Mar 2020

Investor

Information To Shareholders In Relation To The Company's Plan To

NEWSLETTER

Buy Back Its Shares During Significant Market Fluctuation

OJK Regulation No. 02/POJK.04/2013 dated 23 August 2013 on Share buyback which has been issued by

issuers of public companies during significantly fluctuating market condition

OJK Circular Letter No. 3/SEOJK.04/2020 dated 9 March 2020 on Other condition considered significantly fluctuating market condition during the share buyback issued by issuers of public

companies

Monday, 16 March 2020

On 13 March 2020, PT Bank Rakyat Indonesia (Persero) Tbk. announced its plan to buy back its shares which has been issued and recorded at the Indonesia Stock Exchange (IDX), as disclosed in the BRI Letter No. B.427- DIR/SKP/03/2020. The maximum of buyback shares is IDR 3 trillion, exclude brokerage commission and other transaction related expenses, and it will be executed in the period of 3 months, from 13 March 2020 to 12 June 2020, by taking into accounts BRI's capital and liquidity condition and in accordance with applicable regulation. The total buyback shares shall not exceed 20% of the paid in capital, on condition that the minimum outstanding shares is 7.5% of the paid capital.

With the assumption that BRI will use the internal cash for the share buyback, the Total Asset and Total Equity will decrease IDR 3 Trillion, and it will not give material impact to the BRI's operational expenses thus the profit- loss is estimated maintains in line with the target. The implementation of shares buyback is estimated will not decrease the company's revenue and have minimum impact on financing costs. BRI confidence that the execution of shares buyback will not give negative material impact on the company's business activities as BRI has sufficient working capital dan cashflow to support the operation as well to execute the transaction.

Proforma of Net profit per shares after the share buyback

(in IDR Million, exclude net profit per share)

Without Buyback

Impact

With Buyback

Total Asset

1.416.758.840

(3.000.000)

1.413.758.840

Total Equity

208.784.336

(3.000.000)

205.784.336

Net Profit

34.413.825

34.413.825

Net Profit per Shares

280.87

2.08

282.95

The share buyback transaction will be carried out through IDX. BRI appointed PT Danareksa Sekuritas to conduct the shares buyback transactions.

Download the disclosure of the company's plan to buyback its shares during significant market fluctuation: https://ir-bri.com/news.html/id/766964

PT BANK RAKYAT INDONESIA (Persero) Tbk.

Investor Relations

7th floor BRI II Building

Phone

: 62 21 5752006/09

Website : www.ir-bri.com

Jl. Jenderal Sudirman Kav 44-46 Jakarta 10210, Indonesia

Email

: ir@bri.co.id

Attachments

  • Original document
  • Permalink

Disclaimer

BRI - PT Bank Rakyat Indonesia (Persero) Tbk published this content on 16 March 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 March 2020 09:56:01 UTC