PT Trisula International Tbk plans to buy back as many as 10% or 314.144 million shares.

Based on the company's disclosure on Wednesday (21/4), the implementation of this share buyback is motivated by the fact that the company's current share price does not reflect the actual value or performance, as well as considering the national and world economic conditions which are experiencing a slowdown due to the Covid-19 pandemic, which also provides a negative impact on stock performance.

The implementation of the share buyback is expected to improve the company's stock performance and provide greater flexibility in capital management to achieve an efficient capital structure.

The share buyback will be carried out for 18 months after the company obtains approval from the EGMS which will be held on May 27, 2021. The company appointed PT Sinartama Gunita to carry out the corporate action.

The cost to be incurred for the share buyback is e