Riady’s Family Buys 1 Million Multipolar Shares (MLPL)

Bisnis.com, JAKARTA – The family of tycoon Mochtar Riady through PT Inti Anugrah Pratama (IAP) added 1 million shares of PT Multipolar Tbk. (MLPL).

Director of Multipolar Agus Arismunandar said that IAP as the main shareholder of MLPL increased its ownership by 1 million shares. Purchase transactions are made on 18 June 2021-21 June 2021.

“The purpose of investment transactions with direct ownership status,” he explained on the IDX website, Thursday (24/6/2021).

The average purchase price of MLPL shares is Rp. 684, bringing the total transaction to Rp. 684 million. The number of shares purchased is equivalent to 0.007 percent, so that IAP now holds 66.47 percent of MLPL’s shares from 66.46 percent previously.

Yesterday, MLPL’s stock was perched at the level of Rp730. Throughout 2021, MLPL shares shot up 928.17 percent, with a market capitalization of IDR 10.69 trillion.

Previously, MLPL stated that it was ready to fund a maximum of IDR 425 billion for the buyback of shares. The number of shares that will be repurchased is a maximum of 10 percent of the paid-up and issued capital of the company or a maximum of 1,463,963,247 shares.

MLPL said the maximum buyback price was Rp720 per share. Meanwhile, the buyback is planned to be carried out from July 21, 2021 to January 20, 2023.

“The source of funds that will be used for the buyback is the company’s internal funds,” said Agus.

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