Indika Energy (INDY) to Release 7.5 Million Shares from 2020 Buyback
JAKARTA, KOMPAS.com - PT Indika Energy Tbk (INDY) plans to release 7.5 million treasury shares resulting from the buyback action conducted in 2020.
In a disclosure to the Indonesia Stock Exchange on Monday (27/4/2026), management stated that the shares to be released are from the buyback carried out in three stages: 2.3 million shares on 2 July 2020, 2.4 million shares on 3 July 2020, and 2.8 million shares on 6 July 2020, totalling 7.5 million shares.
“The company plans to sell back 7,500,000 of its shares resulting from the buyback on 2, 3, and 6 July 2020,” management wrote in the IDX disclosure.
Regarding pricing, the treasury share sale will not be conducted below the closing price of trading one day before the transaction or the average closing price over the last 90 days, whichever is higher. This policy aims to ensure that the share release does not significantly pressure prices in the market.
The implementation period for the sale is scheduled from 11 May to 5 July 2026. The company also emphasised that this corporate action will not impact operational activities, financial condition, legal aspects, or business continuity.
Management assured that the treasury share release will not affect operational activities, legal matters, financial condition, or the company’s business continuity.
“The company is confident that this transaction is carried out in accordance with applicable capital market regulations,” INDY management continued.
In early trading, INDY shares fluctuated and touched a low of around Rp 3,750 before gradually forming an upward trend.
In terms of ownership structure, INDY shares show dominance by controlling shareholders with relatively high ownership concentration. The main entity, Indika Inti Investindo, controls 37.79% of shares or equivalent to 1.97 billion shares, followed by PT Teladan Resources at 28.08% or 1.46 billion shares.
Thus, these two largest shareholders collectively control more than 65% of the company’s shares.