The AGMS Approved the Dividend Distribution of Rp306.05 Billion or 35% Dividend Payout
Jakarta, April 24, 2019 - PT Aneka Tambang Tbk (ANTAM; IDX: ANTM; ASX: ATM) has conducted the Annual General Meeting of Shareholders (AGMS) for the financial year of 2018, which is held at the Flores Ballroom, Borobudur Hotel Jakarta, on Tuesday, April 24, 2019.
On the First Agenda of AGMS, ANTAM's shareholders have approved the Annual Report and ratified the ANTAM's Financial Statement for the Financial Year of 2018, including the Annual Supervisory Report of the Board of Commissioners during the Financial Year of 2018, and therefore approved to fully release and discharge (volledig acquit et de charge) the members of the Board of Directors and the Board of Commissioners from their managerial and supervisory responsibilities in relation to ANTAM during the Financial Year of 2018.
On the Second Agenda of AGMS, the shareholders have ratified the Annual Report of Partnership and Community Development Program for the Financial Year of 2018 and granted the discharged and release (volledig acquit et de charge) the members of the Board of Directors and the Board of Commissioners from their managerial and supervisory responsibilities in relation to ANTAM during the Financial Year of 2018.
With regard to the distribution of dividend that was resolved in the Third Agenda of AGMS, the shareholders have approved to pay final cash dividend of Rp306.05 billion or 35% of ANTAM's income for the year attributable for owners of the parent of the year ended at December 31, 2018. The dividend is equivalent to Rp12.74 per share. ANTAM's shareholders also approved the retained earnings of Rp568.38 billion of 65% of ANTAM's income for the year attributable for owners of the parent of the year ended at December 31, 2018. During 2018, ANTAM posted a significant growth on Company's financial performance. In 2018, ANTAM's Net Profit Reached Rp874.43 billion, a 541% Increased Compared to 2017 Net Profit of Rp136.50 billion. ANTAM also recorded positive Earning Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rp3.33 trillion in 2018, growth by 49% compared to EBITDA Level of Rp2.23 trillion in 2017.
In 2018,ANTAM's net sales reached Rp25.24 trillion, with gold as the largest contributor, amounting to Rp16.69 trillion or 66% of total Company's net sales. Ferronickel sales was the second largest contributor to ANTAM's sales, amounting Rp4.66 trillion equal to 18% of the total sales. In 2019, ANTAM targets ferronickel production volume at 30,280 tones of nickel contained in ferronickel (TNi), a 21% increase compared to 2018 ferronickel production of 24,868 TNi. ANTAM also boosted gold sales target in 2019, targeting 32,036 kg or an 15% jump compared to gold sales volume of 27,894 kg in 2018.
On the Fourth Agenda of AGMS, ANTAM's shareholders approved to grant the authority and power to A-Serries Dwiwarna Shareholder to determine the amount of performance tantiem for the members of the ANTAM's Board of Commissioners for the Financial Year of 2018 and to determine the honorarium, allowances, facilities and other incentives in year 2019 for the members of the Board of Commissioners. On the same Agenda, the shareholders also approved to grant the authority and power to the Board of Commissioner upon obtaining the prior written approval from the A-Serries Dwiwarna Shareholder to determine the amount of performance tantiem for member of the Board of Directors for the Financial Year of 2018 and to determine the salary, allowances, facilities and other incentives in year 2019 for the members of the Board of Director.
On the Fifth Agenda of AGMS, ANTAM's shareholders have approved to appoint Public Accountant Firm Tanudiredja, Wibisana, Rintis & Partners, member of PricewaterhouseCoopers global network in Indonesia to carry out the General Audit on the Consolidated Financial Statements of the Company for the Financial Year of 2019 and other period in Financial Year of 2019, Standalone Financial Statements, carry out the general audit on the Financial Statements of the Partnership and Community Development Programs for the Financial Year 2019, also the Performance Evaluation Statement of the Company for the Financial Year of 2019. The shareholders also approved to grant the authority to the Board of Commissioners of ANTAM to Appoint the Public Accountant from Public Accountant Firm that selected on AGMS. The shareholders also approved to grant the authority to the Board of Commissioners of ANTAM to determine the honorarium of the audit services and other reasonable terms and conditions for the appointment of the mentioned Public Accountant Firm, including to determining a substitute Public Accountant Firm should the selected Public Accountant Firm be unable to complete or continue its works due to any reason whatsoever, including for reasons based on laws/regulations or capital market regulations, or should there be no consensus on the amount of the audit services.
On the Sixth Agenda of AGMS, the shareholders have ratified the Realization Report on the Utilization of the Additional Capital Participation of the State for the period of the Financial Year of 2018.
On the Seventh Agenda of AGMS, the shareholders have approved the Company’s arrangement to distribute the funds of the Partnership and Community Development Programs with the State-Owned Enterprises Synergy Funds scheme as budgeted on the Partnership and Community Development Program Budget of 2019, conducted by giving loans without interest and/or granting the funds of the Partnership and Community Development Programs to the State-Owned Enterprises in the financial services sector specifically established for people’s economy development and empowerment, hereinafter referred to “BUMN Khusus”, to give capital loans and/or do a direct assistance to a micro and small enterprises, with due observance to the prevailing laws. The shareholder also approved to grant the authority to the Board of Commissioners upon obtaining the prior written approval from the A-Series Dwiwarna Shareholder regarding the authority of the General Meeting of Shareholders stipulated under the Regulations of the Minister of State-Owned Enterprises Number: PER-09/MBU/07/2015 as lastly amended with the Regulation of the Minister of State-Owned Enterprises Number: PER-02/MBU/7/2017 and their amendments.
On the Eighth Agenda of AGMS, A-Series Dwiwarna/their proxies Shareholder have approved the change to the composition of the board members of ANTAM and made a Approved the standardization of the structure of the position of the management as follows:
The shareholders honorably dismissed Mr. Bambang Gatot Ariyono and Mr. Robert A. Simanjuntak as a member of ANTAM’s Board of Commissioner. The shareholder also honorably dismissed Mr. Hari Widjajanto as Operation Director, Mr. Johan N.B. Nababan as Human Capital & CSR Director and Mr. Tatang Hendra as Marketing Director. The shareholders also appointed Mr. Dadan Kusdiana as Commissioner, Mr. Arif Baharudin as Commissioner, Mr. Hartono as Director of Operation and Production, Mr. Aprilandi Hidayat Setia as Director of Commerce and Mr. Luki Setiawan Suardi as Director of Human Capital Resources.
The ANTAM’s Board of Commissioners and Directors would like to thank Mr. Bambang Gatot Ariyono, Mr. Robert A. Simanjuntak, Mr. Hari Widjajanto, Mr. Johan N.B. Nababan and Mr. Tatang Hendra for his dedication and best contribution to the Company during his tenure in office as a member of Board of Commissioners and Directors.
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