PT Multipolar Tbk (MLPL) plans to buy back a maximum of 10% of the company's paid-in and issued capital or a maximum of 1.463 billion shares.

Thus, the estimated nominal value of the planned buyback is Rp284.43 billion.

"However, the cost to be incurred for the implementation of the share buyback is a maximum of IDR 425 billion," said management in the IDX information disclosure on Thursday (10/6).

To realize the plan, the company will hold an EGMS held on July 19, 2021.

The company plans to share buyback because the company's current share price does not reflect the actual value/performance of the company, especially considering the potential value of the company in the future.

The company expects the implementation of the share buyback not to affect the company's business activities and operations because it already has sufficient capital to carry out its business activities.