Telkom Indonesia (NYSE: TLK) updates Article 62 share buyback outcome results
Rhea-AI Filing Summary
PT Telkom Indonesia (Persero) Tbk reports the result of a shareholder share buyback right connected to its 2025 extraordinary general meeting. Under Article 62 of Indonesian company law, shareholders who voted against the agenda to approve a partial separation of the wholesale fiber connectivity business and assets (Phase-1) into 99.99%-owned subsidiary PT Telkom Infrastruktur Indonesia could request the company to repurchase their shares.
The company states that the deadline for submitting statements of intent to sell, on December 16, 2025 at 17:00 Western Indonesia Time, passed with no shareholders submitting such statements. It considers that this outcome will not have any material adverse impact on its business continuity.
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FAQ
What did PT Telkom Indonesia (TLK) report in this Form 6-K?
PT Telkom Indonesia reported the outcome of a share buyback right provided under Article 62 of Indonesian company law, stating that no shareholders submitted requests for the company to repurchase their shares.
What corporate action triggered the Article 62 share buyback right at PT Telkom Indonesia (TLK)?
The right arose from an agenda at the 2025 Extraordinary General Meeting of Shareholders to approve a partial separation of the wholesale fiber connectivity business and assets (Phase-1) as part of a plan to transfer all such business and assets to PT Telkom Infrastruktur Indonesia, a 99.99%-owned subsidiary.
How many shareholders used the Article 62 share buyback right at PT Telkom Indonesia?
According to the report, no shareholders submitted a Statement of Sale of Shares to the company by the applicable deadline.
When was the deadline to submit statements of intent to sell shares to PT Telkom Indonesia?
The company states that the deadline for submitting statements of intent to sell in connection with the share buyback was December 16, 2025 at 17:00 Western Indonesia Time.
What date does PT Telkom Indonesia list as the event date for this share buyback report?
The event date for the Report on the Results of the Share Buyback is listed as December 17, 2025.
Does PT Telkom Indonesia expect this share buyback report to affect its business continuity?
The company states that it considers this Report on the Results of the Share Buyback will not have any material adverse impact on its business continuity.
