WOM Finance Will Share Dividends 2017 Total Value Rp54 Billion

INDUSTRY.co.id - Jakarta - The shareholders of PT Wahana Ottomitra Multiartha Tbk (WOMF), or WOM Finance, approved the dividend distribution for the fiscal year 2017 totaling Rp54 billion (Rp15.5 per share).

"The total dividend distributed by the company amounts to 30 percent of the total net profit of 2017 of Rp181 billion," said Djaja Suryanto Sutandar, President Director of WOMF, at the public exposure in Jakarta on Thursday (15/03/2018).

Djaja said all dividends for the fiscal year 2017 will be distributed to the shareholders of the company no later than one month after the Annual General Meeting of Shareholders (AGM) held Thursday (15/03/2018).

"Management also set aside Rp1 billion fund taken from the 2017 net income as general reserves. That is to comply with the provisions of Article 70 paragraph 1 of Law no.40 of 2007, regarding Limited Liability Company and Article 24 of the Company's Articles of Association," Djaja said.

Djaja revealed the remaining net profit of Rp125 billion in 2017 will be recorded as retained profit (retained profit).

Djaja said that the shareholders in the AGMS also approved the Report on the Realization of the Use of Funds of the Company's Public Offering in 2017, the Second Won Finance II Phase II Bonds in 2017 and the Second Won Finance Bonds II Phase III of WOM Finance in 2017 with a total fund of Rp1.5 trillion.

"The report is that all proceeds of the bond offer have been used up to support the financing activities of the Company," Djaja said.

In addition, Djaja, a shareholder in the Extraordinary General Meeting of Shareholders (EGMS) which also held today approved the change of domicile of the Company, where the Company will occupy a new location at the Altira Office Tower on Jalan Yos Sudarso Kav. 85, North Jakarta.

"Previously, our office was domiciled in Mega Glodok Kemayoran Office B5-6, Jalan Angkasa Kav B-6, Kota Baru Bandar Kemayoran, Central Jakarta," said Djaja. (Abraham Sihombing)