Jakarta \u2014 National entrepreneur Garibaldi \u201cBoy\u201d Thohir has again\ndemonstrated his commitment to strengthening Indonesia\u2019s capital markets\nby planning to execute a share buyback of PT Alamtri Resources Indonesia\nTbk (ADRO). This corporate action reflects support for the national\neconomy and increased participation of domestic investors.<\/p>\n
Boy Thohir added that the buyback plan also reflects confidence in\nthe company\u2019s fundamentals and long-term prospects of the energy and\nnatural resources sector in Indonesia. \u201cI believe that ADRO and\nIndonesia\u2019s capital market have very good long-term prospects,\u201d said Boy\nThohir on Monday (16 March 2026).<\/p>\n
A buyback is the repurchase of shares already circulating in the\nmarket. This step is typically undertaken by companies to increase\nshareholder value, maintain share price stability, and demonstrate\nmanagement confidence in the company\u2019s performance.<\/p>\n
Based on company disclosure, Alamtri is planning a buyback with a\nmaximum value of 4 trillion rupiah. The implementation of the share\nrepurchase will be conducted through the Indonesian Stock Exchange in\nstages over a maximum period of 12 months following approval from the\nGeneral Meeting of Shareholders.<\/p>\n
The company also stated that the plan complies with several capital\nmarket regulations. These regulations include the Financial Services\nAuthority Regulation Number 29 of 2023 on Share Repurchase by Listed\nCompanies, OJK Regulation Number 15 of 2020 concerning the planning and\nimplementation of General Meetings of Shareholders for listed companies,\nand the Limited Liability Company Law which has been updated through the\nJob Creation law.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/boy-thohir-prepares-share-buyback-for-adro-1773662007", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }