Harita Nickel (NCKL) Announces Rp1 Trillion Share Buyback Plan

Harita Nickel (NCKL), a nickel mining company, plans to execute a share buyback worth up to Rp1 trillion. The corporate action was disclosed in an information announcement on 22 May 2026, with approval required at the Annual General Meeting (AGM) scheduled for 30 June 2026.

Management explained the buyback is a strategic move as the company’s share price does not fully reflect its fundamental value. The purchase will be conducted through the Indonesia Stock Exchange (BEI) in phases over a maximum 12-month period following shareholder approval.

The company confirmed the funds will come entirely from internal cash reserves, not from public offerings, loans, or debt. It stated the buyback will not materially impact operations or financial condition, and is not expected to significantly affect revenue or earnings per share.

According to the schedule, the AGM call will be issued on 8 June 2026, with the meeting to seek shareholder approval on 30 June. If approved, the buyback period will commence on 1 July 2026 and last for 12 months. A meeting summary will be published on 2 July 2026 as part of disclosure to investors and the capital market public.