JAKARTA. PT Harum Energy Tbk (HRUM) will transfer or sell 201.85 million units of its shares that were gained from a buyback.

The treasury stock sale period will last from August 18 to June 12, 2024. For this sale, HRUM assigns PT CIptadana Sekuritas Asia, a member of the stock exchange, as the arranger.

The sale will only be available 30 minutes after the opening bell and 30 minutes before the closing bell of trading days. The number of treasury shares to be sold by HRUM daily is set to a maximum of 20% of the total treasury shares offered in this corporate action.

For the record, the last time HRUM sold its treasury shares was on September 1, 2021, until April 27, 2022, with total sold shares of 136.98 million units.

Then, the company initially planned to sell off 40.37 million treasury shares from April 28, 2022, until May 11, 2023. However, this plan kept being postponed, and instead, HRUM initiated a stock split. Therefore, the treasury shares of the company proliferated to 201.85 million units. (KR/ZH)