The Company’s Shares have the same and equal rights including in relation to dividends, in accordance with the Company’s Articles of Association and the Indonesian Company Law. Subject to the limitations and considerations, the Company’s policy is to pay dividends to its shareholders in the amount of up to 80% of net income each year, beginning in 2022 with respect to net income in 2021. Dividends will be subject to the Company’s cash flows and investment plans, as well as requirements imposed by its indebtedness, Indonesian laws and regulations and any other requirements.
Subject to the Company’s financial performance and financial condition from time to time, the Company may also revisit and change its dividend policy in accordance with the prevailing laws and regulations. To maximize dividends to shareholders, the Company has distributed dividends to shareholders amounting to US$99.8 million, US$75.0 million and US $202.2 million in 2018, 2019 and 2020, respectively.