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20250304_LPPF_Laporan Informasi dan Fakta Material_31866195_lamp3.pdf
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DISCLOSURE OF INFORMATION
SHARES BUYBACK PLAN
PT MATAHARI DEPARTMENT STORE TBK
(“Company”)
PT Matahari Department Store Tbk
Business Activity:
Retail Trading
Head Office: Operational Head Office:
Sopo Del Office Towers & Lifestyle Tower B, Menara Matahari 12th Floor
18th Floor, Jl. Mega Kuningan Barat III, Lot 10. Jl. Bulevar Palem Raya No.7
1-6, Kawasan Mega Kuningan, Kelurahan Karawaci,Tangerang 15811
Kuningan Timur, Kecamatan Setiabudi, Indonesia
South Jakarta, DKI Jakarta, Indonesia Telepon : +62 21 547 5228
Email: corp.comm@matahari.com
www.matahari.com
A. Introduction
The Company plans to carry out buyback of the shares that have been issued by the
Company and are listed on the Indonesia Stock Exchange (“IDX”) (“Shares Buyback”).
Shares Buyback will be carried out with reference to the provisions stipulated in Law No.
40 of 2007 concerning Limited Liability Company, Law No. 8 of 1995 concerning the
Capital Market, and Financial Services Authority Regulation No. 29 of 2023 concerning
Buyback of Shares Issued by Public Companies (“POJK 29/2023”).
B. Estimated Schedule, Estimated Cost of Shares Buyback, and Estimated Total Nominal
Value of All Shares to be Repurchased
- Estimated Schedule
Shares Buyback will be conducted after the Company obtains approval from the
Company’s Annual General Meeting of Shareholders (“AGMS”) that will be held on
Thursday, 10 April 2025. The implementation of the Shares Buyback shall be conducted
in maximum 12 months from the date of AGMS.
- Estimated Shares Buyback Cost
The total cost to be incurred for the implementation of the Shares Buyback is a
maximum of IDR 150,000,000,000 (one hundred and fifty billion Rupiah), including
brokerage fees and other costs related to the Shares Buyback.
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- Estimated Nominal Value of Shares Buyback
Shares Buyback will be carried out for a maximum of 10% of the Company's issued
and paid-up capital and will be conducted on Series C shares.
C. Explanation, Considerations, and Reasons for the Share Buyback
The Shares Buyback is part of the Company’s effort to improve shareholders’ value of the
Company that will give greater flexibility to the Company in managing its capital to
achieve a more efficient capital structure.
D. Estimated Decline in the Company's Revenue as a Result of the Implementation of the
Shares Buyback and the Impact on the Company's Financing Costs
The Company expects that there will be no significant decline in the Company's revenue
as a result of the implementation of the Shares Buyback and no significant impact on the
Company’s financing costs.
E. Proforma Earnings per Share of the Company After the Plan to Shares Buyback is
Implemented, taking into account the Decline in Revenue
The Company recorded earnings per share as of 31 December 2024, amounting to
IDR 366, while the proforma earnings per share if the Shares Buyback were carried out
(assuming the maximum number of share repurchases was made) is IDR 407. The
Company will announce its 2024 results and updated 2024 earnings per share on March
7, 2025.
F. Limitation of Share Price for Shares Buyback
The price of the Shares Buyback shall refer to the prevailing laws and regulations.
G. Limitation of Period for Shares Buyback
Shares Buyback is planned to be carried out no later than 12 (twelve) months after the
Company obtains approval from AGMS.
H. Method to be used for Shares Buyback
Shares Buyback will be conducted either through the IDX or outside the IDX by taking into
account the provisions of the prevailing laws and regulations.
I. Management Discussion and Analysis Regarding the Effect of Shares Buyback on the
Company's Business Activities and Growth in the Future
The implementation of the Shares Buyback is expected not to affect the Company's
business activities and operations because the Company already has sufficient working
capital to carry out the Company's business activities.
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J. Source of Funds to be Used for Share Buyback Implementation
The Company ensures that the funds to be used for the share buyback implementation
are entirely sourced from the Company's internal funds and not from the proceeds of a
public offering or funds originating from loans and/or any form of debt. Furthermore, the
source of these funds will not have a significant impact on the company’s ability to fulfill
its future financial obligations.
If the shareholders of the Company require further information, please contact the Company
on working days and hours through the address or contact number as stated above. This
Disclosure of Information has been prepared to comply with the provisions of POJK 29/2023.
Jakarta, March 4, 2025
The Company’s Board of Directors
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MATAHARI DEPARTMENT STORE TBK
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Financial Services Authority
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