Jakarta - PT Indocement Tunggal Prakarsa Tbk (INTP) plans to extend the three-month share buyback period.

INTP Director and Corporate Secretary Oey Marcos explained that the share buyback period ended on June 6, 2022. However, there are still several shares that the company can buy back from the maximum number of shares buyback.

"The share buyback period starts from June 7, 2022, to September 6, 2022," he said in Jakarta on Tuesday (6/7).

The company plans to buy back shares as much as Rp3 trillion, with the number of shares repurchased not exceeding 20% ​​of the paid-up capital.

"According to letter 069/2022, the remaining funds that can still be used to repurchase the company's shares amounted to Rp728.02 billion," he explained.

According to Marcos, the company will use funds from internal cash because it currently has good capital and cash flow and is sufficient to finance all business activities, capit