TBIG Holds Annual General Meeting of Shareholders and Announces 2019 Total Cash Dividend of Rp606 billion

Posted on 18th May 2020

JAKARTA, 18 May 2020 - PT Tower Bersama Infrastructure, Tbk. ("TBIG") held its Annual General Meeting of Shareholders (AGMS) today at the Company’s head office at the Convergence Indonesia in Jakarta. The AGMS was attended by the Company’s shareholders primarily through proxy and e-proxy and achieved the required quorum.

The financial statements and Annual Report for the year ending 31 December 2019 were accepted, ratified as well as approved in the AGMS.

The AGMS approved the Final Cash Dividend of Rp606 billion, therefore the allocation of net profit for Financial Year 2019 is as follows: Rp500 million allocated for general reserves, Rp606 billion allocated as Cash Dividend for Financial Year 2019 and the remaining amount allocated to Retained Earnings.

The Company currently holds 1,025,945,500 shares as treasury shares.  Adjusting for these treasury shares, the Cash Dividend will be Rp 28 per share. The Cash Dividend will be paid on 19 June 2020 to all shareholders on record as of the close of business on 3 June 2020 with cum dividend (last trading day entitled to receive dividend) on 29 May 2020.

The AGMS authorized the Board of Commissioners to appoint a Public Accountant to audit the Company’s Financial Statement for the Financial Year ending on 31 December 2020.  The Board of Commissioners was also authorized to determine the salary and benefits for members of the Board of Directors as well as the salary or honorarium and benefits accorded to the Board of Commissioners for the financial year 2020.

Shareholders approved the re-appointment of all the Company’s Board of Directors.  Shareholders approved the appointment of a new independent member to Company’s Board of Commissioner, Mr. Ludovicus Sensi Wondabio.  The composition of the Board of Commissioners is now:

Board of Commissioners

President Commissioner       : Edwin Soeryadjaya

Commissioner                        : Winato Kartono

Independent Commissioner  : Wahyuni Bahar

Independent Commissioner  : Ludovicus Sensi Wondabio

Finally, shareholders approved the amendment to the Company’s Articles of Association to conform with the newly issued Financial Services Authority (OJK) Rule No. 15/POJK.04/2020 regarding the Plan and Implementation of the General Meeting of Shareholders of the Public Company and Financial Services Authority (OJK) Rule No. 16/POJK.04/2020 regarding the Implementation of General Meeting of Shareholders of Public Company Electronically.

 

About PT Tower Bersama Infrastructure Tbk:

PT Tower Bersama Infrastructure Tbk (“TBIG”), is a provider of telecommunications infrastructure for the placement of BTS by telecommunications operators in Indonesia.

TBIG is publicly listed on the Indonesian Stock Exchange and is majority owned by Saratoga Group and Provident Capital.

 

For more information contact:

Corporate Secretary:

Helmy Yusman Santoso – Tower Bersama Group

Telp. (62-21) 2924 8900

Email: corporate.secretary@tower-bersama.com

Investor Relations:

Veronica Jordan

Telp. (62-21) 2924 8900

Email: veronica.jordan@tower-bersama.com

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