— PT Salim Ivomas Pratama Tbk (SIMP), a major Indonesian agribusiness firm under the Salim Group, has announced plans to restructure its capital by transferring 315 million treasury shares. This move follows an extended period of holding shares acquired through previous buyback activities spanning from May 2013 to November 2014. Key Details of the Corporate Action
PT Salim Ivomas Pratama Tbk (SIMP) Proposes Significant Treasury Stock Reduction salim ivomas buyback
The company will transfer 315,000,000 shares currently held as treasury stock. — PT Salim Ivomas Pratama Tbk (SIMP), a
PT Salim Ivomas Pratama Tbk is a leading integrated agribusiness company involved in oil palm plantations, processing, and the production of edible oils and fats, including popular cooking oil brands. It is a subsidiary of Indofood Agri Resources Ltd. and part of PT Indofood Sukses Makmur Tbk. To make this article more specific to your needs, I can: PT Salim Ivomas Pratama Tbk is a leading
The shares in question were acquired during a 2013 buyback program, where SIMP and its subsidiary, PT PP London Sumatra Indonesia (LSIP), set aside funds to buy back shares amid market fluctuations. The 2013 plan originally aimed to buy back up to 315 million shares, representing 2% of its enlarged shares, using profits balance.