Conglomerate-Owned Towers Company Edwin Soeryadjaya And Sandiaga Uno Extend The Stock Buyback Period

Illustration. (Photo: Freepic)

JAKARTA - A tower company from Saratoga owned by conglomerates Edwin Soeryadjaya and Sandiaga Uno, PT Tower Bersama Infrastructure Tbk (TBIG) made the first extension of the share buyback period. Director of Tower Bersama Helmy Yusman Santoso explained, the company intends to extend it for three months, because the previous buyback period ended on October 24, 2022. "And there are still a number of shares that can be repurchased by the company from the provisions of the maximum number of share repurchase," Helmy said in an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted Thursday, October 13. As for Helmy, this extension period will take place from October 13, 2022-12 January 2023 or for three months. "The company believes that the implementation of the repurchase of the company's shares in the extension period will not affect the company's revenue," he said. Helmy stated that the share buyback of Tower Bersama (TBIG) will be carried out at a price that is considered good and reasonable by the company taking into account the applicable regulations. The company has appointed PT Ciptadana Sekuritas Asia to repurchase the company's shares in the extension period.