BREN Halts Share Buyback

PT Barito Renewables Energy Tbk (BREN) has decided to accelerate the period for repurchasing its shares from the previous schedule of 3 May 2026. Citing an information disclosure from the Indonesia Stock Exchange (BEI), this step is in line with the conditions of the Indonesian capital market and the company’s share price, which is deemed relatively stable. Management stated that this change applies to the second trading session at the BEI on 1 April 2026. “With this, we inform that the company intends to accelerate the end of the share repurchase period, which was all planned to end on 3 May 2026, to 1 April 2026 in the second trading session at the Indonesia Stock Exchange,” wrote management on 31 March 2026. Management also emphasised that this decision does not have a material impact on the company’s operational activities, legal condition, or finances. For information, this issuer owned by Prajogo Pangestu previously allocated Rp2 trillion for the share buyback. This corporate action has been carried out since 4 February 2026, originally planned to end on 3 May 2026. Meanwhile, BREN shares year-to-date, up to 31 March 2026, have fallen 45.74% to the level of Rp5,250. In the last month, price pressure remains heavy. In yesterday’s trading on Tuesday (31/3/2026), BREN shares dropped 4.11%.