JAKARTA – PT Mayora Indah Tbk (MYOR), a food and beverage company, will commence a share buyback with a budget of IDR 1 trillion from 27 March to 27 June 2025.

This decision was made without holding a General Meeting of Shareholders (GMS), following the Financial Services Authority (OJK) regulation that allows buybacks in significantly fluctuating market conditions.

MYOR emphasised that funds for the buyback will come from internal cash, ensuring no impact on financing costs or disruptions to the company's operations.

"The buyback will not have a material effect on MYOR’s business performance and revenue, as retained earnings and cash flow are sufficient to cover the buyback," said Yuni Gunawan, Corporate Secretary of MYOR, in an official statement, quoted Thursday (27/3).

Additionally, Yuni explained that the number of shares to be repurchased will not exceed 20% of paid-up capital, maintaining a free float of above 7.5% of MYOR’s paid-up capital.

The buyback will be halted if the three-month period ends, the realisation reaches IDR 1 trillion, or the target number of shares has been purchased. Management also has the authority to stop the buyback if deemed unnecessary.

This buyback is expected to stabilise MYOR’s share price amid uncertain market conditions and provide added value for shareholders.

It is worth noting that MYOR has appointed PT Indo Premier Sekuritas as the intermediary for transactions on the Indonesia Stock Exchange (IDX).

As of the close of trading on Wednesday (26/3), MYOR’s shares were at IDR 2,090 per share. Over the past week, the shares declined by 3.69%, and by 3.24% over the past month. (EF/ZH)