JAKARTA. PT Salim Ivomas Pratama Tbk (SIMP), an agribusiness company under Salim Group, will transfer its entire treasury shares, which are recorded at 315 million shares.

Those shares were acquired from a buyback. According to IDNFinancials data, the entirety of the treasury shares was collected from May 2013 to November 2014.

“Until June 30, 2023, treasury stock consisted 315 million shares, with acquisition price of IDR 261.161,” the management of SIMP mentioned in the financial report.

Then, Meyke Ayuningrum, Corporate Secretary of SIMP, mentioned that the treasury stock transfer will be carried out by reducing issued and paid-up capital. “Therefore, the company will propose the plan and ask for approval from the Extraordinary General Meeting of Shareholders,” she explained in information disclosure.

As of 9.41 AM WIB today (18/10), SIMP’s shares were at IDR 390. Therefore, the entire treasury stock is valued at IDR 122.85 billion. (KR/ZH)