MDKA – End buybacks faster

The buyback period of Merdeka Copper ld (MDKA) ended on January 20, 2023, 10 months and 22 days ahead of the original plan. Currently, MDKA is completing the buyback process of 61,468,500. The proceeds from the buyback will be used to realize the long-term incentive (LTI) program. Previously, MDKA had received approval from the EGMS on June 10, 2022 to conduct a maximum buyback of 0.5% of the shares. The allocation of funds for this process reached IDR600 bn and was carried out with a period of 18 months. (Source : Kontan)