News

PT. AKR Corporindo, Tbk

Invitation of AGMS and EGMS 2019

April 08, 2019

Board of Directors hereby inform the Shareholders of the Company, that the Company will hold an Annual General Meeting of Shareholders (“AGMS”) and Extraordinary General Meeting of Shareholders (“EGMS” that jointly with AGMS hereinafter referred to as the "Meeting") to be hold on:

Day/Date    : Tuesday, April 30th, 2019

Time           : 10.00 a.m. – finish

Venue         : Bandahara Ballroom, MERCANTILE ATHLETIC CLUB, Penthouse (18th Floor) World Trade Center I, Jl. Jend. Sudirman Kav 31, Jakarta 12920 

With the following Agenda:

AGMS:

1.     Approval and ratification of the Report of the Board of Directors regarding the course of the Company's business and financial administration for the financial year ended on December 31st, 2018 as well as the approval and ratification of the Company's Financial Statements including the Balance Sheet and Profit/Loss Statement for the year ended on December 31st, 2018 that have been audited by the Independent Public Accountant, and the approval of the Company’s Annual Report, the report of the Board of Commissioners supervisory duties for the fiscal year ended on December 31st, 2018, and to provide settlement and discharge of responsibility (acquit et de charge) to all members of the Board of Directors and Board of Commissioners for the actions of management and supervision that have been conducted in the fiscal year ended on December 31st, 2018. 

Explanation: With respect to above mentioned agenda, the Company will provide explanations to the shareholders regarding the implementation of Propriertorship’s bussiness activity and financial circumstances as listed in the Company’s Financial Report for the fiscal year ended December 31, 2018. Based on the settlement Article 10 verse 5 of Company’s Articles of Association, the approval of the Financial Report as it is stated above will provide release and full acquit (acquit et de charge) to all members of Director and Board of Commissioners for the actions of management and supervision which have been done in the fiscal year ended December 31, 2018. 

2.     Approval for the proposed plan of the Company’s Net Income usage for the fiscal year ended December 31, 2018.

Explanation: With respect to above mentioned agenda, we will discuss and decide regarding the appropriation of the company’s net income for year ended on December 31, 2018. Based on the legislation set in (i) Articels 22 verse 1 of Company’s Articles of Association and (ii) Article 70 and Article 71 verse (1) the Law of Limited Liabilities Companies No. 40 year 2007 (“UUPT”), The use of company’s net income is to be decided in GMS.

3.     Appointment of Independent Public Accountant Firm to conduct audits on the books of the Company for the financial year ended December 31, 2019.

Explanation: With respect to above mentioned agenda, we will discuss regarding the plan of the appointment of Independent Public Accountant which is registered with Financial Services Authority (“OJK”)  whom will conduct audit of the books of the account for fiscal year ended on December 31, 2019. The Company seek approval from shareholders to authorize the Board of Commissioners of the Company to appoint the public accountant, by the provisions of the public accountant appointed is registered in OJK and determine the amount of honorarium. 

4.     Change on the composition of the Board of Management of the Company.

Explanation: With respect to above agenda, the Company seek an approval from Shareholders to change: (i) the composition of the Board of Commissioners. According to the Articles 15 verse 7 the regulations of OJK No. 32/POJK.04/2014 regarding the Plan and Implementation of General Meeting of Shareholders of Public Company (“POJK No. 32”), the curriculum vitae of candidate of Board of Commissioners of the Company which will be presented at the Meeting is available on the website of the Company from the invitation of Meeting until the date of the Meeting; and (ii) the nomenclature of the Board of Directors of the Company related to the position of Independent Director.

5.     Determination on salaries and other allowances of the members of the Board of Directors as well as honorarium and other allowances for the members of the Board of Commissioners.

Explanation: With respect to above agenda, the Company propose to the meeting to determine the salaries and allowance of Board of Directors and honorarium and benefit of Board of Commissioners.

EGMS:

1.     Approval of changes to (i) article 3 of the Company's Articles of Association subject Business Purposes, Objectives and Activities, in order to the fulfillment of the terms and conditions of Government Regulation Number 24 year 2018 regarding the Electronic Integrated Business Licensing Services and the addition of supporting business activities of the Company; and (ii) provisions in article 18 of the Company’s Articles of Association subject the Board of Commissioners as realignment with OJK Regulation No. 33/POJK.04/2014 regarding Board of Directors and Board of Commissioners of Public Company.

Explanation: With respect to above agenda, the Company seek an approval from Shareholders to amend (i) article 3 of the Company's Articles of Association subject Business Purposes, Objectives and Activities, in order to the fulfillment of the terms and conditions of Government Regulation Number 24 year 2018 regarding the Electronic Integrated Business Licensing Services therefore are not constitute changes of main business activities as set forth in Bapepam-LK Regulation No. IX.E.2 regarding Material Transaction and the Changes of Main Business Activities; and (ii) provisions in article 18 of the Company’s Articles of Association subject to minimum member of Board of Commissioners as realignment with OJK Regulation No. 33/POJK.04/2014 regarding Board of Directors and Board of Commissioners of Public Company.

2.     Approval to grant authorization to the Board of Commissioners for every increase in issued/paid up of the Company in connection to the exercise of option with regard to the MSOP program, including adjusting to the number of Options if there is a stock split which has been decided by the Annual General Meeting of Shareholders and conducted under the provisions of legislation in force.

Explanation: With respect to above mentioned agenda, will be discussed and decided upon regarding the granting of authority to the Board of Commissioners of the Company to agree the implementation of the decisions of the GMS regarding the increase in issued/paid up capital of the Company in accordance with Article 41 paragraph 1 and 2 UUPT.

Note:

1. The Meeting Announcement have been submitted by the Company through the daily newspaper Bisnis Indonesia, Indonesia Stock Exchange website and Company website www.akr.co.id on Friday, dated on March 22, 2019.

2. The Company does not send a separate invitation letter to shareholders, therefore this announcement is in accordance with Article 11 paragraph 7 (a) of the Articles of Association of the Company and serves as official invitation to the Shareholders.

3. Shareholders who are entitled to attend or be represented at the Meeting are:

a. For shares of the Company which are not deposited in Collective Custody:

Shareholders or legal proxies of shareholders of the Company whose names are registered in the Register of Shareholders of the Company as of April 5, 2019 at the latest 04.00 p.m. (Western Indonesian Time) at PT Raya Saham Registra, Securities Administration Bureau of the Company domiciled in Jakarta and located at Gedung Plaza Sentral, 2nd Floor Jl. Jend. Sudirman Kav. 47-48 Jakarta 12930 Indonesia, Phone: 62-21-2525666, Facsimile: 62-21-2525028 (Biro Adminstrasi Efek or “BAE”);

b. For shares of the Company which are deposited in Collective Custody:

Only the shareholders or legal proxies of the shareholders of the Company whose names are registered with the account holder or custodian bank at PT Kustodian Sentral Efek Indonesia (“KSEI”) as of April 5, 2019 at the latest 04.00 p.m. (Western Indonesian Time). For KSEI securities account holders in Collective Custody, they are required to give the Register of Shareholders to KSEI in order to obtain Written Confirmation for the Meeting (Konfirmasi Tertulis Untuk Rapat or “KTUR”).

4. Shareholders or their proxies who will attend the meeting are kindly requested to bring and submit the copy of the Collective Share Certificate and Identity Card or other valid identification to the officers of the Company’s BAE, prior to entering the meeting room. The Shareholders in collective custody shall bring KTUR which can be obtained through exchange members or custodian bank.

5. a. Shareholders who are unable to attend the meeting can be represented by the proxies by bringing a valid power of attorney as determined by the Company’s Board of Directors which rules that a member of the Board of Directors, Board of Commissioners and the staff members, is eligible to act as proxy to shareholders in this meeting, having set that the votes that they cast will not be counted during the voting session.

b. Proxy forms can be obtained during the business hours in the office of BAE, which is PT Raya Saham Registra, Securities Administration Bureau of the Company domiciled in Jakarta and located at Gedung Plaza Sentral, 2nd Floor Jl. Jend. Sudirman Kav. 47-48 Jakarta 12930 Indonesia, Phone: 62-21-2525666, Facsimile: 62-21-2525028.

c. All the Power of Attornies must be received by the Board of Directors at the office of the BAE at the address as stated in item 5.b above, no later than three (3) working days prior to the date of the Meeting by 04.00 pm.

6.   For Shareholders in the form of legal entities such as limited liability companies, cooperatives, foundations or pension funds are required to bring a copy of their completed Articles of Association.

7.   Meeting materials are already available in the office of the Company as of the date of this invitation until the date of the Meeting and copies of such materials can be obtained by the Shareholders through a written request to the Company.

8.   The Shareholders who attend the Meeting shall wearing formal dress and polite (not allow to wear jeans, short pant, t-shirts, sneakers or sandals).

9.   To facilitate a swift conduct of the Meeting, the shareholders or their proxies are kindly requested to be present at the Meeting venue at least of 30 (thirty) minutes before the Meeting begins.


Jakarta, 8 April 2019

Directors of the Company


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