Astra (ASII) Holds RUPSLB, Approves Rp8 Trillion Buyback Plan and Management Share Program

PT Astra International Tbk (ASII) has obtained shareholder approval to carry out share buybacks (buybacks) with a maximum value of IDR 8 trillion. The decision was made at the Extraordinary General Meeting of Shareholders (RUPSLB) held on Friday, July 17.

The approval is one of the main agendas decided at the meeting. The buyback will be carried out based on the Financial Services Authority Regulation (POJK) Number 29 of 2023 with a maximum buyback value of IDR 8 trillion. This value does not include the cost of intermediaries for securities traders or other costs incurred during the implementation process.

In addition to approving the buyback program, shareholders also granted the Astra Board of Directors the authority to carry out all necessary steps in its implementation, including setting the repurchase price of shares in accordance with applicable laws and regulations.

In the same AGM, shareholders also approved the transfer of a portion of treasury shares resulting from the third buyback program which took place from March 16 to June 15, 2026. The number of shares to be transferred is a maximum of 100 million shares and will be used for the implementation of the Management Stock Ownership Program (MSOP) or a stock ownership program for management.

Through this decision, the Nomination and Remuneration Committee is authorized to determine the price of the share transfer as well as determine the amount of payment obligations that must be met by the management of the program participants. Meanwhile, the Board of Directors also obtained a mandate to complete all administrative processes and other actions that are necessary so that the implementation of the MSOP runs in accordance with the provisions.

The share ownership program for management is one of the long-term incentive schemes commonly applied by open companies. Through this mechanism, management interests are expected to be more aligned with shareholder interests in increasing the value of the company sustainably.

Astra President Director Rudy expressed his appreciation to all shareholders and stakeholders who have provided support for the company's performance.

"Thank you to all stakeholders for the full support they have provided so far," said Rudy.