AGII AGMS Approves to Distribute Cash Dividend amounting to IDR 30.67 Billion and Announces New Board Members

By Press Release27 July 2022

Jakarta, 27 July 2022 - PT Aneka Gas Industri Tbk (“AGI” or “the Company”) will distribute cash dividends for the 2021 financial year amounting to IDR 30.67 billion or IDR 10,063 per share. The amount is equivalent to 15% of the Company’s 2021 profit which reached IDR 211.48 billion. This was stated in the results of the Annual General Meeting of Shareholders ("AGMS") that was held on July 27th 2022. The Company obtained approval for the entire agendas of the AGMS, including approval of the Annual Report of the Board of Directors regarding the Company's business activities and financial performance for the financial year ending December 31st 2021. The cash dividend will be distributed to the shareholders of the Company whose names are recorded in the Register of Shareholders of the Company as of July 4th 2022 at 16:00 Western Indonesian Time. Payment of cash dividends to the Company's shareholders will be made on August 26th 2022. Compared to the previous year’s dividend distribution, namely for the 2020 financial year, the dividend distributed by the Company for this year has increased by more than 200%. During the 2020 financial year, the Company only distributed cash dividends of IDR 3.15 per share or a total of IDR 9.58 billion.

In addition to the distribution of cash dividends, the AGMS had another agenda, namely changes in the members of the Board of Commissioners and Directors. The Company appointed Michael William P. Soeryadjaya as Commissioner, as well as Komjen Pol (P) Drs. Sutanto, S.H., and Dr. Dr. Robiyanto S.E., M.M., as Independent Commissioners. The Company also appointed Octavianus Santoso Rastanto, S.T., to fill the Company's Board of Directors.

In regards to other meeting agendas, the Company also plans to transfer their treasury shares (buy back shares) that have been purchased since 2020 as a response to the economic situation in the early days of the pandemic. This is in line with the Shares Buyback policy in POJK No. 2/POJK.04/2013 Article 12, which stipulates that in the event that there are still shares that were bought back and presently controlled by the Company for a period of 3 (three) years after the completion of the share buyback, the
Company must begin to transfer the shares from the buyback proceeds within a maximum period of time of 2 (two) years. Subsequently, the Company will transfer a maximum of 2,500,000 shares to the Company’s employees in an Employee Stock Purchase Plan (ESPP) program, which will take place from August 1st 2022 to January 31st 2023. The number of shares to be transferred is hoped to increase stock liquidity and serve as a form of appreciation for all stakeholders of the Company.

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