PT Sarana Menara Nusantara Tbk (“SMN”) starts share buyback under its second share buyback program.
Jakarta, August 17, 2020 | Source: Company

Approval for the second share buyback program has been obtained from the SMN’ Extraordinary General Meeting of Shareholders on May 5, 2020 for up to 5% of SMN' total paid up shares for a period of 18 months until November 2021. The buyback will be conducted in accordance with OJK Rule No. 30/POJK.04/2017 concerning Share Buyback by a Public Company.

The share buyback was conducted in the period of August 7, 2020 through August 13, 2020, with total number of repurchased shares of  84,933,000 shares with total value of approximately Rp90 billion.