Jakarta - PT Tower Bersama Infrastructure Tbk (TBIG) plans to sell 1.025 million shares from the buyback to Provident Consolidated Holdings Pte Ltd.

"The share buyback sale transaction will take place through the negotiating market," said TBIG CFO Helmy Yusman Santoso in information disclosure on Tuesday (8/3).

Provident Consolidated Holdings is an investment holding company affiliated with the company because it has the same controller, PT Provident Capital Indonesia.

The implementation period for the sale of shares resulting from the buyback will begin on March 21, 2022, and will end on March 21, 2023.

The selling price of the buyback shares is not less than the closing price of daily trading on the Exchangeexchange, as the average price of the closing price of daily trading on the Exchange for 90 days.