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MPMX Sets to Reward Shareholders with Record Dividend Payout at the Extraordinary General Meeting of Shareholders (EGMS)


JAKARTA, 30 October 2017 – PT Mitra Pinasthika Mustika, Tbk (Ticker: MPMX, “Company”), Indonesia’s smart mobility company, announced an interim cash dividend of Rp 105,- per share, during its Extraordinary General Meeting of Shareholders (EGMS) held on Thursday, 26 October 2017. The amount represents a dividend yield of 10.1% against the company’s closing share price of Rp 1,040 on the day with recording date of 7 November 2017 and payment date of 29 November 2017. The amount sets a new record for the company’s dividend history and reflect the confidence that the Company will continue to generate positive and growing cash flow moving forward.
 
Post-divestment of partial stakes in MPMFinance during the first half of 2017, the Company’s consolidated leverage ratio (net debt / equity) is down from 1.1x to 0.3x while cash position is stable at Rp 1.3 trillion. The Company’s earnings for the first half of 2017 have also been bouyant highlighted by strong improvements in the operational key levers and lower capital expenditures due to the light-asset business model approach the Company embarked. Upon the approval of the shareholders, the Company decided to distribute interim cash dividend of maximum Rp 450 billion.
 
“Today’s announcement is our latest step in returning value to our shareholders. Our strong balance sheet and cash position allow us to provide shareholders with this dividend, while preserving financial and operational flexibility to continue to grow our business", Group CEO Rudy Halim shares his comments on the accomplishment.  He also explained that the Company has done estimates which indicate that such distribution would not have any material adverse effect on the financial position of the Company. “It is also our commitment that the Company would like to give back to shareholders with consistent dividend distribution moving forward,” says Rudy.
 
MPMX’s interim dividend payout schedule is as follows:
 
No Description Date
1 The End of Stocks Trading Period With Dividend Rights (Cum Dividend)
  • Regular and Negotiation Markets
  • Cash Market
 
 
2 November 2017
7 November 2016
2 The Beginning of Stocks Trading Period Without Dividend Rights (Ex Dividend)
  • Regular and Negotiation Markets
  • Cash Market
 
 
3 November 2017
8 November 2017
3 Cut-off date for the Eligible Shareholders  (Recording Date) 7 November 2017
4 Payment Date 29 November 2017
 

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About PT Mitra Pinasthika Mustika Tbk
 
MPM is a leading Indonesian Company with a vision to positively impact lives through smart mobility and social integration. By collective power, we aim to deliver the most relevant products and services to the people in our ecosystems through innovation. Our businesses offer a broad spectrum of mobility solutions, from retailing and distributing motorcycles and cars, after-market parts and services, transportation and logistic services, and financial services. MPM is Indonesia’s mobility ecosystem and we will continue to create smarter mobility solutions to help Indonesia integrate better than ever before.
 
For further information, please visit www.mpmgroup.co.id or contact:
 
Media Inquiries                                                                                     Investor Inquiries
Nataya Ermanti                                                                                      Laura Lu
Corporate Communications                                                                Investor Relations  
nataya.ermanti@mpm-ho.com                                                           ir@mpm-ho.com