JAKARTA (Yosefardi) – PT Wintermar Offshore Marine Tbk (WINS), an offshore marine services company, plans to buy back 190 million shares, or 5.2% of its enlarged capital, within next 18 months.
As of April 2013, WINS’ issued and paid-up shares capital totaled 3.61 billion, of which PT Wintermarjaya Lestari holds 1.92 billion shares (53.24%), public investors hold 1 billion shares (27.83%), and the rest owned by CIMB Securities and PT Ramanda Daminathan.
As of December 2012, WINS’ profit balance reached US$50.28 million, of which some US$10.5 million will be used to fund the shares buy back.
WINS jumped 5.56% to Rp570 per share at this morning’s close.