JAKARTA. PT Ifishdeco Tbk (IFSH), a nickel mining company, completed a buyback program of 214.04 million shares which has been going on for 3 months.

IFSH management said that the share buyback took place according to the schedule that had been scheduled, namely January 6 - April 5, 2023. During that time, the company had issued a budget of IDR 172.12 billion for share buybacks.

"The company has ended the buyback period as planned," wrote IFSH Management, in an information disclosure on the Indonesia Stock Exchange (IDX).

Furthermore, IFSH will transfer the buyback shares through the Management and Employee Stock Ownership Program (MESOP). "By obtaining the approval of the closest company's General Meeting of Shareholders (GMS) and still paying attention to the provisions of the applicable laws and regulations," explained IFSH Management.

According to data from idnfinancials.com, IFSH previously budgeted IDR 200 billion for the share buyback program. This budget comes from the company's internal cash.

During trading on Thursday (6/4), IFSH's share price strengthened 0.88% or 10 points to a level of IDR 1,140 per share. Meanwhile, in the past year, the company's share price has increased by 1.79% or 20 points. (KR/LM)