JAKARTA. PT Nippon Indosari Corpindo Tbk (ROTI) will carry out the transfer of treasury stock consisting of 38,908,000 shares gained from the buyback that has taken place for the past two years.

Arlina Sofia, Director of ROTI, mentioned that those shares are equal to 0.62% of total outstanding shares. In addition, those shares are confirmed to be secured from the sixth buyback from July 21 to October 20, 2022, and the seventh buyback from October 21, 2022, to January 20, 2023.

“It is in order to promote the company’s stock liquidity,” Sofia added in the information disclosure in Indonesia Stock Exchange (IDX).

ROTI has assigned PT BCA Sekuritas as the stock exchange member that will lead the shares’ sale. The divestment will be carried out according to POJK No. 29/2023.

On today’s (26/2), session, ROTI opened with 35 points or 2.82% decline to IDR 1,205 per share. However, since the beginning of the year, this Salim Group company has actually recorded 45 points or 3.90% increase. (KR/ZH)