PT Matahari Department Store Tbk : MATAHARI APPROVED A TOTAL FINAL DIVIDEND OF IDR 525 PER SHARE
March 29, 2023 at 04:36 am EDT
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MATAHARI APPROVED A TOTAL FINAL DIVIDEND OF IDR 525 PER SHARE
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29 March 2023
Corporate Communications
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The Annual General Meeting of Shareholders ("AGMS") of PT Matahari Department Store Tbk ("Matahari" or the "Company"; stock code: "LPPF") on 29 March 2023 approved a final dividend of IDR 525 per share for the financial year 2022. The final dividend will be paid on 27 April 2023. Accordingly, the shareholders registered on the Company's shareholder list on 11 April 2023 (recording date) will be eligible for the dividend payment. This is in line with management policy for a minimum 50% dividend payout.
Terry O'Connor, Vice President Director and CEO of Matahari said, "The Board of Directors would like to extend its appreciation for the hard work and full commitment of all staff as well as for the guidance of the Board of Commissioners and its supporting Committees to help us achieve targets in a drive to delight customers, the shareholders and the other stakeholders. We also would like to express gratitude for the support and trust of shareholders in the Board of Directors. The Board of Directors will commit to maximizing the value for shareholders in times ahead."
The AGMS approved the resignation of Miranti Hadisusilo as the Company's Independent Director and the appointment of Rachel Stack as the new Independent Director. Terry said, "We would like to thank Miranti for her invaluable contribution and services during her tenure and wishes her well. We are delighted to welcome Rachel Stack to the Board of Directors. She joined Matahari as Chief Merchandising Officer in 2020. We are confident that Rachel will continue contributing strongly to our BOD and executive leadership at Matahari. Our diverse backgrounds will skillfully navigate the Company through challenges and issues that may hamper the sustainable growth achievement."
Shareholders also approved the transfer of the treasury shares from the share buyback made by the Company from 7 June 2022 until 28 March 2023, resulting in the capital reduction from 2,364,423,580 shares to 2.260.292.880 shares.
PT Matahari Department Store Tbk published this content on 29 March 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 March 2023 08:35:12 UTC.
PT Matahari Department Store Tbk is an Indonesia-based company, which is engaged in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, and household appliances, and management consulting service. The Companyâs segments include Sumatra; Java; Kalimantan, Sulawesi and Maluku, and Others. It operates approximately 156 stores. The Companyâs brands include Nevada, Details, Little M, connection, Cole and Pipiniko. It offer clothes, such as chaos and polo shirt, blouse shirt, sweater and cardigan, dress, outerwear, long pants, jeans, shorts, underwear and sleepwear, maternity clothes, sports clothing, playsuits and jumpsuits. It offers shoes, such as slippers, sneakers, sport shoes, slip Ons, formal shoes, and boots. It offers products under suitcase, such as backpack, shoulder bags, handbags, suitcases and travel bags, wallet, and sports bag.
PT MATAHARI DEPARTMENT STORE TBK 
