JAKARTA – PT Chandra Asri Pacific Tbk (TPIA) has allocated IDR 2 trillion to repurchase (buyback) 250 million shares. The company’s management has set the maximum buyback price at IDR 10,000 per share.

Erri Dewi Riani, General Manager of Legal & Corporate Secretary at TPIA, stated that the buyback period will last for three months, starting on Friday (21/3) and running until 20 June 2025. “The company may stop the buyback before the set deadline,” she said in a public disclosure.

The corporate action can be halted before the end of the period for several reasons, including the exhaustion of funds for the buyback, the achievement of the target number of shares, and the company's decision.

The funds used for this corporate action will not affect the company’s income, but they will reduce total assets and total equity by USD 123.74 million, bringing them to USD 5.35 billion and USD 2.80 billion, respectively.

She stated that the share buyback will enhance shareholder value and stock performance in line with the company’s fundamentals, while also helping to stabilise TPIA’s share price.

The listed shares of this company total 86.51 billion, with the ownership structure comprising 43.61% Controlling shareholders and 56.39% Non-controlling shareholders. There are 13,674 shareholders, and the free float shares amount to 9.22 billion. (LK/ZH)