8. NOTIFICATION TO SHAREHOLDERS REGARDING THE SCHEDULE AND PROCEDURE FOR DISTRIBUTION OF CASH DIVIDENDS

In order to implement the resolutions of the Annual General Meeting of Shareholders of PT Saratoga Investama Sedaya Tbk (the “Company”) which was held on 15 May 2023, with one of the resolution is the approval for distribution of the cash dividend for the 2022 financial year in the amount of Rp75 (Seventy-Five Rupiah) per share, it is hereby notified to the shareholders of the Company that the schedule and the cash dividends payment procedures are as follows:

 

A. Cash Dividend Payment Schedule:

Remarks  Date
Submission of the schedule for the distribution of cash dividends to the Indonesia Stock Exchange 17 May 2023
Record date (tanggal pencatatan) in the Shareholders Register for determining the rights of the

shareholders to receive cash dividends

26 May 2023
Regular market and negotiation:

·     Cum Dividend

·     Ex-Dividend

 

24 May 2023

25 May 2023

Cash market:

·     Cum Dividend

·     Ex-Dividend

 

26 May 2023

29 May 2023

Distribution of cash dividends 14 June 2023

 

B. Cash Dividend Payment Procedure

  1. This announcement is an official notification from the Company, and the Company does not issue a specific notification to the Shareholders.
  2. Cash dividend payments are given to Shareholders whose names are recorded in the Company’s Register of Shareholders (Daftar Pemegang Saham or “DPS”) on 26 May 2023 at 16.15 WIB or what is referred to as the Record Date (Tanggal Pencatatan) of Shareholders entitled to cash dividends.
  3. For Shareholders whose shares are registered in the Collective Custody of PT Kustodian Sentral Efek Indonesia (“KSEI”), the cash dividend payments according to the schedule above will be made by way of book-entry through KSEI, and then KSEI will distribute them to the accounts of Securities Company or Custodian Bank where Shareholders opened their accounts
  4. Shareholders who are still using scripts, whose shares are not included in the collective custody of KSEI, and wish the cash dividend payments to be made by transfer to the bank account of the Shareholders, may notify the name and bank address as well as bank account number in the Shareholder’s name no later than 26 May 2023 at 16.00 WIB in writing to:

 

Shares Registrar Bureau (Biro Administrasi Efek or “BAE”) Office

PT Datindo Entrycom
Jl. Hayam Wuruk No. 28
Jakarta 10210, Indonesia
Phone: +62 21-350 8077 (Hunting)
Fax: +62 21-350 8078

 

  1. Based on the prevailing tax laws and regulations, cash dividend will be exempted from tax objects if it is received by domestic corporate taxpayer shareholder (“Domestic Corporate Taxpayer”) and the Company does not deduct Income Tax on cash dividends paid to the Domestic Corporate Taxpayer. Cash dividends received by domestic individual taxpayer shareholder (“Domestic Individual Taxpayer”) will be exempted from tax objects as long as the dividend is invested in the territory of the Republic of Indonesia in the form of an investment that has been determined and within a certain period as regulated under Article 4 (3) letter f number 1. a) Law No. 7 of 1983 regarding Income Tax as amended several times, lastly by Law No. 11 of 2020 regarding Job Creation in conjunction with Article 15 (1) Minister of Finance Regulation No. 18/PMK.03/2021. For Domestic Individual Taxpayer who do not meet the investment requirements as mentioned above, the dividends received by the person concerned will be subject to Income Tax in accordance with the provisions of the applicable laws, and the said Income Tax must be paid by the Domestic Individual Taxpayer concerned in accordance with the provisions of Government Regulation No. 9 of 2021 regarding Tax Treatment to Support Ease of Doing Business.
  2. For Domestic Corporate Taxpayer who have not submitted their Taxpayer Identification
    Number (Nomor Pokok Wajib Pajak “NPWP”) to the Securities Company and/or Custodian Bank where the shareholder opens a securities account, are required to submit their NPWP to KSEI through the Securities Company and/or Custodian Bank where the shareholder opens a securities account, no later than the date 29 May 2023 at 16.00 WIB.
  3. For shareholders other than those mentioned in point 5 above, the cash dividend will be taxed in accordance with the prevailing tax laws and regulations. The amount of tax imposed will be borne by the shareholders of the Company concerned and deducted from the amount of cash dividends that are the rights of the shareholders of the Company concerned.
  4. Shareholders who are Foreign Taxpayer whose tax deduction will use the rate based on the Double Taxation Avoidance Agreement must comply with the provisions of the Directorate General of Taxes Regulation No. PER-25/PJ/2018 regarding Procedures for the Implementation of Double Taxation Avoidance Agreements and shall submit DGT Form which has been legalized by Tax Service Office for Listed Companies to KSEI or BAE in accordance with KSEI rules and regulations, without the said document, cash dividends paid will be subject to a 20% deduction of Income Tax Article 26.
  5. If there are any tax issues at a later date or claims for cash dividends that have been paid to and received by shareholders whose shares are kept in KSEI’s collective custody other than the conditions in the points above, they are requested to resolve them with the Securities Company and/or Custodian Bank where the Shareholders open securities accounts by referring to the applicable tax regulations.

 

Jakarta, 17 May 2023

PT Saratoga Investama Sedaya Tbk
Board of Directors

 

SRTG-Notification of 2023 Dividend Payment Schedule

7. ANNOUNCEMENT ON THE SUMMARY OF THE MINUTES OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS PT SARATOGA INVESTAMA SEDAYA Tbk

ANNOUNCEMENT ON THE SUMMARY OF THE MINUTES OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
PT SARATOGA INVESTAMA SEDAYA Tbk

In compliance with the provisions of Article 49 paragraph (1) and Article 51 of the Financial Services Authority Regulation No.15/POJK.04/2020 dated 21 April 2020 regarding the Plan and Implementation of the General Meeting of Shareholders of Public Companies (hereinafter referred to as the “POJK No. 15”), the Board of Directors of PT SARATOGA INVESTAMA SEDAYA Tbk (hereinafter referred to as the “Company”) hereby informs the
shareholders, that the Company has held an Extraordinary General Meeting of Shareholders (hereinafter referred to as the “Meeting”):

A. On:

Day / Date : Monday / 15 May 2023
Time : 11.12 – 11.27 Western Indonesia Time
Place : Adaro Institute, Gedung Cyber 2, 26th floor
Jl. H.R. Rasuna Said Blok X-5, Kaveling 13, Jakarta 12950.
Meeting Agenda :
  1. Approval on the Company’s shares buyback plan.
  2. Approval on the use of Company’s treasury shares for Long Term Incentive Program of the Company

B. Members of the Board of Directors and the Board of Commissioners who attended the Meeting:

BOARD OF COMMISSIONERS

President Commissioners : Edwin Soeryadjaya
Commissioners : Joyce Soeryadjaya Kerr
Commissioners : Indra Cahya Uno
Independent Commissioners : Sidharta Utama
Independent Commissioners : Anangga W. Roosdiono

BOARD OF DIRECTORS

President Director : Michael William P. Soeryadjaya
Director : Lany Djuwita Wong
Director : Devin Wirawan

 

C. The Meeting was attended by 12,449,818,678 shares with valid voting rights or 92.11% of all shares with valid voting rights issued by the Company.

D. During the Meeting, Shareholders and/or their proxies are given the opportunity to ask questions and/or provide opinions regarding the agenda of the Meeting.

E.

Meeting Agenda 1 : No questions and/or responses
Meeting Agenda 1 : No questions and/or responses

F. The resolutions-making mechanism at the Meeting is as follows:
Meeting resolutions are made by way of deliberation to reach a consensus. If deliberation to reach a consensus is not reached then it is done by voting.

G. The results of resolutions made by voting:

MEETING AGENDA 1 :

Approved Abstain Not approved
12,247,475,350 votes or 98.37% of all shares with voting rights who attended the Meeting 4,833,285 votes or 0.03% of all shares with voting rights who attended the Meeting 197,510,043 votes or 1.58% of all shares with voting rights who attended the Meeting

Resolutions of the Meeting Agenda 1:

    1. Approve the buyback of the Company’s shares with a maximum amount of 50,000,000 (Fifty Million) shares or a maximum of 0.36% (zero point three-six percent) of the issued and paid-up capital of the Company for a total cost of up to Rp150,000,000,000 (One Hundred Fifty Billion Rupiah).
    2. Approve and granting of authority and power to the Board of Directors of the Company, both collectively or individually, to take all action necessary in implementing the resolutions of this Meeting, including determining the requirements for the implementation of the Company’s share buyback with due observance to the provisions and regulations of prevailing laws and regulations, to restate the composition of the
      Company’s shareholders, to appear and/or present before the competent authorities and/or Notary to sign the necessary deed(s), to give information, to enter into and sign all required documents, and to take any and all actions as deemed necessary, without any exceptions.

MEETING AGENDA 2:

Approved Abstain Not approved
12,218,010,513 votes or 98.13% of
all shares with voting rights who
attended the Meeting
46,700 votes or 0.0003751% of
all shares with voting rights who
attended the Meeting
231,761,465 votes or 1.86% of
all shares with voting rights who
attended the Meeting

Resolutions of the Meeting Agenda 2:

    1. Approving to allocate a maximum of 23,000,000 (Twenty Three Million) treasury shares derived from the Company’s shares buyback to be distributed to the Company’s employees in 2023 as an implementation of
      the Long Term Incentive Program of the Company.
    2. Approving the granting of authority and power to the Board of Directors of the Company to take any actions and/or carry out any dealings as necessary and/or required to realize the implementation of the Long Term Incentive Program, in accordance with the prevailing law and regulations.

Jakarta, 15 May 2023
PT SARATOGA INVESTAMA SEDAYA Tbk
Board of Directors

SUMMARY OF EGMS 15 May 2023

6. ANNOUNCEMENT ON THE SUMMARY OF THE MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS PT SARATOGA INVESTAMA SEDAYA Tbk

ANNOUNCEMENT ON THE SUMMARY OF THE MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
PT SARATOGA INVESTAMA SEDAYA Tbk

In compliance with the provisions of Article 49 paragraph (1) and Article 51 of the Financial Services Authority Regulation No.15/POJK.04/2020 dated 21 April 2020 regarding the Plan and Implementation of the General
Meeting of Shareholders of Public Companies (hereinafter referred to as the “POJK No. 15”), the Board of Directors of PT SARATOGA INVESTAMA SEDAYA Tbk (hereinafter referred to as the “Company”) hereby informs the shareholders, that the Company has held an Annual General Meeting of Shareholders (hereinafter referred to as the “Meeting”):

A. On:

Day / date : Monday / 15 May 2023
Time : 10.23 – 11.06 Western Indonesia Time
Place : Adaro Institute, Gedung Cyber 2, 26th floor
Jl. H.R. Rasuna Said Blok X-5, Kaveling 13, Jakarta 12950.
Meeting agenda :
    1. Approval on the Annual Report of the Company for the financial year
      of 2022 and ratification on the Financial Statements of the Company
      for the financial year ended on 31 December 2022, and granting full
      acquittal and discharge (volledig acquit et de charge ) to the members
      of the Board of Directors and the Board of Commissioners of the
      Company for management and supervision performed during the
      financial year 2022.
    2. Approval on the determination of the use of the Company’s net profit for the financial year 2022.
    3. Approval on the appointment of a Public Accountant and Public Accounting Firm to audit the Company’s Financial Statements for the
      financial year ended 31 December 2023.
    4. Approval on the determination of the salary, honorarium and allowances and other facilities for the members of the Board of
      Directors and the Board of Commissioners for the financial year 2023.
    5. Reporting on the results of the implementation of the Company’s Long Term Incentive Program.

 

B. Members of the Board of Directors and the Board of Commissioners who attended the Meeting:

BOARD OF COMMISSIONERS

President Commissioners : Edwin Soeryadjaya
Commissioners : Joyce Soeryadjaya Kerr
Commissioners : Indra Cahya Uno
Independent Commissioners : Sidharta Utama
Independent Commissioners : Anangga W. Roosdiono

 

BOARD OF DIRECTORS

President Directors : Michael Soeryadjaya
Directors : Lany Djuwita Wong
Directors : Devin Wirawan

 

C. The Meeting was attended by 12,451,875,078 shares with valid voting rights or 92.13% of all shares with valid voting rights issued by the Company.

D. During the Meeting, Shareholders and/or their proxies are given the opportunity to ask questions and/or provide opinions regarding the agenda of the Meeting.

E. 

Meeting Agenda 1 : 1 (one) question
Meeting Agenda 2 : 1 (one) question
Meeting Agenda 3 : No questions and/or responses
Meeting Agenda 4 : No questions and/or responses
Meeting Agenda 5 : No questions and/or responses

F. The resolutions-making mechanism at the Meeting is as follows:
Meeting resolutions are made by way of deliberation to reach a consensus. If deliberation to reach a consensus is not reached then it is done by voting.

G. The results of resolutions made by voting:
MEETING AGENDA 1 :

Approved Abstain Not a proved
12,416,291,679 votes or 99.71%
of all shares with voting rights who
attended the Meeting
35,459,399 votes or 0.28% of
all shares with voting rights
who attended the Meeting
124,000 votes or 0.0009958%
of all shares with voting rights
who attended the Meeting

Resolutions of the Meeting Agenda 1:

  1. Approving and accepting the Company’s Annual Report for the financial year 2022, including the Supervisory Report of the Board of Commissioners of the Company, and ratifying the Consolidated Financial Statements of the Company and its subsidiaries for financial year ended as of December 31, 2022 that has been audited by Public Accountant Harry Widjaja, S.E., CPA of the Public Accounting Firm Siddharta Widjaja & Associates (a member of global network KPMG) as described in its report No. 00045/2.1005/AU.1/05/1214-3/1/III/2023 dated March 10, 2023 with “Unqualified“ opinion.
  2. Upon the approval of the Company’s Annual Report for the financial year 2022 including the Supervisory Report of the Board of Commissioners of the Company, as well as the ratification of the Consolidated Financial Statements of the Company and its Subsidiaries for the financial year ended on 31 December 2022, thus, granting the full release and acquittal discharge (volledig acquit et de charge) to all members of the Board of Directors and the Board of Commissioners of the Company from their management and supervisory duty during the financial year 2022, as long as such actions are reflected in the Annual Report and the Consolidated Financial Statements of the Company and its Subsidiaries for the financial year ended on 31 December 2022 and is not a criminal offense or a breach of the prevailing laws and regulations.

MEETING AGENDA 2:

Approved Abstain Not a proved
12,435,314,196 votes or 99.86%
of all shares with voting rights who
attended the Meeting
16,436,882 votes or 0.13% of
all shares with voting rights
who attended the Meeting
124,000 votes or 0.0009958%
of all shares with voting rights
who attended the Meeting

Resolutions of the Meeting Agenda 2:

  1. Approve the use of current year profit attributed to the owners of the Company for the 2022 financial year in the amount of Rp4,616,367,000,000 (Four Trillion Six Hundred Sixteen Billion Three Hundred Sixty Seven Million Rupiah), for the following matters:
    a. A total of Rp5,000,000,000 (Five Billion Rupiah) is set aside as compulsory reserves of the Company;
    b. A total of Rp1,017,362,625,000 (One Trillion Seventeen Billion Three Hundred Sixty Two Million Six Hundred Twenty Five Thousand Rupiah) or Rp75 (Seventy Five Rupiah) per share will be paid as final cash dividend to the shareholders of the Company; and
    c. The remainder will be allocated to increase the Company’s Retained Earning.
  2. Approve the granting of power and authority to the Board of Directors to regulate the procedures for the payment of the said final cash dividend, including but not limited to determining the payment schedule, as well as to take all other necessary actions in connection with the payment of the final cash dividend in accordance with the prevailing laws and regulations.

 

MEETING AGENDA 3:

Approved Abstain Not a proved
12,381,665,659 votes or 99.43% of all shares with voting rights who attended the Meeting 16,437,682 votes or 0.13% of all shares with voting rights who attended the Meeting 53,771,737 votes or 0.43% of all shares with voting rights who attended the Meeting

 

Resolutions of the Meeting Agenda 3:
Approving to authorize the Board of Commissioners of the Company to appoint Public Accounting Firm and Public Accountant to audit the Financial Statement of the Company for the financial year ended on
31 December 2023 and other audits required by the Company and determining the honorarium and other appointment requirements and authorize the Board of Commissioners of the Company to appoint a substitute Public Accounting Firm and Public Accountant if the appointed Public Accountant is unable to carry out his duties for any reason, by taking into account the recommendations from the Audit Committee.

MEETING AGENDA 4:

Approved Abstain Not a proved
12,430,526,411 votes or 99.82%
of all shares with voting rights who
attended the Meeting
21,224,267 votes or 0.17% of
all shares with voting rights
who attended the Meeting
124,400 votes or 0.0009990%
of all shares with voting rights
who attended the Meeting

 

Resolutions of the Meeting Agenda 4:

    1. By taking into account the suggestions and opinions given by the Company’s Nomination and Remuneration Committee, determining remuneration for all members of the Board of Commissioners of
      the Company for the financial year 2023 of a maximum of Rp17,000,000,000.00 (Seventeen Billion Rupiah).
    2. Granting power and authority to the Board of Commissioners to determine the amount of salary, bonus and other allowances for members of the Board of Directors of the Company in accordance with the
      structure, policy and amount of remuneration based on the remuneration policy of the Company for the financial year ended on 31 December 2023, by taking into account the suggestions and opinions given by
      the Company’s Nomination and Remuneration Committee.

MEETING AGENDA 5:

      1. Since this is only a report, no resolution has been made in this Agenda.

Jakarta, 15 May 2023
PT SARATOGA INVESTAMA SEDAYA Tbk
Board of Directors

 

SUMMARY OF AGMS 15 May 2023

2. SRTG – Invitation to AGMS EGMS 15 May 2023

PT SARATOGA INVESTAMA SEDAYA TBK.
(“Company”)
INVITATION
ANNUAL AND EXTRAORDINARY
GENERAL MEETING OF SHAREHOLDERS

The Board of Directors of the Company hereby invite the Shareholders of the Company to attend the Annual General Meeting of Shareholders (“AGMS”) and Extraordinary General Meeting of Shareholders (“EGMS”) (AGMS and EGMS collectively referred to as “Meeting”) which will be convened physically and electronically through the Electronic General Meeting System KSEI facility (“eASY.KSEI”) provided by PT Kustodian Sentral Efek Indonesia (“KSEI”) on:

Day/Date Monday, 15 May 2023
Time 10.00 Western Indonesian Time – Finish
Venue Adaro Institute, Cyber 2 Building, 26th floor
Jl. H.R. Rasuna Said Blok X-5, Kav. 13
Jakarta 12950

The agenda of the Meeting are as follows:

AGMS

1. Approval on the Annual Report for the financial year of 2022 and ratification on the Financial Statement of the Company for the financial year ended on 31 December 2022 and provide full acquittal and discharge (volledig acquit et de charge) to all of the members of the Board of Directors and Board of Commissioners of the Company for management and supervision performed during the financial year of 2022.

Explanation:
In this agenda, the Board of Directors of the Company will seeking approval and ratification from the Meeting on the Company’s performance in 2022 and the implementation of supervisory duties of Board of Commissioners in 2022, as stipulated in the Annual Report and the Financial Statement of the Company, as well as providing full release and discharge (volledig acquit et de charge) to the members of the Board of Directors
and/or the Board of Commissioners of the Company on their management and supervisory duty carried out throughout financial year 2022, so long as those actions are clearly stated under the Company’s Annual Report and Financial Report and is not a criminal offense or a breach of the prevailing laws and regulations, in accordance with Article 10 paragraph (4) point a of the Articles of Association of the Company juncto Article 78 of the Law No. 40 of 2007 on the Limited Liability Company as amended with Government Regulation in Lieu of Law No. 2 of 2022 on Job Creation which has been enacted into law based on Law No. 6 of 2023 on Enactment of Government Regulation in Lieu of Law No. 2 of 2022 on Job Creation into Law (the “Company Law”).

2. Approval on the determination of the use of the Company’s net profit for the financial year of 2022.

Explanation:
In this agenda, the Board of Director of the Company will determine the use of the Company’s net profit for the financial year ended on 31 December 2022, in accordance with Article 70 and 71 of the Company Law and Article 23 of the Articles of Association of the Company.

3. Approval on the appointment of Public Accountant and Public Accounting Firm to audit the Financial Statement of the Company for the financial year ended on 31 December 2023.

Explanation:
Considering the appointment of Public Accountant and Public Accounting Firm by the Board of Commissioners of the Company are currently in progress, the Board of Directors of the Company recommend the Meeting to grant the authority to the Board of Commissioners of Company, by taking into account any recommendation from the Audit Committee in appointing the Public Accountant and Public Accounting Firm to audit the
Financial Statement of the Company for the financial year ended on 31 December 2023 and other audit as required by the Company, in accordance with Article 59 paragraph (1) of the Financial Services Authority Regulation No. 15/POJK.04/2020 on the Plan and Implementation of General Meeting of Shareholders of Public Companies and Article 13 paragraph (1) of the Financial Services Authority Regulation No. 13/POJK.03/2017 on the Use
of Services of the Public Accountants and Public Accounting Firms in Financial Services Activities.

4. Approval on the determination of the salary, honorarium and allowances and other facilities for the member of the Board of Directors and the Board of Commissioners for the financial year of 2023.

Explanation:
In this agenda, the Board of Directors of the Company will ask the Meeting to approve the following:

  1. The maximum amount of the remuneration for all members of the Board of Commissioners for the financial year of 2023, by taking into account the advice and opinion from the Nomination and Remuneration Committee of the Company;
    and
  2. The granting of power and authorization to the Board of Commissioners to determine the amount of salary, honorarium and allowances and other facilities for the member of the Board of Directors for the financial year of 2023,

in accordance with Article 96 and 113 of the Company Law jo. Article 16 paragraph (14) and Article 19 paragraph (7) of the Articles of Association of the Company.

5. Report on the implementation result of the Long Term Incentive Program of the Company.

Explanation:
In this agenda, the Board of Directors of the Company will report to the Shareholders on the implementation result of the Long Term Incentive Program of the Company for the year of 2022. This agenda is reporting only and does not need to be approved by the Meeting.

EGMS

1. Approval on the Company’s shares buyback plan.

Explanation:
In this agenda, the Board of Directors of the Company will present the Company’s plan to conduct shares buyback, to be then approved by the Meeting, in accordance with Financial Services Authority Regulation No. 30/POJK.04/2017 on the Buyback of Shares issued by Public Company. Information relating to the buyback plan has been published by the Company on 4 April 2023.

2. Approval on the use of Company’s treasury shares for Long Term Incentive Program of the Company.

Explanation:
In this agenda, the Board of Directors of the Company will present the Company’s plan to transfer the shares in treasury of the Company which are derived from the buyback of shares of the Company. The Company’s treasury shares will be transferred for the purpose of Long Term Incentive Program of the Company which will be distributed from the closing date of the 2023 EGMS until 2024 AGMS.

IMPORTANT NOTES:

1. Shareholders entitled to attend the Meeting are the Company’s Shareholders whose names are registered in the Register of Shareholders (DPS) of the Company on 18 April 2023 at the latest on 16.00 Western Indonesia Time prepared by PT Datindo Entrycom, the Company’s Shares Registrar and/or the Company’s Shareholders whose names are registered in the Register of Account Holders at KSEI at the close of Stock Trading on the Stock Exchange Indonesia on 18 April 2023.

2. The Shareholders’ attendance in the Meeting that will be conducted electronically is convened through the platform/facility of eASY.KSEI at https://akses.ksei.co.id/.

3. The Company will limit the number of Shareholders who are physically present and encourage Shareholders to attend the Meeting electronically or authorize the presence and voting (either electronically via eASY.KSEI or in writing) to an independent party appointed by the Company, provided that the Shareholders or Shareholders’ Authorized Persons who first declare that they will be physically present is prioritized to be physically present than those who declare later, until the amount determined by the Company is fulfilled. Shareholders or their proxies who declare that they will be physically present but do not get a place based on the first-come-firstserved
method may still attend electronically.

  1. The Company provides 2 (two) types of power of attorney to Shareholders, namely Conventional Power of Attorney which can be downloaded through the Company’s website www.saratoga-investama.com or e-Proxy which can be accessed electronically on the eASY.KSEI platform through https://akses.ksei.co.id/.
    • Conventional Power of Attorney (PoA) – the Shareholders can download the draft of the PoA on the Company’s website www.saratoga-investama.com . The original copy of the PoA that has been completed and signed on stamp of Rp10,000 must be sent to the Company’s Stock Administration Bureau namely PT Datindo Entrycom at Jalan Hayam Wuruk No. 28, RT.14/RW.1, Kebon Kelapa, Gambir, Central Jakarta City, Jakarta 10120 (“Datindo”) no later than 10 May 2023 at 4.00 pm Western Indonesian Time.
    • E-Proxy through eASY.KSEI – an electronic power of attorney provided by KSEI to facilitate and integrate power of attorney from scripless Shareholders whose shares are in KSEI’s Collective Custody to their proxies electronically. The proxies whose names are available at eASY.KSEI facility are independent parties appointed by the Company. Information regarding the independent proxies appointed by the Company can be accessed through the Company’s website at www.saratogainvestama.com.
  2. Representatives of the Company’s Shareholder in the form of legal entities must submit:
    • Copy of their latest Articles of Association; and
    • Deed on the appointment of their incumbent board of directors, to Datindo no later than 10 May 2023 at 4.00 pm Western Indonesian Time.

4. The Company provides Meeting agenda materials through the Company’s website at www.saratoga-investama.com and KSEI’s website (eASY.KSEI facility at https://akses.ksei.co.id/) and has been available to the Shareholders from the date of this Meeting Invitation until the Meeting date.

5. The notary, assisted by the Company’s Securities Administration Bureau, will check and count votes for each agenda of the Meeting in each Meeting’s decision-making for such agenda, including those based on votes that have been submitted by Shareholders through eASY.KSEI facility as referred to in item (3) above, as well as those submitted in the Meeting.

6. The Company does not send a separate invitation letter to the Shareholders. In accordance with the provisions of the Company’s Articles of Association, the Meeting Invitation is valid as an official invitation to the Company’s Shareholders.

7. Shareholders or their proxies, who will attend the Meeting physically, must comply with the safety and health protocols which will be applied by the Company, as follows:

    1. Upon arrival at the premises of the Meeting, must comply with the health checking procedures (incl. body temperature screening, etc.), which will be conducted by the Company and building management of the premises of the Meeting.
    2. At all times within the premises of the Meeting and during the Meeting, must properly wear 3 ply mask; and
    3. must immediately leave the premises of the Meeting after the Meeting ended.

8. Shareholders or their proxies who are unfit, in particular having/feeling COVID-19 symptoms (such as cough, fever and/or flu, etc) will not be permitted to attend the Meeting.

9. The Company has the right to prohibit shareholders or their proxies to attend or be present at the Meeting premises and/or the building area where the Meeting is held if the relevant shareholders of their proxies do not comply with the foregoing safety and health protocols.

10. The Company may make another announcement if there is any change and/or addition to the information regarding the procedures of the holding of the Meeting based on the latest development of the handling for preventing COVID-19 transmission.

Jakarta, 19 April 2023
PT Saratoga Investama Sedaya Tbk.
The Board of Directors

SRTG – Invitation to AGMS EGMS 15 May 2023.pdf

 

1. ANNOUNCEMENT OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS AND THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS – on Monday, 15 May 2023 at 10.00 am Western Indonesian Time

PT SARATOGA INVESTAMA SEDAYA Tbk
(“Company”)
ANNOUNCEMENT OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS AND THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

 

We hereby notify the shareholders of the Company that the Company will hold an Annual General Meeting of Shareholders (“AGMS”) and an Extraordinary General Meeting of Shareholders (“EGMS”) (AGMS and EGMS collectively referred to as “Meeting”) on Monday, 15 May 2023.

Pursuant to Financial Services Authority Regulation No. 15/POJK.04/2020 on the Planning and Holding of General Meeting of Shareholders of Public Companies (“POJK 15”) and Financial Services Authority Regulation No. 16/POJK.04/2020 on the Electronic General Meeting of Shareholders of Public Companies (“POJK 16”), it is hereby informed that the Meeting will be conducted physically and virtually through the Electronic General Meeting System of KSEI (“eASY.KSEI”) provided by PT Kustodian Sentral Efek Indonesia (“KSEI”).

The venue, time and agenda of the Meeting will be informed through an invitation of the Meeting which will be announced on Wednesday, 19 April 2023 in (i) website of the Indonesia Stock Exchange (www.idx.co.id), (ii) website of the Company (www.saratoga-investama.com) and (iii) eASY.KSEI platform.

The shareholders who are entitled to attend and/or be represented in the Meeting are the shareholders whose names are registered on the Register of Shareholders of the Company as per Tuesday, 18 April 2023 or the owner of stock account balance in the Collective Custody of KSEI at the closing of shares trading on Tuesday, 18 April 2023.

In accordance with Article 16 of POJK 15 and Article 11 paragraph 18 of the Company’s Articles of Association, proposals from the Company’s shareholders can be included in the agenda of the Meeting if such proposals fulfill the following requirements:

  1. the proposal is submitted in writing to the Board of Directors of the Company by one or more shareholders jointly representing at least 1/20 (one per twenty) or more of the total issued shares with valid voting rights;
  2. the proposal is received by the Board of Directors of the Company at the latest 7 (seven) days prior to the invitation date of the Meeting, i.e., at the latest on Wednesday, 12 April 2023; and
  3. the proposal must:
    1.  be conducted in a good faith;
    2.  consider the interest of the Company;
    3.  be an agenda that requires a resolution of the Meeting;
    4.  enclose the reasons and materials for the proposed agenda of the Meeting; and
    5.  not contravene the prevailing laws and the Company’s Articles of Association.

The Company will limit the number of Shareholders who are physically present and encourage Shareholders to attend the Meeting electronically to participate in the Meeting virtually by accessing the eASY.KSEI platform provided by KSEI.

Jakarta, 4 April 2023
PT Saratoga Investama Sedaya Tbk
The Board of Directors

SRTG-Announcement-AGMS-EGMS-15-May-2023