PT Trisula International Tbk (TRIS) has officially announced a strategic initiative in the form of a share buyback with a total budget reaching IDR 15 billion. This corporate action is scheduled to take place over three months, from July 6, 2026, to October 5, 2026.
Trisula management emphasized that the execution of this buyback does not require approval from the General Meeting of Shareholders (GMS). The policy refers to Financial Services Authority Regulation (POJK) Number 13 of 2023, which provides a legal basis for issuers to maintain share price stability amid uncertain market conditions.
In the information disclosure, the company set a maximum buyback target of 3% of the issued and fully paid-up capital, equivalent to 94 million shares. The company has set a maximum purchase price of IDR 170 per share, with internal estimates calculating it at IDR 158 per share. All funding for this action will come from the company's internal cash.
To facilitate the plan, Trisula has appointed PT Phillip Sekuritas Indonesia as the brokerage partner to execute transactions on the Indonesia Stock Exchange. The company assured that this action will not disrupt its financial stability or future earnings prospects.
President Director of Trisula, Widjaya Djohan, expressed confidence that this policy will not have a material negative impact on the company's operations or profits. This decision was taken as a sign of management's optimism regarding the company's fundamentals amid capital market dynamics.
