JAKARTA - PT Jaya Real Property Tbk (JRPT) has allocated IDR 65 billion to repurchase its shares (buyback) for the next three months, starting today (18/4).

In the information disclosure quoted Monday (18/4), Praditya Wibowo, Corporate Secretary of Jaya Real Property, mentioned that the buyback targets 127.45 million shares. “This shares buyback will not significantly affect the performance and revenue of the company,” he said.

The buyback price is limited to lower or equal to the previous transaction price, as well as the average closing price within the past 90 days of trading prior to this corporate action.

In the previous round of buyback, from January 17 to April 16, 2023, JRPT set the average price of IDR 491 per share. It managed to reacquire 47.54 million shares for IDR 23.35 billion.

Prior to this, the company recorded earning per share of IDR 65.17 billion at the end of 2022. Then, it was turned to IDR 66.85 following the first round of buyback. (LK/ZH)