FA_Company-leadership

The Resolutions of the EGMS 21 January 2014

22 January, 2014

ANNOUNCEMENT ON THE RESOLUTIONS OF THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS OF PT SARATOGA INVESTAMA SEDAYA, Tbk.

 

We hereby announced to the Shareholders that the Extraordinary General Meeting of Shareholders (“EGMS”) of PT Saratoga Investama Sedaya, Tbk. (“Company”) has been conducted on 21 January 2014 at 9:00 AM at Adaro Institute (PT Adaro Energy,Tbk), Tempo Scan Tower, 29th Floor, Jl. HR Rasuna Said Kav 3-4, Jakarta 12950.

The resolutions of the EGMS of the Company are as follows:

  1. Approved the appointment of independent public accountant firm Siddharta & Widjaja (member of KPMG) to audit the company’s financial statement for the 2013 financial year and authorization was given to the Board of Commissioners of the Company to determine honorarium for the public accountant firm.
  2. Approved total salary or honorarium and other benefits for the member of the Board of Directors in the amount of IDR 15,769,912,207 and US$84.715; and total salary or honorarium and other benefits for the member of the Board of Commissioners in the amount of IDR 7,969,741,000, effective as of 1 January 2013 whereby the calculation was based on the composition of the Board of Directors and the Board of Commissioner for 2013.
    1. Approved the resignation of Mr. Husni Heron, Director of the Company, as of the close of the meeting, with appreciation and gratitude.

      As a result, the composition of the Board of Directors of the Company effective as of the close of the Meeting is as follows:

      The Board of Directors
      President Director : Sandiaga Salahuddin Uno
      Director : Michael William P. Soeryadjaya
      Non-affiliated Director : Ngo, Jerry Go

       

    2. Appointed and granted the authority with the right of substitution, to the Company’s Board of Directors to conduct any action in relation to the resolution of the meeting, including but not limited to appear before the authorized party, to discuss, to give and/or ask for information, to submit a notification with regard to the change to the composition of the Board of Directors of the Company to the Minister of Law and Human Rights of the Republic of Indonesia, and any other related authorized institutions, to make or cause to be made and sign the deeds and letters or any necessary documents, to appear before the notary, to have the deed restating the Company’s Meeting resolutions, prepared and finalized and moreover to take any necessary actions which should be and or could be made for the purpose of implementing/materializing the resolutions of this Meeting.
    1. Approved the amendment to Article 16 paragraph (1) of the Company’s Articles of Associations; and
    2. Appointed and granted the authority with the right of substitution, to the Company’s Board of Directors to conduct any action in relation to the resolution of the Meeting, including but not limited to appear before the authorized party, to discuss, to give and/or ask for information, to submit a notification with regard to the amendment to the Articles of Associations to the Minister of Law and Human Rights of the Republic of Indonesia, and any other related authorized institutions, to make or cause to be made and sign the deeds and letters or any necessary documents, to appear before the notary, to have the deed restating the Company’s Meeting resolutions, prepared and finalized and moreover to take any necessary actions which should be and or could be made for the purpose of implementing/materializing the resolutions of this Meeting.

For the fifth agenda, the Directors of the Company reported the plan to change the implementation of the Management and Employee Stock Options Plan (MESOP) to the shareholders.

This announcement was provided to comply with the provision of No. 4 Regulation No.IX.I.1 Attachment of the Decision of the Head of BAPEPAM No. Kep-60/PM/1996 dated 17 January 1996, regarding Proposed Plan and Implementation of the General Meeting of Shareholders.

Jakarta, 23 January 2014
PT Saratoga Investama Sedaya, Tbk
Board of Directors

This announcement is also available in Bahasa Indonesia which can be downloaded via below link

[gview file=”http://www.saratoga-investama.com/wpsite/wp-content/uploads/2014/01/Bisnis-Indo_PrintAd_Hasil-Rapat.pdf” width=”100%” save=”1″]

Close