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ANNOUNCEMENT SUMMARY OF MINUTES SECOND ANNUAL GENERAL MEETING OF SHAREHOLDERS PT BORNEO OLAH SARANA SUKSES Tbk.

ANNOUNCEMENT

SUMMARY OF MINUTES

SECOND ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT BORNEO OLAH SARANA SUKSES Tbk.

 

PT BORNEO OLAH SARANA SUKSES Tbk, domiciled in West Jakarta, hereby informs that on Thursday, September 16, 2021, at Wisma 77 Tower 1 8th Floor, Jalan Letjen. S. Parman Kaveling 77, Slipi, West Jakarta 11410, the Second Annual General Meeting of Shareholders (hereinafter referred to as the “Second AGMS”) was held for PT BORNEO OLAH SARANA SUKSES Tbk. (hereinafter referred to as the “Company”). The Second AGMS was opened at 14.29 WIB and the Second AGMS was attended by members of the Board of Commissioners and Directors of the Company, namely:

 

A.          The Board of Commissioners and Directors who were present at the Second AGMS

Board of Commissioners

Directors

 Independent Commissioner : Mr. DAVID ALUSINSING;

  Director : Mr. WIDODO NURLY SUMADY;

 

B.          Quorum of Attendance of Shareholders

Whereas the provisions regarding the quorum for the validity of the Second AGMS are:

?       Provisions for Quorum of Attendance and Decision Making of the Second AGMS:

-        For the quorum of attendance on the agendas of the Second AGMS based on the provisions of Article 41 paragraph 1 (b) of POJK 15/2020, that the Second AGMS is valid if attended/represented at least 1/3 (one third) of the total number of shares that have been issued by the Company with valid voting rights; and

-        For the quorum of decisions on the agendas of the Second AGMS based on the provisions of Article 41 paragraph 1 (c) of POJK 15/2020 and the Company's Articles of Association, that the Second AGMS may adopt valid and binding decisions if approved by more than (one half) of the the number of votes cast with valid voting rights in the Second AGMS.

The Second AGMS was attended by shareholders or their legal proxies who were present or represented at the Second AGMS as many as 536,610,896 (five hundred thirty six million six hundred ten thousand eight hundred ninety six) shares or 38.33% (three twenty eight point three three percent) of 1,400,000,000 (one billion four hundred million) shares, which are all shares issued by the Company up to the date of the Second AGMS.

-Thus, based on the quorum of attendance, the Second AGMS is valid and can make valid and binding decisions for the entire agenda of the Second AGMS.

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C.          Agendas for the Second AGMS

1.         Approval of the 2020 Annual Report including the Supervisory Report of the Board of Commissioners and Ratification of the Company's Financial Statements ending on 31 December 2020 as well as granting full release and discharge of responsibility (acquit et de charge) to all members of the Board of Commissioners and Board of Directors of the Company for their supervisory actions and management carried out for the financial year ending on December 31, 2020;

2.        Approval of Determination of the Use of Company Profits for Financial Year 2020;

3.        Shareholders' approval for the appointment and appointment of a Public Accountant who will audit the Company's financial statements for the 2021 financial year;

4.         Determination of honorarium or salary, and other allowances for the Board of Commissioners and Board of Directors of the Company for the 2021 financial year; and

5.        Changes in the Composition of the Company's Board of Directors.

 

D.          Opportunity for Questions and Answers

Prior to making a decision, the Chairperson of the Meeting provides an opportunity for the Shareholders and/or their proxies who are present to ask questions in every discussion of the Agendas of the Second AGMS. There is no question from the Shareholders and/or the proxy of the Shareholders in each of the Agendas of the Second AGMS.

 

E.          Decision Making Mechanism

Decisions are taken by deliberation for consensus, but if deliberation for consensus is not reached, then decisions are taken by voting. In accordance with the provisions of Article 47 of the Financial Services Authority Regulation Number 15/POJK.04/2020 concerning the Plan and Implementation of the General Meeting of Shareholders of a Public Company, shareholders who attended the Second AGMS but did not cast a vote (abstained) were deemed to have cast the same vote as the majority vote. voting shareholders........


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ANNOUNCEMENT SUMMARY OF MINUTES SECOND ANNUAL GENERAL MEETING OF SHAREHOLDERS PT BORNEO OLAH SARANA SUKSES Tbk.

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