MEDC Announces Buyback Shares Of 50 Million US Dollars
JAKARTA - PT Medco Energi Internasional Tbk (MEDC) announced a share buyback program of up to 50 million US dollars.
MedcoEnergi CEO Roberto Lorato explained that this step is part of the Company's ongoing commitment to provide added value for shareholders.
For information, this program is a continuation of the share repurchase program which was announced on March 21, 2025, based on OJK Letter No. S-17/D.04/2025 dated March 18, 2025.
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This buyback reflects our confidence in MedcoEnergi's strong fundamentals and long-term growth prospects. We remain committed to optimizing capital allocations, while continuing to create value for shareholders," said Roberto, Monday, September 8.
He ensured that MedcoEnergi will continue to focus on operational excellence, optimizing portfolios, and sustainable energy initiatives to ensure long-term resilience and growth.