BBRI - Announces IDR3 tn share buyback

BBRI - Announces IDR3 tn share buyback Bank Rakyat Indonesia (BBRI) today announced a share buyback program totaling IDR3 tn. The repurchase will be executed in phases over 12 months, commencing on March 12, 2025, subject to shareholder approval at the upcoming General Meeting on March 11, 2025. The buyback, funded entirely by internal cash reserves as per POJK 29/2023, will adhere to regulatory limits on treasury stock. The program is not expected to materially impact BBRI's financial performance. Repurchased shares will primarily be used for employee stock ownership programs, with a three-year holding period. (Source : Emiten News)