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

17 May 2023

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