JAKARTA – PT Tower Bersama Infrastructure Tbk (TBIG) will collect fresh funds after transferring 368,740,400 shares from buyback to its parent entity, Bersama Digital Infrastructure Asia Pte Ltd.

Helmy Yusman Santoso, Corporate Secretary of Tower Bersama Infrastructure, mentioned that the buyback share sale will take place later this month, on February 28, 2023. “The sale period will last until June 30, 2023,” he said in the information disclosure quoted Wednesday (15/2).

The price for this sale is yet to be decided. The price will be set based on two factors, which are the closing price on the day before the sale (27/2) and the average closing price of the last 90 days before the sale.

As of now, TBIG’s stock price is set to IDR 2,080 per share. Using this price for the calculation, TBIG is expected to score IDR 766.98 billion at the end of this corporate action. (LK/ZH)