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 | Tuesday, 26 September 2023 |

MedcoEnergi Extraordinary General Meeting of Shareholders Results

Media Release


MedcoEnergi Extraordinary General Meeting of Shareholders Results

Jakarta, 15 November 2018 - PT Medco Energi Internasional Tbk ("MedcoEnergi" or the "Company") held an Extraordinary General Meeting of Shareholders today and obtained shareholder approval for a Capital Increase Without Pre-emptive Rights for up to 10% (ten percent) of the Company’s issued and paid-up capital.

The issuance expected to be completed within two years period for a new minimum price of Rp 868 per share, being the average closing price for the previous 25 trading days prior to the announcement. The proceeds from the issue will be used for general corporate purposes.

Hilmi Panigoro, President Director said, “In response to the continuing unstable world commodity and equity markets, the Company considers that it is prudent and conservative to maintain options to manage its capital structure”.