PT Ultrajaya Milk Industry & Trading Company Tbk. (IDX:ULTJ) announces a share repurchase program. Under the program, the company will repurchase up to IDR 1,900,000 million worth of its shares. The shares will be repurchased at a price of IDR 1,600 per share. The purpose of the program is to to increase shareholder value and the performance of the company's shares so that it will provide great flexibility to the company in managing capital to achieve a more efficient capital structure. The repurchased shares will be held in treasury. The plan is valid for 3 months till September 25, 2020.