PT Adaro Andalan Indonesia Tbk is set to embark on a substantial share buyback program, earmarking a maximum of IDR 5 trillion for the initiative. This strategic repurchase is planned to unfold progressively on the Indonesia Stock Exchange (IDX) over a period of up to 12 months, pending crucial approval from the company’s Extraordinary General Meeting of Shareholders (EGMS).
The company formally outlined its intentions in an official disclosure to the IDX, stating, “The company plans to conduct a share buyback amounting to a maximum of IDR 5,000,000,000,000 (five trillion rupiah).” This key detail was highlighted in reports, citing the company’s transparency on the matter.
The execution of this comprehensive share repurchase program will meticulously adhere to a robust framework of prevailing regulations. Key guidelines include Financial Services Authority (OJK) Regulation Number 29 of 2023 concerning Share Repurchases by Public Companies, OJK Regulation Number 15/POJK.04/2020 governing the Planning and Conduct of General Meetings of Shareholders, and the Company Law, which was recently updated through provisions related to the Job Creation Law. This commitment to regulatory compliance underscores Adaro’s responsible approach to market operations.
Looking ahead, the Annual General Meeting of Shareholders (AGMS) is scheduled for May 22, 2026. Should the agenda for the company’s share buyback secure the necessary approval at this crucial meeting, the actual repurchase process is slated to commence immediately thereafter, specifically from May 23, 2026. This clearly defined timeline sets expectations for investors and the market.
However, the implementation of the buyback is subject to certain conditions that could lead to an earlier cessation. The program may conclude prematurely if the allocated funds are fully utilized, the targeted number of shares has been successfully acquired, or if the company itself decides to discontinue the program for strategic reasons.
In the event that PT Adaro Andalan Indonesia Tbk chooses to halt its share repurchase program prematurely, it is committed to upholding transparency. The company will issue a formal disclosure concerning the cessation of the buyback, ensuring full compliance with all applicable laws and regulations governing the capital market.
Providing crucial context, it’s noteworthy that on May 22, 2025, Adaro had previously secured shareholder approval for a share buyback program for the 2025 period. This prior authorization covered a 12-month window, specifically from May 23, 2025, until May 22, 2026. Despite this earlier approval, company records indicate that the planned buyback had not been executed as of March 31, 2026, adding an important historical perspective to the current announcement.