ADRO Sets Final Offer Price for AADI Share Buyback Above IPO Price
Adaro Resources Sets Final Offer Price for Adaro Andalan Shares at $0.596
Jakarta, Indonesia – PT Alamtri Resources Indonesia Tbk (ADRO) has announced a final offer price of $0.596 per share for its public offering of shares in PT Adaro Andalan Indonesia Tbk (AADI).This price represents 107.5% of the valuation determined by autonomous appraisal firm Kusnanto and Rekan. The decision comes after the average weighted price of AADI shares on the Indonesia Stock Exchange (IDX) on December 5, 2024, reached $0.665, exceeding 107.5% of the appraised value.
“Given the strong market performance of AADI shares on their listing day, we have set the final offer price at 107.5% of the independent appraisal,” said Mahardika putranto, Secretary of Alamtri Resources Indonesia.
While the offer price is above AADI’s initial public offering (IPO) price of $0.555, it falls below the closing price on its frist trading day.
The public offering will run from December 6 to December 10, 2024. Investors should note that the final offer price does not include transaction costs of 0.18% of the execution price, as detailed in the offering prospectus.This move by Alamtri Resources Indonesia allows existing shareholders to participate in the growth of Adaro Andalan Indonesia,a key player in the Indonesian energy sector.
Adaro Resources Determines Final Offer Price for Adaro Andalan Shares at $0.596
Jakarta, Indonesia – Following strong market performance on its listing day, PT Alamtri Resources Indonesia Tbk (ADRO) has announced a final offer price of $0.596 per share for its public offering of shares in PT Adaro Andalan Indonesia Tbk (AADI). This price represents 107.5% of the valuation determined by independent appraisal firm Kusnanto and Rekan.
“given the strong market performance of AADI shares on thier listing day, we have set the final offer price at 107.5% of the independent appraisal,” said Mahardika Putranto, Secretary of Alamtri Resources Indonesia.
Even though exceeding AADI’s initial public offering (IPO) price of $0.555, the final offer price falls below the stock’s closing price on its first trading day, when it reached $0.665.
The public offering period will run from December 6 to December 10, 2024. Investors should note that the final offer price does not include transaction costs of 0.18% of the execution price, as detailed in the offering prospectus. This move by Alamtri Resources Indonesia aims to allow existing shareholders to participate in the growth of Adaro Andalan Indonesia, a important player in the Indonesian energy sector.