JAKARTA. PT Jaya Real Property Tbk (JRPT) schedules another buyback with a budget of IDR 50 billion.

This corporate action is an extension of JRPT’s previous buyback agenda. The company initiated a buyback back in April-July 2023 with a budget of IDR 65 billion.

The management of JRPT said that the number of shares to be repurchased will be equal to 91,743,000 shares. They are equivalent to 0.71% of the total issued and paid-up capital of the company.

“The arrangement of this buyback will not significantly affect the company’s performance and revenue,” the management of JRPT mentioned in the official disclosure.

The buyback will last for another three months, starting from July 20, 2023. The buyback will be carried out through both Indonesia Stock Exchange (IDX) or outside the stock exchange.

On yesterday’s (20/7) trading session, JRPT was closed 10 points higher to IDR 545 per share. The volume of traded shares clocked up to 1.21 million units, with the total frequency of 173 transactions. (KR/ZH)