PRESS RELEASE

Thursday, 22 June 2017 16:07 wib
Annual General Meeting of Shareholders (AGMS) PT. Media Nusantara Citra Tbk

Jakarta, Indonesia – 22 June 2017

Today, PT Media Nusantara Citra Tbk (“Company”) held its Annual General Meeting of Shareholders (AGMS) to report on the Company's performance and audited financial statements for the financial year ended 31 December 2016.

The AGMS has resolved various agenda, as follows:

  1. Accepted the Annual Report of the Board of Directors of the Company and the Supervisory Report of the Board of Commissioners of the Company regarding the Company’s performance for the financial year ended 31st December 2016;
  2. Approved and ratified the Company’s consolidated financial statements for fiscal year 2016 duly audited by public accountant firm Satrio Bing Eny & Rekan and also granted the full release and discharged from their operational and supervisory duties conducted during the financial year ended 31 December 2016 (acquit et de charge), in the course of their actions are reflected in the Company’s financial statements for the year ended 31 December 2016, as well as by considering the Annual Report of the Board of Directors for the year ended 31 December 2016.
    1. To determine the usage of the Company’s net profit for the year ended 31 December 2016, as follows:
      1. Rp. 1.000.000.000,- (one billion Rupiah) will be recorded as a reserve fund to comply with the provisions of the Company’ Articles of Associations and Law No. 40 Year 2007 regarding Limited Liability Company;
      2. Cash dividend will be distributed to the shareholders of the Company, each of which will receive proportionally according to the number of shares owned, i.e. for every 1 (one) share entitled to receive a final cash dividend of Rp. 42,- (Forty Two Rupiah), based on the number of shares cum dividend date. The distribution procedure of such cash dividend will be announced in newspapers and is subject to the imposition of taxes in accordance with the prevailing tax laws and regulations; and
      3. The balance of the Company’s net profit will be booked as retained earnings to strengthen the Company’s capital structure.
    2. To approve bonus distribution, as the authorization to determine bonus amounts and distribution processes will be granted to the Board of Directors of the Company.
    3. To grant authority to the Board of Directors of the Company to implement the allocation of the net profits in the manner described above, including determining the payment schedule and the terms and conditions of the cash dividend to the shareholders of the Company, without any exception in accordance with the capital market regulations.
  3. To approve changes in the Company’s board of management;
    1. To accept the resignation of Ms. Diana Airin as Company Director, effective as of 20 May 2017, by granting full release (acquit et de charge) to all her actions as reflected in the Company’s Financial Statements.
    2. To reaffirm that effectively by the end of this AGMS, the structure of the Board of Directors and the Board of Commissioners are as follows:

      Board Of Directors
      President Director : David Fernando Audy
      Director : Kanti Mirdiati Imansyah
      Director : Faisal Dharma Setiawan
      Director : Ella Kartika
      Director : Arya Mahendra Sinulingga
      Director : Angela H. Tanoesoedibjo
      Independent Director : Gwenarty Setiadi

      Board Of Commissioners
      President Commissioner : Hary Tanoesoedibjo
      Commissioner : Adam Chesnoff
      Independent Commissioner : Sutanto

    3. To grant authority with substitution right to the Company Board of Directors to take all actions in regards to the appointment of the Company’s Board of Commissioners and the Board of Directors as mentioned above, including but not limited to, making or requesting as well as sign the deeds in accordance to the appointment of that particular member of the Board of Directors and the Board of Commissioner and to register the composition of members of the Board of Directors and Commissioners in the company list in accordance with regulations No. 3 year 1982 the Company Mandatory Registration.
    1. To grant authority to the Company’s Board of Directors to appoint Public Accountant Firms to audit the Company’s financial statement for the Financial Year, which ended on 31 December 2017.
    2. To grant authority to the Company’s Board of Directors to determine the amount of honorarium and other terms and condition in regards to appointment of the public accountant firm.
    1. To grant authority to the Board of Directors upon approvals from the Board of Commisioners to issue new shares regarding the approval of EMSOP exercise; and
    2. To grant authority to the Company’s Board of Directors to execute actions necessary in regards of the implementation of EMSOP, including making or requesting all documents, agreements, and deeds required, or to attend before an authorized party or officer, including notary, in entirety with no exception.

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For more information, please contact:

PT Media Nusantara Citra Tbk

Investor Relation
MNC Tower, 29th floor
Jl. Kebon Sirih Kav 17-19
Jakarta 10340
Phone:+62-21 3913 338
Fax : +62-21 3910 454
Email : investor.relations@mncgroup.com


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