PT Medikaloka Hermina Tbk (IDX:HEAL) announces a share repurchase program. Under the plan, the company will repurchase up to 80,000,000 shares. The shares will be repurchased at a maximum price of IDR 1,450 per share.

The purpose of the program is to stabilize prices in fluctuating market conditions and provide flexibility for the company in managing long-term capital, where treasury shares can be sold in the future at an optimal value if additional capital is required. The program will be valid till February 24, 2022.