1945 - 2022

Dr. HC. Ir. H. Arifin Panigoro bin Yusuf Panigoro

Medco Group Founder

It is with heavy heart that we announce the passing of our Company's Founder. He was a prominent and visionary figure of inspiration to us and to the Company. Not only he was passionate in what he did, he was also a dedicated man of honor to the nation and the country. May his legacy always live in the Company's soul and activities.

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Login | Wednesday, 29 November 2023 |

MedcoEnergi AGMS & EGMS Results

Media Release


MedcoEnergi AGMS & EGMS Results

Jakarta, 19 June 2016 - PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") held on Friday 16 June 2017 its Annual General Meeting and Extraordinary Meeting of Shareholders (AGMS and EGMS).

The AGMS approved the 2016 Annual Report and 2016 Audited Consolidated Financial Statements of the Company, appointed a Registered Public Accounting Firm who will audit the Company’s Financial Statement for the year ended 31 December 2017 and fixed the remuneration of the BOD and the BOC for the period of January – December 2017.

MedcoEnergi released its 2016 Financial Results on March 31st and a copy of the Press Release is available on its website.

At the EGMS, the Shareholders also approved an extension of the implementation period for the Company’s previously approved Rights Issue program in 2016 and Shareholders also approved the 4:1 stock split of the Company’s shares.

The Company will shortly release its 2017 Q1 Audited Financial Results with an accompanying Press Release.

Hilmi Panigoro, President Director of PT Medco Energi Internasional Tbk, said "Last year, 2016 was a transformational year for MedcoEnergi. Two large acquisitions together with hard work and prudent implementation of our operational efficiencies resulted in increased revenue, EBITDA, Net Profit and share prices. We aim to continue to Deliver Value throughout 2017.”