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Stock and Dividend Policy

Stock Listing Chronology

 

Since the IPO was conducted in 1990, the Company has several times registered its shares in Indonesia Stock Exchange. Below is the sequence of Company’s Shares listing;

 

On September 22, 1990, the Company obtained an effective statement from Bapepam and LK by letter No. SI 131/SHM/MK.10/1990 for offering shares to public of 2,687,500 (two billion six hundred eighty-seven thousand and five hundred) shares originated from 2,140,000 (two million one hundred and forty thousand) new shares and the sale of 547,500 (five hundred forty-seven thousand and five hundred) shares owned by the old shareholders, of the nominal value Rp1,000 (one thousand Rupiah) per share, at the offer price of Rp14,300 (fourteen thousand and three hundred Rupiah) per share by the capital market in Indonesia (Company’s Initial Share offering). The Company started having its shares listed in Indonesian Stock Exchange (formerly Jakarta Stock Exchange) on October 30, 1990.

 

In 1991 the Company increased the subscribed and paid-up capital from formerly Rp21,500,000,000 (twenty-one billion and five hundred million Rupiah) to Rp25,800,000,000 (twenty-five billion and eight hundred million Rupiah) by the issue of bonus shares to the Company’s shareholders, based on Deed of Minutes of Extraordinary RUPS No. 36 dated 17 May 1991, drawn up by Hendra Karyadi, SH., Notary Public in Jakarta (Deed No. 36 dated 17 May 1991).

 

In 1992, the Company increased the subscribed and paid-up capital from Rp25,800,000,000 (twenty-five billion and eight hundred million Rupiah) to Rp30,960,000,000 (thirty billion nine hundred and sixty million Rupiah) by the issue of bonus shares to the Company’s shareholders, based on Deed of Minutes of Extraordinary RUPS No. 42 dated 25 May 1992, drawn up by Hendra Karyadi, SH., Notary Public in Jakarta (Deed No. 42 dated 25 May 1992).

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In 1994, the Company increased the Company’s authorized capital from Rp40,000,000,000 (forty billion Rupiah) to Rp150,000,000,000 (one hundred and fifty billion Rupiah) and increased the Company’s subscribed and paid-up capital from Rp30,960,000,000 (thirty billion nine hundred and sixty million Rupiah) to Rp49,536,000,000 (forty-nine billion five hundred and thirty-six million Rupiah) by the issue of bonus shares, based on Deed of Statement of Meeting Decision No. 17 dated 3 June 1994 in conjunction with Deed of Amendment No. 44 dated 29 August 1994, both were drawn up before Hendra Karyadi, SH., Notary Public in Jakarta, which obtained approval of the Minister of Justice of Republic of Indonesia No. C2-13.049 HT.01.04.Th’94 dated 30 August 1994, registered in the register book for that purpose in the office of District Court of West Jakarta under No. 1796/1994 and No.1797/1994, both dated 7 September 1994, announced in the State Gazette of RI No. 21 dated 14 March 1995, Supplement No. 2494 (Deed No. 17 dated 3 June 1994 in conjunction with Deed No. 44 dated 29 August 1994);

 

In 2012, the Company decided to split the Company’s shares nominal value from Rp1,000 to Rp100 per share, and to increase the number of shares issued by the Company from 49,536,000 shares to 495,360,000 shares, based on Deed of Amendment to Articles of Association No. 9 dated 20 June 2012, drawn up before Sinta Dewi Sudarsana, SH., Notary Public in West Jakarta, which notification of the amendment to the articles of association was received by the Minister of Law and Human Rights of Republic of Indonesia based on Letter No.AHU- AH.01.10-26231 dated 18 July 2012, registered in the Company Register under No. AHU-0064947. AH.01.09.Th.2012 dated 18 July 2012 (Deed No. 9 dated 20 June 2012). All shares issued have been listed on Indonesia Stock Exchange.

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In 2014, the Company decided to split the Company’s shares nominal value from Rp100 to Rp50 per share, and to increase the number of shares issued by the Company from 495,360,000 shares to 990,720,000 shares, based on Deed of Amendment to Articles of Association No. 11 dated June 20, 2014, drawn up before Muliani, SH, M.Kn., Notary Public in North Jakarta, which notification on amendment to the articles of association was received by the Minister of Law and Human Rights of Republic of Indonesia based on Letter No. AHU-03381.40.21.2014 dated June 20, 2014, registered in the Company Register under No. AHU-42638.AH.01.02.Th.2011 dated June 20, 2014 (Deed No. 11 dated June 20, 2014). All shares issued have been listed in Indonesia Stock Exchange. Deed No. 11 dated June 20, 2014, is the last deed of amendment to the Company’s articles of the association until the date of this Prospectus.

 

In 2015, based on the results of the General Meeting Extraordinary Shareholders (EGM) held on June 10, 2015, the Company executing corporate actions (Corporate Action) with the Limited Public Offering (LPO)/Right Issue by issuing new shares in the portfolio amount 41.28 million shares. Thus, increase the number of shares issued by the Company into 1.032 billion shares and have been recorded in the PT Indonesia Stock Exchange on July 8, 2015.

 

In October 2016, the Company decided to split the Company’s share nominal value from Rp50 to Rp5 per share and to increase the number of shares issued by the Company to 10.320.000.000 shares. 

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Here is a history of the listing of shares of the Company until 31 December 2019.

Date of Listing
Share of Listing
Share Addition / Reduction 
Shares Accumulated
Ammount
October 20, 2016
Split Stock (1:10)
9,288,000,000
10,320,000,000
July 8, 2015
PUT/Right Issue
41,280,000
1,032,000,000
July 25, 2014
Split Stock (1:2)
495,360,000
990,720,000
August 9, 2012
Split Stock (1:10)
445,824,000
495,360,000
November 8, 1994
Bonus Shares (5: 3)
18,576,000
49,536,000
July 29, 1992
Bonus Shares (5: 1)
5,160,000
30,960,000
June 12, 1991
Bonus Shares (5: 1)
4,300,000
25,800,000
October 30, 1990
IPO
21,500,000
21,500,000

Dividend Policy

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In 2023, The Company’s dividend policy is based on the availability of cash and withheld profits, after calculated deductions for operating costs, loan paybacks and capital expenditures.

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Below are the details of Company's dividend division for the last 5 years:

Dividend Interim/
Final of Fiscal Year
Payment Year
Date of AGMS/ Circular Decisions of BOC
Payment Date
Dividend per Shares
(Rp)
Number of Shares
 
Dividend Amount
(Rp)
Dividen Interim 2023
2023
13-Nov-23
14-Dec-23
9
10,320,000,000
92,880,000,000
Dividen Final 2022
2023
5-Apr-23
16-Jun-23
10
10,320,000,000
103,200,000,000
Dividen Interim 2022
2022
18-Nov-22
12-Dec-22
10
10,320,000,000
103,200,000,000
Dividen Final 2021
2022
25-May-22
22-Jun-22
7
10,320,000,000
72,240,000,000
Dividen Interim 2021
2021
19-Nov-21
15-Dec-21
5
10,320,000,000
51,600,000,000
Dividen Final 2020
2021
17-May-21
16-Jun-21
5
10,320,000,000
51,600,000,000
Dividen Final 2019
2020
30-Jul-20
26-Aug-20
3
10,320,000,000
30,960,000,000
Dividen Interim 2019
2019
7-Nov-19
10-Dec-19
3
103,200,000,000
30,960,000.000
Kebijakan Dividen
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