PT Perintis Triniti Properti Tbk (IDX:TRIN) announces a share repurchase program. Under the program, the company will repurchase shares not exceeding 20% of its issued share capital, such that the minimum outstanding shares are 7.5% of the paid-up and issued capital in the company which must remain owned by the public for IDR 60,000 million. The shares will be repurchased at a lower or equal price with the closing price of the previous trade.

The purpose of share repurchases is to increase shareholder value and maintain public trust by increasing the company's Financial Ratios and increase the company's earnings per share. The share repurchases will be funded from the internal cash. The program is valid till May 23, 2022.