PT United Tractors Tbk (IDX:UNTR) announces a share repurchase program. Under the program, the company will repurchase up to IDR 5,000,000 million worth of its shares. The purpose of the program is to stabilize the company's share price in a fluctuating market condition, to provide investors with confidence in the fundamental value of the company's shares, to provide flexibility for the company in managing long-term capital.

The program will be funded from the company's working capital and cash flow. The repurchased shares will be transferred. The program will expire on October 12, 2022.