As of December 31, 2008, 490,574,500 shares of Common Stock were purchased under our three stock repurchase plans. This consisted of 118,376,500 shares in 2006, 126,364,000 shares in 2007 and 245,834,000 shares in 2008. Under the third repurchase plan, which began on July 1, 2008 and is not yet completed, the maximum number of shares that may yet be repurchased is 339,443,313.
The following table sets forth certain information concerning purchases of Common Stock by TELKOM for the second and third repurchase plans.
Second Repurchase Plan (12 Months, July 1, 2007 to June 30, 2008)
Period (2008)
Totel Number of Shares Purchased
Average Price Paid per Share in Rp.
Cumulative Number of Shares Purchased as Part of this Plan(1)
Maximum Number of Shares Remaining to be Purchased Under this Plan(2)
January
53,583,000
9,097.75
87,033,000
127,967,000
February
15,286,500
9,619.99
102,319,500
88,997,500
March
23,683,000
9,236.75
126,002,500
88,997,500
June(3)
16,239,500
7,793.97
215,000,000
0
Total
181,550,000
8,930.06
215,000,000
0
Third Repurchase Plan (12 months, July 1,2008 to June 30, 2009)
Period (2008)
Totel Number of Shares Purchased
Average Price Paid per Share in Rp.
Cumulative Number of Shares Purchased as Part of this Plan(4)
Maximum Number of Shares Remaining to be Purchased Under this Plan(5)
July
29,872,500
7,335.43
29,872,500
339,443,313
September
-
-
53,872,500
285,570,813
October
10,411,500
5,924.82
64,284,000
285,570,813
November
-
-
64,284,000
275,159,313
December
-
-
64,284,000
275,159,313
Total
64,284,000
7,233.44
64,284,000
275,159,313
Represents Common Stock repurchased pursuant to our Second Share Repurchase Plan. Under this plan, we were authorized to repurchase up to a maximum of 215 million shares of Common Stock for a total amount not to exceed Rp.2 trillion. Such repurchases were intended to be made from time to time over the 18 month period following the announcement. Repurchases may be made at the discretion of our management through purchases of Common Stock or ADSs on the IDX, the NYSE, off-exchange transactions and agreements, or any other legal means deemed appropriate. Between July and December 2007, the total number shares of Common Stock purchased was 33,450,000. The maximum number of shares of Common Stock that may yet be purchased on December 31, 2007 was 181,550,000.
Represents a maximum of 215,000,000 shares of Common Stock initially available for repurchase under our Second Share Repurchase Plan.
End of the Second Share Repurchase Program.
Represents shares of Common Stock repurchased pursuant to our Third Share Repurchase Plan. Under this plan, we may repurchase Common Stock for a total amount not to exceed Rp.3 trillion, in accordance with the rules and regulations of the Bapepam-LK and the exchanges on which our Common Stock and ADSs trade, as well as other applicable regulators. Such repurchases are intended to be made from time to time over the 18 month period following the announcement. Repurchases may be made at the discretion of our management through purchases of Common Stock or ADSs on the IDX or the NYSE, off-exchange transactions and agreements, or any other legal means deemed appropriate.
Represents a maximum of 339,443,313 million shares of Common Stock initially available for repurchase under our Third Share Repurchase Plan.
Posted on May 28, 2009 Source: TELKOM 2008 Annual Report (filed to Bapepam-LK on May 11, 2009)
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