From Malay Mail · · 1m
Indonesia extends share buyback policy until June 2027
Indonesia's financial regulator lifts share buyback restrictions for listed firms until June 2027.
In brief
Indonesia's financial regulator lifts share buyback restrictions for listed firms until June 2027. Indonesia's Financial Services Authority extended the policy allowing listed companies to buy back shares without shareholder approval until June 2027 from the previous deadline of late 2026. Originally reported by Malay…
Indonesia's financial regulator extends share buyback policy
Indonesia's Financial Services Authority extended the policy allowing listed companies to buy back shares without requiring general meeting of shareholders approval until June 2027.
Policy change responds to issuer requests
The extension responds to requests from issuers seeking timeframe certainty as many consider their current share price levels favourable for buybacks.
Buyback rules must comply with regulations
Share buyback executions must strictly comply with financial services authority regulations requiring issuers to adhere to prudential principles, ensure financial capability, and fulfil information disclosure obligations.
Rules aim to bolster market stability
The rules require issuers to adhere to prudential principles, ensure financial capability, and fulfil information disclosure obligations to bolster market stability and investor confidence.
The main idea
Indonesia's Financial Services Authority extended the policy allowing listed companies to buy back shares without shareholder approval until June 2027 from the previous deadline of late 2026.
