Removal from Special Monitoring Board Now Possible Through Distribution of Cash Dividends

In response to the results of an evaluation of the implementation of the Special Monitoring Board (“Special Board”), the Boards of Directors (“BoD”) of the Indonesia Stock Exchange (“IDX”) have now issued Decree No. Kep-00076/BEI/06-2024 of 2024 (“Decree 76/2024”), which amends Rule I-X on the Placement of Equity Securities Listings on the Special Board (“Rule I-X”). Regulation I-X was previously set out under the Appendix to Decree No. Kep.00315/BEI/11-2023 (“Decree 315/2023”), which has now been revoked and replaced following the issuance of Decree 76/2024.[1]