AGM of Shareholders 2022
SOLID PERFORMANCE AND AMPLE LIQUIDITY, PSSI TO DISTRIBUTE DIVIDEND FOR SHAREHOLDERS
PT Pelita Samudera Shipping Tbk (“The Company”, “PSS”, IDX code: PSSI) has held its Annual General Meeting of Shareholders (AGMS) of which all agendas are approved by shareholders.
One of the agenda approved at the AGMS is to Approve the use of the Company’s Net Profit for the fiscal year 2021 of USD 25 million as follows:
Approximately 5% of Net Profit of USD1.3 million or equivalent to Rp17.9 billion is determined as the Company’s reserve fund in accordance with Article 70 paragraph (1) of the Limited Liability Company Law;
Approximately 41% of net profit of USD10.2 million or equivalent to IDR147 billion was distributed as cash dividends of IDR28 per share to shareholders whose names were listed in the Company’s Shareholder Register on May 25, 2022 at 16.00 Western Indonesia Time (“Recording Date“), taking into account the Regulation of PT Bursa Efek Indonesia for stock trading on the Indonesia Stock Exchange, with the note that for the Company’s shares located under collective custody, the following provisions apply:
- Cum Dividend Stock Exchange Trading Date in Regular and Negotiated Market on May 23, 2022;
- Ex Dividend Stock Exchange Trading Date in Regular and Negotiated Market on May 24, 2022;
- Cum Dividend Stock Exchange Trading Date – Spot Market on May 25, 2022;
- Ex Dividen Stock Exchange Trading Date in Spot Market on May 27, 2022.
- Payment of cash dividends to eligible shareholders will be carried out no later than June 16, 2022.
Approximately 54% of Net Profit or US$13.5 million or equivalent to IDR192.9 billion is recorded as profit held by the Company or retained earnings.