129
CIMB NIAGAANNUAL REPORT 2019
Supporting Business Review
Corporate Governance Report
Corporate Social Responsibility
Others Corporate Data Consolidated Financial Report
tOp 20 lARgEst sHAREHOlDERs
No. Shareholder Status Number of Shares
(sheet) Shareholding (%)
1. CImb GROUP SDN b HD - NON TRADING Institution – Foreign 22,936,243,134 91.26
2. PT COmmERCE KAPITAL NPWP Limited Liability
Company
255,399,748 1.02
3. CITIbANK NEW YORK S/A GOVERNmENT OF NORWAY - 16 NPWP Limited Liability Company
201,368,500 0.80
4. bANK CImb NIAGA TbK PT. bank Domestic 197,986,802 0.79
5. CITIbANK NEW YORK S/A GOVERNmENT OF NORWAY - 15 Institution – Foreign 162,219,731 0.65 6. CITIbANK NEW YORK S/A GOVERNmENT OF NORWAY - 23 Institution – Foreign 130,552,500 0.52
7. PT. PRUDENTIAL LIFE ASSURANCE - REF Insurance - NPWP 59,700,100 0.24
8. CImb GROUP SDN bHD - TRADING Institution – Foreign 55,093,447 0.22
9. LINDRAWATI WIDJOJO Individual - Dometic 54,300,000 0.22
10. PHILLIP SECURITIES PTE LTD Institution – Foreign 42,453,163 0.17
11. PT. KL TRIO NPWP Limited Liability
Company
35,500,000 0.14
12. mANULIFE DANA EKUITAS Insurance NPWP 28,372,600 0.11
13. CGS-CImb SECURITIES (SINGAPORE) PTE LTD Institution – Foreign 28,364,296 0.11
14. REKSA DANA SAm DANA CERDAS mutual Fund 26,367,400 0.10
15. THE NT TST CO S/A Vb SELECT PAN-ASIA FUND I, LP Institution – Foreign 25,000,000 0.10
16. OCbC SECURITIES PTE LTD -CLIENT A/C Institution – Foreign 23,935,849 0.10
17. bNYm RE bNYmLb RE EmPLOYEES PROVIDENTFD bOARD-2039927326
Institution – Foreign 19,315,056 0.08
18. CLEARSTREAm bANKING S.A. LUXEmbOURG Institution – Foreign 18,298,795 0.07
19. REKSA DANA mANDIRI DYNAmIC EQUITY mutual Fund 16,047,400 0.06
20. PT ELANG mAHKOTA TEKNOLOGI TbK NPWP Limited Liability Company
15,822,800 0.06
Others - 799,265,522 3.18
Total 25,131,606,843 100.00
The ownership of PT bANK CImb NIAGA TbK shares listed in the above table relate to Treasury Shares.
sHAREHOlDERs WitH mORE tHAn 5% sHAREs
Shareholder Number of Shares
(sheet) Shareholding
(%)
CImb GROUP SDN bHD 22,991,336,581 91.48
As per 31 December 2019, there were no institutional shareholders with shares above 5% with CImb Niaga shares other than CImb Group Sdn bhd, which is the controlling shareholder of the bank. However, CImb Niaga still guarantees the rights of the shareholders as stipulated in Article 11 Paragraph 3. of the Articles of Association, that shareholders whether individually or jointly representing at least 1/10 of the total number of shares with valid voting rights, may propose agenda items to the GmS, including in this case nominations to the board of Directors and board of Commissioners of the bank.
SHAREHOLDER
Performance Highlights Management Reports Company Profile Management Discussion and Analysis
Risk Management
sHAREHOlDERs WitH lEss tHAn 5% sHAREs
Shareholder group
local Foreign
Number of
Shares Shareholding (%) Number of
Shareholders Number of
Shares Shareholding (%) Number of Shareholders
Individual 433,773,147 1.73 18,043 12,803,935 0.05 109
Institution - - - 897,329,683 3.57 158
KITAS NPWP Individual
- - - 11,901,713 0.05 13
bank 201,953,536 0.80 27 - - -
broker 8,923,978 0.04 48 - - -
Indonesian Government
130,500 0.00 1 - - -
NPWP Insurance 113,891,990 0.45 31 - - -
Cooperative 611,313 0.00 12 - - -
Reksadana (mutual Fund)
142,685,834 0.57 72 - - -
Pension Funds 19,046,674 0.08 40
NPWP Limited liability company
351,222,320 1.40 381 898 0.00 2
Limited liability company without NPWP
54,783 0.00 3 - - -
Foundation 43,968 0.00 31 - - -
NPWP Foundation
989,437 0.00 5 - - -
Total 1,273,327,480 5.07 18,694 922,036,229 3.67 282
Group of Shareholders with less than 5% shares in 2019 consists of 18,694 (eighteen thousand six hundred ninety four) shareholders of both institution and individual shareholders. Group of Shareholders with less than 5% shares classified as individual and institution for both local and international as follow:
Shareholder group Number of Shareholders Number of Shares Shareholding (%)
Individual 18,164 404,178,795 1.61
Institution 793 395,086,727 1.57
Domestic 18,694 1,273,327,480 5.07
Foreign 540 23,858,279,251 94.93
131
CIMB NIAGAANNUAL REPORT 2019
Supporting Business Review
Corporate Governance Report
Corporate Social Responsibility
Others Corporate Data Consolidated Financial Report
numBER OF sHAREHOlDERs AnD pERCEntAgEs BAsED On ClAssiFiCAtiOn
Shareholder Classification Number of Shareholders Number of Shares Shareholding (%) Local
bank 27 201,953,536 0.80
broker 48 8,923,978 0.04
Indonesian Government 1 130,500 0.00
Individual 18,043 433,773,147 1.73
NPWP Insurance 31 113,891,990 0.45
Cooperative 12 611,313 0.00
Reksadana (mutual fund) 72 142,685,834 0,57
Pension Funds 40 19,046,674 0,08
NPWP Limited Liability Company 381 351,222,320 1.40
Limited liability company without NPWP 3 54,783 0.00
Foundation 31 43,968 0.00
NPWP Foundation 5 989,437 0.00
Sub Total 18,694 1,273,327,480 5.07
Foreign
Individual 104 12,803,858 0.05
Institution 152 23,833,572,800 94.84
NPWP Limited liability company 1 880 0.00
Individual - KITAS & NPWP 13 11,901,713 0.05
Sub Total 270 23,858,279,251 94.93
Total 18,964 25,131,606,731 100.00
tHE sHAREHOlDings (DiRECt AnD inDiRECt) OF tHE mEmBERs OF BOARD OF COmmissiOnERs AnD BOARD OF DiRECtORs
The Shareholdings (Direct and indirect) of the members of board of Commissioners and board of Directors in 2019, is a follows:
Name Position CIMB Niaga
Shares CIMB group
Shares
other Bank/
Financial Institutions
Shares
Non Financial Institutions Shares
Board of Commissioners Tengku Dato’ Sri Zafrul Tengku Abdul Aziz*
Presiden Commissioner
60,031 (<1%)
60,924 (<5%)
1,500,000 -
Glenn m.S. Yusuf ** Vice President Commissioner
69 (<1%)
- - -
Zulkifli m. Ali Independent Commissioner
- - - -
Pri Notowidigdo Independent Commissioner
- - - PT Profesindo Reksa
Indonesia: 90%
Jeffrey Kairupan Independent Commissioner ***
- - - PT Tehilah Indonesia Synergi
(PmA): 10%
Performance Highlights Management Reports Company Profile Management Discussion and Analysis
Risk Management
Name Position CIMB Niaga
Shares CIMB group
Shares
other Bank/
Financial Institutions
Shares
Non Financial Institutions Shares
David Richard Thomas
Commissioner - 1,362,318
(<5%)
- Starbucks Corporation (SbUX):
1.764,2 saham atau <1% - (tercatat an. David Richard Thomas & isteri an. Catherine Campbell Thomas)
Didi Syafruddin Yahya
Commissioner - - - • JP morgan Chase: 15.767
(share sheets) or <5%;
• PT Varia Inti Sekuritas:
1.500.000 (share sheets) or <5%;
• AT&T: 5.000 share;
• Empress Properties Sdn bhd: 100 share sheets or
<5%; (note. Didi Syafruddin Yahya, Sarina mahmood’s wife, and Iman Yahya &
Farah Dianputri’s children).
Sri Widowati Independent Commissioner
- - - -
Board of Directors
Tigor m. Siahaan President Director 6,471,356 (<1%)
72,189 (<5%)
- -
Rita mas’Oen Director 189,700
(<1%)
238,071 (<5%)
- -
megawati Sutanto Director 148,400
(<1%)
330,773 (<5%)
- -
Vera Handajani Director 237,900
(<1%)
476,674 (<5%)
- -
John Simon Director 167,300
(<1%)
265,147 (<5%)
- -
Lani Darmawan Director 207,800
(<1%)
167,367 (<5%)
- -
Fransiska Oei Director 170,500
(<1%)
167,380 (<5%)
- -
Hedy Lapian Director 177,900
(<1%)
103,177 (<5%)
- -
Pandji P. Djajanegara Director 123,925
(<1%)
71,510 (<5%)
- -
Rahardja Alimhamzah ****
Director 137,700
(<1%)
- - • PT bakrie and brothers Tbk:
200,000 shares or <5%;
• PT multi Polar Tbk: 770,400 or <5%;
• PT matahari Putra Prima Tbk: 755,600 or <5%;
• PT bakrie Sumatera Plantations Tbk: 150,000 or <5%.
Lee Kai Kwong Director - 22,532
(<5%)
- -
133
CIMB NIAGAANNUAL REPORT 2019
Supporting Business Review
Corporate Governance Report
Corporate Social Responsibility
Others Corporate Data Consolidated Financial Report
tRAnsACtiOn OF BOARD OF COmmissiOnERs AnD BOARD OF DiRECtORs’ sHAREs In accordance with OJK Regulation No. 11/POJK.04/2017 concerning Report of Ownership or Any Changes in Ownership of Public Company’s Shares, each member of the board of Commissioners and board of Directors is required to submit information to the bank regarding ownership and any change in ownership of the bank’s shares no later than 3 (three) working days after the transaction occurs . In addition to the OJK Regulation, the bank has provision as stipulated in the Conflict management Policy which requires each member of the board of Commissioners and/or board of Directors to notify the transaction of their CImb Niaga’s shares at least 2 (two) working days before the transaction and must report such transaction within 2 (two) working days after the transaction occurs. Furthermore, the bank is required to submit a report to OJK for such transactions not later than 10 (ten) days after the transactions occur. In 2019, there were no transactions to buy or sell CImb Niaga shares by the board of Commissioners and board of Directors.
Name Position Type of
Transaction
Number of Shares as of 31 december
2018
Buy/Sell
volume Share Price
Number of Shares as of 31 december
2019
Transaction
date Reporting
Tengku Dato’ Sri Zafrul Tengku Abdul Aziz*
Presiden Commissioner
- 60,031 - - 60,031 - -
Glenn m.S. Yusuf** Vice President Commissioner
- 69 - - 69 - -
Zulfikli m. Ali Independent Commissioner
- - - - - - -
Pri Notowidigdo Independent Commissioner
- - - - - - -
Jeffrey Kairupan Independent Commissioner ***
- - - - - - -
David Richard Thomas
Commissioner - - - - - - -
Didi Syafruddin Yahya Commissioner - - - - - - -
Sri Widowati Independent Commissioner
- - - - - - -
Tigor m. Siahaan President Director - 6,471,356 - - 6,471,356 - -
Rita mas’Oen Director - 189,700 - - 189,700 - -
megawati Sutanto Director - 148,400 - - 148,400 - -
Vera Handajani Director - 237,900 - - 237,900 - -
John Simon Director - 167,300 - - 167,300 - -
Lani Darmawan Director - 207,800 - - 207,800 - -
Pandji P. Djajanegara Director - 123,925 - - 123,925 - -
Hedy Lapian Director - 177,900 - - 177,900 - -
Fransiska Oei Director - 170,500 - - 170,500 - -
Rahardja Alimhamzah ****
Director - 137,700 - - 137,700 - -
Lee Kai Kwong Director - - - - - - -
*) Has tendered his resignation from his position as President Commissioners through the letter that has been received on 9 march 2020 and will be conveyed to obtain resolution in the 2020 AGm
**) Has tendered his resignation as Vice President Commissioner according to the letter dated 31 August 2019 which effective on 1 September 2019
***) Appointed as Senior Independent Commissioner of the bank through CImb Niaga board of Commissioners Circular Decree No. 014/DEKOm/KP/VI/2019 dated 28 June 2019
****) Has tendered his resignation as Director through the letter that has been received by the bank on 21 February 2020
Performance Highlights Management Reports Company Profile Management Discussion and Analysis
Risk Management
DEvElOpmEnt OF CApitAl stRuCtuRE AnD numBER OF OutstAnDing sHAREs in tHE lAst 5 (FivE) yEARs
In the period 2014 to 2019 CImb Niaga did not issue new shares, so the capital composition of the December 31, 2019 did not change and remains as follows:
description Number of Shares Nominal
(Rp)
Authorized Capital 50,886,460,336 2,900,000,000,000
Class A Nominal Rp5.000 71,853,936 359,269,680,000
Class b Nominal Rp50 50,814,606,400 2,540,730,320,000
Issued/Paid Capital 25,131,606,843 1,612,257,325,350
Class A Nominal Rp5.000 71,853,936 359,269,680,000
Class b Nominal Rp50 25,059,752,907 1,252,987,645,350
Share Not Yet Issued/Paid 25,754,853,493 1,287,742,674,650
Class A Nominal Rp5.000 - -
Class b Nominal Rp50 25,754,853,493 1,287,742,674,650
135
CIMB NIAGAANNUAL REPORT 2019
Supporting Business Review
Corporate Governance Report
Corporate Social Responsibility
Others Corporate Data Consolidated Financial Report
CImb Niaga listed its initial shares on the Indonesia Stock Exchange (formerly Surabaya Stock Exchange) on 29 November 1989, through an initial public offering of 5,000,000 bank shares to the public with a nominal value of Rp1,000 per share and an offer price of Rp12,500
During 2019, CImb Niaga did not conduct a private placement. The history of the listing and issuance of CImb Niaga shares up to the end of the fiscal year is detailed below:
year Corporate Action Number of New
Shares Stock Exchange
listing date Number of Shares Total Paid-up Capital
1989 Initial Public Offering (IPO) 5,000,000 29-11-1989 5,000,000 5,000,000,000
1991 Share Dividend 1,170,953 19-02-1991 6,170,953 6,170,953,000
1992 Limited Public Offering with pre-emptive Rights Issue (PUT I)
5,252,500 23-12-1992 11,423,453 11,423,453,000
1993 Company Listing 46,353,964 01-03-1993 57,777,417 57,777,417,000
1995 Shares bonus from Agio 57,777,417 26-12-1995 115,554,834 115,554,834,000
1996 Convertible bond 42,020,000 15-02-1996 157,574,834 157,574,834,000
1996 Limited Public Offering with pre-emptive Rights Issue (PUT II)
31,514,487 15-11-1996 189,089,321 189,089,321,000
1997 Stock Split (Rp1,000 to Rp500/ shares)
Class A (@Rp500) 378,178,642
08-09-1997 378,178,642 189,089,321,000
1997 Shares bonus from Agio Class A (@Rp500) 340,360,709
16-09-1997 718,539,351 359,269,675,500
1999 Limited Public Offering with pre-emptive Rights Issue (PUT III)
Class b (@Rp5) 71,135,395,749
09-08-1999 Class A
718,539,351 Class b 71,135,395,749
359,269,675,500 355,676,978,745
2001 Limited Public Offering with pre-emptive Rights Issue (excluding 782,460,672 b Class share which were not listed)
Class b (@Rp5) 6,392,132,084
21-3-2001 Class A
718,539,351 Class b 77,527,527,833
359,269,675,500 387,637,639,165
2004 Limited Public Offering without pre- emptive Rights Issue
Class A (@Rp500) 9 Class b (@Rp5) 7
12-5-2004 Class A
718,539,360 Class b 77,527,527,840
359,269,675,500 387,637,639,200