Harum Energy Tbk Discloses Information Regarding Shares Buyback
The Company hereby informed to shareholders that the Company planned to repurchase the shares of the Company, which have been issued and listed on Indonesia Stock Exchange (IDX) by 10% of the total issued and fully paid-up capital, or maximum amounted to 270,362,000 shares of the Company (Buyback), which will be gradually performed within 18 months period, since the share repurchase approval from Extraordinary General Meeting (EGM), referring to the law No. 40 in 2007, regarding the Limited Liability Company (Company Law/UUPT) and Regulation No. XI.B.2, Attachment of the Chairman Decision of Bapepam-LK No. KEP-105/105 / BL / 2010 dated April 13, 2010 on Buyback of Shares Issued by the Issuer or Public Company (Regulation No. XI.B.2).
Related to the share repurchase of the company in accordance with the applicable regulation, then the Company needed to obtain approval from EGM, so the Company will hold the EGM on Friday, May 29, 2015, or the other date as the delay / continuation.