JAKARTA. PT PP London Sumatra Indonesia Tbk (LSIP), a plantation company under Salim Group, will divest 2.9 million units of its treasury shares. 

Fajar Triadi, Corporate Secretary of LSIP, said that these offered treasury shares originate from a buyback that took place from May 24 to August 21, 2023. In said buyback, the company spent approximately IDR 3.27 billion.

Treasury stock sale is scheduled to be held on September 15, 2023. The sale will be conducted through transactions in Indonesia Stock Exchange (IDX), appointing PT Harita Sekuritas as its broker.

According to IDNFinancials data, as of today (1/9), LSIP's stock price was closed 0.49% or 5 points higher at IDR 1,025 per share. The traded shares clocked up to 2.26 million shares, with a total transaction worth IDR 2.32 billion. (KR/ZH)