JAKARTA. PT Delta Dunia Makmur Tbk (DOID), a mining contractor company established circa 1990, is planning a shares buyback.

The management of DOID has secured approval from the Extraordinary General Meeting of Shareholders held last week. In said meeting, DOID is said to secure absolute approval with valid votes from 99.91% of present shareholders.

In addition, the management of DOID also obtained approval to cut its capital by withdrawing 422.38 million treasury shares. This will then be followed by the adjustment of its issued and paid-up capital to 8.19 billion shares or 30.4% of its authorised capital.

According to IDNFinancials data, in April 2024, DOID had transferred 646,55 million shares through Management and Employee Stock Owenership Program (MESOP). The number of shares that were transferred is equal to 7.5% of its issued and paid-up capital.

At today’s (23/4) opening bell, DOID’s shares went up 2 points or 0.43% as of 10.30 AM WIB. Since the beginning of the year, the stock price has actually increased 94 points or 25.68%. (KR/ZH)