PT Steel Pipe Industry of Indonesia Tbk (JKSE:ISSP) announces a share repurchase program. Under the program, the company will repurchase up to IDR 50,000 million of its shares, at a price lower than IDR 200 per share. Repurchases will be made from the market through the Indonesia Stock Exchange.

The company will repurchase its shares due to the significant fluctuation of the capital market. The company will appoint a registered broker to repurchase shares on its behalf. The share repurchase program is valid until November 30, 2015.