The Annual General Meeting of Shareholders ("AGM") of PT Matahari Department Store TBK ("Matahari" or the "Company"; Stock Code: "LPPF") on March 29, 2023 approved a final dividend of Rp 525 per share for the financial year 2022. The final dividend will be paid on April 27, 2023. Thus, shareholders registered in the Company's shareholder register on April 11, 2023 (" recording date ") will be entitled to receive the dividend payment. This is in accordance with the management policy for a minimum dividend payment of 50%.
Terry O'Connor, Vice President Director and CEO of Matahari said, "The Board of Directors would like to express our appreciation for the hard work and full commitment of all employees and the guidance of the Board of Commissioners and its supporting Committees that have helped us achieve our targets with the main objective of increasing customer, shareholder and other stakeholder satisfaction. We would also like to express our gratitude for the support and trust given by shareholders to the Board of Directors. The Board of Directors is committed to maximizing shareholder value in the future."
The AGM approved the resignation of Miranti Hadisusilo as the Company’s Independent Director. Terry said, “We would like to thank Miranti for her outstanding contribution and cooperation during her tenure and wish her all the best. We are pleased to welcome Rachel Stack to the Board of Directors. Rachel joined Matahari as Chief Merchandising Officer in 2020. We are confident that Rachel will continue to contribute to the Board of Directors and Matahari’s executive leadership. Our diverse backgrounds will skillfully navigate the Company through challenges and issues that could slow down the achievement of sustainable growth.”
The Company's shareholders also approved a decrease in capital by means of the transfer of treasury shares from the share buyback carried out by the Company from June 7, 2022 to March 28, 2023, resulting in a decrease in capital from 2,364,423,580 shares to 2,260,292,880 shares.
