January 20, 2021

BCA sold 90.99 million shares to Credit Suisse and Deutsche Bank

JAKARTA – PT Bank Central Asia Tbk (BCA) has sold as many as 90.99 million shares of treasury stock, which is partly owned by the company.

In a disclosure on the Indonesia Stock Exchange (BEI), the sale of shares was made on August 7, 2012. Buyers of shares BCA itself is Credit Suisse (Hong Kong) Limited and Deutsche Bank AG, Hong Kong Branch.

“Buyers are not affiliated with the company,”

Performed at Rp7.700 sales price per share. Price it no lower than Rp7.624 per share which is the average closing price during the 90 days before the date of the sale. Price Rp7.700 per share represents the closing price the day before the date of the sale.

BCA has been in organizing two share repurchase program (buyback). First on 17 January to 31 October 2006, the number of shares bought back 90.99 million shares. Second, on February 11 to November 15, 2008. The Company managed to buy 198.78 million shares.

“The company must sell all shares of treasury stock at the latest on 15 November 2013,”