PT Unilever Indonesia Tbk (IDX:UNVR) announces a share repurchase program. Under the program, the company will repurchase repurchase up to 20% of the Company's paid-up capital. The shares will be repurchased at a price IDR 1,700 per share.
The purpose of the program is to increase long term value for the shareholders. The company will use its internal cash and not funds derived from loans or public offerings. The Company will transfer the shares resulting from the Buyback with due observance of the provisions of OJK Regulation No.
13/2023, OJK Regulation No. 29/2023, and/or other applicable laws and regulations. The program will be valid until October 30, 2025.
PT Unilever Indonesia Tbk is an Indonesia-based fast-moving consumer goods (FMCG) company. The Company is engaged in the manufacturing, marketing, and distribution of consumer goods, including soaps, detergents, dairy based foods, ice cream, cosmetic products, tea-based beverages and fruit juice, and office space leasing. The Company's segments include Home and Personal Care and Foods and Refreshments. The Home and Personal Care segment includes cleaning products, which are used in the household and cosmetic products. The Foods and Refreshments segment includes food and beverage products, including ice cream. The Company operates approximately 40 brands. Some of its brands are Lifebuoys, Sunlight, Pepsodent, Bango, Rexona, Wall's, Sunsilk, Clear, Dove, Royco, Vaseline, SariWangi, Rinso, Glow & Lovely, and Buavita.
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