JAKARTA. PT Delta Dunia Makmur Tbk (DOID) is arranging its Management and Employee Stock Ownership Program (MESOP) through the distribution of a portion of treasury shares gained through a buyback program.

As of now, DOID recorded 1.28 billion treasury shares gained from buyback in 2022 and 2023. They are equal to 14.9% of total issued and paid-up capital of the company. 

The number of treasury shares allocated in this MESOP is 862.12 million shares at most, which are equal to 10% of total issued and paid-up capital of DOID.

"The upcoming MESOP is expected to attract, maintain, motivate, and incentivise management and key officials of the company and its subsidiaries," the management of DOID mentioned in the official disclosure.

The management of DOID will first ask approval from its shareholders regarding this MESOP plan. The Extraordinary General Meeting of Shareholders will be held on December 13, 2023. (KR/ZH)