Based on minutes of the Company’s EGMS held on 30 March 2015, the shareholders approved, among others, the repurchase of the Company’s shares of total issued shares or 130 million shares with a total purchase cost of approximately US$5 million within an 18-month period.
As of 18 September 2015, the Company has repurchased 15,865,900 shares with a total acquisition cost of IDR2.40 billion or equivalent to US$172,911. The buyback was recorded as Treasury shares account under shareholder’s equity.
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