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                          PT BARITO RENEWABLES ENERGY Tbk.
                                   Domiciled in Jakarta
                                     (the “Company”)

                      ANNOUNCEMENT TO THE SHAREHOLDER
            ON SCHEDULE AND PROCEDURES OF FINAL DIVIDEND DISTRIBUTION
                           FOR FISCAL YEAR OF 2023


Hereby we notify the shareholders of the Company that based on the resolutions of the Annual
General Meeting of Shareholders of the Company on 29 May 2024, the Company will distribute
the cash dividend in the amount of Rp 2.03362 (two point zero three three six two Rupiah) per
share (“Dividend”), to the shareholders of the Company, with the following schedule and
procedures of Dividend distribution:

A. SCHEDULE OF DIVIDEND DISTRIBUTION

      No.                              REMARKS                                     DATE
       1.   End of Trading Stocks Period With Dividend Rights (Cum Dividend)
            •    Regular and Negotiation Markets                                6 June 2024
            •    Cash Market                                                    10 June 2024
       2.   Beginning of Trading Stocks Period Without Dividend Rights (Ex
            Dividend)
            •    Regular and Negotiation Markets                                7 June 2024
            •    Cash Market                                                    11 June 2024
       3.   Date of the Register of Shareholders who are Entitled to Receive    10 June 2024
            Dividend (Recording Date)
       4.   Payment Date of Dividend                                            28 June 2024


B. PROCEDURES OF DIVIDEND DISTRIBUTION

   1. This is an official announcement from the Company and the Company will not issue any
      specific announcement to the shareholders of the Company.
   2. The Dividend will be distributed to the shareholders of the Company whose names are
      recorded in the Register of Shareholders of the Company on 10 June 2024 at 4.00 PM
      Western Indonesian Time (hereinafter referred to as the “Eligible Shareholders”)
   3. Terms of Dividend Payment:
      a. For the Eligible Shareholders who own shares in script form, the payment of Dividend
          shall be made by a telegraphic transfer directly to the Eligible Shareholders’ bank
          account, if such Eligible Shareholders have submitted the dividend mandate letter (a
          form of the dividend mandate letter can be obtained from the Company’s Shares
          Administration Bureau, PT Datindo Entrycom (“SAB”), accompanied by a copy of
          identity proof of individual or legal entity and a copy of Taxpayer Identification Number
          (“TIN”) for the Resident Taxpayers (“RTP”) or the original Certificate of Domicile in the
          form of DGT Form (“CoD”) for Non-Resident Taxpayer (“NRTP”), to the Company or
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        SAB at latest on 10 June 2024 at 4.00 PM Western Indonesian Time at the following
        address:

                        The Company                                    SAB
                     Corporate Secretary                       PT Datindo Entrycom
             PT Barito Renewables Energy Tbk                   Plaza Sentral Lantai 2
              Wisma Barito Pacific II, Lantai 23              Jl. Hayam Wuruk No.28
              Jl. Let. Jend. S. Parman Kav. 60                     Jakarta 10120
                        Jakarta 11410
          Telp. (021) 5306711 Fax. (021) 5306680               Telp. (021) 3508077
          E-mail: corpsec@baritorenewables.co.id                      E-mail:
                                                         corporatesecretary@datindo.com

   b.   For the Eligible Shareholders whose shares are placed in collective custody of PT
        Kustodian Sentral Efek Indonesia (“KSEI”), the Dividend distribution shall be made by
        KSEI through the Security Companies and/or Custodian Banks where the Eligible
        Shareholders open their accounts..

4. Terms of Income Tax Withholding:
   a. The Dividend shall bear Income Tax in accordance with the applicable taxation laws.
      The Income Tax on Dividend (if any) is the obligation of Eligible Shareholders and
      therefore such Income Tax shall be deducted directly from the amount of Dividend
      that an Eligible Shareholder is entitled to.
   b. For the Eligible Shareholders who are RTP, the following conditions shall apply:
      (i)    The tax imposition shall be conducted in accordance with the Law No. 36 of
             2008 on the Fourth Amendment of Law No. 7 of 1983 on Income Tax as lastly
             amended by Law No. 11 of 2020 on Job Creation (“Income Tax Law”) and the
             letter of KSEI No. KSEI-0087/DIR/0121 dated January 7, 2021 on Application
             of Taxes for Dividend Received by Resident Taxpayers After the Enactment of
             Law Number 11 of 2020 on Job Creation.
      (ii) The Eligible Shareholders are required to submit a copy of TIN to KSEI, the
             Company or SAB (as applicable) at the latest on 10 June 2024 at 4.00 PM
             Western Indonesian Time.
   c. For the Eligible Shareholders who are NRTP, the following conditions shall apply:
      (i)    The Eligible Shareholders whose country does not have a Double Taxation
             Avoidance Agreement (“DTAA”) or Tax Treaty with the Republic of Indonesia,
             shall be subject to Income Tax of 20%, in accordance with Article 26 of Income
             Tax Law.
      (ii) The Eligible Shareholders whose country does have a DTAA or Tax Treaty with
             the Republic of Indonesia, shall be subject to Income Tax at a lower rate if the
             Eligible Shareholders can fulfill the requirements as stipulated in the Regulation
             of Director General of Taxes No. PER-25/PJ/2018 dated November 21, 2018
             on the Procedures for the Implementation of DTAA (“2018 Director Regulation”),
             and submit the CoD which has been filled in correctly, completely and clearly
             and signed by the Eligible Shareholders and has been certified by the
             competent authority of the Eligible Shareholders’ country (such certification can
             be replaced by an original Certificate of Residence in English) to KSEI, the
             Company or SAB (as applicable), at the latest on 10 June 2024 at 4.00 PM
             Western Indonesian Time. If until such time limit, (a) such Eligible Shareholders
             cannot fulfill the requirements in 2018 Director Regulation; and/or (b) KSEI, the
             Company or SAB does not receive the said documents, the payment of Dividend
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           will be subject to Income Tax of Article 26 at the rate of 20%.
d.   For the Eligible Shareholders who own shares in script form, the proof of Dividend tax
     withholding (if any) can be collected at the SAB’s office.
e.   For Eligible Shareholders whose shares are placed in collective custody of KSEI, the
     proof of Dividend tax withholding (if any) can be collected at the office of Security
     Company and/or Custodian Bank where the Eligible Shareholders open their
     accounts.
f.   In respect of the taxation matters, the Eligible Shareholders may contact the Company
     through an email address at: corpsec@baritorenewables.co.id


                                 Jakarta, 31 May 2024
                         PT BARITO RENEWABLES ENERGY Tbk.
                                   Board of Directors

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Names mentioned 3 people and organisations named in the text · linked when the evidence is strong

linked org BARITO RENEWABLES ENERGY Tbk. p.1 ×8
unresolved org PT Datindo Entrycom · Corporate Secretary p.1 ×2
unresolved org PT Kustodian Sentral Efek Indonesia p.2

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