Page 61 - XL Axiata Integrated Anual Report 2020 ENG

2020 Integrated Annual Report
59
On 17 June 2020, the Company carried out cash dividend payout of Rp20 per share or totaling Rp213.02 billion to the shareholders.
Material Transaction Disclosures
Pursuant to POJK No.17/POJK.04/2020 regarding the disclosure of Material Transactions carried out for the Company’s business activity within 2020, we hereby informed that there were no material transactions conducted in the Company’s business activity during 2020.
Affiliates Transctions & Related Parties Information
Pursuant to POJK No.42/POJK.04/2020 regarding disclosure of Affiliates Transactions. The Company
has disclosed that the transactions with related parties are made under terms and conditions as those made with third parties.
At the time the transactions were entered, the Company is in compliance with the regulations of Indonesian Capital Market and Financial Institution Supervisory Agency No. IX.E.1 regarding Affiliated Transactions and Conflicts of Interest on Certain Transactions.
Detailed information on all transactions can be found on Note 29 of the Financial Statements as enclosed to this Integrated Annual Report.
REGULATORY CHANGES
Issued Issued By Regulation No. & Title Impact To The Company Date
16 April 2020
20 April 2020
20 April 2020
20 April 2020
20 April 2020
30 April 2020
1 July 2020
Minister of Communication and Informatics
Minister of Communication and Informatics
Financial Services Authority (“OJK”)
OJK
OJK
Minister of Communication and Informatics
OJK
Regulation of the Minister of Communication and Informatics No. 1/2020 on Control of Telecommunication Tools and/ or Devices Connected to Mobile Network Through International Mobile Equipment Identity
Regulation of the Minister of Communication and Informatics No. 2/2020 on Amendment to Regulation of the Minister of Communication and Informatics No. 13/2019 on Provisions of Telecommunication Services
OJK Regulation No. 15/ POJK.04/2020 on the Plan and Implementation of Public Companies’ GMS
OJK Regulation No. 16/ POJK.04/2020 on the Implementation of e-GMS
OJK Regulation No. 17/ POJK.04/2020 on the Material Transaction and Change of Business Activities
Regulation of the Minister of Communication and Informatics No. 3/2020 on Payment Due of Post Services Contribution, Cost of Telecommunications Operation Rights, USO Contribution, and License Fees for Broadcasting
OJK Regulation No. 42/ POJK.04/2020 on Affiliated Transaction and Conflict of Interest
Potential additional investment is required for the Company to meet the requirement as per regulation
No major impact to the Company on the issuance of this regulation. However, the follow up regulation of this regulation (Regulation of the Minister of Communication and Informatics No. 1/2021) may potentially impact the Company, i.e. open access for Government monitoring.
The Company is now able to conduct an electronic GMS (“e-GMS”) and The Company is no longer required to publish announcement, invitation and result of GMS through newspapers
The Company has been exercising this Regulation since it was issued. The Company is now able to conduct e-GMS
The scope of Material Transaction under this regulation is wider than the previous regulation. By the implementation of this regulation, the Company will likely has more obligation on transactions done by the Company as this regulation is no longer giving limitations on the form of transactions
No major impact to the Company of the Cost of Telecommunications Operation Rights payment and USO Contribution payment for 2019 fiscal year.
The scope of Affiliated Transaction under this regulation is wider than the previous regulation. By the implementation of this regulation, the Company will likely has more obligation on transactions done by the Company with its affiliation as this regulation is no longer giving limitations on the form of transactions
TRANSFORM FASTER TO EMERGE STRONGER – GIVING BACK TO THE NATION PT. XL AXIATA TBK