JAKARTA. PT Matahari Department Store Tbk (LPPF) will distribute cash dividends from net profit for the 2022 fiscal year of IDR 525 per share.

The plan is in accordance with the decision of the LPPF Annual General Meeting of Shareholders (AGMS), which was held on Wednesday (29/3) 2023. Dividends will be given to the company's shareholders, whose names are recorded in the register of shareholders on April 11, 2023.

Apart from approving the distribution of dividends, the LPPF AGMS also gave approval for the plan to sell treasury shares. As previously reported by idnfinancials.com, the company plans to sell back 104.13 million treasury shares.

Furthermore, the AGMS also approved the share buyback plan for the next 18 months. The number of shares to be bought back is 10% of the issued and paid-up capital. The budget prepared is as much as IDR 200 billion.

In today's stock trading, LPPF's share price closed down 0.60% or 30 points to IDR 4,940 per share. In the past year, LPPF's share price has fallen by 20.30% or 1,260 points. (KR/LM)