On 12 March 2015, the Director of the Indonesian Stock Exchange (PT Bursa Efek Indonesia) ("ISE") issued Decree No. Kep-00023/BEI/03-2015 of 2015 on The Schedule for Determining Payment of a Cash Dividend ("Decree 23/2015"). Under Decree 23/2015, listed companies planning to pay their shareholders a dividend in cash must report this to the ISE and announce a summary of the minutes of the General Meeting of Shareholders within 2 (two) exchange days of the General Meeting of Shareholders. The list of shareholders who are entitled to a dividend in cash must be conducted 8 (eight) exchange days after the General Meeting of Shareholders.
When the payment of a dividend in cash must be made is subject to the Financial Services Authority (Otoritas Jasa Keuangan) Regulation on the Planning and Holding of General Meetings of Shareholders of Listed Companies. Decree 23/2015 came into effect on 12 March 2015 and provision C.7.a,b,c,d and e of Appendix IV of ISE Director's Decree No. Kep-565/BEJ/11- 2003 of 14 November 2003 has been revoked.
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