AGMS 2018 Agenda

Posted on 5th April 2018

Agenda for AGMS 2018 are as follows:

  1. The approval of the Company’s 2017 Annual Report and The ratification of the Company’s Consolidated Financial Statement for the financial year ending on 31 December 2017.
  2. The determination of the Use of Net Profits for Financial Year 2017.
  3. The appointment of the Public Accountant Firm to audit the Company’s Financial Statements for Financial Year 201
  4. The determination of the Salaries and Allowances to the Members of the Board of Directors and Salaries or Honoraria and Allowances to the Members of the Board of Commissioners of the Company for the year 2018.
  5. Approval for Shares Buyback as explained in OJK Regulation no. 30 / POJK.04 / 2017.
  6. The approval for the plan of the issuance US Dollar-denominated bonds or notes to be issued by a wholly-owned subsidiary of the Company which has corporate guarantee from the Company, that will be offered to investors outside of Indonesia that constitutes as a material transaction on the basis of Regulation No. IX.E.2 Annex of the Bapepam & LK Chairman’s Decision No. Kep 614/BL/2011 dated November 28, 2011 regarding Material Transactions and Main Business Activity Changes.
  7. Use of proceeds report of Continuous Rupiah Bond II Phase II Year 2017 and Continuous Rupiah Bond II Phase III Year 2017.

Explanation for the Meeting agenda:

  • Agenda 1 through 4 are routine agendas held every year based on the Company’s Articles of Association and Law No 40 Year 2007 regarding Limited Liabilities Company.
  • Agenda 5 related to the Company plan to conduct Shares Buyback as much as 204,000,000 shares (4,55% of total issued and fully paid-in capital) as previously announced on March 21, 2018
  • Agenda 6 to seek approval for the plan of obtaining funding for the business development of the Company and its subsidiaries through the alternative of issuance of US Dollar-denominated bonds or notes to be issued by a subsidiary of the Company which has corporate guarantee from the Company, that will be offered to investors outside of Indonesia, so long as the Company receives feasible terms as well as provides benefits for the Company. The relevant Information Disclosure has been published on March 21, 2018.
  • Agenda 7 the Company will provide reports on use of proceeds from:
  1. The Company’s Continous Rupiah Bond II Phase II year 2017 which raised IDR700,000,000,000 (seven hundred billion Rupiah); and
  2. The Company’s Continous Rupiah Bond II Phase III year 2017 which raised IDR700,000,000,000 (Seven hundred billion Rupiah).
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