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

22 April 2022

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 : Thursday / 21 April 2022
Time : 12.10  –  12.23 Western Indonesia Time
Place : Menara Karya lantai 17,
Jl. H.R. Rasuna Said Blok X-5, Kaveling 1-2, 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 : 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 12,602,396,045 shares with valid voting rights or 93.3700152% 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 2 : 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
12,598,790,645 votes or  99.97% of all shares with voting rights who attended the Meeting 3,604,500 votes or 0.02% of all shares with voting rights who attended the Meeting 900 votes or 0.0000071% 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 Forty Five Million (45,000,000) shares or a maximum of zero point three-three percent (0.33%) of the issued and paid-up capital of the Company for a total cost of up to One Hundred Fifty Billion Rupiah (Rp150,000,000,000).
    2.   Approve the granting of authority and power to the Board of Directors of the Company, both collectively and 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 buy back with due observance to the provisions and regulations of prevailing laws and regulations, to restate the composition of the Company’s shareholders, to appears and/or present before the competent authorities and/or Notary Public 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
12,456,503,190 votes or 98.84% of all shares with voting rights who attended the Meeting 34,800 votes or 0.0002761% of all shares with voting rights who attended the Meeting 145,858,055 votes or 1.15% of all shares with voting rights who attended the Meeting

 

Resolutions of the Meeting Agenda 2:

  1. Approving to allocate up to Twenty Million (20,000,000) shares for distribution to the Company’s employees in 2022 as 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,  22 April 2022

 PT SARATOGA INVESTAMA SEDAYA Tbk

Board of Directors

 

SRTG-Summary of EGMS 2022