PT Resource Alam Indonesia Tbk announces an Equity Buyback for 100,000,000 shares, for IDR 150,000 million.
January 22, 2017 at 05:42 pm EST
PT Resource Alam Indonesia Tbk (KOSDAQ:A053260) announces a share repurchase program. Under the program, the company will repurchase up to 100,000,000 shares, for a total amount of IDR 150,000 million. The maximum purchase price to be paid for the shares is IDR 4,000 per share. The repurchases will be made on the Indonesia Stock Exchange. The share repurchase program is valid for 18 months, until September 1, 2018.