"The number of shares we have bought back from the public reaches about 30 percent," Telkom President Director Rinaldi Firmansyah said here on Thursday night.
The fund represents around 40 percent of Rp5 trillion needed for the share buyback expected to end in June 2012. The company will buy back the shares held by the public through the Indonesia Stock Exchange (BEI) and the New York Stock Exchange (NYSE).
Telkom shareholders have agreed on the planned share buyback with a portion of 3.2 percent. The share buyback will cost the company an estimated Rp5 trillion. The figure is higher than 2 percent of shares held by the public as originally planned at a total cost of Rp3 trillion.
The planned share buyback will cover 645,161,290 shares with the price of shares estimated at Rp7,750 each.(*)
Editor: Heru Purwanto
Copyright © ANTARA 2011
