JAKARTA - PT Eagle High Plantations Tbk (BWPT) has allocated IDR 50 billion to repurchase its own shares (buyback). The number of repurchased shares is set not to exceed 20% of its paid-up capital.

In the information disclosure quoted Wednesday (24/5), this corporate action is scheduled to take place in the next three months, starting from next Thursday (25/5) until August 21, 2023. The source to fund this corporate action comes from BWPT’s internal cash.

Until April 2023, this issuer recorded 31.52 billion units of listed shares, 37.7% of which was controlled by PT Rajawali Capital, while FIC Properties Sdn Bhd claimed another 37%, and the public shared another 24.34%. The treasury stock took up the remaining 0.96% of the shares. (LK/ZH)