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DISCLOSURE OF INFORMATION TO SHAREHOLDERS OF
PT MULTI GARAM UTAMA TBK (“THE COMPANY”)
IN CONNECTION WITH THE PLAN FOR CAPITAL INCREASE WITHOUT PRE-EMPTIVE RIGHTS
(“PMTHMETD”)
THIS DISCLOSURE OF INFORMATION IS MADE AND ADDRESSED TO THE SHAREHOLDERS OF THE
COMPANY TO MAKE A DECISION AT THE EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
("EGMS") IN ORDER TO FULFILL THE PROVISIONS OF THE FINANCIAL SERVICES AUTHORITY
REGULATION NO. 14/POJK.04/2019 CONCERNING AMENDMENTS TO THE FINANCIAL SERVICES
AUTHORITY REGULATION NO. IX. 14/POJK.04/2019 REGARDING THE AMENDMENT TO THE REGULATION
OF THE FINANCIAL SERVICES AUTHORITY NO. 32/POJK.04/2015 REGARDING CAPITAL INCREASE OF
PUBLIC COMPANIES WITH PRE-EMPTIVE RIGHTS ("POJK NO. 14/2019").
THE INFORMATION CONTAINED IN THIS DISCLOSURE IS PRELIMINARY IN NATURE, AND THE COMPANY
WILL ANNOUNCE ANY CHANGES AND/OR ADDITIONAL INFORMATION TO THE SHAREHOLDERS NO LATER
THAN TWO (2) BUSINESS DAYS PRIOR TO THE DATE OF THE EGMS.
PT MULTI GARAM UTAMA TBK
Domiciled in South Jakarta, Indonesia
Main Business Activities:
A holding company and management service provider that integrates media, retail brands, and
intellectual property, both directly and indirectly through the Company’s subsidiaries and affiliated
entities.
Head Office:
Prosperity Tower, 17th Floor
Jl. Jend. Sudirman Kav. 52–53 No. 5, Senayan, Kebayoran Baru,
South Jakarta 12190, DKI Jakarta Province, Indonesia
Telp. (021) 50123124
Email: corporatesecretary@folkgroup.co
Website: https://www.folkgroup.co
IF YOU HAVE DIFFICULTY IN UNDERSTANDING THE INFORMATION CONTAINED IN THIS DISCLOSURE OR
ARE IN DOUBT IN MAKING A DECISION, YOU SHOULD CONSULT A SECURITIES BROKER, INVESTMENT
MANAGER, LEGAL ADVISOR, PUBLIC ACCOUNTANT OR OTHER PROFESSIONAL ADVISOR.
THE BOARD OF DIRECTORS OF THE COMPANY SUBMITS THE INFORMATION AS STATED IN THIS INFORMATION
DISCLOSURE WITH THE INTENTION OF PROVIDING INFORMATION AND A MORE COMPLETE PICTURE TO THE
COMPANY'S SHAREHOLDERS REGARDING PMTHMETD TRANSACTIONS AS PART OF THE COMPANY'S COMPLIANCE
WITH THE PROVISIONS OF POJK NO. 14/2019.
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THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS OF THE COMPANY, BOTH INDIVIDUALLY
AND COLLECTIVELY, ARE FULLY RESPONSIBLE FOR THE ACCURACY AND COMPLETENESS OF THE
INFORMATION AS DISCLOSED IN THIS INFORMATION DISCLOSURE AND AFTER CAREFUL RESEARCH,
CONFIRM THAT THE INFORMATION CONTAINED IN THIS INFORMATION DISCLOSURE IS CORRECT AND
THERE ARE NO IMPORTANT MATERIAL AND RELEVANT FACTS THAT ARE NOT DISCLOSED OR OMITTED IN
THIS INFORMATION DISCLOSURE SO AS TO CAUSE THE INFORMATION PROVIDED IN THIS INFORMATIO N
DISCLOSURE TO BE UNTRUE AND/OR MISLEADING.
This Disclosure of Information is published in Jakarta on November 05, 2025
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DEFINITION
"Account Holder" : refers to any party whose name is recorded as the owner of
a securities account at KSEI or at a Custodian Bank or
Securities Company.
"BAE" : refers to the party contracted by the Company and/or the
securities issuer to maintain records of securities ownership
and distribute rights related to the securities. In this case, PT
Adimitra Jasa Korpora, located in North Jakarta.
"Calendar Days" : refers to every day in a year according to the Gregorian
calendar, including Sundays and national holidays as
determined by the Government of the Republic of Indonesia,
as well as regular workdays that, due to specific
circumstances, are declared non- working days by the
Government of the Republic of Indonesia.
"Custodian Bank" : refers to the bank licensed as a custodian that provides
safekeeping services for securities and other assets related
to securities, including services such as receiving dividends,
interest, and other rights, settling securities transactions, and
representing account holders who are its customers.
"Disclosure of Information" : refers to this Disclosure of Information presented to the
Company’s shareholders in compliance with: (i) POJK No.
14/2019; and (ii) POJK No. 15/2020.
"GMS" : refers to the General Meeting of Shareholders.
"Government" : refers to any governmental institution, government body, or
authority of the Republic of Indonesia.
"IDR" or "Rupiah" : refers to Indonesian Rupiah, the legal currency of the
Republic of Indonesia.
"Indonesia Stock Exchange" : refers to the stock exchange as defined in Article 1, point 4
or "IDX" of Law No. 8 of 1995 on Capital Markets, as partially amended
by Law No. 4 of 2023 concerning Financial Sector
Development and Strengthening. In this case, it is managed
by PT Bursa Efek Indonesia, headquartered in Jakarta, where
the Company's shares are listed.
"KSEI" : refers to PT Kustodian Sentral Efek Indonesia, located in
Jakarta, which serves as the Central Securities Depository
and Clearing Institution in accordance with the Capital Market
Law.
"MoLHR" : refers to the Ministry of Law and Human Rights of the
Republic of Indonesia.
"New Shares" : refers to up to a maximum of 394,814,146 (three hundred
ninety-four million eight hundred fourteen thousand one
hundred forty-six) shares, or up to 10% (ten percent) of the
total issued and paid-up shares of the Company, to be issued
from the Company’s portfolio shares with a nominal value of
Rp20.00 (twenty Rupiah) per share.
"OJK" : Refers to the Financial Services Authority of the Republic of
Indonesia, an independent state institution with regulatory,
supervisory, investigative, and law enforcement powers as
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stipulated in Law No. 21 of 2011 on Financial Services
Authority, as amended by Law No. 4 of 2023 on Financial
Sector Development and Strengthening.
"POJK No. 15/2020" : refers to Financial Services Authority Regulation
No.15/POJK.04/2020 concerning Planning and
Implementation of General Meetings of Shareholders of Public
Companies.
"POJK No. 42/2020" : refers to Financial Services Authority Regulation
No. 42/POJK.04/2020 on Affiliated Transactions and
Conflict of Interest Transactions.
"Public" : refers to individuals or legal entities, whether Indonesian
citizens or foreign nationals, Indonesian legal entities, or
foreign legal entities, whether residing or domiciled in
indonesia or outside the jurisdiction of the Republic of
Indonesia.
"Regulation No. I-A" : refers to Indonesia Stock Exchange Regulation No. I-A on
Listing of Shares and Equity-type Securities Other than
Shares Issued by Listed Companies, an attachment to the
Decision of the Board of Directors of PT Bursa Efek Indonesia
No. Kep-00101/BEI/12-2021 dated December 21, 2021.
"Securities Account” : refers to an account that records the positions of shares
and/or funds owned by Shareholders, administered at KSEI
or by the Account Holder, based on a securities account
opening agreement signed by the Shareholder and
the securities company and/or Custodian Bank.
"Shareholder" : refers to any party whose name is recorded in the
Shareholders Register issued by BAE, and as an owner of a
securities account at KSEI, including Custodian Banks and/or
Securities Companies and/or any other parties approved by
KSEI, in accordance with the laws and regulations in the
Capital Market sector and KSEI regulations.
"Shareholder List" : refers to the list issued by KSEI containing information about
share ownership by shareholders in the Collective Custody at
KSEI based on data provided by the Account Holder to KSEI.
"Shares" : refers to all shares that have been issued and fully paid up in
the Company.
"Trading Days" : refers to the days on which securities trading transactions
occur on the Stock Exchange, i.e., Monday to Friday, except
for national holidays designated by the Government or other
days declared as holidays by the Stock Exchange.
"UUPM" : refers to Law No. 8 of 1995 on Capital Markets, as partially
amended by Law No. 4 of 2023 on Financial Sector
Development and Strengthening.
"UUPT" : refers to Law No. 40 of 2007 on Limited Liability Companies,
as partially amended by Government Regulation in Lieu of
Law No. 2 of 2022 on Job Creation, which was ratified into
law under Law No. 6 of 2023 concerning the Ratification of
the Government Regulation in Lieu of Law No. 2 of 2022 on
Job Creation into Law.
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"UU PPSK" : refers to Law No. 4 of 2023 concerning Financial Sector
Development and Strengthening.
"Working Days" : refers to Monday through Friday, excluding national holidays
designated by the Government or regular workdays declared
holidays by the Government.
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GENERAL
The Company was established under the name PT Multi Garam Utama pursuant to Deed of Limited
Liability Company PT Multi Garam Utama No. 06 dated April 11, 2019, drawn up before Theresa
Tarigan, S.H., M.Kn., Notary in Tangerang Regency, which was approved by the Minister of Law
and Human Rights of the Republic of Indonesia under Decree No. AHU-0019154.AH.01.01.Tahun
2019 dated April 11, 2019, registered in the Company Register No. AHU-0059848.AH.01.01.Tahun
2019 dated April 11, 2019, and announced in the State Gazette of the Republic of Indonesia No.
075 dated September 20, 2022, Supplement No. 032247.
Subsequently, the Company’s Articles of Association as stated in its Deed of Establishment have
been amended several times, the latest of which was stipulated in the Deed of Statement of
Shareholders’ Resolution on Amendment to the Articles of Association of PT Multi Garam Utama
No. 39 dated February 14, 2023, drawn up before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta,
and approved by the Minister of Law and Human Rights of the Republic of Indonesia under Decree
No. AHU-0010641.AH.01.02.Tahun 2023 dated February 15, 2023, as well as duly notified to the
Minister and recorded on February 15, 2023 under No. AHU-AH.01.03-0027159, registered in the
Company Register No. AHU-0033270.AH.01.11.Tahun 2023 dated February 15, 2023, and
announced in the State Gazette of the Republic of Indonesia No. 018 dated March 3, 2023,
Supplement No. 007390, juncto the Deed of Statement of Shareholders’ Resolution on
Amendment to the Articles of Association of PT Multi Garam Utama No. 134 dated March 21, 2023,
drawn up before Jose Dima Satria, S.H., M.Kn., Notary in Jakarta, which was duly notified to the
Minister of Law and Human Rights of the Republic of Indonesia, received and recorded on March
24, 2023 under No. AHU-AH.01.03-0044263, and registered in the Company Register No. AHU-
0058999.AH.01.11.Tahun 2023 dated March 24, 2023.
The Company’s head office is currently located at Prosperity Tower, 17th Floor, Jalan Jenderal
Sudirman Kav. 52–53 No. 5, Senayan, Kebayoran Baru, South Jakarta 12190, Indonesia.
Business Activities of The Company
Pursuant to Article 3 of the Company’s Articles of Association, the purpose and objectives of the
Company’s business activities are to engage in the holding company business (KBLI code 64200)
by providing management services to its subsidiaries and conducting investment activities, either
directly or indirectly.
Through its subsidiaries, the Company conducts business activities in various strategic sectors,
including:
1. Consumer & Retail Brands, through among others PT Amazara Indonesia Mudakarya, PT
Syca Kreasi Indonesia, and PT Drsoap Global Indonesia; and
2. Media and Intellectual Property, through PT Finfolk Media Nusantara and PT Warcorp
Indonesia Sinergi.
The Company functions as a holding and management service provider that integrates media,
retail brands, and intellectual property, focusing on sustainable growth and the development of
local brands with strong potential for national and regional expansion.
Capital Structure and Shareholder Composition of the Company
Based on the Company’s Shareholders Register prepared by the Share Registrar (BAE), the
shareholding structure of the Company as of September 30, 2025, is as follows:
Nominal Value Rp20 per Share
Description
Number of Shares Total Nominal Value (Rp) %
Authorized Capital 13,512,533,200 270,250,664,000
Issued and Paid-Up Capital:
PT Garam Ventura Indonesia 1,782,035,913 35,640,712,260 45.14
PT Sumber Garam Pratama 1,246,180,419 24,923,608,380 31.56
Public (ownership below 5%) 919,925,132 18,398,508,640 23.30
Total Issued and Paid-Up Capital 3,948,141,464 78,962,829,280 100.00
Remaining Shares in Portepel 9,564,391,736 191,287,834,720
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For additional information, the Company does not have any shares repurchased or treasury stock.
Pengurus dan Pengawasan Perseroan
Based on the Deed of Amendment to the Company’s Domicile and the Latest Change in
Management, the composition of the Board of Commissioners and the Board of Directors of the
Company as of the date of this Information Disclosure is as follows:
Board of Commissioners:
President Commissioner : Chandra
Independent Commissioner : Kevin Cahya
Directors:
President Director : Danny Sutradewa
Vice President Director : Andika Sutoro Putra
Director : Mandy
Director : Kathrine Paulina
Summary of Key Financial Data
The key financial data presented below have been prepared based on figures extracted from, and
should be read in conjunction with:
1) The Consolidated Financial Statements of the Company and its Subsidiaries for the year
ended December 31, 2024, which were audited in accordance with the auditing standards
established by the Indonesian Institute of Certified Public Accountants (IAPI) by Public
Accounting Firm Anwar & Rekan, signed by Andri on March 26, 2025, with an Unmodified
(Unqualified) Opinion; and
2) The Unaudited Interim Consolidated Financial Statements for the six-month period ended
June 30, 2025.
Consolidated Statement of Financial Position
(in Rupiah)
Description June 30, 2025 December 31, 2024 June 30, 2024
Total Assets 89,149,874,698 95,004,089,304 89,149,874,698
Total Liabilities 10,472,314,322 10,148,375,831 10,472,314,322
Total Equity 78,677,560,376 84,855,713,473 78,677,560,376
Consolidated Statements of Profit or Loss and Other Comprehensive Income
(in Rupiah)
Description June 30, 2025 December 31, 2024 June 30, 2024
Revenue 10,331,647,780 19,354,230,679 9,803,883,067
Cost of Revenue (4,565,597,575) (10,903,159,742) (5,208,234,212)
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Gross Profit 5,766,050,205 8,451,070,937 4,595,648,855
Profit Before Tax (6,207,597,936) (27,707,677,762) (8,566,771,949)
Loss for the
(6,176,653,097) (25,682,214,114) (8,534,568,716)
period/year
Total Comprehensive
Income for the (6,176,653,097) (25,659,855,414) (8,534,568,716)
Period/Year
REASONS AND OBJECTIVES OF PMTHMETD
The implementation of PMTHMETD is carried out to provide added value for all stakeholders of the
Company, including public shareholders, and to support the business activities of the Company
and/or its subsidiaries. The Company considers it necessary to strengthen its capital structure and
improve its financial position.
In connection with the foregoing, the Company plans to issue up to 394,814,146 (three hundred
ninety-four million eight hundred fourteen thousand one hundred forty-six) shares with a nominal
value of Rp20.00 (twenty Rupiah) per share, representing a maximum of 10% (ten percent) of
the Company’s total issued and paid-up shares as of the date of this Information Disclosure,
through the PMTHMETD to be conducted upon obtaining approval from independent shareholders
at the Extraordinary General Meeting of Shareholders (EGMS). Through this PMTHMETD, the
Company expects to obtain an alternative source of funding to support the business operations
and/or activities of the Company and/or its subsidiaries.
Number and Issue Price of New Shares
PMTHMETD can only be carried out by the Company by obtaining shareholder approval through
an EGMS which will be held by taking into account Article 8A paragraph (2) POJK No. 14/2019
and the procedures and procedures for the GMS as regulated in POJK No. 15/ 2020.
PMTHMETD must be completed within 2 (two) years from the date of the EGMS approving the
corporate action. Furthermore, referring to Article 8C POJK No. 14/2019, the Company can only
increase a maximum of 10% (ten percent) of the number of shares that have been issued and
fully paid or the Company's capital as stated in the Amendment to the Company's Articles of
Association which has been notified and received by the MOLHR at the time of the EGMS
announcement regarding the PMTHMETD.
The Company intends to issue New Shares of the same type as the issued shares in the Company,
thus having the same and equal rights in all respects, including but not limited to receiving
dividends, voting in the GMS and other corporate actions carried out by the Company.
The exercise price of the issuance of New Shares refers to the provisions of Regulation No. I-A,
where the exercise price of the issuance of the company's shares is at least 90% (ninety percent)
of the average closing price of the Company's shares during a period of 25 (twenty-five)
consecutive Exchange Days in the Regular Market before the date of application for listing of
shares resulting from the PMTHMETD.
Plan For the Use of Proceeds of PMTHMETD
Subject to compliance with the prevailing laws and regulations, all proceeds received by the
Company from the implementation of the Private Placement without Pre-Emptive Rights
(PMTHMETD), after deducting related expenses, will be used by the Company for the following
purposes:
a. Business development through investments that are expected to provide added value for
the Company in the future; and
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b. Working capital requirements and general corporate purposes of the Company.
The Company may adjust the use of proceeds in accordance with the actual needs of the Company
and/or its subsidiaries. In the event that any affiliated transaction is carried out by the Company
and/or any conflict of interest transaction arises in relation to the use of proceeds, the Company
will duly observe and comply with OJK Regulation No. 42/POJK.04/2020 concerning Affiliated
Transactions and Conflict of Interest Transactions (“POJK No. 42/2020”).
Furthermore, if the planned use of proceeds from the PMTHMETD constitutes a material
transaction as referred to in OJK Regulation No. 17/POJK.04/2020 concerning Material
Transactions and Changes in Business Activities (“POJK No. 17/2020”), the Company will comply
with all provisions stipulated under POJK No. 17/2020.
Prospective Investors Of PMTHMETD
In connection with the PMTHMETD, the new shares will be issued to one or more investors who
intend to subscribe to the new shares. As of the date of this Information Disclosure, the
prospective investors have not yet been determined, and therefore, their identities cannot yet be
disclosed in this Information Disclosure.
Pursuant to OJK Regulation No. 14/POJK.04/2019, in the event that the PMTHMETD constitutes
an affiliated transaction, the Company is exempted from the requirements applicable to affiliated
transactions as stipulated under OJK Regulation No. 42/POJK.04/2020.
Information regarding the prospective investors, including whether or not there exists any
affiliation relationship between the investors and the Company, will be disclosed to the
shareholders in accordance with the provisions of Article 43A of OJK Regulation No. 14/2019. The
Company will announce the details of the PMTHMETD no later than five (5) business days prior to
its implementation.
Proforma Capital Structure and Shareholders Composition of the Company Before and
After the PMTHMETD Implementation
With reference to the Company's Shareholders Register as of September 30, 2024 from PT
Adimitra Jasa Korpora as the Company's Registrar, the following is the proforma capital and
composition of the Company's Shareholders before and after the PMTHMETD:
Nominal Value Rp20 per Share
Description Before PMTHMETD After PMTHMETD
Total Nominal Total Nominal
Number of Shares % Number of Shares %
Value (Rp) Value (Rp)
Authorized Capital 13,512,533,200 270,250,664,000 13,512,533,200 270,250,664,000
Issued and Paid-Up Capital:
PT Garam Ventura Indonesia 1,782,035,913 35,640,712,260 45.14 1,782,035,913 35,640,712,260 41.03
PT Sumber Garam Pratama 1,246,180,419 24,923,608,380 31.56 1,246,180,419 24,923,608,380 28.69
Public (ownership below 5%) 919,925,132 18,398,508,640 23.30 919,925,432 18,398,508,640 21.18
PMTHMETD – – – 394,814,146 7,896,282,920 9.09*
Total Issued and Paid-up 3,948,141,464 78,962,829,280 100.00 4,342,955,910 86,859,118,200 100.00
Capital 9,564,391,736 191,287,834,720 9,169,577,590 183,391,551,800
*assuming that all new shares issued under the PMTHMETD have been fully subscribed
Schedule for the Implementation of the PMTHMETD
The Private Placement without Pre-Emptive Rights (PMTHMETD) is planned to be completed and
become effective prior to December 12, 2026, as permitted under OJK Regulation No.
14/POJK.04/2019, and will be specifically approved by the Company’s shareholders at the
Extraordinary General Meeting of Shareholders (EGMS). The Company will carry out the
PMTHMETD in accordance with its Articles of Association and all applicable laws and regulations,
including OJK Regulation No. 14/2019 and IDX Regulation No. I-A.
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Pursuant to IDX Regulation No. I-A, the Company will submit an application for the listing of the
additional shares resulting from the PMTHMETD to the Indonesia Stock Exchange (IDX) no later
than six (6) trading days prior to the effective date of the listing of such additional shares.
In accordance with the provisions of OJK Regulation No. 14/2019, the Company will make the
following information disclosures:
a. No later than 5 (five) Working Days before the PMTHMETD execution, the Company will
notify the OJK and publicly announce the PMTHMETD's execution;
b. No later than 2 (two) Working Days after the PMTHMETD execution, the Company will
notify the OJK and publicly announce results of the PMTHMETD, including information on
the parties who subscribed, the number and price of shares issued, the intended use of
funds, and other relevant information.
MANAGEMENT’S DISCUSSION AND ANALYSIS
Analysis of the Impact of the PMTHMETD on the Company’s Financial Condition and
Shareholders
The pro forma consolidated financial projection before and after the implementation of the Private
Placement without PMTHMETD has been prepared based on the following assumptions:
a. The PMTHMETD has been approved by the Company’s shareholders at the Extraordinary
General Meeting of Shareholders (EGMS);
b. The number of new shares to be issued by the Company under the PMTHMETD will be up
to 394,814,146 (three hundred ninety-four million eight hundred fourteen thousand one
hundred forty-six) shares;
c. The total issued and paid-up capital of the Company prior to the PMTHMETD amounts to
3,948,141,464 (three billion nine hundred forty-eight million one hundred forty-one
thousand four hundred sixty-four) shares; and
d. The total issued and fully paid-up capital of the Company after the PMTHMETD will increase
to a maximum of 4,342,955,910 (four billion three hundred forty-two million nine hundred
fifty-five thousand nine hundred ten) shares.
Projected Financial Statement of the Company After the PMTHMETD
Using the Company’s Consolidated Financial Statements as of June 30, 2025 (unaudited), the
projected impact of the PMTHMETD implementation on the Company’s financial position and key
financial ratios is as follows:
Financial Statements
(in Rupiah)
Description Before PMTHMETD After PMTHMETD
Consolidated Statement of Financial Position
Total Assets 89,149,874,698 97,046,157,618
Total Liabilities 10,472,314,322 10,472,314,322
Total Equity 78,677,560,376 86,573,843,296
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Consolidated Statements of Profit or Loss and Comprehensive Income
Revenue 10,331,647,780 10,331,647,780
Cost of Revenue (4,565,597,575) (4,565,597,575)
Gross Profit 5,766,050,205 5,766,050,205
Profit Before Tax (6,207,597,936) (6,207,597,936)
Loss for the period/year (6,176,653,097) (6,176,653,097)
Comprehensive Income for the period (6,176,653,097) (6,176,653,097)
Comprehensive Income for the period
attributable to owners of the parent (5,540,839,858) (5,540,839,858)
entity
After the completion of the PMTHMETD, the Company’s total assets and total equity are expected
to increase by approximately 8.86% and 10.04%, respectively, derived from the proceeds
obtained from the implementation of the PMTHMETD.
Financial Ratio
Description Before PMTHMETD After PMTHMETD
Financial Ratio
Profit for the Period / Assets -6.93% -6.36%
Profit for the Period / Equity -7.85% -7.13%
Liabilities/Assets 11.75% 10.79%
Liabilities/Equity 13.32% 12.10%
Current Cash Ratio 1.86x 2.68x
Risks and Impacts of PMTHEMTD
With the issuance of new shares under PMTHMETD as disclosed in this Information Disclosure, the
Company’s shareholders who do not participate in the PMTHMETD will, in the short term, be
subject to a dilution risk of up to 9.09% (nine-point zero nine percent). Essentially, there will be
no change in the controlling shareholders of the Company following the completion of the
PMTHMETD.
Given the relatively small number of new shares to be issued under the PMTHMETD, the dilution
impact on the existing shareholders will be minimal. The number of shares owned by the
shareholders before and after the issuance of the additional shares will remain unchanged.
In determining the exercise price of the PMTHMETD, the Company will ensure that it obtains an
optimal and beneficial result from the sale of the new shares. In doing so, the Company will always
refer to the minimum pricing provisions stipulated under IDX Regulation No. I-A, while taking into
account the interests of the Company and its minority shareholders, as well as the quality of
investors who will invest their funds in the Company.
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STATEMENT BY THE DIRECTORS AND THE BOARD OF COMMISIONERS
Directors and the Board of Commissioners are responsible for the accuracy of the information in
this Disclosure of Information and declare that all material information and opinions expressed
herein are true, accountable, and complete, and that no material information has been omitted
that would render the information disclosed herein incorrect or misleading.
Directors and the Board of Commissioners are responsible for the accuracy of the information in
this Disclosure of Information and declare that all material information and opinions expressed
herein are true, accountable, and complete, and that no material information has been omitted
that would render the information disclosed herein incorrect or misleading.
The EGMS of the Company, related to the PMTHMETD, will be held on:
Day, Date : Friday, December 12th, 2025
Time : 10.00 am – finish
Place : Jakarta (online through eASY.KSEI)
With details of the agenda of the EGM of Independent Shareholders, attendance quorum and
decision quorum and Shareholderse who are entitled to attend as follows:
Agenda:
1. Approval of the Company’s plan to conduct PMTHMETD, by the Company through issuance
of new shares and;
2. Approval of the change in the composition of the Company’s management.
Quorum of Attendance and Decision-making Quorum:
In accordance with POJK No. 14/2019, if the Company intends to conduct a capital increase
through the issuance of shares and/or equity securities other than shares for reasons other than
improving its financial position, the Company must first obtain approval from the GMS as
stipulated in Article 8A paragraph (2) POJK No. 14/2019, which determines that:
a. The GMS can be convened if attended by more than 1/2 (one-half) of the total shares
with valid voting rights held by the independent shareholders and shareholders who are
not affiliated with the Company, its Directors, its Board of Commissioners, its controlling
Shareholders, or its majority Shareholders.
b. A decision of the GMS as referred to in point a is valid if approved by more than 1/2
(one-half) of the total shares with valid voting rights held by independent shareholders
and shareholders who are not affiliated with the Company, its Directors, its Board of
Commissioners, its controlling Shareholders, or its majority Shareholders.
c. In the event the quorum in point a is not met, a second GMS may be convened if attended
by more than 1/2 (one-half) of the total shares with valid voting rights held by
independent shareholders and shareholders who are not affiliated with the Company, its
Directors, its Board of Commissioners, its controlling Shareholders, or its majority
Shareholders.
d. The second GMS decision is valid if approved by more than 1/2 (one-half) of the total
shares with valid voting rights held by independent shareholders and shareholders who
are not affiliated with the Company, its Directors, its Board of Commissioners, its
controlling Shareholders, or its majority shareholders who are present at the GMS.
e. If the quorum of attendance at the second GMS is not achieved, a third GMS may be
convened, and it will be valid if the GMS is attended by independent shareholders and
shareholders who are not affiliated with the Company, its Directors, its Board of
Commissioners, its controlling Shareholders, or its majority Shareholders, with a quorum
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determined by the Financial Services Authority upon approval of the Company’s
request.
f. The third GMS decision will be valid if approved by independent shareholders and
shareholders who are not affiliated with the Company, its Directors, its Board of
Commissioners, its controlling shareholders, or its majority shareholders, representing
more than 50% (fifty percent) of the shares held by such independent shareholders
and unaffiliated shareholders present at the GMS.
Shareholders eligible to Attend:
In accordance with the provisions of POJK No. 15/2020, shareholders entitled to attend the GMS
are those whose names are registered in the Company’s Shareholders Register 1 (one) Working
Days before the EGMS invitation is issued.
Key Dates and Estimated Timeline:
Notification of EGMS Plan to OJK : Wednesday, October 29th 2025
Notification of EGMS Plan to Company Shareholders : Wednesday, November 5th
through IDX website, eASY.KSEI website, and Company 2025
website
Notification of Disclosure of Information regarding : Wednesday, November 5th
PMTHMETD through IDX website and Company website 2025
Submission of Disclosure to OJK : Wednesday, November 5th
2025
Recording Date of EGMS : Wednesday, November 19th
2025
EGMS Invitation : Thursday, November 20th 2025
EGMS Date : Friday, December 12th 2025
Notification of summary of EGMS resolutions to Company : Tuesday, December 16th 2025
Shareholders through IDX website, eASY.KSEI website, and
Company website
Submission of EGMS resolutions to OJK and IDX : Tuesday, December 16th 2025
13
Page 14
ADDITIONAL INFORMATION
To obtain further information on the above matters, Shareholders may contact the Company on
Working Days and hours through the address and contact below:
PT MULTI GARAM UTAMA TBK
U.P.: Corporate Secretary
Head Office:
Prosperity Tower, 17th Floor
Jl. Jend. Sudirman Kav. 52–53 No. 5, Senayan, Kebayoran Baru,
South Jakarta 12190, DKI Jakarta Province, Indonesia
Telp. (021) 50123124
Email: corporatesecretary@folkgroup.co
Website: https://www.folkgroup.co
Jakarta, November 05, 2025
PT Multi Garam Utama Tbk
Regards,
Directors PT Multi Garam Utama Tbk
14
Names mentioned 23 people and organisations named in the text · linked when the evidence is strong
unresolved
org
FINANCIAL SERVICES AUTHORITY
p.1 ×6
unresolved
org
PT Adimitra Jasa Korpora
p.3 ×2
unresolved
org
Government of the Republic of Indonesia
p.3 ×2
unresolved
org
Indonesia Stock Exchange
p.3 ×3
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.3
unresolved
org
Ministry of Law and Human Rights
p.3
unresolved
person
Theresa Tarigan
· Notaris
p.6
unresolved
org
Minister of Law and Human Rights
p.6 ×3
unresolved
person
Jose Dima Satria
· Notaris
p.6 ×3
unresolved
org
PT Amazara Indonesia Mudakarya
p.6
unresolved
org
PT Syca Kreasi Indonesia
p.6
unresolved
org
PT Drsoap Global Indonesia
p.6
unresolved
org
PT Finfolk Media Nusantara
p.6
unresolved
org
PT Warcorp Indonesia Sinergi.
p.6
unresolved
org
Public Accounting Firm Anwar & Rekan
p.7
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