JAKARTA – PT Malindo Feedmil Tbk (MAIN) has announced a plan to repurchase shares (buyback) with a maximum allocation of IDR 251.85 billion.

Andre Andreas Hendjan, Corporate Secretary of MAIN, stated in his announcement on Monday (24/3) that the share buyback aims to enhance flexibility in capital management and provide returns to shareholders.

Before conducting the buyback, MAIN will consider market conditions, stock performance, and available funding sources to ensure the buyback does not significantly impact the company’s liquidity or business operations.

MAIN will execute the buyback both on and off the exchange, with the assistance of a registered securities brokerage firm. The buyback price will adhere to applicable regulations, and the execution period will last for three months from the announcement of the disclosure.

Andre confirmed that MAIN’s share buyback would not materially impact the company’s financial condition or operations. “The net assets remain greater than the paid-up capital plus the mandatory reserves,” he added.

Referring to MAIN's Shareholders Register as of 30 September 2024, Dragon Amity held 67.38% of the shares, while public investors owned 32.62%. (EF/KR/ZH)