JAKARTA – PT Bukalapak.com Tbk (BUKA) has announced a share buyback plan with a maximum fund allocation of IDR 1.9 trillion.

This corporate action will take place over a 3-month period, starting from March 26 until June 25, 2025.

Cut Fika Lutfi, Corporate Secretary of BUKA, explained that the buyback is aimed at stabilising the company's fundamentals amid market fluctuations and strengthening stakeholder and shareholder confidence in BUKA's ability to achieve sustainable growth.

The buyback price will be determined in accordance with POJK Regulation No.29/2023 at a fair level. Furthermore, Lutfi added that the buyback will not negatively impact the company's revenue.

“The execution of the buyback will not have a negative effect on operational performance and revenue, as it is supported by sufficient capital and cash flow to finance all business activities, development, operations, and the share buyback,” she stated in an official release on Tuesday (25/3).

As of 11.59 AM WIB on Wednesday (25/3), BUKA's share price rose by 2.92% to IDR 141. However, on a yearly basis, the company's shares have fallen by 4.73% or 7 points. (EF/ZH)