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SUMMARY OF MINUTES OF
THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
FOR 2023 FINANCIAL YEAR
PT BANK MANDIRI (PERSERO) Tbk.
Board of Directors of PT Bank Mandiri (Persero) Tbk. (hereinafter referred to as the
"Company") domiciled in South Jakarta, hereby announces that the Annual General
Meeting of Shareholders (hereinafter referred to as the "Meeting") has been held on:
Day, date : Thursday, March 7, 2024
Time : 14.18 to 16.53 WIB (Western Indonesia Time Zone)
Venue : Auditorium Plaza Mandiri 3rd Floor
Jl. Jenderal Gatot Subroto Kav 36-38, South Jakarta 12190
The Meeting was presided over by Mr. Muhamad Chatib Basri, as the
President/Independent Commissioner, who was appointed based on the resolution of
the Board of Commissioners Meeting of the Company dated January 11, 2024 based on
Minutes of the Board of Commissioners Meeting No. DK.INT/001/2024, and attended
by Members of the Board of Commissioners and Board of Directors of the Company as
follows:
Board of Commissioners:
President / Independent Commissioner : Mr. Muhamad Chatib Basri;
Vice President / Independent : Mr. Andrinof Achir Chaniago;
Commissioner
Independent Commissioner : Mrs. Rr. Loeke Larasati
Agoestina;
Independent Commissioner : Mr. Muliadi Rahardja;
Independent Commissioner : Mr. Heru Kristiyana;
Independent Commissioner : Mr. Zainudin Amali;
Commissioner : Mr. Rionald Silaban;
Commissioner : Mr. Faried Utomo;
Commissioner : Mr. Arif Budimanta;
Commissioner : Ms. Nawal Nely;
Commissioner : Mr. Muhamad Yusuf Ateh;
Board Of Directors:
President Director : Mr. Darmawan Junaidi;
Vice President Director : Mrs. Alexandra Askandar;
Compliance and HR Director : Mr. Agus Dwi Handaya;
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Commercial Banking Director : Mr. Riduan;
Network and Retail Banking Director : Mr. Aquarius Rudianto;
Operation Director : Mr. Toni Eko Boy Subari;
Corporate Banking Director : Mrs. Susana Indah Kris
Indriati;
Institutional Relations Director : Mr. Rohan Hafas;
Finance and Strategic Director : Mr. Sigit Prastowo;
Information Technology Director : Mr. Timothy Utama;
Treasury and International Banking Director : Mrs. Eka Fitria.
as well as shareholders and proxies as the representatives of shareholders who were
present either physically or electronically through the Electronic General Meeting
System of the Kustodian Sentral Efek Indonesia/ Indonesian Central Securities
Depository (hereinafter referred to as "eASY.KSEI") all of which represent
84,588,674,095 shares including seri A Dwiwarna shares or constitute 90.6307223% of
the total shares with valid voting rights that have been issued by the Company until the
day of the Meeting, i.e., 93,333,333,332 shares consisting of:
1 share of Seri A Dwiwarna and
93,333,333,331 shares of Seri B;
by taking into account the Company's Shareholders Register on February 12, 2024 until
16.00 Western Indonesia Time Zone.
Meeting Agenda
The Meeting was held with the following Agenda:
1. Approval of the Annual Report and Ratification of the Company's Consolidated
Financial Statements, Approval of the Board of Commissioners' Supervisory Tasks
Report and Ratification of the Financial Statements of the Micro and Small
Business Funding Program (PUMK) for 2023 Financial Year, as well as the granting
of full release and discharge (volledig acquit et de charge) to the Board of
Directors for the management tasks of the Company and the Board of
Commissioners for the supervisory tasks of the Company that have been dedicated
by them during the 2023 Financial Year.
2. Approval for the Use of the Company's Net Profits for the 2023 Financial Year.
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3. Determination of Remuneration (salary/honorarium, facilities, and benefits) Year
of 2024 and Tantiem (Bonus) of the 2023 Financial Year for the Board of Directors
and the Board of Commissioners of the Company.
4. Determination of Public Accountant (AP) and/or Public Accounting Firms (KAP) to
audit the Company's Consolidated Financial Statements and Financial Statements
of the Micro and Small Business Funding Program (PUMK) for the 2024 Financial
Year.
5. Reporting on the realization of the use of proceeds from the Shelf Public Offering
of Shelf Green Bonds I Tranche I of Bank Mandiri of 2023.
6. Approval of the update of the Company's Recovery Plan.
7. Approval of Amendments to the Company's Articles of Association.
8. Changes in the Composition of the Company's Board of Management.
Questions & Answers Session
In each Agenda of the Meeting, an opportunity was given to the shareholders and
proxies of the shareholders of the Company who were physically or electronically
present to raise questions and/or opinions. In the First Agenda of the Meeting, Seri A
Dwiwarna shareholder through its proxy provided responses which was submitted
directly, and there was 1 (one) questioner and 1 (one) response/input. Furthermore, in
the Second Agenda of the Meeting, there was 1 (one) questioner but because the
question was irrelevant to the Second Agenda of the Meeting, the question was not
read out. In the Third Agenda of the Meeting, there was 1 (one) questioner but
because the question was irrelevant to the Third Agenda of the Meeting, the question
was not read out and there was 1 (one) response/input. In the Fourth, Seventh and
Eighth Agenda of the Meeting, there were no shareholders and proxy of shareholders
who raised questions and/or opinions. For the Fifth Agenda of the Meeting, there was
no question-and-answer session because it was only a report.
Resolutions-Making Mechanism
The resolutions-making mechanism in the Meeting was performed by deliberation to
reach a consensus in accordance with Article 40 of Financial Services Authority /
Otoritas Jasa Keuangan (“OJK”) Regulation No. 15/04.POJK/2020 concerning the Plan
and Implementation of the General Meeting of Shareholders of Public Companies
(“POJK No. 15/2020”) with due observance of Article 28 POJK No.15/2020. In the event
that deliberation to reach a consensus is not reached, the resolution shall be taken by
voting, accordingly. The voting mechanism was performed openly and counted from
the votes validly cast on the Meeting and through eASY.KSEI, except for the Eighth
Agenda of the Meeting, in which the voting was performed with the unsigned folded
ballots.
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The Fifth Agenda of the Meeting is reporting in nature, so it does not require
shareholders approval at the Meeting.
Independent Party for Voting Count
The Company has appointed an independent party, i.e. Notary Utiek R.
Abdurachman SH., MLI., MKn and PT Datindo Entrycom as Securities Administration
Bureau for performing the votes count and/or validation.
Meeting Resolutions
The implementation of the Meeting and resolutions of each Meeting Agenda have
been stated in the deed of "Minutes of the Annual General Meeting of Shareholders of
the LIMITED LIABILITY COMPANY (PERSERO) PT BANK MANDIRI Tbk or abbreviation of
PT BANK MANDIRI (PERSERO) Tbk” dated March 7, 2024 number
03, the minutes of which is drawn up before the Notary Utiek R. Abdurachman SH., MLI.,
MKn, that principally resolved the followings:
In the First Agenda of Meeting:
Results of the votes count were as follows:
RESULTS DISSENTING ABSTAINED AFFIRMATIVE
(Including one Series A
Dwiwarna Share)
Number of Shares 145,647,328 708,197,752 83,734,829,015
Percentage 0.1721830% 0.8372253% 98.9905917%
In accordance with the provisions of the Meeting Rules that shareholders who do not
vote (abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
Therefore:
“The Meeting with majority votes namely 84,443,026,767 shares or constitute of
99.8278170% of the total votes cast in the Meeting have resolved:
1. Approving the Company's Annual Report including the Board of Commissioners'
Report on the Implementation of the Company's Supervisory Tasks for the
financial year ended on December 31, 2023.
2. Ratifying:
a. The Company's Consolidated Financial Statements for the financial year
ended on December 31, 2023 audited by the Public Accounting Firm
Tanudiredja, Wibisana, Rintis & Rekan (a member firm of the
PricewaterhouseCoopers Global network) in accordance with its report
Number 00027/2.1025/AU.1/07/0229-3/1/I/2024 dated January 31, 2024,
with the unqualified opinion in all material respects; and
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b. Financial Statements of the Micro and Small Business Funding Program
(PUMK) audited by the Public Accounting Firm Tanudiredja, Wibisana,
Rintis & Partners (a member firm of the PricewaterhouseCoopers Global
network) in accordance with its report Number
00016/2.1025/AU.2/07/0229-2/1/I/2024 dated January 24, 2024, with the
unqualified opinion in all material respects.
3. By the approval of the Company's Annual Report including and the
Implementation of the Company’s Board of Commissioners Supervisory Tasks
Report, as well as the ratification of the Company's Consolidated Financial
Statements for the Financial Year ended on December 31, 2023, and the
Financial Statements of the Micro and Small Business Funding Program (PUMK)
for the financial year ended December 31, 2023, the General Meeting of
Shareholders grants a full a release and discharge (volledig acquit at de charge)
to all members of the Board of Directors for the management tasks of the
Company and to the Board of Commissioners for the supervisory tasks of the
Company dedicated during the 2023 Financial Year which was ended on
December 31, 2023, to the extent that such actions do not constitute a crime and
are reflected in the aforementioned reports.
In the Second Agenda of Meeting:
Results of the votes count were as follows:
RESULTS DISSENTING ABSTAINED AFFIRMATIVE (Including one
Series A Dwiwarna Share)
Number of Shares 88,864,402 663,370,572 83,836,439,121
Percentage 0.1050547% 0.7842310% 99.1107143%
In accordance with the provisions of the Meeting Rules, shareholders who do not vote
(abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
Therefore:
“The Meeting with majority votes namely 84,499,809,693 shares or constitute of
99.8949453% of the total votes cast in the Meeting have resolved:
Approving the use of the Company’s Consolidated Net Profit attributed to the owner of
the parent entity for 2023 Financial Year amounting to IDR55,060,057,307,434.00 (fifty
five trillion sixty billion fifty seven million three hundred seven thousand four hundred
thirty four Rupiah) as follows:
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1. 60% or a total of IDR33,036,034,384,460.40 (thirty-three trillion thirty-six billion
thirty-four million three hundred eighty-four thousand four hundred and sixty
rupiah and forty cents) or IDR353.957511267 (three hundred and fifty-three point
nine five seven five one one two six seven rupiah) per share is distributed as Cash
Dividend. The distribution will be realized under the following conditions:
a. The dividend portion of the State of the Republic of Indonesia amounted to
IDR17,178,737,880,394.40 (seventeen trillion one hundred seventy-eight
billion seven hundred thirty-seven million eight hundred eighty thousand
three hundred ninety-four rupiah and forty cents) will be deposited into the
State General Treasury Account.
b. Dividends for 2023 Financial Year will be distributed proportionally to each
Shareholder whose name is recorded in the Shareholders Register on the
recording date.
c. The Board of Directors is given a power and authority with the substitution
right to perform:
i. Determination of the schedule and distribution procedures related to
the payment of dividends for the 2023 Financial Year in accordance
with the applicable regulations.
ii. Withholding the Dividend tax in accordance with the applicable tax
regulations.
iii. Other related technical issues in accordance with the applicable
regulations.
2. 40% or a total of IDR22,024,022,922,973.60 (twenty-two trillion twenty-four
billion twenty-two million nine hundred twenty-two thousand nine hundred
seventy-three rupiah and six cents) will be allocated as the Retained Earnings
balance."
In the Third Agenda of Meeting:
Results of the votes count were as follows:
RESULTS DISSENTING ABSTAINED AFFIRMATIVE (Including one
Series A Dwiwarna Share)
Number of Shares 9,044,925,415 667,450,224 74,876,298,456
Percentage 10.6928327% 0.7890539% 88.5181134%
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In accordance with the provisions of the Meeting Rules, shareholders who do not vote
(abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
Therefore:
"The Meeting with majority votes of 75,543,748,680 shares or constitute of
89.3071673% of the total votes cast in the Meeting have resolved:
1. Approving the granting of the authority and power to the Seri A Dwiwarna
Shareholder to determine for Members of the Board of Commissioners:
a. Tantiem/Performance Incentive/Special Incentive for 2023 Financial Year
and/or Long-Term Incentive of the 2024-2026 Financial Year in accordance
with the applicable regulations; and
b. Salary, Benefits, and Facilities for 2024 Financial Year.
2. Approving the granting of the authority and power to the Board of Commissioners,
subject to prior written approval from Seri A Dwiwarna Shareholder to determine
for Members of the Board of Directors:
a. Tantiem/Performance Incentive/Special Incentive for 2023 Financial Year
and/or Long-Term Incentive for 2024-2026 Financial Year in accordance with
applicable regulations; and
b. Salary, Benefits and Facilities for 2024 Financial Year."
In the Fourth Agenda of Meeting:
Results of the votes count were as follows:
RESULTS DISSENTING ABSTAINED AFFIRMATIVE
(Including one Series A
Dwiwarna Share)
Number of Shares 9,089,954,628 2,460,670,247 73,038,049,220
Percentage 10.7460659% 2.9089831% 86.3449510%
In accordance with the provisions of the Meeting Rules, shareholders who do not vote
(abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
Therefore:
“The Meeting with majority votes namely 75,498,719,467 shares or constitute of
89.2539341% of the total votes cast in the Meeting have resolved:
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1. Approving the appointment of the Public Accounting Firm Tanudiredja, Wibisana,
Rintis dan Rekan (a member firm of PricewaterhouseCoopers Global network) as the
Public Accounting Firm which will perform the audit of the Company's Consolidated
Financial Statements, Financial Statements of the Company's Micro and Small
Business Funding Program (PUMK), and other reports for 2024 Financial Year;
2. Approving the granting of the authority and power to the Board of Commissioners
of the Company to perform:
a. Appointment of the Public Accountant and/or Public Accounting Firm to
perform an audit of the Company's Consolidated Financial Statements for
other periods in 2024 Financial Year for the purposes and interests of the
Company; and
b. Determination of audit service fees and other requirements for the Public
Accountant and/or Public Accounting Firm, and appointing the substitute of
Public Accounting and/or Public Accounting Firm in the event that the Public
Accounting Firm Tanudiredja, Wibisana, Rintis and Partners (a member firm
of PricewaterhouseCoopers Global network), due to any reasons,
whatsoever, is unable to accomplish the audit services of the Company's
Consolidated Financial Statements for 2024 Financial Year and/or other
periods in 2024 Financial Year, as well as the Financial Statements of the
Micro and Small Business Funding Program for 2024 Financial Year, including
determining the audit fees and other requirements for the pertaining
substitute of Public Accountant and/or the Substitute Public Accounting
Firm."
In the Fifth Agenda of Meeting:
In accordance with Article 6 of OJK Regulation Number 30/POJK.04/2015 regarding the
Report on the Realization of the Use of Proceeds from Public Offering, public companies
are required to be responsible for the realization of the use of proceeds of public offering
in each Annual General Meeting of Shareholders (“GMS”) until all of the public offering
proceeds have been realized and shall be made as one of the agenda of the Annual
GMS but does not require a shareholders approval.
Therefore:
for the Fifth Agenda of the Meeting, the Meeting did not hold a question-and-answer
session and resolution-making session.
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In the Sixth Agenda of meeting:
Results of the votes count were as follows:
RESULTS DISSENTING ABSTAIN AFFIRMATIVE (Including one
Series A Dwiwarna Share)
Number of Shares 88,864,402 622,645,124 83,877,164,569
Percentage 0.1050547% 0.7360857% 99.1588596%
In accordance with the provisions of the Meeting Rules, shareholders who do not vote
(abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
Therefore:
“The Meeting with majority votes namely 84,499,809,693 shares or constitute of
99.8949453% of the total votes cast in the Meeting have resolved:
1. Approving the update of the Company's Recovery Plan which, among others,
contains changes of the trigger levels and the compliance with the adequacy and
feasibility of debt instruments or equity investment instruments.
2. Approving the granting of the power and authority to the Board of
Commissioners and Board of Directors of the Company to take each and all
necessary actions in connection with the update of Company's Recovery Plan, by
taking into account OJK Regulation No. 14/POJK.03/2017 concerning Recovery
Plan for Systemic Banks and other related regulations."
In the Seventh Agenda of Meeting:
Results of the votes count were as follows:
RESULTS DISSENTING ABSTAINED AFFIRMATIVE
(Including one Series A
Dwiwarna Share)
Number of Shares 22,443,834,745 962,037,324 61,182,802,026
Percentage 26.5329076% 1.1373122% 72.3297802%
In accordance with the provisions of the Meeting Rules, shareholders who do not vote
(abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
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Therefore:
“The Meeting with the majority votes namely 62,144,839,350 shares or constitute of
73.4670924% of the total votes cast in the Meeting have resolved:
1. Approving the amendments to the Company’s Articles of Association, among
others, for the purpose of adjustments to the laws and regulations: (a) Law Number
4 of 2023 dated January 12, 2023 concerning the Development and Strengthening
of the Financial Sector; (b) OJK Regulation Number 17 of 2023 dated September 14,
2023 concerning the Implementation of Governance of Commercial Banks; (c)
Minister of State-Owned Enterprises Regulation Number PER-2/MBU /03/2023
dated March 24, 2023 concerning Guidelines for the Governance and Significant
Corporate Activities of the State-Owned Enterprises; (d) Minister of State-Owned
Enterprises Regulation Number PER-3 / MBU / 03/2023 dated March 24, 2023
concerning Organs and Human Resources of the State-Owned Enterprises; and (e)
other relevant regulations.
2. Approving to rearrange all provisions of the Company's Articles of Association in
connection with the amendments as referred to in point 1 (one) above.
3. Granting the authority and power to the Board of Directors with the substitution
right to take all necessary actions related to the resolutions of the Meeting,
including but not limited to arrange and restate the entire Company's Articles of
Association in a Notarial Deed, adjusting the amendments to the Company's
Articles of Association if required by the authority and submitting to the authority
for obtaining approval and notification receipt to the Company's Articles of
Association as well as taking all actions as deemed necessary and useful for such
purposes without exception."
In the Eighth Agenda of Meeting:
Results of the votes counts were as follows:
RESULTS DISSENTING ABSTAINED AFFIRMATIVE
(Including one Series A
Dwiwarna Share)
Number of Shares 23,528,825,300 2,410,288,868 58,649,559,927
Percentage 27.8155741% 2.8494227% 69.3350032%
In accordance with the provisions of the Meeting Rules, shareholders who do not vote
(abstain) are considered to have cast the same votes as the majority votes of
shareholders who cast votes.
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Therefore:
“The Meeting with the majority votes namely 61,059,848,795 shares or constitute of
72.1844259% of the total votes cast in the Meeting have resolved:
1. Confirming the honorable dismissal of Mr. Ahmad Siddik Badruddin as Risk
Management Director of the Company who was appointed based on the Annual
GMS (AGMS) for the 2019 Financial Year on February 19, 2020, effective as of
January 31, 2024, with gratitude for the contribution of energy and thought given
during his tenure as Risk Management Director of the Company.
2. Honorably dismiss the following names as the Company’s Board of Management:
1) Mrs. Susana Indah Kris as the Director of Corporate Banking;
2) Mr. Muhamad Chatib Basri as the President Commissioner/Independent;
3) Mr. Andrinof Achir Chaniago as the Vice President Commissioner/Independent;
4) Mr. Rionald Silaban as the Commissioner;
5) Ms. Nawal Nely as the Commissioner;
each of them was appointed based on the Resolutions of the 2020 Extraordinary
General Meeting of Shareholders ("EGMS") dated 21 October 2020, 2019 EGMS
Resolutions dated 9 December 2019 in conjunction with 2019 Annual GMS
Resolutions dated 19 February 2020, 2019 Annual GMS Resolutions dated 19
February 2020, 2019 EGMS Resolutions dated 28 August 2019, and 2019 Annual
GMS Resolutions dated 19 February 2020, commenced as of the closing of the
GMS, with gratitude for the contribution of their energy and thoughts dedicated
during their tenures as the Company's Board of Management.
3. Transferring the assignment of the names mentioned below as the Management of
the Company;
No. Name Before After
1 Mr. Riduan Commercial Banking Corporate Banking Director
Director
2 Mr. Zainudin Independent Vice President
Amali Commissioner Commissioner/Independent
Each of them was appointed based on the Resolution of AGMS for the 2022
Financial Year dated March 14, 2023, with the term of office continuing the
remaining term of office in accordance with the resolution of the GMS appointing
the person concerned.
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4. To appoint the names mentioned below as the Management of the Company:
1) Mr. Danis Subyantoro : as Risk Management Director
2) Mr. Totok Priyambodo : as Commercial Banking
Director
3) Mr. Muhamad Chatib Basri : as President Commissioner/
Independent
4) Mr. Rionald Silaban : as Commissioner
5) Mr. Tedi Bharata : as Commissioner
5. The term of office of the appointed members of the Board of Directors and Board of
Commissioners as referred to in point 4, in accordance with the provisions of the
Articles of Association of the Company, with due observance of the laws and
regulations in the Capital Market sector and without prejudice to the right of the
GMS to dismiss them at any time.
6. With the confirmation of the dismissal, removal, transfer of duties, and appointment
of members of the Board of Directors and Board of Commissioners of the Company
as referred to in number 1, number 2, number 3 and number 4, the composition of
the members of the Board of Directors and Board of Commissioners of the Company
shall be as follows:
A. Board of Directors
1) President Director : Mr. Darmawan Junaidi
2) Vice President Director : Mrs. Alexandra Askandar
3) Compliance and HR Director : Mr. Agus Dwi Handaya
4) Corporate Banking Director : Mr. Riduan
5) Network and Retail Director : Mr. Aquarius Rudianto
6) Operation Director : Mr. Toni Eko Boy Subari
7) Institutional Relations Director : Mr. Rohan Hafas
8) Finance and Strategy Director : Mr. Sigit Prastowo
9) Information Technology Director : Mr. Timothy Utama
10) Treasury and International Banking : Mrs. Eka Fitria
Director
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11) Risk Management Director : Mr. Danis Subyantoro
12) Commercial Banking Director : Mr. Totok Priyambodo
B. Board Of Commissioners
1) President : Mr. Muhamad Chatib Basri
Commissioner/Independent
2) Vice President : Mr. Zainudin Amali
Commissioner/Independent
3) Independent Commissioner : Mrs. Rr. Loeke Larasati
Agoestina
4) Independent Commissioner : Mr. Muliadi Rahardja
5) Independent Commissioner : Mr. Heru Kristiyana
6) Commissioner : Mr. Rionald Silaban
7) Commissioner : Mr. Faried Utomo
8) Commissioner : Mr. Arif Budimanta
9) Commissioner : Mr. Muhammad Yusuf Ateh
10) Commissioner : Mr. Tedi Bharata
7. Members of the Board of Directors and Board of Commissioners appointed as
referred to in number 4 point 1), point 2), 5), as well as members of the Board of
Commissioners who are assigned as Vice President Commissioner/Independent as
referred to in number 3 point 2), can only carry out their duties after obtaining
approval from the Financial Services Authority (OJK) for the Fit and Proper Test and
fulfilling the applicable laws and regulations. In the event that the member of the
Board of Directors or member of the Board of Commissioners of the Company is
subsequently declared disapproved as a member of the Board of Directors or
member of the Board of Commissioners in the Fit and Proper Test by the OJK, then
the member of the Board of Directors or member of the Board of Commissioners of
the Company shall be honorably discharged from the date of the decision of the
OJK Fit and Proper Test results.
8. Members of the Board of Directors and Board of Commissioners appointed as
referred to in point 4 who are still serving in other positions that are prohibited by
laws and regulations to be concurrently held by members of the Board of Directors
or Board of Commissioners of State-Owned Enterprises, then the person concerned
must resign or be dismissed from the position.
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9. Requested the Board of Directors to submit a written request to the Financial
Services Authority for the implementation of Fit and Proper Test for the appointed
members of the Board of Directors and Board of Commissioners as referred to in
point 4 point 1), point 2), point 5), as well as members of the Board of Commissioners
who are assigned as Vice President Commissioner/Independent as referred to in
point 3 point 2).
10. To grant power of attorney with substitution right to the Board of Directors of the
Company to state the resolutions of this GMS in the form of a Notarial Deed and to
appear before a Notary or authorized official, and to make necessary adjustments or
corrections if required by the competent authorities for the purpose of
implementing the resolutions of the meeting
SCHEDULE AND PROCEDURES OF CASH DIVIDENDS
DISTRIBUTION
Furthermore, in accordance with the resolution of the Second Agenda of the Meeting as
mentioned above where the Meeting has resolved that 60% of the Company's net profit of
IDR33,036,034,384,460.40 or IDR353.957511267 per share will be distributed as the cash
dividends to the Company's Shareholders and specifically for the dividends to the
Government/State of the Republic of Indonesia will be credited in accordance with the laws
and regulations, hence, the schedule and procedures for distributing the cash dividends for
the 2023 financial year are hereby notified as follows:
Cash Dividends Distribution Schedule
NO DESCRIPTION DATE
1 End of the Stock Trading Session with Dividend Rights
(Cum Dividend)
• Regular Board and Negotiated Market March 19, 2024
• Cash Market March 21, 2024
2 Beginning of the Stock Trading Session Without
Dividend Rights (Ex Dividend)
• Regular Board and Negotiated Market March 20, 2024
• Cash Market March 22, 2024
3 Recording Date of Shareholders entitled to Dividends March 21, 2024
4 Cash Dividend Payment Date for the 2023 Financial Year March 28, 2024
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Procedures of Cash Dividends Distribution
1. Cash Dividends will be distributed to shareholders of the Company whose names are
recorded in the Company's Shareholders Register ("DPS") or recording date on March
21, 2024 (recording date) and/or the Company's shareholders in the sub-securities
account at PT Kustodian Sentral Efek Indonesia ("KSEI") at the close of trading on
March 21, 2024.
2. For shareholders of the Company whose shares are trusted in KSEI's collective
depository, cash dividend payments will be made through KSEI and will be distributed
on March 28, 2024 into the Customer Fund Account (RDN) at the Securities Company
and or Custodian Bank where the Shareholders open a sub-securities account.
Meanwhile, for shareholders of the Company whose shares are not trusted in KSEI's
collective depository, the cash dividend payment will be transferred to the Company's
shareholders' accounts.
3. Cash dividends will be subject to tax complying with the applicable tax laws and
regulations. The amount of tax imposed will be borne by the concerned shareholders
of the Company and withheld from the amount of cash dividends to which the
shareholders of the Company are entitled.
4. Based on the applicable tax laws and regulations, the cash dividends will be excluded
from the taxable object if it is received by the shareholders of the resident corporate
taxpayer (“Resident Corporate Taxpayer”) and the Company does not withhold
Income Tax on the cash dividend paid to the Resident Corporate Taxpayer. Cash
dividends received by shareholders of the resident individual taxpayers (“Resident
Individual Taxpayer”) will be excluded from taxable objects to the extent the
dividends are invested in the territory of the Republic of Indonesia. For the Resident
Individual Taxpayer who does not meet the investment requirements as mentioned
above, the dividends received by the person concerned will be subject to income tax
("PPh") in accordance with the applicable laws and regulations, and the income tax
must be paid by the pertaining Resident Individual Taxpayer complying with the
provisions of Government Regulation Number 9 of 2021 concerning Tax Treatment to
Support Business Simplicity of Doing Business and its amendments.
5. Shareholders of the Company can obtain confirmation of dividend payments through
securities companies and or through custodian banks where the Company's
shareholders open a securities account, further the Company's Shareholders must be
responsible for preparing the dividend receipts report their respective tax return
forms of the relevant fiscal year in accordance with applicable tax laws and
regulations.
6. For shareholders who are the Non-Resident Taxpayers whose the taxes assessment of
them will use the rate based on the Double Tax Avoidance Agreement ("P3B") must
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comply with the requirements of the Director General of Taxes Regulation Number
PER- 25/PJ/2018 concerning Procedures of the Implementation of Double Tax
Avoidance Agreement and deliver a proof of record documents or DGT / SKD receipts
that have been uploaded on the page of the Directorate General of Taxes to KSEI or
the Securities Administration Bureau in accordance with the relevant KSEI provisions
and regulations concerning DGT submission deadline. Without the document, the
cash dividends paid will be subject to Article 26 of the Income Tax of 20%.
Jakarta, March 13, 2024
PT Bank Mandiri (Persero) Tbk.
BOARD OF DIRECTORS
16
Names mentioned 41 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Andrinof Achir Chaniago
p.1 ×2
unresolved
person
Rr. Loeke Larasati Agoestina
p.1 ×4
unresolved
person
Arif Budimanta
p.1 ×2
unresolved
person
Susana Indah Kris Indriati
p.2 ×2
unresolved
person
Timothy
p.2 ×2
unresolved
org
Sentral Efek Indonesia
p.2
unresolved
org
Financial Services Authority
p.3 ×3
unresolved
person
MLI.
p.4 ×2
unresolved
org
PT Datindo Entrycom
p.4
unresolved
org
Rintis & Rekan
p.4
unresolved
org
Rintis & Partners
p.5
unresolved
org
Rintis dan Rekan
p.8
unresolved
org
Minister of State-Owned Enterprises Regulation Number PER-
p.10 ×2
unresolved
person
Zainudin Independent
p.11
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.15
unresolved
org
Directorate General of Taxes
p.16
Extraction attempts how the parser did, and what it refused
Nothing structured was extracted from this document — the attempts below say why.
Rule parser
Needs review
confidence 0.000
1041 ms
12 Sep 2026 23:05
no RUPS minutes content - likely misclassified