JAKARTA - PT Garudafood Putra Putri Jaya Tbk (GOOD) has allocated IDR 50 billion to buy back 0.28% shares of the total issued and paid-up capital of 36.89 billion.

In the disclosure published on Thursday (9/3), Hardianto Atmadja, President Director of PT Garudafood Putra Putri Jaya Tbk (GOOD) conveyed the corporate action plan so that the company has a mechanism to maintain stock price stability if the price does not reflect the company's performance.

This plan will be implemented no later than 18 months or 14 October 2024 after shareholder approval on 14 April 2023. The share purchase will be made via the Indonesia Stock Exchange (IDX) and appoint PT Indo Premier Sekuritas to carry out the buyback.

In yesterday's transaction (8/3), GOOD shares touched the highest price of IDR 476 and the lowest price of IDR 470 per share. The issuer's shares closed at IDR 476 per share. The volume of shares traded was 4.77 million in 710 transactions with a value of IDR 2.25 billion. (LK/LM)