PT Merdeka Battery Materials Launches IDR 1.7 Trillion Share Buyback Program

PT Merdeka Battery Materials has initiated a share buyback program worth IDR 1.7 trillion in response to recent developments in the battery materials sector. The program, aimed at purchasing up to 1.8 billion shares, seeks to strengthen investor confidence and reflect the company's fundamental value. The buyback, regulated by Indonesia's OJK, began recently and is set to conclude by mid-June 2026, or earlier if the buyback volume is reached sooner.

Published Mar 20, 2026

PT Merdeka Battery Materials has launched a significant share buyback program valued at IDR 1.7 trillion to stabilize its stock price amid sector pressures. The program aims to buy back up to 1.8 billion shares and commenced recently, with a completion deadline of mid-June 2026, or earlier if the target is met.

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This initiative is intended to enhance investor confidence and better represent the company's value in the market. The buyback is being conducted by a broker in compliance with OJK regulations. While the primary ownership structure remains unchanged, the buyback will reduce the free float, potentially decreasing volatility in the market.