JAKARTA – PT Optima Prima Metal Sinergi Tbk (OPMS), a metal goods distributor, will sell off 20 million units of its treasury stock starting from March 9, 2023.

Reni Anggraini, Corporate Secretary of Optima Prima Metal Sinergi, claimed that it had assigned PT Semesta Indovest Sekuritas as the agent that will be responsible for selling those shares. “The company will gain extra funds from the proceeds of this treasury stock sale,” she mentioned in the information disclosure quoted Wednesday (22/2).

In yesterday’s (21/2) transaction, OPMS’s shares peaked at IDR 79 per share and dropped to the lowest of IDR 74 per share. If calculated using the mid-range price of IDR 77 each, this treasury stock sale might grant OPMS IDR 1.54 billion.

The trading frequency of OPMS’s shares reached 163 times, involving 873,800 units of shares with a total value of IDR 66.03 million. (LK/ZH)