JAKARTA. PT Siloam Internasional Hospitals Tbk (SILO), the managing company of Siloam Hospital network, will transfer out the repurchased shares in 2023. 

The number of shares to be distributed by SILO is equal to 23,880,200 shares. These entire shares will be transferred through Management and Employee Stock Option Plan (MESOP) programme.

"This shares transfer will take place after securing approval from GMS, which is projected to be held on May 30, 2024," said the management of SILO, in the information disclosure in Indonesia Stock Exchange (IDX).

The price for the options to purchase shares is set to a minimum of IDR 2,100 per share. "Or as further regulated by the Board of Commissioners," added the management of SILO.

It is worth mentioning that this MESOP will not dilute the existing investors' portions, as MESOP shares are not newly issued. "With the conclusion of MESOP programme in 2026, it is expected that all treasury shares will be used up and no longer listed in the company's accounts," added the management further. 

According to IDNFinancials data, SILO was seen weakening 110 points or 4.31% to IDR 2,440 per share. However, since the beginning of this year, the stock has increased 280 points or 12.96%. (KR/ZH)