The new shareholders from this Public Offering have the same and equal rights in all respects with the old shareholders of the Company, including the right to dividend distribution in accordance with the provisions of the Company's Articles of Association and the prevailing laws and regulations. Dividends received by foreign shareholders will be taxed in accordance with the prevailing regulations in Indonesia. The Company has a policy to pay dividends in cash to all Shareholders of the Company at least once in 1 (one) year. By taking into account the profits and/or financial condition of the Company in the relevant financial year and by taking into account the need for funds that will be needed for investment in the context of business development as long as it does not conflict with the laws and regulations in force in the Republic of Indonesia, without prejudice to the right of the Company's GMS to determine otherwise in accordance with the provisions of the Company's Articles of Association. The Company has a cash dividend policy on the Company's net income starting in the 2018 financial year after the above conditions are met, namely at least 20% of Net Profit after tax.
Dividend Payment History
By taking into account the need for funds needed for investment in the context of business development, up to now the Company has never paid dividends according to the GMS decision.