Extraordinary Meeting of Shareholders I could not be held because the quorum requirement was not fulfilled. This Extraordinary Meeting of Shareholder was to be held to seek shareholders approval for the following matters : - Approval for a change in Article 4 paragraphs (1) and (2) of the Articles of Association with regard to the Increase in Authorized Capital and the change in the Subscribed and Paid-Up Capital of the company.
- Approval for the issue of new shares with a different nominal value through a Rights Issue, and
- A change in the composition of the Company's Management.
Extraordinary Meeting of Shareholders II.
Agenda Items 1 & 2 regarding the Change in the Articles of Association and the Rights Issue with a different nominal value could not be discussed or resolved because the quorum for said agenda items was not fullfilled. The quorum requirement for Agenda Item 3 was fullfilled and the shareholders resolved to approve the change in the Composition of the Company's Management, as follows : Composition of the Board of Commisioners: - President Commisioner & Independent Commisioner : Irwan Sjarkawi
- Commisioner : Amrin Yamin
- Independent Commisioner & Chairman of the Audit Commitee : Setio Anggoro Dewo
Composition of the Board of Directors: - President Director : Bobby Gafur S. Umar
- Director : Yuanita Rohali
- Director : Ambono Januarianto
- Director & Corp. Secretary : Juliandus Tobing
Extraordinary Meeting of Shareholders III.
The shareholders resolved the following matters by majority vote : - To approve changes in Article 4 paragraph (1) and Article 4 paragraph (2) of the Company's Articles of Association with regard to:
- An increase in the Authorized Capital of the Company, and;
- A change in the Subscribed and Paid-Up Capital of the Company;
- To approve the issue of new shares with a different nominal value through a Rights Issue.
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