Annual General Meeting of Shareholders Decision Information for the year ended 2018

Decisions of the Company Annual General Meeting of Shareholders for the year ended 2018 held on 13th June 2019 have been fully realize in 2018, as reported in the 2019 Annual Report.

 

Annual General Meeting of Shareholders Decision Information for the year ended 2019

During the year 2020, the Company held one Annual General Meeting of Shareholders  on August 7th 2020, resulting in following decisions :

 

 

First Agenda:

• Approved the Annual Report for the financial year ended 31-12-2019 (thirty-one December two thousand and nineteen) as well as the Board of Commissioners' supervisory report for the financial year ended 31-12-2019 (thirty-one December two thousand nineteen).

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• Accepted and approved and ratified the Company's Financial Statements for the 2019 financial year which had been audited by the Public Accounting Firm (KAP) Doli, Bambang, Sulistiyanto, Dadang & Ali No. 00237 / 3.0266 / AU.I / 05 / 0945-2 / 1 / III / 2020 Regarding: Independent Auditor's Report dated March 4, 2020 with the opinion "Fair in All Material Matters", thereby releasing all members of the Board of Directors and Board of Commissioners of the Company from responsibility and all dependents (acquit et de charge) for the management and supervision actions they have carried out during the 2019 financial year (two thousand and nineteen), as long as their actions are reflected in the Company's Financial Statements for the 2019 financial year (two thousand and nineteen).

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Second Meeting Agenda:

Approved that the Company's net profit for the 2019 financial year is a total of Rp. 33,021,669,565, - (thirty three billion twenty one million six hundred sixty nine thousand five hundred sixty five Rupiah) shall be used as follows:

 

• From the Company's net profit, Rp. 50,000,000, - (fifty million Rupiah) will be allocated as a reserve in accordance with Article 70 of the Limited Liability Company Law;

• As much as Rp. 6, - (six Rupiah) for each share or a total of Rp. 17,000,502,336, - (seventeen billion five hundred two thousand three hundred and thirty six Rupiah) distributed as Cash Dividends to Shareholders;

• the remaining amount is Rp. 15,971,167,229, - (fifteen billion nine hundred seventy-one million one hundred sixty-seven thousand two hundred and twenty-nine Rupiah) is allocated as the Company's working capital and as retained earnings.

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Furthermore, giving power and authority to the Board of Directors of the Company with the right of substitution to determine the schedule and procedures for distribution of dividends for the 2019 Fiscal Year and announce it in a newspaper in accordance with applicable regulations.

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Third Meeting Agenda:

• Agree to give the authority to the Board of Commissioners to appoint a Public Accountant to audit the Company's Financial Statements for the 2020 Financial Year, with the limits that the Public Accountants who can be appointed are:

- Has obtained a license to provide Audit services as stipulated in the statutory provisions concerning Public Accountants;

- Has been registered with the Financial Services Authority as a Public Accountant; and

- Recommendations from the Company's Audit Committee.

• Agree to give the authority to the Board of Commissioners to determine the honorarium for the Public Accountant and other terms of appointment and appoint a replacement Public Accountant in the event that the appointed Public Accountant for any reason cannot complete the audit task of the Company's Financial Statements for the 2020 Financial Year, provided that In appointing a Public Accountant, the Board of Commissioners must take into account the recommendations of the Company's Audit Committee.

 

 

Fourth Agenda of the Meeting:

Approve:

1.

• The total honorarium for the Board of Commissioners for the 2020 financial year (two thousand and twenty) is a maximum of Rp.      200,000,000, - (two hundred million Rupiah).

• Authorization to the Board of Commissioners of the Company to determine the amount of salaries and benefits of the members of the Board of Directors of the Company for the 2020 financial year (two thousand and twenty).

2. Perform any and all other actions necessary for the above purpose without any exceptions.