News & Event

The Annual General Meeting of Shareholders ("AGMS") of PT Indocement Tunggal Prakarsa Tbk. (the "Company") for the 2023 financial year held today, Tuesday, 14 May 2024, in Jakarta, has approved the net profit for the current year 2023 financial year attributable to the owners of the Company's parent entity amounting to IDR 1,950,265,027,950 (one trillion nine hundred fifty billion two hundred sixty-five million twenty-seven thousand nine hundred and fifty Rupiah) as follows:

• Distribute cash dividends to the Company's shareholders in the amount of Rp90 (ninety Rupiah) per 1 (one) share, without taking into account the number of shares controlled by the Company due to the repurchase of shares by the Company (treasury share), with the total dividend value of Rp308,796,605,910 (three hundred eight billion seven hundred ninety-six million six hundred five thousand nine hundred ten Rupiah).
• The remaining net profit for the 2023 financial year after the distribution of the cash dividend will be recorded as part of the undetermined retained earnings balance.
• The Shareholders who are entitled to receive the dividend are those whose names are registered in the Company’s Register of Shareholders on Tuesday, 28 May 2024 at 4 PM Western Indonesian Time.

Regarding to the regulation of the Indonesia Stock Exchange, cum dividend period for regular market and negotiation market on Wednesday, 22 May 2024; and its ex-dividend on Monday, 27 May 2024. Meanwhile cum dividend for cash market on Tuesday, 28 May 2024 and its ex-dividend on Wednesday, 29 May 2024. Dividend payment shall be distributed starting Friday, 14 June 2024. Tax for cash dividend will be applied according to Indonesian taxation regulation.

The Shareholders approved the Changes of the members of management of the Company as follows:

• To approve and accept the resignation of Mr. Kevin Gerard Gluskie as the President Commissioner of the Company effective as of the closing of this Meeting, accompanied with gratitude for his services during his tenure as the President Commissioner of the Company, and appointed Mr. Roberto Callieri to replace Mr. Kevin Gerard Gluskie as a President Commissioner of the Company as of the closing of this Meeting, for the remaining term of office of Mr. Kevin Gerard Gluskie.
• To approve the appointment of Mr. Kevin Gerard Gluskie as a Commissioner of the Company as of the closing of this Meeting.
• To approve the re-appointment of member of the Board of Commissioners and member of the Board of Directors, including member of the Independent Commissioners, whose term of office end at the closing of this Meeting, except for Mr. Sutijastoto.

Thus, composition of the Board of Commissioners and Board of Directors as of the closing of this Meeting up to  the closing of the Company’s Annual General Meeting of Shareholders for financial year 2026, to be convened in 2027, except for Mr. Roberto Callieri, will be ended until the closing of the Company’s Annual General Meeting of Shareholders for financial year 2025 to be convened in year 2026, and Mr. David Jonathan Clarke, will be ended until the closing of the Company’s Annual General Meeting of Shareholders for financial year 2024 to be convened in 2025. Thus, the composition of the Board of Commissioners and the Board of Directors are as follows:

Board of Commissioners

• President Commissioner: Roberto Callieri
• Vice President Commissioner/Independent Commissioner: Tedy Djuhar
• Vice President Commissioner/Independent Commissioner: Simon Subrata
• Commissioner: Franciscus Welirang
• Commissioner: Juan Francisco Defalque
• Commissioner: René Samir Aldach
• Commissioner: Kevin Gerard Gluskie

Board of Directors

• President Director: Christian Kartawijaya
• Vice President Director: Benny Setiawan Santoso
• Director: Hasan Imer
• Director: Troy Dartojo Soputro
• Director: David Jonathan Clarke
• Director: Oey Marcos
• Director: Holger Mørch

The Extraordinary Meeting of Shareholders (“EGMS”) of PT Indocement Tunggal Prakarsa Tbk. for 2024 has approved the transfer of the Company's Coal Mining Business License to the Company's Subsidiaries, namely PT Makmur Abadi Perkasa Mandiri and approved the Company’s Shares Buyback at maximum estimated fee of Rp895,000,000,000 from 15 May 2024 until 31 December 2024. 

The press release for this activity can be downloaded here!