Jakarta, 23 April 2021. PT XL Axiata Tbk (XL Axiata) today, Friday (23/4) holds the 2021 Annual General Meeting of Shareholders (Meeting). The meeting, which took place online, has 6 (six) agenda which have been approved in the meeting, including dividend distribution for shareholders of 50% of profit after adjustment, changes to the composition of board of commissioners, as well as addition in the company's business activities.
President Director & CEO of XL Axiata, Dian Siswarini said, “This year the Meeting approved the use of 50% of profits after adjusting it to be distributed as dividends to shareholders. The total dividend is more or less Rp 339.4 billion, which is equivalent to Rp 31.7 per share. The remainder of the profits will be used as a General Reserve Allocation of Rp 100 million, and any profits left thereafter will be recorded in Retained Earnings to support the development of the company's business."
More details regarding the resolution of the Meeting, on the first agenda, the Meeting approved and accepted the Annual Report of the Board of Directors of the Company regarding the activities and operations of the Company including but not limited to the results achieved during the financial year ending on 31 December 2020, the Supervisory Report of the Board of Commissioners of the Company for the 2020 financial year and to provide approval and ratification of the Company's Financial Statements for the financial year ended on December 31, 2020 which have been audited by Tanudiredja Public Accountant Firm, Wibisana.
In addition, the Meeting also approved the granting of full acquittal and discharge of responsibility (volledig acquit et de charge) to the members of the Board of Directors of the Company for their management actions and members of the Board of Commissioners of the Company for their supervisory actions in the financial year ending on 31 December 2020, as long as these actions are reflected in the Annual Report and recorded in the Financial Statements of the Company and do not constitute a criminal act or violation of the provisions of the prevailing laws and regulations.
On the second agenda, the Meeting approved the determination of net profit of the the Company for the financial year ended on 31 December 2020 with the following conditions:
On the second agenda, The Meeting also approved the General Reserve Allocation of Rp. 100,000,000 (one hundred million Rupiah), and agreed that the remaining Rp. 32,047,000,000 (thirty-two billion and forty-seven million Rupiah) (rounded) is recorded in the Retained Earnings to support the business development of the Company.
On the third agenda, the Meeting appointed Public Accounting Firm Tanudiredja, Wibisana, Rintis and Partners (members of PricewaterhouseCoopers) as the external auditor of the Company with Public Accountant Mr. Andry D. Atmadja, SE, Ak., CPA, to audit the Financial Statements of the Company for the Financial Year ended on December 31, 2021 and audits of other financial statements required by the Company.
The Meeting also authorizes the Board of Commissioners and / or the Board of Directors of the Company to take action and all management, including but not limited to determining the amount of professional honorarium, signing documents, and or appointing a Public Accountant Firm and / or other Public Accountant registered in the Financial Services Authority based on the recommendation of the Audit Committee if for one reason or another the Public Accounting Firm and / or Public Accountants above cannot carry out their duties.
Furthermore on The fourth agenda, the Meeting gives power and authority to the Board of Commissioners of the Company to determine the amount of salary, bonus and other benefits for members of the Board of Directors of the Company, and grants power and authority to the Nomination and Remuneration Committee of the Company to determine the amount of salaries, bonuses and other benefits for members of the Board of Commissioners of the Company in accordance with the structure and amount of remuneration based on the remuneration policy of the Company for the financial year ending on 31 December 2021.
In the fifth Agenda, the Meeting accepted the resignation and gave full release and discharge of responsibility (acquit et de charge) to Tan Sri Jamaludin bin Ibrahim as a member of the Board of Commissioner of the Company, for his supervisory actions since his appointment as a member of the Board of Commissioners of the Company until the end of his term of office, namely as of the closing of this Meeting, as long as these actions are reflected in the Annual Report and recorded in the Financial Statements of the Company and do not constitute a criminal act or violation of the provisions of the prevailing laws and regulations.
With the acceptance of the resignation, the composition of the members of the Board of Commissioners of the Company as of the closing of this Meeting are as follows:
President Commissioner: Dr. Muhamad Chatib Basri
Commissioner: Vivek Sood Dr. David R. Dean Dato’ Mohd Izzaddin bin Idris Dr. Hans Wijayasuriya
Independent Commissioner: Yasmin Stamboel Wirjawan Muliadi Rahardja Julianto Sidarto
Furthermore, in the fifth agenda item, the Meeting also appoints and gives the power of attorney with the right of substitution to the Board of Directors of the Company to take all actions necessary related to the decisions of the fifth agenda, including but limited to, appearing before relevant authorities, holding talks, giving and/or requesting information, submitting requests for notification of changes in the composition of the Company’s Board of Commissioners to the Minister of Law and Human Rights of the Republic of Indonesia and other relevant authorities, creating and/or signing deeds, letters and/or other documents as needed or deemed necessary, be in attendance before a Notary for the creation and signing of the deed of statement of resolutions of the Company’s meeting and carry out other matters that must and/or can be implemented in order to realize/materialize the decisions determined in the Meeting.
The sixth or final agenda, the Meeting approved the Change in the Company's Business Activities in the form of additional business fields based on the results of a Feasibility Study carried out in accordance with the provisions of the Financial Services Authority Regulation No. 17 / POJK.04 / 2020 concerning Material Transactions and Changes in Business Activities as well as approving amendments to Article 3 of Articles of Association of the Company in the context of Amendments to Business Activities in the form of additional business fields and restating the entire Articles of Association of the Company in connection with these Changes in Business Activities.
Then, the Meeting appoints and authorizes the Board of Directors of the Company with substitution rights to take all actions related to the decisions in the six agenda, including but not limited to appearing before the authorities, holding talks, giving and / or requesting information, submitting requests for approval and / or notification. for amendments to the Articles of Association of the Company to the Minister of Law and Human Rights of the Republic of Indonesia and other relevant authorities, making or signing deeds and letters or other documents that are needed or deemed necessary, present before a Notary to be drafted and signed deed of statement of the resolutions of the Company Meeting and carrying out other matters that must and / or can be carried out in connection with the implementation of the resolutions of the Meeting.