PT Pelita Samudera Shipping Tbk commences an Equity Buyback Plan for 300,000,000 shares, representing 5.5% for IDR 100,000 million, under the authorization approved on June 17, 2021.

PT Pelita Samudera Shipping Tbk (IDX:PSSI) commences share repurchases on June 17, 2021 under the program mandated by the shareholders in the Annual General Meeting held on June 17, 2021. As per the mandate, the company is authorized to repurchase 300,000,000 shares, representing 5.5% of its issued share capital for IDR 100,000 million. The shares will be repurchased at a maximum price of IDR 500 per share.

The program is valid till June 16, 2022.