Under the prevailing legislation (Company Law No.40/2007), the distribution of dividends must be approved by shareholders at the Annual General Meeting of Shareholders (GMS), based on the Directors’ proposal. The company’s Articles of Association provide that dividends shall be distributed in accordance with the Company’s financial capability, based on the resolutions of the General Meeting of Shareholders. Directors shall have the right to change the dividend policy at any time with consent from the General Meeting of Shareholders.
At the Company’s Annual GMS held on June 22th, 2017 it was resolved to distribute no cash divided for the financial year 2017.
Meanwhile, based on the decision of the Annual GMS held on May 4th, 2016, the company distributed a cash dividend amounting to Rp 6 per-share or Rp 41.346.403.422 for the financial year 2016.
The following illustrates the 2016 dividend payment schedule:
a. Cum Dividend in the Regular and Negotiation market on May 13th, 2016
b. Ex dividend in the Regular and Negotiation market on May 16th, 2016
c. Cum Dividend in the Cash Market on May 18th, 2016
d. Ex Dividend in the Cash Market on May 19th, 2016
e. Recording Date on May 18th, 2016
f. Implementation of the dividend payment on June 9th, 2016