PEMBERITAHUAN KEPADA PARA PEMEGANG SAHAM MENGENAI JADWAL DAN TATA CARA PEMBAGIAN DIVIDEN TUNAI

Dalam rangka melaksanakan Hasil Keputusan Rapat Umum Pemegang Saham Tahunan PT Saratoga Investama Sedaya Tbk. (“Perseroan”) yang telah diselenggarakan pada tanggal 17 Juni 2020 yang salah satu mata acaranya adalah mengenai pembagian dividen tunai final untuk tahun buku 2019 yaitu sebesar Rp55 (lima puluh lima Rupiah) per saham, maka bersama ini diberitahukan kepada seluruh pemegang saham Perseroan bahwa jadwal dan tata cara pelaksanaan pembayarannya adalah sebagai berikut:

A. Jadwal Pembayaran Dividen Tunai:

KeteranganTanggal
– Pengumuman jadwal pembagian dividen tunai final di Bursa Efek Indonesia19 Juni 2020
– Pengumuman jadwal pembagian dividen tunai final di surat kabar Kontan19 Juni 2020
– Daftar Pemegang Saham (record date) yang berhak atas dividen tunai final29 Juni 2020
– Pasar regular dan negosiasi:Cum DividenEx Dividen25 Juni 202026 Juni 2020
– Pasar tunai:Cum DividenEx Dividen29 Juni 202030 Juni 2020
– Pembagian dividen tunai final15 Juli 2020

B. Tata Cara Pembayaran Dividen Tunai

1. Pengumuman ini merupakan pemberitahuan resmi dari Perseroan, dan Perseroan tidak mengeluarkan pemberitahuan secara khusus kepada para Pemegang Saham.

2. Pembayaran dividen tunai diberikan kepada Pemegang Saham yang namanya tercatat dalam Daftar Pemegang Saham (“DPS”) Perseroan pada tanggal 29 Juni 2020 pukul 16.15 WIB atau yang disebut sebagai Recording Date Pemegang Saham yang berhak atas dividen.

3. Bagi Pemegang Saham yang sahamnya tercatat dalam Penitipan Kolektif PT Kustodian Sentral Efek Indonesia (“KSEI”), pembayaran dividen sesuai dengan jadwal tersebut di atas akan dilakukan dengan cara pemindahbukuan melalui KSEI, dan selanjutnya KSEI akan mendistribusikannya ke rekening Perusahaan Efek atau Bank Kustodian tempat dimana para Pemegang Saham membuka rekening.

4. Bagi Pemegang Saham yang masih menggunakan warkat, dimana sahamnya tidak dimasukkan dalam penitipan kolektif KSEI, dan menghendaki pembayaran dividen dilakukan melalui transfer ke dalam rekening bank milik Pemegang Saham, dapat memberitahukan nama dan alamat bank serta nomor rekening bank atas nama
Pemegang Saham selambat-lambatnya pada tanggal 29 Juni 2020 pukul 16.00 WIB secara tertulis kepada:

Kantor Biro Administrasi Efek (”BAE”) PT Datindo Entrycom
Jl. Hayam Wuruk No. 28
Jakarta 10210, Indonesia
Telp: +62 21-350 8077 (Hunting)
Fax: +62 21-350 8078

5. Dividen tunai tersebut akan dikenakan pajak sesuai dengan peraturan perundang-undangan perpajakan yang berlaku. Jumlah pajak yang dikenakan, menjadi tanggungan Pemegang Saham yang bersangkutan serta dipotong dari jumlah dividen tunai yang dibayarkan.

6. Bagi Pemegang Saham yang merupakan Wajib Pajak Dalam Negeri yang berbentuk badan hukum dan belum menyampaikan Nomor Pokok Wajib Pajak (“NPWP”), diminta untuk menyampaikan NPWP kepada KSEI atau BAE selambat-lambatnya tanggal 29 Juni 2020 pukul 16.00 WIB. Tanpa dicantumkannya NPWP, dividen tunai yang dibayarkan kepada Wajib Pajak Dalam Negeri yang berbentuk Badan Hukum tersebut, akan dikenakan tarif PPh lebih tinggi 100% dari tarif normal.

7. Bagi Pemegang Saham yang merupakan Wajib Pajak Luar Negeri yang pemotongan pajaknya akan menggunakan tarif berdasarkan Persetujuan Penghindaran Pajak Berganda (P3B) wajib memenuhi ketentuan Peraturan Direktur Jenderal Pajak No. PER-25/PJ/2018 tentang Tata Cara Penerapan Persetujuan Penghindaran Pajak Berganda serta menyampaikan Form DGT yang telah dilegalisasi oleh Kantor Pelayanan Pajak Perusahaan Masuk Bursa kepada KSEI atau BAE sesuai peraturan dan ketentuan KSEI, tanpa adanya dokumen dimaksud, dividen tunai yang dibayarkan akan dikenakan pemotongan PPh Pasal 26 sebesar 20%.

Jakarta, 19 Juni 2020
PT Saratoga Investama Sedaya Tbk.
Direksi

9. 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 order to comply 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 concerning the Plan and Implementation of the General Meeting of Shareholders of Public Companies (hereinafter referred to as 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: Wednesday/17 June 2020
Time:11.00 WIB until finished
Place:Menara Karya 17th Floor, Jalan HR Rasuna Said Blok X-5 Kaveling 1-2, Kuningan Timur, Setiabudi, Jakarta Selatan;
Agenda:1)  Approval of (i) amendments to Article 3 of the Company’s Articles of Association in order to comply with the requirements and provisions of the Republic of Indonesia Government Regulation No. 24 of 2018 concerning Electronically Integrated Business Licensing Services (Online Single Submission) and (ii) adjustments to the Company’s Articles of Association in order to comply with Financial Services Authority Regulation No. 15 / POJK.04 / 2020 concerning Planning and Implementation of General Meeting of Shareholders of Public Companies.
 2)  Approval of the buyback plan of the Company’s shares.
 3)  Approval on the use of the Company’s treasury shares for 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 Directors  
President Director:Michael William P. Soeryadjaya
Director:Lany D. Wong
Director:Devin Wirawan
Board of Commissioners  
Commissioners:Indra Cahya Uno

(C).     The meeting was attended by 2,399,738,308 shares that have valid voting rights or approximately 88.55% of all shares with valid voting rights that have been 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 I : No questions and / or opinions
Meeting Agenda II : No questions and / or opinions
Meeting Agenda III : No questions and / or opinions

(F).   The decision making mechanism at the Meeting is as follows:
Meeting decisions 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 decision making are carried out by voting:

Meeting Agenda I :

ApprovedAbstainNot Approved
2,399,535,240 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.202,968 votes or approximately 0.0085% of all shares with voting rights present at the Meeting.

Resolutions of the Meeting Agenda I:

  1. Approve (i) amendments to Article 3 of the Company’s Articles of Association in order to comply with the requirements and provisions of the Republic of Indonesia Government Regulation No. 24 of 2018 concerning the Services of Integrated Electronic Business Licensing (Online Single Submission) and (ii) adjustments to the Articles of Association of the Company in order to comply with Financial Services Authority Regulation No. 15 / POJK.04 / 2020 concerning Planning and Implementation of General Meeting of Shareholders and Public Companies.
  2. Approve to restate the Company’s Articles of Association in its entirety in accordance with applicable reference standards, as long as it does not contradict the prevailing laws and regulations.
  3. Appoint and authorize the Board of Directors with the right of substitution to take all actions related to the resolutions of this Meeting, including but not limited to appearing before the authorities, holding talks, giving and / or requesting information, submitting requests for approval and / or notification of amendments to the Articles of Association of the Company to the Minister of Law and Human Rights of the Republic of Indonesia and other relevant authorities, make or sign deeds and letters or other documents that are needed or deemed necessary, present before a Notary to be drawn up and sign the deed statement of the resolutions of the Company’s Meeting and implement other matters that must be and / or can be implemented in order to realize / materialize the Meeting’s resolution.

Meeting Agenda II:

ApprovedAbstainNot Approved
2,399,651,085 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.87,123 votes or approximately 0.0036% of all shares with voting rights that were present at the Meeting.

Resolutions of the Meeting Agenda II:

  1. Approve the buyback plan of the Company’s shares with a maximum amount of thirty million (30,000,000) shares or a maximum of 1.105% (one point one zero five percent) of the issued and paid-up capital of the Company with a total cost of up to Rp120,000,000,000 (One Hundred Twenty Billion Rupiah).
  2. Approve and grant authority and power to the Board of Directors of the Company, both jointly and individually, to take all necessary actions in carrying out the resolutions of this Meeting, including determining the terms of implementing the repurchase of the Company’s shares by taking into account the provisions and laws and regulations apply, appear before and / or appear before the authorized official and / or notary public to sign the deed (s) required, to convey information, to make and sign all the necessary documents, and to take all necessary actions , without any exception.

Meeting Agenda III:

ApprovedAbstainNot Approved
2,399,535,240 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.202,968 votes or approximately 0.0085% of all shares with voting rights present at the Meeting.

Resolutions of the Meeting Agenda III:

  1. Approved to allocate a maximum of three million (3,000,000) shares to be distributed to the Company’s employees in 2020 as the implementation of the Company’s Long Term Incentive (LTIP) Program.
  2. Approve the granting of power and authority to the Board of Directors of the Company to take and / or take all actions and all the management needed and / or required to realize the implementation of the Long Term Incentive Program (LTIP), in accordance with laws and regulations. applicable.

Jakarta, 18 June 2020.
PT SARATOGA INVESTAMA SEDAYA Tbk.
Board of Directors.

8.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 order to comply 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 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:Wednesday / 17 June 2020
Time:10.00 WIB until finished
Place:Menara Karya 17th Floor, Jalan HR Rasuna Said Blok X-5 Kaveling 1-2, Kuningan Timur, Setiabudi, South Jakarta
Agenda:1) Approval of the Annual Report for the 2019 financial year and the ratification of the Company’s Financial Statements which ended on 31 December 2019, as well as granting full redemption and release of responsibility (volledig acquit et de charge) to all members of the Board of Directors and Board of Commissioners of the Company for management and supervision actions has been run during the 2019 financial year.
 2) Approval of the determination of the use of the Company’s net profit for the 2019 financial year.
 3) Approval of the appointment of a Public Accountant and Public Accountant Firm to audit the Company’s Financial Statements for the financial year ending 31 December 2020.
  4) Approval of the determination of the salary, honorarium and allowances and other facilities for members of the Board of Directors and Board of Commissioners for the 2020 financial year.
  5) Approval of changes in the composition of the Company’s Board of Directors.
  6) 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 Directors  
President Director:Michael William P. Soeryadjaya
Director:Lany D. Wong
Director:Devin Wirawan
Board of  Commissioners  
Commissioners:Indra Cahya Uno

(C). The meeting was attended by 2,399,697,708 shares with valid voting rights or approximately 88.55% 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 I:No questions and / or opinions
Meeting Agenda II:No questions and / or opinions
Meeting Agenda III:No questions and / or opinions
Meeting Agenda IV:No questions and / or opinions
Meeting Agenda V:No questions and / or opinions
Meeting Agenda VI:No questions and / or opinions

(F).  The decision making mechanism at the Meeting is as follows:
Meeting decisions 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 decision making are carried out by voting :

Meeting Agenda I:

ApprovedAbstainNot Approved
2,399,697,608 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.

Resolutions of the Meeting Agenda I:

  1. Approve and accept the Company’s Annual Report for the 2019 financial year, including the Supervisory Report of the Board of Commissioners of the Company, and ratify the Consolidated Financial Statements of the Company and Subsidiaries for the financial year ending 31 December 2019 which has been audited by Public Accountant Cahyadi Muliono , SE, CPA from the Public Accounting Firm Siddharta Widjaja dan Rekan (a member firm of the global KPMG network) as contained in their report Number 00057 / 2.1005 / AU.1 / 05 / 1088-3 / 1 / III / 2020 dated 2 March 2020, with an opinion “Unqualified”.
  2. With the approval of the Company’s Annual Report for the 2019 financial year including the Supervisory Report of the Board of Commissioners of the Company, as well as the approval of the Consolidated Financial Statements of the Company and Subsidiaries for the financial year ending on 31 December 2019, thereby granting full release and settlement of responsibility ( volledig acquit et de charge) to all members
    3
    of the Board of Directors and Board of Commissioners of the Company for all management and supervisory actions during the 2019 financial year, to the extent that these actions are reflected in the Annual Report and Consolidated Financial Statements of the Company and Subsidiaries for the Financial Year ending on 31 December 2019 and not a criminal action.

Meeting Agenda II:

ApprovedAbstainNot Approved
2,399,697,608 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.

Resolutions of the Meeting Agenda I:

  1. Approved the use of profit for the current year attributable to the owners of the Company’s entities for the 2019 financial year amounting to Rp7,371,033,000,000 (Seven Trillion Three Hundred Seventy One Billion Thirty Three Million Rupiah), for the following:
    1. IDR 5,000,000,000 (Five Billion Rupiah) will be set aside as compulsory reserves for the Company;
    2. A total of IDR 149,213,185,000 (One Hundred Forty-Nine Billion Two Hundred Thirteen Million One Hundred Eighty Five Thousand Rupiah) or IDR 55 (Fifty Five Rupiah) per share will be paid as final cash dividend to the shareholders of the Company; and
    3. The rest will be allocated to increase the Company’s retained earnings.
  2. Agree to give the 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 III:

ApprovedAbstainNot Approved
2,399,581,763 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.115,845 votes or approximately 0.0048% of all shares with voting rights who attended the Meeting.

Resolutions of the Meeting Agenda III :

Approved to authorize the Board of Commissioners of the Company to appoint a Public Accounting Firm and Public Accountants to audit the Company’s Financial Statements for the financial year ended 31 December 2020 and other audits required by the Company and determine the honorarium and other appointment requirements.

Meeting Agenda IV:

ApprovedAbstainNot Approved
2,399,697,608 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.

Resolutions of the Meeting Agenda IV :

  1. By taking into account the suggestions and opinions given by the Nomination and Remuneration Committee of the Company, determine the remuneration for all members of the Board of Commissioners of the Company for the 2020 financial year of a maximum of IDR 15,000,000,000 (Fifteen Billion Rupiah)Dengan memperhatikan saran dan pendapat yang diberikan oleh Komite Nominasi dan Remunerasi Perseroan, menetapkan remunerasi bagi seluruh anggota Dewan Komisaris Perseroan untuk tahun buku 2020 sebesar-besarnya Rp15.000.000.000 (Lima Belas Miliar Rupiah).
  2. Give power and authority to the Nomination and Remuneration Committee of the Company to determine the amount of salaries, bonuses and other benefits for members of the Company’s Board of Commissioners in accordance with the structure, policies and amounts of remuneration based on the Company’s remuneration policy for the financial year ending on 31 December 2020.
  3. Giving power and authority to the Company’s Board of Commissioners to determine the amount of salary, bonus and other benefits for members of the Company’s Board of Directors in accordance with the structure, policies and amount of remuneration based on the Company’s remuneration policy for the financial year ending on 31 December 2020.

Meeting Agenda V:

ApprovedAbstainNot Approved
2,399,697,608 votes or approximately 99.99% of all shares with voting rights who attended the Meeting.100 votes or approximately 0.0000042% of all shares with voting rights present at the Meeting.

Resolutions of the Meeting Agenda V :

  1. Accept the resignation of Mr. Andi Esfandiari from his position as Director of the Company as of the closing of this Meeting with the utmost gratitude for his performance s4o far in the Company, as well as granting full release and full settlement (Acquit et de Charge) to Mr. Andi Esfandiari as Director for all actions management starting from January 1, 2020 to June 17, 2020.
  2. Accordingly, the composition of the members of the Company’s Board of Directors is as follows:President Director:Michael William P. SoeryadjayaDirector:Lany D. WongDirector:Devin Wirawan
  3. Appoint and authorize with the right of substitution to the Board of Directors of the Company to take all actions related to the resolutions of this Meeting, including but not limited to appearing before the authorities, holding talks, giving and / or requesting information, submitting requests for notification of changes in the composition of the Company’s Board of Directors to the Minister Law and Human Rights of the Republic of Indonesia as well as other relevant authorities, make or sign deeds and letters or other documents that are required or deemed necessary, present before a Notary to be drafted and sign a deed to declare the resolutions of the Company Meeting and implement other matters that must be and / or can be implemented in order to realize / materialize the Meeting’s resolution.

Meeting Agenda VI:

Resolutions of the Meeting Agenda VI:
Because it is only a report, no decision has been made in this Agenda.

Jakarta, 18 June 2020.
PT SARATOGA INVESTAMA SEDAYA Tbk.
Board of Directors.

3. SRTG – Invitation to AGMS and EGMS – FINAL

PT SARATOGA INVESTAMA SEDAYA Tbk.
(“Company”)
INVITATION TO THE SHAREHOLDERS OF THE COMPANY

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 on:

Day/Date  Wednesday, 17 June 2020
Time10.00 Western Indonesian Time – finish
Venue Menara Karya, 17th Floor
Jl. H.R. Rasuna Said Blok X-5, Kav. 1-2
Jakarta 12950

The agenda of the Meeting are as follows:

AGMS

1. Approval on the Annual Report for the fiscal year of 2019 and ratification on the Financial Statement of the Company for the financial year ended on 31 December 2019, and provide full acquittal and discharge (volledig acquit et de charge) to the members of the Board of Directors and Board of Commissioners of the Company for management and supervision performed during the fiscal year of 2019.

Explanation:
In this agenda, the Board of Directors of the Company will present the Company’s performance in 2019 and the Board of Commissioners of the Company will present the implementation of their supervisory duties in 2019, as stipulated in the Annual Report and the Financial Statement of the Company, to be then approved and ratified by the General Meeting of Shareholders (“GMS”), as well as obtaining 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 2019, 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 69 paragraph (1) of the Law No. 40 of 2007 on the Limited Liability Company (the “Company Law”) jo. Article 10 paragraph (4) point a and b jo. Article 21 paragraph (5) of the Articles of Association of the Company.

2. Resolution on the determination of the use of the Company’s net profit for the financial year of 2019.

Explanation:
In this agenda, the Company will determine the use of the Company’s net profit for the financial year of 2019, in accordance with Article 70 and 71 of the Company Law and Article 22 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 2020.

Explanation:
In this agenda, 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 to grant the authority to the Board of Commissioners of Company in order to appoint the Public Accountant and Public Accounting Firm to audit the Financial Statement of the Company for the financial year ended on 31 December 2020 and other financial statement audit as required by the Company, in accordance with Article 59 of the Financial Services Authority Regulation No. 15/POJK.04/2020 on the Implementation of Electronic General Meeting of Shareholders of Public Companies.

4. Resolution 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 2020.

Explanation:
In this agenda, the Board of Commissioners of the Company will recommend to the GMS to approve the following:
(i) The maximum amount of the remuneration for all members of the Board of Commissioners for the financial year of 2020, by taking into account the advice and opinion from the Nomination and Remuneration Committee of the Company;
(ii) The granting of power and authorization to the Board of Commissioners to determine the details of the distribution of the remuneration amount for each member of the Board of Commissioners, by taking into account the advice and opinion from the Nomination and Remuneration Committee of the Company; and
(iii) 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 2020,

in accordance with Article 96 and 113 of the Company Law jo. Article 15 paragraph (14) and Article 18 paragraph (7) of the Articles of Association of the Company.

5. Approval on the changes to the composition of the member of the Board of Directors of the Company.

Explanation:
In this agenda, the GMS will make a decision in connection with the resignation of Mr. Andi Esfandiari as a member of Board of Directors of the Company, in accordance with Article 11 paragraph (12) of the Articles of Association of the Company as well as Financial Services Authority Regulation No. 33/POJK.04/2014 on the Board of Directors and the Board of Commissioners of the Issuer or Public Company.

6. Implementation result report of Long Term Incentive Program of the Company.

Explanation:
In this agenda, the Board of Directors of the Company will report to the Shareholders of the Company on the implementation result of Long Term Incentive Program of the Company for the year of 2019. This agenda does not need to be approved by the GMS.

EGMS

1. Approval on the Company’s plan to (i) adjust Article 3 of its Articles of Association to fulfill the requirement under Government Regulation No. 24 of 2018 concerning Electronically Integrated Business Licensing Services (Online Single Submission) and (ii) adjust the Company’s Articles of Association in accordance with the Financial Services Authority Regulation No. 15/POJK.04/2020 regarding the Planning and Holding of General Meeting of Shareholders of Public Companies.

Explanation:
In this agenda, the Board of Directors of the Company will present the Company’s plan to (i) amend Article 3 of its Articles of Association to fulfill the requirement under Government Regulation No. 24 of 2018 concerning Electronically Integrated Business Licensing Services (Online Single Submission) and (ii) adjust the Company’s Articles of Association in accordance with the Financial Services Authority Regulation No. 15/POJK.04/2020 regarding the Planning and Holding of General Meeting of Shareholders of Public Companies.

2. Approval on the buyback plan of the Company’s shares.

Explanation:
In this agenda, the Board of Directors of the Company will present the Company’s plan to conduct buyback of the Company’s shares, to be then approved by the GMS, 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 17 March 2020.

3. Resolution 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 use the shares in treasury which are derived from the buyback of shares for Long Term Incentive Program of the Company for the period of June 2019 to April 2020, to be then approved by the GMS, in accordance with Financial Services Authority Regulation No. 30/POJK.04/2017 on the Buyback of Shares issued by Public Company.

IMPORTANT NOTES:

As a preventive and / or preventive measure for the spread of Corona Virus Disease (COVID-19), the Company urges Shareholders to follow the directions of the Government of the Republic of Indonesia by conducting Social Distancing during the Large-Scale Social Restrictions (PSBB). The Company facilitates the holding of the Meeting as follows:

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 20 May 2020 at the latest on 16.00 Western Indonesia Time made by PT Datindo Entrycom, the Company’s Shares Registrar and/or the the Company’s Shareholders whose names are registerd in the Register of Account Holders at PT Kustodian Sentral Efek Indonesia (“KSEI”) at the close of Stock Trading on the Stock Exchange Indonesia on 20 May 2020.

2. The Shareholders of the Company whose shares have not been registered in KSEI Collective Custody or their lawful proxy who will attend the Meeting, are required to show the original Collective Share Certificate or submit its copy, and submit a photocopy of National Identity Card (“KTP”) or other evidence of identity to the Registration Officer before entering the Meeting room. Shareholders whose shares have been registered in KSEI Collective Custody or their lawful proxy who will attend the Meeting, are required to submit the original Written Confirmation for the Meeting and a photocopy of their KTP or other evidence of identity to the Registration Officer before entering the Meeting room.

3. In order to implement the principle of caution and vigilance relating to the Corona Virus Disease (COVID-19) pandemic and to comply with Government Regulation No. 21 of 2020 concerning Large-Scale Social Restrictions for the Acceleration of Mitigation of Corona Virus Disease (COVID-19) as well as other relevant regulations, the Company urge the Shareholders who are entitled to attend the Meeting to authorize their presence by way of granting power of attorney including voting and
submitting questions with the following provisions:

  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/.
    1. Conventional Power of Attorney – form of power of attorney which includes mechanism to vote and ask questions on each of the Meeting agenda. The completed and signed Power of Attorney together with its supporting documents must be submitted to the Company at the latest on 12 June 2020 at 4 pm Western Indonesia Time via email to corporate.secretary@saratoga-investama.com.
    2. E-Proxy through eASY.KSEI – an electronic power of attorney provided by KSEI to facilitate and integrate power of attorney from scriptless Shareholders whose shares are in KSEI’s Collective Custody to their proxies. The proxy whose names are available at eASY.KSEI is an independent party appointed by the Company. Information regarding the independent proxies appointed by the Company can be accessed through the Company’s website www.saratoga-investama.com.
  2. Representatives of the Company’s Shareholder in the form of legal entities must submit:
    1. Photocopies of their latest Articles of Association; and
    2. Deed on the appointment of their incumbent board of directors,
      to the Company via email to corporate.secretary@saratoga-investama.com no later than 12 June 2020 at 4 pm Western Indonesia Time.

4. The Company provides Meeting agenda materials for each Meeting agenda through the Company’s website www.saratoga-investama.com and KSEI’s website https://akses.ksei.co.id/ which has been available to the Shareholders from the date of the Meeting Invitation to the GMS date.

5. The notary, assisted by the Company’s Securities Administration Bureau, will check and count votes for each agenda item in each meeting decision-making for such agenda, including those based on votes that have been submitted by Shareholders through eASY.KSEI as referred to in item 3) above, as well as those presented at 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. For Shareholders who will be present directly at the Meeting, a very strict health protocol will be applied in the framework of Corona Virus Disease (COVID-19) handling, which are as follows:

  1. Shareholders and their proxies who will attend the meeting must wear a mask.
  2. Shareholders and their proxies are requested to undergo Thermal Check by the building management before entering the Meeting venue, and if he/she does not meet the building management’s health protocol, he/she is not permitted to enter the Meeting location.
  3. Shareholders and their proxies showing flu like symptoms/cough/runny nose/fever/sore throat/shortness of breath are not allowed to enter the Meeting location.
  4. Shareholders and their proxies who will attend the Meeting must complete the Health Declaration Form which can be downloaded through the Company’s website www.saratoga-investama.com and submit it to the health officer before entering the Meeting location. If it does not meet the requirements stated on the Health Declaration Form, he/she is not permitted to enter the Meeting room.
  5. This meeting implements a physical distancing in radius of 1.5 meter per person.
  6. Meeting participants are encouraged not to shake hands or in any other way having direct skin contact.

8. In connection to prevent and control the spead of Corona Virus Disease (COVID-19) and the
implementation of large-scale social restrictions in DKI Jakarta, the Company does not provide food and drinks, printed annual reports or souvenirs to Shareholders who attend the Meeting.

9. In order to facilitate the arrangement and orderliness of the Meeting, Shareholders or their legal proxies are kindly requested to have been at the Meeting place no later than 30 (thirty) minutes before the Meeting begins.

Jakarta, 26 May 2020
PT Saratoga Investama Sedaya Tbk.
Board of Directors

2. Postponement Announcement of the Annual and Extraordinary General Meeting of Shareholders of PT Saratoga Investama Sedaya Tbk (the “Company”)

Postponement Announcement of the Annual and Extraordinary General Meeting of Shareholders of PT Saratoga Investama Sedaya Tbk
(the “Company”)

With regard to the Announcement of the Annual and Extraordinary General Meeting of Shareholders of PT Saratoga Investama Sedaya Tbk as published in an Indonesian daily newspaper with nationwide circulation, namely Kontan on Tuesday, 17 March 2020 and the Financial Services Authority Letter No. S-92/D.04/2020 on the Relaxation of Reporting Obligations and Implementation of General Meeting of Shareholders (“OJK Letter No. S-92/D.04/2020”), the Company hereby intends to postpone the Annual and Extraordinary General Meeting of Shareholders of the Company which was originally to be held on Thursday, 23 April 2020 at Financial Club, Board Room, Graha CIMB Niaga, 27th Floor, Jl. Jendral Sudirman Kav. 58, Jakarta 12190 until the time that will be determined later in accordance with the provisions stipulated in OJK Letter No. S-92/D.04/2020.

The Company will announce the invitation of the Annual and Extraordinary General Meeting of Shareholders in accordance with the OJK Regulation No. 32/POJK.04/2014 on the Planning and Holding of General Meeting of Shareholders of Public Companies as amended by the OJK Regulation No. 10/POJK.04/2017.

This announcement shall also be regarded as additional information to the Company’s Shareholders in relation to the Company’s Buyback Shares Plan and inseparable part of the Disclosure of Information of Buyback Shares Plan dated 17 March 2020.

We thank you for your kind attention.

Jakarta, 1 April 2020
PT SARATOGA INVESTAMA SEDAYA TBK
The Board of Directors

1. Announcement – AGMS & EGMS SRTG (FINAL 17.03.2020)

PT SARATOGA INVESTAMA SEDAYA Tbk
(“Company”)
ANNOUNCEMENT TO THE SHAREHOLDERS OF THE COMPANY

We hereby notify the shareholders of the Company that the Company will hold an Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders (“Meeting”) on Thursday, 23 April 2020.

The venue, time and agenda of the Meeting will be informed through an invitation of the Meeting which will be announced on Wednesday, 1 April 2020 in 1 (one) nationally circulated in Indonesian language daily newspaper, website of the Indonesia Stock Exchange (www.idx.co.id) and website of the Company (www.saratoga-investama.com).

The shareholders who are entitled to attend and/or be represented in the Meeting is the shareholders whose name are registered on the Register of Shareholders of the Company as per Tuesday, 31 March 2020 or the owner of stock account balance in the Collective Custody of PT Kustodian Sentral Efek Indonesia at the closing of shares trading on Tuesday, 31 March 2020.

In accordance with Article 12 of Financial Services Authority Regulation No. 32/POJK.04/2014 on the Planning and Implementation of General Meeting of Shareholders of Public Companies as amended by Financial Services Authority Regulation No. 10/POJK.04/2017 on the Amendment to Financial Services Authority Regulation No. 32/POJK.04/2014 on the Planning and Implementation of General Meeting of Shareholders of Public Companies and Article 11 paragraph 12 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 fulfil the following requirements:

1. the proposal is submitted in writing to the Board of Directors of the Company by one or more shareholders representing at least 1/20 (one twentieth) of the total issued shares with valid voting rights; and

2. the proposal is received by the Board of Directors at the latest 7 (seven) days prior to the invitation date of the Meeting, i.e., at the latest on Tuesday, 24 March 2020.

Jakarta, 17 March 2020
PT Saratoga Investama Sedaya Tbk
The Board of Directors