Information Disclosure on the Transfer of Shares Acquired from Share Buyback

Apr 28, 2022
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Information Disclosure on the Transfer of Shares Acquired from Share Buyback of PT Harum Energy Tbk (“the Company”)

This Information Disclosure on the Transfer of Shares Acquired from the Company Share Buyback is prepared to fulfill the requirements under Financial Services Authority (“OJK”) Regulation No. 30/POJK.04/2017 regarding Buyback of Shares Issued by Public Listed Company (“POJK No. 30/2017”).

Until July 2020, the Company has conducted a share buyback of the Company’s shares for total of 177,352,800 shares (“Treasury Shares”). Subsequently, on 18 August 2021, the Company announced its plan to sell/transfer part of the Treasury Shares starting from 1 September 2021. As of the date of this information disclosure, the Company has sold/transferred its Treasury Shares amounting to 136,982,100 shares through transactions in the Indonesia Stock Exchange (“IDX”).

Having completed the sale/transfer of part of the Treasury Shares, the Company now intends to sell/transfer the remainder of the Treasury Shares which it still owns, amounting to 40,370,700 shares (“Outstanding Treasury Shares”).

In relation to such plan to sell/transfer the Outstanding Treasury Shares, with reference to Article 23 POJK No. 30/POJK.04/2017 (“POJK  30/2017”), the Company is required to publish a disclosure of information to the public and submit the evidence of such publication and supporting documents to the OJK no later than 14 (fourteen) days prior to the sale of such Treasury Shares.

The sale/transfer of the Treasury Shares will be conducted through the IDX, with the following details:

  1. Maximum Number of Sale Shares                         : 40,370,000 shares("Outstanding Treasury Shares)
  2. Implementation Period for Transfer of Shares    : 12May 2022 – 11 May 2023
  3. Implementing Exchange Member                        : PT Ciptadana Sekuritas Asia

The implementation of sale/transfer of the Outstanding Treasury Shares will also refer to the provisions of POJK 30/2017, among others:

  1. Based on Article 26 POJK 30/2017, the sale/transfer of the Outstanding Treasury Shares will be implemented based on the following conditions:
    1. the sale transaction must be executed through 1 (one) Stock Exchange Member;
    2. the sale transaction can only be made after 30 (thirty) minutes from the opening until 30 (thirty) minutes before the close of trading; and
    3. the number of shares sold on a daily basis is not more than 20% (twenty percent) of the total amount shares that have been bought back by the Company.
  2. Based on Article 20 paragraph a. POJK  30/2017, the sale/transfer price of the Sale Shares of the Company, must not be lower than the daily closing price on the Indonesia Stock Exchange 1 (one) trading day prior to the date of the shares sale, or the average price of the daily closing price on the Indonesia Stock Exchange for the last 90 (ninety) days prior the date of the sale of shares by the Company, whichever is higher

Jakarta, 28 April 2022

The Board of Directors of

PT Harum Energy Tbk.