JAKARTA - The mining company belonging to conglomerate Garibaldi 'Boy' Thohir, PT Adaro Energy Tbk (ADRO) will distribute an interim dividend of US$350 million or around IDR 5 trillion.

In an information disclosure, quoted on Wednesday, December 22, Adaro Energy's management said that the meeting of the board of commissioners and directors of ADRO on December 20, 2021, has approved the distribution of an interim dividend for the 2021 financial year of US$350 million.

ADRO as of the third quarter of 2021 posted operating revenues of US$ 2.57 billion or around IDR 36.7 trillion. ADRO revenue rose 31 percent year on year (YoY) from the previous US$1.95 billion as of September 2020.

Adaro recorded a net profit of US$420.9 million as of September 2021 or equivalent to IDR 6.01 trillion. The net profit rose 284.81 percent YoY from the previous US$109.38 million.

The following is the schedule for Adaro Energy's interim dividend distribution plan for the 2021 financial year:

- Cum Dividend Date in Regular Market and Negotiated Market: December 29, 2021

- Ex-Dividend Date in Regular Market and Negotiated Market: December 30, 2021

- Cum Dividend Date in Cash Market: 3 January 2022

- Ex-Dividend Date in Cash Market: January 4, 2022

- Dividend Payment Date: January 14, 2022

Adaro's interim dividend will be distributed to shareholders whose names are recorded in the company's Register of Shareholders (DPS) on the record date up to 16:00 WIB. The interim dividend distribution to Adaro's shareholders will be made in rupiah with reference to the Bank Indonesia middle rate on January 3, 2022 as the conversion rate.

"Adaro will announce the conversion rate through the Indonesia Stock Exchange website and the Company's website on January 3, 2022," said Adaro's management.

Due to the ongoing action of the PT Adaro Energy Tbk share repurchase, the value of the dividend per share will be announced on the record date.


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