Our authorized capital consists of the Dwiwarna share and 79,999,999,999 shares of common stock. Among these authorized share, 20,159,999,280 are issued and fully paid, consist of the Series A Dwiwarna share and 20,159,999,279 series B shares. The Dwiwarna share is owned by the Government and carries special voting rights and the right to veto the appointment or removal of any director or commissioner, the issue of new shares and amendments to our Articles of Association including amendments to merge or dissolve TELKOM prior to the expiry of its term of existence, to increase or decrease our authorized capital or to reduce our subscribed capital. The material rights and restrictions placed on the Common Stock are also apply to the Dwiwarna share except that the Government cannot transfer the Dwiwarna share. The Government’s ownership of the Dwiwarna Share gives it effective control over our Company even if it decreases its ownership of our Common Stock and its rights with respect to the Dwiwarna Share may only be modified by an amendment of our Articles of Association, which the Government may veto.
Composition of TELKOM's Shareholders, as of December 31, 2010
Series A Dwiwarna Shares
Series B Share (Common Stock)
%
Government of Republic of Indonesia
1
10,320,470,711
52.47
Public
9,348,954,068
47.53
Capital Subtotal (issued and Outstanding)
1
19,669,424,779
100.00
Treasury Stock
490,574,500
-
Total
1
20,159,999,279
100.00
Shareholders Owning more than 5% and Number of Shares Owned by Directors and Commissioners, as of December 31, 2010
