Indocement Distributes Dividends Of IDR 548.97 Billion To Shareholders

JAKARTA - The annual general meeting of shareholders (AGMS) of PT Indocement Tunggal Prakarsa Tbk agreed to distribute dividends worth IDR 548.97 billion to the company's shareholders.

"Distributed a total cash dividend to the company's shareholders of Rp548.97 billion, without taking into account the number of shares controlled by the company due to the buyback of shares," said Director and Secretary of Indocement Antonius Marcos as quoted Thursday, May 18.

Marcos explained that the AGMS approved the use of the company's net profit for the 2022 financial year of IDR 1.842 trillion.

Then, he continued, the remaining net profit for the year of the 2022 financial year after the distribution of the cash dividend will be recorded as part of the retained earnings balance that has not been determined for use.

"Shareholders who are entitled to cash dividends are shareholders whose names are recorded in the company's shareholder register on Tuesday (30/5/2022) at 16.00 WIB," he explained.

Marcos explained that dividend payments will be made starting June 8, 2023 and taxes on cash dividends will be applied in accordance with tax provisions in force in Indonesia.

In addition, shareholders also agreed to appoint FX Sutijastoto to replace Lorenz Nager, who has entered retirement to become a member of the board of commissioners.

Then, the shareholders agreed to appoint Holger Morch as director starting from the closing of the AGMS, until the closing of the AGMS for the 2023 financial year, which will be held in 2024.

Then, shareholders also agreed to reappointed Kevin Gerard Gluskie as the main commissioner for the term of office starting from the closing of the AGMS until the closing of the AGMS for the 2025 financial year, which will be held in 2026.