The Resolutions of the AGMS 7 May 2014
ANNOUNCEMENT ON THE RESOLUTIONS OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS OF PT SARATOGA INVESTAMA SEDAYA, Tbk.
Hereby we announce to the Shareholders of PT Saratoga Investama Sedaya, Tbk. (the “Company”) that the Annual General Meeting of Shareholders of PT Saratoga Investama Sedaya, Tbk. (“AGMS”) has been conducted on Wednesday, 7 May 2014 at 10 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 AGMS of the Company are as follows:
- First Agenda
- To approve the Annual Report delivered by the Board of Directors on the conditions and the performance of the Company within the Book Year of 2013, including report on the realization on the use of proceeds from the IPO of the Company and report on the implementation of supervisory duty of the Board of Commissioners for the Book Year of 2013.
- To ratify the Consolidated Financial Statement of the Company and Subsidiaries for the Year Ended on 31 December 2013, which has been audited by the Public Accountant Firm Siddharta&Widjaja (a member of KPMG global network) as stated in their report No. L.13-6363-14/III.27.002 dated 27 March 2014, with the opinion “Unqualified Opinion”.
- Second Agenda
- To determine that the Company’s profit of the year in 2013 attributable to the Owners of the Company is in the amount of IDR245,914,000,000 (two hundred forty five billion nine hundre fourteen million Indonesian Rupiah), which will be utilized as follows:
- in the amount of IDR20,000,000,000 is appropriated as reserved fund, in accordance with the provision of Article 70 of the Law No. 40 of 2007 regarding Limited Liability Company; and
- in the amount of IDR225,914,000,000 shall be posted as retained earnings.
- To determine that the Company will not distribute the cash dividend to the Shareholders upon the profit obtained by the Company for the book year ended on 31 December 2013.
- To determine that the Company’s profit of the year in 2013 attributable to the Owners of the Company is in the amount of IDR245,914,000,000 (two hundred forty five billion nine hundre fourteen million Indonesian Rupiah), which will be utilized as follows:
- Third Agenda
To approve the appointment of Public Accountant Firm Siddharta & Widjaja (a member of KPMG global network) to audit the Company’s financial statement for the financial year ended 31 December 2013, as well as to grant authority to the Board of Commissioners of the Company to determine the honorarium for such public accountant and to appoint its substitution if due to any reason such appointed Public Accountant is unable to fulfill its obligation - Fourth Agenda
To approve the total salary, service payment and other benefits for the member of the Board of Directors are in the amount of IDR8,595,488,750 and USD127,072, as well as MESOP’s option right in total of 3,832,000 option right; and total salary or honorarium and other benefits for the member of the Board of Commissioners are IDR6,472,759,000, effective as of 1 January 2014 whereby the calculation will be based on the composition of the Board of Directors and the Board of Commissioner for 2014. - Fifth Agenda
To approve the granting of authority to the Board of Commissioners to state the realization of increase of subscribed and paid-in capital of the Company for the purpose of MESOP program, for a one year period effective as per the closing of this Meeting.
This announcement is 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 January 17th January, 1996, regarding Proposed Plan and Implementation of the General Meeting of Shareholders.
Jakarta, 9 May 2014
PT Saratoga Investama Sedaya, Tbk.
Board of Directors