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PT BANK BTPN Tbk (the "Company")
Domiciled in South Jakarta
ANNOUNCEMENT ON
TREASURY STOCKS WITHDRAWAL
The Board of Directors of the Company hereby announces that based on Extraordinary General
Meeting of Shareholders that was held on 7 December 2023, in relation to the treasury stocks
withdrawal ("Treasury Stocks Withdrawal"), shareholders of the Company have approved the
proposed withdrawal of 92,292,198 treasury stock and therefore to amend the article 4
paragraph (2) of the Company's Articles of Association.
Treasury Stocks withdrawal is conducted to comply with the requirements as set out in Otoritas
Jasa Keuangan (Financial Services Authority - "OJK") Regulation No. 2/POJK.04/2013 on Buyback
of Shares Issued by Issuers or Public Companies in Significantly Fluctuating Market Conditions
(which has been revoked and replaced by OJK Regulation No. 13 of 2023 on Policies for
Maintaining Capital Market Performance and Stability in Significantly Fluctuating Market
Conditions).
If the creditors of the Company have objections towards the Company's plan on Treasury Stocks
Withdrawal, the creditors in concern may file such objection in writing within 60 (sixty) days
from the date of this announcement along with the cause of objection to the Company at the
following address:
PT BANK BTPN Tbk
Menara BTPN, 29 floor, CBD Mega Kuningan
Jl. Dr. Ide Anak Agung Gde Agung, Kav 5.5 – 5.6
South Jakarta 12950
Telephone: +62 21 30026200
E-mail: corporate.secretary@btpn.com
Attn: Corporate Secretary
and with a copy to the Minister of Law and Human Rights as provided in Article 45 paragraph
(1) of Law No. 40 of 2007 on Limited Liability Companies as partially amended by Law No. 6
of 2023 on Stipulation of Government Regulation In Lieu Of Law No. 2 of 2022 on the Job
Creation to Become a Law ("Company Law").
This announcement is made to comply with Article 44 of the Company Law.
Jakarta, 8 December 2023
The Board of Directors of PT Bank BTPN Tbk
Page 2
The Jakarta Post HEADLINES FRIDAY December 8, 2023 3
Lawsuit says Meta exposes
children to exploitation US Senate blocks Ukraine, Israel
Agence France-Presse
San Francisco, United States
related to masturbation, nudity,
bondage and fetishism.
“Child exploitation is a horrif-
aid in row over immigration
The United States state of
New Mexico filed a lawsuit on
ic crime and online predators are
determined criminals,” a Meta
White House request for $106 billion in emergency aid
Wednesday accusing Facebook spokesperson said in response to
and Instagram of being a “breed- an AFP inquiry.
ing ground” for predators who Meta’s fight against predators Danny Kemp
target children. includes using sophisticated tech- and Frankie Taggart
The new suit comes less than nology, employing child safety
two months after dozens of US experts, reporting content to the Agence France-Presse/Washington
states accused Facebook and In- National Center for Missing and Republican senators blocked a
stagram owner Meta of profiting Exploited Children, and sharing White House request for US$106
“from children’s pain”, damag- information with other companies billion in emergency aid primar-
ing their mental health and mis- and law enforcement agencies, the ily for Ukraine and Israel Wednes-
leading people about the safety spokesperson added. day as conservatives balked at the
of its platforms. Meta disabled more than exclusion of immigration reforms
In total more than 40 states 500,000 accounts in August they had demanded as part of
are suing Meta, though some alone for violating its child safe- the package.
opted to file in local courts rather ty policies, according to a task The vote marked a significant
than join in the federal case. force at the company dedicated defeat for President Joe Biden,
“Our investigation into Me- to the effort. who had warned Congress earlier
ta’s social media platforms dem- Child victims of abuse online in the day that Russian President
onstrates that they are not safe are a hot-button issue for regula- Vladimir Putin would not stop
spaces for children but rather tors and tech companies are ea- with victory in Ukraine and could
prime locations for predators to ger to show they are taking ad- even attack a NATO nation.
trade child pornography and so- equate measures to protect kids The package would include
licit minors for sex,” New Mexico and teens. roughly $60 billion to help
attorney general Raul Torrez said Big tech companies, includ- Ukraine keep up pressure on
in a statement. ing Meta and Google, said last Russia during the frigid win-
Children can easily evade month they would team up ter months and around $10 bil-
Facebook and Instagram age in a new program to fight on- lion for Israel in its conflict with
constraints by lying about how line child sexual abuse or Hamas militants, plus some aid
old they are, the suit charged, exploitation. for Taiwan.
detailing examples. In the new program, called Chuck Schumer, the Demo-
Once on the social networks, Lantern, companies will share cratic Senate leader, had com- AFP/Mandel Ngan
children are targeted by Meta signs of activity that violate their mitted to holding a vote later Funding for Ukraine: United States President Joe Biden arrives on Wednesday to deliver remarks
software that not only strives to policies on child exploitation so on adding the border security urging Congress to pass his national security supplement request, which includes funding to support
keep them engaged but directs that platforms can move more measures demanded by Repub- Ukraine, in the Roosevelt Room of the White House in Washington, DC.
inappropriate material their way, quickly to detect, take down and licans in a bid to secure the 60
according to the filing. report problematic content. votes needed to get it over its first of money for more Ukraine aid in of Seven nations to discuss how to changes to border policy.
“Facebook and Instagram are The announcement of Lan- procedural hurdle. weeks unless lawmakers act. shore up western aid for Kyiv. The Louisiana Republican has
a breeding ground for preda- tern came on the same day that a But the 49-strong Republi- The president has been un- Zelensky warned the leaders also declared that any Israel aid
tors who target children for hu- former Meta senior engineer told can minority in the 100-member der pressure from progressives that Moscow was counting on needs to be offset with spend-
man trafficking, the distribution a Senate hearing in Washington upper chamber voted en masse to reject sweeping conserva- western unity to “collapse” next ing cuts, a policy Democrats, the
of sexual images, grooming, and that top executives, including against moving forward, pointing tive demands on immigration, year and said Russia had ramped White House and most Senate
solicitation,” the suit argued. Mark Zuckerberg, ignored his to a lack of government action on which they say are akin to clos- up pressure on the front lines of Republicans oppose.
The complaint cited the ex- warnings that teens were unsafe the estimated 10,000 migrants ing the border, but he vowed the war. Centrist Democrat Joe Man-
ample of a 12-year-old who on the company’s platforms. crossing from Mexico daily. in an impassioned televised But the precarious prospects chin, often a thorn in the side of
opened a Facebook account by Zuckerberg is named as a “Everyone has been very, very address he would accept “signifi- for the aid package had been the White House, voiced support
giving a bogus birthdate and was defendant in the suit filed by clear on this to say we’re standing cant compromise”. clear since a classified Ukraine for the security package, but only
quickly recommended content New Mexico. firm. Now is the moment,” Sena- briefing for senators Tuesday that because of Schumer’s pledge that
tor James Lankford, a lead Re- ‘This cannot wait’ saw several Republicans walk out, amendments on border security
publican negotiator on immigra- “This cannot wait. Frankly, angry that there was no talk of could be added later.
tion and border issues, told Fox I think it’s stunning that we’ve border security. “In the greatest country on
Business ahead of the vote. gotten to this point in the first Zelensky had been due to ad- Earth, we do not have to choose
Australia, Papua New Guinea “We’re completely out of con-
trol at the southern border, and
place, where Republicans in Con-
gress are willing to give Putin the
dress the meeting via videolink
but canceled at the last minute.
between protecting our homeland
and defending our allies,” he said.
announce security deal it’s time to resolve this.”
Biden has led the global coali-
greatest gift he could hope for,”
Biden said.
In the Republican-led House,
Speaker Mike Johnson, who voted
The State Department sepa-
rately announced a stopgap $175
tion backing Kyiv, but support has The Democratic leader was against aid to Kyiv before he took million tranche of new aid for
been waning among Republicans speaking after a video summit with on this job, has made clear he will Ukraine on Wednesday, including
Steven Trask “That’s why it has taken until in Congress, and the administra- Ukrainian President Volodymyr not agree to sending any more prized HIMARS rockets, shells,
now, because of the political cap- tion has warned that it will run out Zelensky and the leaders of Group money without “transformative” missiles and ammunition.
Agence France-Presse/Sydney, ital Marape used on the Ameri-
Australia can agreement,” he told AFP.
Australia clinched a security “He couldn’t do a deal with
deal with Papua New Guinea on Australia at the same time.”
Thursday, bolstering ties with a
Pacific state that has been court-
Marape and Albanese said
earlier this year they were put- ‘Unabated’, a word to split the world at COP28
ed persistently by China. ting the finishing touches on a
Canberra pushed for a more major bilateral security treaty.
substantive treaty earlier this But that agreement, which Imran Marashli
year, but Papua New Guinea they had hoped to sign in June, and Kelly Macnamara Carbon capture and storage (CCS)
balked because leaders feared started unraveling in the closing Underground storage of some of the CO2 emitted by industries avoids it being released in the atmosphere
it undermined the country’s stages of negotiations. Agence France-Presse/Paris
“sovereign rights”. By July, Marape was voicing The outcome of the most impor- INDUSTRIAL CENTRE TERMINAL
Allies Australia and the Unit- concerns that unspecified claus- tant climate negotiations in years 1 3 4
ed States have been on a dip- es encroached on his country’s could rest on the ambiguity sur- Filtration Transport Offshore platform
lomatic blitz to shore up their “sovereign rights”. rounding one linchpin term, ac- Capture of CO2 of CO2 Example: Project Greensand,
relationships in the South Thursday’s revised agreement cording to experts: “Unabated from factory in boats in the North Sea
Pacific region. includes more training for Papua fossil fuels.” smokestacks
They were jolted into action in New Guinea’s police, resourc- With the world experiencing its
April last year when Solomon Is- es for the country’s judges, and hottest year on record and devas-
lands, Papua New Guinea’s east- measures to tackle gender-based tating heat, wildfires and flooding Hundreds to
ern neighbor, signed a secretive violence. battering communities across the thousands of
2 metres
security pact with China. It also covers climate change, planet, negotiators at the COP28 Pipeline
in depth
Australia’s salvaged agree- cyber security and disaster relief. talks must hammer out a response Liquefaction
ment focuses on Papua New Perched less than 200 kilome- to a United Nations assessment of stored CO2 Geological
Guinea’s domestic security, as ters from Australia’s northern- that countries are far from meet- cavity
stretched police struggle to con- most border, Papua New Guinea ing their climate targets. Example: empty
oil field
tain arms trafficking, drug smug- is the largest and most populous Ditching coal, oil and gas for
gling and tribal violence. state in Melanesia. cleaner energies is essential if the
Papua New Guinea Prime It is blessed with vast depos- world is to meet its goal of limiting 5 Storage of CO2 in rock
Minister James Marape said the its of gas, gold, and minerals, and global warming and avoiding the Remineralisation in about 2 years
deal covered a “broad spectrum peers over some of the Pacific re- most catastrophic climate impacts. Srouces: European Environment Agency, Project Greensand, Global CCS Institute
of security”, including policing gion’s busiest shipping lanes. Among the menu of hotly con-
and support for the country’s “Because of its size, popula- tested options negotiators have
legal system. tion, and geography it’s always picked over this week include an Jaber, who also leads the UAE’s tries, including France, Kenya and There are also concerns that
Australian Premier Anthony going to be a logical anchor point agreement to accelerate “efforts to- national oil company ADNOC, Colombia, said abatement tech- the technology will not stop
Albanese said it would promote for a Pacific policy,” said Graham. wards phasing out unabated fossil has said climate diplomacy nology has a “minimal” role to enough emissions from reaching
“regional stability” in the Pacific. fuels” and to cut their use to reach should focus on phasing out play in decarbonizing energy. the atmosphere.
Papua New Guinea granted China’s deep links net-zero by around mid-century. emissions, not necessarily the “We cannot use it to green-light
the US “unimpeded” access to Australia scored a major stra- There is also an option of a fossil fuels themselves. fossil fuel expansion,” they said. Op-Ed page 6, 7
key naval bases, ports and air- tegic win last month when it un- “rapid phase out of unabated coal His stance clashes with na-
fields under a deal hammered veiled a landmark agreement power” this decade. tions seeking a commitment to
out in May this year. with climate-threatened Pacific The problem, experts say, is phasing out oil, gas and coal al-
But there was a swift political nation Tuvalu. in specifying what this actually together, such as Pacific island
backlash, with opponents con- That deal gives Australia a means. nations that could be swallowed
cerned the former British colony say in Tuvalu’s future defense “Terms like unabated, they by rising seas.
was yielding too much influence agreements, effectively block- have no clear meaning at the mo- In the near-term, the IPCC
to foreign powers. ing China from striking up a ment,” Lisa Fischer, an analyst says greenhouse gas emissions
similar pact. with the think tank E3G said at a need to be slashed almost in
PT BANK BTPN Tbk (the “Company”)
Political backlash Papua New Guinea has been briefing this week. half this decade to meet the
Domiciled in South Jakarta
Australian Strategic Policy treading a more delicate path, Abated is generally understood Paris deal’s more ambitious,
Institute analyst Euan Graham eager to deal with Canberra and as capturing emissions before and safer, limit of 1.5-degree ANNOUNCEMENT ON
said the backlash had ultimately Washington without needlessly they go into the atmosphere. Celsius warming. TREASURY STOCKS WITHDRAWAL
damaged Canberra’s efforts. provoking Beijing. A footnote in the most re- That means rapidly replac-
The Board of Directors of the Company hereby announces that based on Extraordinary General
cent benchmark report of the UN ing fossil fuels with renew- Meeting of Shareholders that was held on 7 December 2023, in relation to the treasury stocks
IPCC scientific advisory body said ables, say experts, noting that withdrawal (“Treasury Stocks Withdrawal”), shareholders of the Company have approved the
unabated fossil fuels are those CCS has little role to play in this proposed withdrawal of 92,292,198 treasury stock and therefore to amend the article 4 paragraph
(2) of the Company’s Articles of Association.
“without interventions that sub- crucial decade.
stantially reduce” greenhouse gas In 2022, 35 commercial- Treasury Stocks withdrawal is conducted to comply with the requirements as set out in Otoritas Jasa
Keuangan (Financial Services Authority - “OJK”) Regulation No. 2/POJK.04/2013 on Buyback of
emissions. scale facilities worldwide ap- 6KDUHV,VVXHGE\,VVXHUVRU3XEOLF&RPSDQLHVLQ6LJQL¿FDQWO\)OXFWXDWLQJ0DUNHW&RQGLWLRQV ZKLFK
That can include capturing at plying CCS isolated a total of has been revoked and replaced by OJK Regulation No. 13 of 2023 on Policies for Maintaining
least 90 percent of carbon diox- 45 million tonnes of CO2, ac- &DSLWDO0DUNHW3HUIRUPDQFHDQG6WDELOLW\LQ6LJQL¿FDQWO\)OXFWXDWLQJ0DUNHW&RQGLWLRQV
ide from power plants, or up to 80 cording to the International If the creditors of the Company have objections towards the Company’s plan on Treasury Stocks
:LWKGUDZDOWKHFUHGLWRUVLQFRQFHUQPD\¿OHVXFKREMHFWLRQLQZULWLQJZLWKLQ VL[W\ GD\VIURP
percent of the methane that leaks Energy Agency. the date of this announcement along with the cause of objection to the Company at the following
during energy production and By comparison, Jaber has address:
transport, the report suggested. said the world needs to cut PT BANK BTPN Tbk
Discussions of abatement emissions amounting to 22 bil- 0HQDUD%731ÀRRU&%'0HJD.XQLQJDQ
largely center around Carbon lion tonnes of greenhouse gas- -O'U,GH$QDN$JXQJ*GH$JXQJ.DY±
South Jakarta 12950
Capture and Storage (CCS) tech- ses “in the next seven years”. 7HOHSKRQH
nologies that trap emissions Even in the longer term, sci- E-mail: corporate.secretary@btpn.com
from power stations or industrial entists project there will be Attn: Corporate Secretary
AFP/Hilary Wardhaugh facilities. only limited use of abatement and with a copy to the Minister of Law and Human Rights as provided in Article 45 paragraph (1) of
/DZ1RRIRQ/LPLWHG/LDELOLW\&RPSDQLHVDVSDUWLDOO\DPHQGHGE\/DZ1RRIRQ
Containing China: Papua New Guinea’s Prime Minister James This is touted by the fos- technology, focused in sectors Stipulation of Government Regulation In Lieu Of Law No. 2 of 2022 on the Job Creation to Become
Marape (right) shakes hands with Australia’s Prime Minister sil fuel industry and major pro- that are particularly hard to de- a Law (“Company Law”).
Anthony Albanese in Parliament House in Canberra on Thurs- ducing countries, including oil- carbonize, like cement. This announcement is made to comply with Article 44 of the Company Law.
day. Australia has signed a security deal with Papua New Guinea, rich COP28 host the United Arab In a statement released be-
Jakarta, 8 December 2023
bolstering ties to a key Pacific neighbor that has been courted Emirates (UAE). fore the climate talks, the High The Board of Directors of PT Bank BTPN Tbk
persistently by China. COP28 president Sultan Al Ambition Coalition of coun-
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