PT. AKR Corporindo, Tbk

AKRA 2024 AGMS Approves Dividend Payout Ratio of 88.74% of IDR 2,467 Billion – With Final Dividend of IDR 50/share for Financial Year 2023

April 29, 2024

JAKARTA, 29 April 2024 – Shareholders of PT AKR Corporindo Tbk (BEI stock code: AKRA.IJ) today approved a dividend of IDR 2,467 billion or the equivalent of IDR 125 / share at the Annual General Meeting of Shareholders (AGMS), which is 88.74% of the 2023 Net Profit that reached IDR 2.78 trillion.


The AGMS was held at AKR Gallery West, Meeting Room P2 Floor, Kebon Jeruk, West Jakarta in a hybrid manner using the KSEI easy application. The AGMS was attended by the Company's Directors and Board of Commissioners along with other important officials. At the AGMS, it was approved to pay a dividend of IDR 125/share. This dividend will take into account the two interim dividends that have been paid previously; namely IDR 50/share which was paid on August 16 2023, and IDR 25/share which was paid on November 15 2023. The remaining dividend of IDR 50/share will be paid on May 27 2024. The dividend payment schedule is as follows following:

Jadwal Pembagian Dividen


Cum Dividen Di Pasar Reguler Dan Negosiasi

8 Mei 2024

Ex Dividen Di Pasar Reguler Dan Negosiasi

13 Mei 2024

Cum Dividen Di Pasar Tunai

14 Mei 2024

Ex Dividen Di Pasar Tunai

15 Mei 2024

Recording Date Dividen

14 Mei 2024

Pembayaran Dividen Tunai

27 Mei 2024

Overall, the Company's AGMS approved the following 5 agendas:

1.      Approval and ratification of the Report of the Board of Directors regarding the course of the Company’s business and financial administration for the financial year ended on December 31st, 2023 as well as the approval and ratification of the Company’s Financial Statements including the Balance Sheet and Profit/Loss Statement for the year ended on December 31st, 2023 that have been audited by the Independent Public Accountant, and the approval of the Company’s Annual Report, the report of the Board of Commissioners supervisory duties for the fiscal year ended on December 31st, 2023, and to provide settlement and discharge of responsibility (acquit et de charge) to all members of the Board of Directors and Board of Commissioners for the actions of management and supervision that have been conducted in the fiscal year ended on December 31st, 2023.

2.      Approval for the proposed plan of the Company’s Net Income usage for the fiscal year ended December 31st, 2023.

3.      Appointment of Independent Public Accountant Firm to conduct audit of the Company’s financial statement for the year ended December 31st, 2024.

4.      Determination of remuneration for members of the Company's Board of Commissioners and Directors.

5.      Approval of the plan to transfer some buyback shares of the Company (treasury shares) through the establishment and implementation of Management and Employee Stock Option Program (MESOP) with total of 156,500,000 shares or 0.78% of the issued and fully paid-up capital of the Company.


The Company's Treasury shares, which are the results of the buyback carried out in the period 16 March 2020 - 12 June 2020, amounting to 336,305,000 shares, must be transferred no later than June 2026.


The MESOP program was selected as one way to transfer Treasury Shares by considering the consistent improvement in the Company's performance and profitability every year, which is also supported by the performance and commitment of each management and employee of the Company. The MESOP program will be implemented in stages starting in August 2024, then the remaining treasury stock will be sold back to the capital market.