2021 AGMS: PT Triputra Agro Persada Tbk Distributes Dividend of 41% of Net Profit in 2021

Jakarta, May 24, 2022- PT Triputra Agro Persada Tbk (TAPG), at its 2021 Annual General Meeting of Shareholders (AGMS), has agreed to distribute dividends in a total of Rp496,313,500,000 or Rp25 per share. The company recorded a net profit for the 2021 fiscal year at Rp1,198,747,103,889, or an increase of 29% compared to the prior year's figure.

The TAPG AGMS took place at The Ritz-Carlton Jakarta, Mega Kuningan. The meeting was held in accordance with applicable regulations and by enforcing health protocols. The AGMS saw the attendance of the Board of Directors, the Board of Commissioners of the company as well as shareholders and their proxies who have fulfilled the quorum of AGMS attendance. All shareholders and proxies have the right to vote on all resolutions for every meeting’s agenda. 

Other than the approval for usage of net income, TAPG President Director Tjandra Karya Hermanto explained at the AGMS the company has used all the proceeds from the initial public offering in accordance with the plan for using the public offering funds listed in the Public Offering Prospectus. The plan has been submitted to the Financial Services Authority (OJK) as a fulfillment of the OJK Regulation concerning the Report on the Realization of the Use of Proceeds from the Public Offering.

The AGMS also approved other agenda, namely the amendment of Article 3 of the Articles of Association regarding the Objectives and Business Activities of the company. The amendment has been made to adjust to the 2020 Indonesian Standard of Industrial Classifications (KBLI) and to change the status of the Company from Foreign Investment to Domestic Direct Investment or National Private Corporation in corresponding with the company's status as a public company.

On the same day, the company held an online public expose. During this virtual event, TAPG Board of Directors asserted that the company has recorded a positive performance, both in operating and financial activities. The Board added that the company managed to tackle all the challenges presented throughout 2021. Moreover, the Board shared with the audience efforts the company has made to boost performance in 2022.

-Fin-