Alamtri Resources plans 4 trillion rupiah share buyback
TL;DR
PT Alamtri Resources Indonesia (ADRO) shareholders approved a 4 trillion rupiah share buyback to repurchase up to 1.36 billion shares, reducing capital and share count. The move aims to optimize capital structure, with details on timing still undisclosed.
Shareholders of PT Alamtri Resources Indonesia Tbk (ADRO) approved a share buyback program with a maximum allocation of IDR 4 trillion during the Annual General Meeting of Shareholders (AGMS) held on June 2, 2026 according to company reports. The decision was disclosed by ADRO's Corporate Secretary, Mahardika Putranto, in a filing to the Indonesia Stock Exchange on June 4, 2026 as announced. The buyback aims to repurchase up to 1.36 billion shares, equivalent to 4.45% of the company's total capital, which will be canceled to reduce issued and paid-up capital. This action will decrease ADRO's share count from 30.75 billion shares (IDR 3.07 trillion nominal value) to 29.38 billion shares (IDR 2.39 trillion nominal value). The company, controlled by Garibaldi Thohir, has previously implemented buybacks, including a 2024 program that generated treasury shares. ADRO's stock closed at Rp 2,410 on March 11, 2026, reflecting a 2.56% increase of Rp 60. The buyback aligns with corporate strategies to optimize capital structure, though specific timing or implementation details for the repurchase program remain undisclosed. Investors are advised to monitor subsequent disclosures for execution updates.
ADRO allocates IDR 4 trillion as shareholders approve buyback, IdnFinancials, June 4, 2026.
