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ESSA announces first ever dividend since IPO

09 June 2022 11:25

JAKARTA - PT Surya Esa Perkasa Tbk (“ESSA”), a publicly listed company engaged in the Energy and Chemical sectors through its LPG (Liquefied Petroleum Gas) refinery and Ammonia plant, approved distribution of dividend for the first time after its Initial Public Offering (IPO) in 2012. ESSA will distribute dividend of IDR5 per share amounting to IDR 78.3 billion. This decision was made at the Annual General Meeting of Shareholders held on June 7, 2022. 

Vinod Laroya, President Director of ESSA, said, “We are pleased that in 2022, for the first time we can distribute dividends to ESSA shareholders. Strong commodity prices supported solid cash generation and increased shareholder returns. Our operational track record is exceptional, and we continue to gain efficiencies. We are continuously evaluating new growth opportunities and are optimistic about ESSA’s future as a clean energy company with the development of CCUS (Carbon Capture, Utilization & Storage) technology to produce Blue Ammonia.”

For information at this year’s AGMS, in addition to distribution of dividends, ESSA has also approved a change in the management structure, namely the resignation of one of the Directors of ESSA, Ida Bagus Made (IBM) Putra Jandhana. ESSA looks forward to continuing its strong performance with the continuation of all other remaining directors. (LM)

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