All issued and fully paid shares in the Company, including shares to be offered in this public offering, have the same rights and equal in all respects, including the right to dividends. The Company does not have a negative covenant related to the distribution of dividends that can harm public shareholders.
The quantum of dividend will be ascertained considering the results of the operations, cash flows and the capital adequacy, financial condition, investment plans, the establishment of a reserve fund compliance obligation, the Company’ outlook for the future, compliance with the applicable laws and regulations, and approval of the GMS.
The Board of Directors may alter the dividend policy at any time after obtaining the approval of the GMS. In terms of dividend distribution in the next year, Company shall refer to POJK No. 32/POJK.04/2014 whereas dividend distribution will be carried out within 30 days after the decision of GMS.
Below is the dividend distribution chronology since the establishment: