INTP to Conduct Share Buyback Up to Rp 750 Billion
Jakarta, CNBC Indonesia - PT Indocement Tunggal Prakarsa Tbk (INTP) plans to carry out a share repurchase worth a maximum of Rp 750 billion. The number of shares that can be repurchased will not exceed 10% of the total issued capital, assuming the withdrawal of 84,529,400 treasury shares has obtained approval in accordance with applicable laws and regulations.
Quoting a disclosure on the Indonesia Stock Exchange (BEI), this corporate action is intended to improve the perception of INTP shares, which are currently undervalued.
“Management believes that the Company’s shares are currently undervalued; repurchasing shares can be one way to increase and improve the market’s perception of the Company, which is still in a net-cash position, with management confident in the Company’s future,” management stated on Wednesday (15/4/2026).
Management stated that the funds to be used for the buyback will be entirely from the Company’s internal funds, not from public offerings, and not from loans or any form of debt, and will not significantly affect the Company’s financial capacity to meet upcoming obligations.
This is because the Company’s capitalisation and cash flow are currently in good condition and sufficient to finance all business activities, operational expenses, capital expenditures, and the share repurchase.
“The Company’s share repurchase will provide a good return for shareholders and increase investor confidence so that the Company’s share price can reflect the Company’s true fundamental condition,” it added.
To facilitate this corporate action, management will seek approval from shareholders at the Annual General Meeting of Shareholders (AGMS) scheduled for 21 May 2026.
The share repurchase will take place for a maximum of 12 months after AGMS approval. Thus, the buyback period is estimated to run from 22 May 2026 to 21 May 2027.
The Company emphasised that if the allocated funds are exhausted or the targeted number of shares is fulfilled, the buyback may be stopped earlier, with disclosure still provided.
Management also assured that the share buyback will not result in a decrease in the Company’s revenue and will not have a negative impact on the Company’s financing costs, given that the funds used are internal Company funds.