- In an effort to harmonize provisions that relate to the implementation of corporate actions and to accommodate recent business developments, the Board of Directors of PT Bursa Efek Indonesia has issued Decree No. Kep-00077/BEI/09-2021 on the Amendment to Provisions on the Distribution of Share Dividends, Bonus Shares and Interim Dividends ("Decree 77/2021").
- The recording of the dates of shares within the shareholder register in relation to determinations of the rights of shareholders to receive share dividends and bonus shares must be completed within eight trading days after any decision of a general meeting of shareholders approving the distribution of share dividends and bonus shares.
- Any deadline for the distribution of stock dividends and bonus shares must be implemented in line with provisions set under Regulation of the Financial Services Authority No. 27/POJK.04/2020 on Bonus Shares.
- Listed companies are required to announce all matters that relate to the distribution of interim dividends, including the schedules of interim dividends, within two trading days of dates of approvals being secured from boards of commissioners on decisions of boards of directors regarding the distribution of interim dividends.
- The recording of dates of shares within the shareholder register in relation to determinations of the rights of shareholders to receive interim dividends must be completed within eight trading days after announcements of interim dividend schedules.
- Announcements of interim dividend schedules must be completed during the current year. Moreover, within 30 days of any such announcement of interim dividend schedules, the relevant interim dividend payments must be completed.
- The types of financial statements that can be used by listed companies as the basis for the distribution of interim dividends break down as follows: 1) Quarterly interim financial statements; or 2) Financial statements for non-quarterly periods that have been audited or reviewed on a limited basis by public accountants and that have been published, provided that the period covered comes after that covered by the first quarterly financial report.
- Decree 77/2021 has been in force since 13 September 2021.
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