GENERAL MEETING OF SHAREHOLDERS (GMS)

In accordance with the Company’s Articles of Association and the prevailing regulations, the General Meeting of Shareholders (GMS) is the highest corporate governance organ in the Company, and it has the authority to decide on matters that cannot be decided on by the Board of Commissioners or the Board of Directors. Among the authorities only bestowed upon the GMS are the authorities to appoint and dismiss members of the BOC and the BOD, amend the Company’s Articles of Association, and decide on issues related to the distribution of dividends.
 

The Company recognizes two types of GMS, namely, the Annual GMS (AGMS), which must be conducted every year at the latest 6 (six) months after the closing of the fiscal year, and the Extraordinary GMS (EGMS), which may be held at any time as deemed necessary, in accordance with the relevant provisions in the Company’s Articles of Association The preparation and execution of the GMS are in accordance with the prevailing OJK regulations, with the stages of announcement, summons, notification of the agendas, and implementation of the GMS being properly documented to be subsequently reported to the OJK, IDX, and announced on the media.

 

In 2018, the Company conducted the following GMS:

1. Annual General Meeting of Shareholders (AGMS) on 30 May 2018 at Arjuna Room, Kresna Tower, attended by 761,329,400 shares with valid voting rights or equal to 87.7% of the total shares with valid voting rights issued by the Company.
2. Extraordinary General Meeting of Shareholders (EGMS) on 30 May 2018 at Arjuna Room, Kresna Tower, attended by 745,467,400 shares with valid voting rights or equal to 85.9% of the total shares with valid voting rights issued by the Company.

 

In 2019, the Company conducted the following GMS: 

1. Annual General Meeting of Shareholders (AGMS) on 27 May 2019 at Arjuna Room, Kresna Tower, attended by 729,609,100 shares with valid voting rights or equal to 84.063% of the total shares with valid voting rights issued by the Company.

2. Extraordinary General Meeting of Shareholders (EGMS) on 27 May 2019, at Arjuna Room, Kresna Tower, attended by 729,609,100 shares with valid voting rights or equal to 84.063% of the total shares with valid voting rights issued by the Company.
3. Extraordinary General Meeting of Shareholders (EGMS) on 17 December 2019, at Arjuna Room, Kresna Tower, attended by 709,204,410 shares with valid voting rights or equal to 81.712% of the total shares with valid voting rights issued by the Company.
 

The Company conducted the above AGMS and EGMS in accordance with the provisions of the Law No. 40/2007 on Limited Liability Companies and OJK Regulation No. 32/POJK.04/2014 on Plan and Implementation of General Meeting of Shareholders of Public Companies.