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PENGUMUMAN
Ringkasan Risalah
Rapat Umum Pemegang Saham Tahunan dan
Rapat Umum Pemegang Saham Luar Biasa
Tanggal 25 Maret 2025
PT SMARTFREN TELECOM Tbk (“Perseroan”)
Direksi Perseroan dengan ini mengumumkan kepada pemegang saham Perseroan bahwa
Perseroan telah menyelenggarakan Rapat Umum Pemegang Saham Tahunan (“RUPS Tahunan”)
dan Rapat Umum Pemegang Saham Luar Biasa (“RUPS Luar Biasa”) (selanjutnya RUPS
Tahunan dan RUPS Luar Biasa secara bersama-sama akan disebut sebagai “Rapat”) pada hari
Selasa, tanggal 25 Maret 2025, bertempat di kantor Perseroan Lantai 3, Ruang Auditorium, Jalan
Haji Agus Salim No.45, Jakarta Pusat 10340. RUPS Tahunan dibuka pada pukul 09.29 WIB dan
ditutup pada pukul 11.04 WIB, sedangkan RUPS Luar Biasa dibuka pada pukul 11.13 WIB dan
ditutup pada pukul 12.46 WIB.
A. RUPS Tahunan
Mata acara RUPS Tahunan adalah sebagai berikut:
1. Persetujuan dan pengesahan Laporan Direksi Perseroan mengenai jalannya kegiatan usaha
Perseroan dan tata usaha keuangan Perseroan untuk Tahun Buku yang berakhir pada
tanggal 31 Desember 2024, serta persetujuan dan pengesahan Laporan Keuangan
Perseroan, termasuk Neraca dan Perhitungan Laba/Rugi Perseroan untuk Tahun Buku yang
berakhir pada tanggal 31 Desember 2024, persetujuan Laporan Tahunan dan Laporan Tugas
Pengawasan Dewan Komisaris Perseroan, serta memberikan pembebasan dan pelunasan
tanggung jawab sepenuhnya (acquit et de charge) kepada seluruh anggota Dewan Komisaris
dan anggota Direksi Perseroan untuk tindakan pengawasan dan pengurusan yang telah
dilakukan dalam tahun buku yang berakhir pada tanggal 31 Desember 2024 tersebut.
2. Penetapan penggunaan Laba Rugi Perseroan untuk tahun buku yang berakhir pada tanggal
31 Desember 2024.
3. Pemberian wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik
yang akan melakukan audit atas laporan keuangan Perseroan untuk tahun buku yang akan
berakhir pada tanggal 31 Desember 2025, menetapkan jumlah honorarium dan menyetujui
persyaratan lain terkait penunjukan akuntan publik tersebut, dalam hal rencana
penggabungan usaha belum tuntas hingga tanggal 31 Desember 2025.
4. Persetujuan penetapan gaji dan tunjangan lainnya bagi anggota Direksi Perseroan, serta
honorarium dan tunjangan lainnya bagi anggota Dewan Komisaris Perseroan untuk tahun
buku 2025, dalam hal rencana penggabungan usaha belum tuntas hingga tanggal
31 Desember 2025.
5. Laporan pertanggungjawaban realisasi penggunaan dana hasil pelaksanaan Waran Seri III
Perseroan sampai dengan tanggal 31 Desember 2024 dan pemberian delegasi kepada
Direksi Perseroan untuk menyampaikan laporan realisasi penggunaan dana hasil
pelaksanaan Waran Seri III Perseroan sampai dengan tanggal efektif rencana penggabungan
usaha sesuai dengan ketentuan peraturan perundang-undangan yang berlaku.
RUPS Tahunan dihadiri oleh anggota Dewan Komisaris dan anggota Direksi Perseroan berikut ini:
Anggota Dewan Komisaris Perseroan:
1. Bapak DR. Darmin Nasution, S.E., selaku Presiden Komisaris Perseroan;
2. Bapak Ferry Salman, selaku Wakil Presiden Komisaris Perseroan; dan
3. Bapak Ir. Ketut Sanjaya, MSM., selaku Komisaris Independen Perseroan.
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Anggota Direksi Perseroan:
1. Bapak Merza Fachys, selaku Presiden Direktur Perseroan;
2. Bapak Andrijanto Muljono, selaku Direktur Perseroan;
3. Bapak Antony Susilo,selaku Direktur Perseroan;
4. Bapak Marco Paul Iwan Sumampouw, selaku Direktur Perseroan; dan
5. Bapak Shurish Subbramaniam, selaku Direktur Perseroan.
RUPS Tahunan dihadiri oleh Pemegang Saham dan/atau Kuasa Pemegang Saham yang mewakili
411.602.006.937 saham atau 86,34% dari total sebanyak 476.704.137.792 saham yang telah
dikeluarkan Perseroan.
Sewaktu membicarakan Mata Acara RUPS Tahunan, para Pemegang Saham dan/atau Kuasa
Pemegang Saham diberi kesempatan untuk mengajukan pertanyaan, pendapat, usul atau saran
yang berhubungan dengan Mata Acara RUPS Tahunan yang dibicarakan sebelum diadakan
pemungutan suara mengenai hal yang bersangkutan. Mekanisme pengambilan keputusan RUPS
Tahunan untuk masing-masing Mata Acara RUPS Tahunan dilakukan secara lisan dan secara
elektronik dengan meminta kepada Pemegang Saham dan/atau Kuasa Pemegang Saham yang
hadir secara fisik untuk mengangkat tangan bagi yang memberikan suara tidak setuju dan abstain,
sedangkan yang memberikan suara setuju tidak diminta mengangkat tangan. Bagi para Pemegang
Saham yang hadir secara virtual memberikan voting melalui sistem e-ASY.KSEI. Suara abstain
dianggap mengeluarkan suara yang sama dengan suara mayoritas Pemegang Saham yang
memberikan suara dalam RUPS Tahunan ini.
Hasil Pemungutan Suara
No. Mata
Pertanyaan Total Setuju
Acara Setuju Tidak Setuju Abstain
(Setuju + Abstain)
411.462.225.784
1 2 411.233.588.775 139.781.153 228.637.009
(99,9660%)
411.488.714.137
2 Tidak ada 411.260.077.128 113.292.800 228.637.009
(99,9725%)
411.465.860.837
3 Tidak ada 411.238.823.828 136.146.100 227.037.009
(99,9669%)
411.462.215.684
4 Tidak ada 411.233.578.775 139.791.253 228.636.909
(99,9660%)
411.488.714.037
5 Tidak ada 411.260.077.128 113.292.900 228.636.909
(99,9725%)
Berikut ini adalah keputusan-keputusan dalam RUPS Tahunan:
1. Mata Acara Pertama. Dengan suara terbanyak RUPS Tahunan memutuskan:
Menyetujui dan mengesahkan Laporan Direksi Perseroan mengenai jalannya kegiatan usaha
Perseroan dan tata usaha keuangan Perseroan untuk Tahun Buku yang berakhir pada
tanggal 31 Desember 2024, serta persetujuan dan pengesahan Laporan Keuangan
Perseroan, termasuk Neraca dan Perhitungan Laba/Rugi Perseroan untuk Tahun Buku yang
berakhir pada tanggal 31 Desember 2024, persetujuan Laporan Tahunan dan Laporan Tugas
Pengawasan Dewan Komisaris Perseroan, serta memberikan pembebasan dan pelunasan
tanggung jawab sepenuhnya (acquit et de charge) kepada seluruh anggota Dewan Komisaris
dan anggota Direksi Perseroan untuk tindakan pengawasan dan pengurusan yang telah
dilakukan dalam tahun buku yang berakhir pada tanggal 31 Desember 2024 tersebut.
2. Mata Acara Kedua. Dengan suara terbanyak RUPS Tahunan memutuskan:
Menyetujui dan mengesahkan penggunaan Laba Rugi Perseroan untuk tahun buku yang
berakhir pada tanggal 31 Desember 2024.
3. Mata Acara Ketiga. Dengan suara terbanyak RUPS Tahunan memutuskan:
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i. Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan
Publik yang akan melakukan audit atas laporan keuangan Perseroan untuk tahun buku
yang akan berakhir pada tanggal 31 Desember 2025, dalam hal rencana penggabungan
usaha belum tuntas hingga tanggal 31 Desember 2025; dan
ii. Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan
honorarium dan persyaratan lain terkait penunjukan akuntan publik tersebut, dalam hal
rencana penggabungan usaha belum tuntas hingga tanggal 31 Desember 2025.
4. Mata Acara Keempat. Dengan suara terbanyak RUPS Tahunan memutuskan:
i. Memberikan wewenang kepada Dewan Komisaris Perseroan untuk menetapkan gaji dan
tunjangan bagi anggota Direksi Perseroan berdasarkan rekomendasi dari Komite
Nominasi dan Remunerasi Perseroan untuk tahun buku 2025 dalam hal rencana
penggabungan usaha belum tuntas hingga tanggal 31 Desember 2025, tunduk pada
efektifnya rencana penggabungan usaha, yang akan berlaku efektif yaitu tentatif pada
tanggal 16 April 2025 atau tanggal lain sesuai dengan ketentuan peraturan perundang-
undangan yang berlaku.
ii. Menetapkan besarnya honorarium bagi seluruh anggota Dewan Komisaris Perseroan
untuk tahun buku 2025, dengan kenaikan maksimum adalah sebesar 6% (enam persen)
dari honorarium bulanan yang diterima pada tahun buku 2024 dengan memperhatikan
ketentuan peraturan perundang-undangan yang berlaku di bidang ketenagakerjaan dan
perpajakan, tunduk pada efektifnya rencana penggabungan usaha, yang akan berlaku
efektif yaitu tentatif pada tanggal 16 April 2025 atau tanggal lain sesuai dengan ketentuan
peraturan perundang-undangan yang berlaku.
5. Mata Acara Kelima. Dengan suara terbanyak RUPS Tahunan memutuskan:
Menerima baik dan menyetujui Laporan pertanggungjawaban realisasi penggunaan dana
hasil pelaksanaan Waran Seri III Perseroan sampai dengan tanggal 31 Desember 2024 dan
laporan realisasi penggunaan dana hasil pelaksanaan Waran Seri III Perseroan dari tanggal
1 Januari 2025 sampai dengan tanggal efektif rencana penggabungan usaha sesuai dengan
ketentuan peraturan perundang-undangan yang berlaku.
B. RUPS Luar Biasa
Mata acara RUPS Luar Biasa adalah sebagai berikut:
1. Persetujuan tentang rencana penggabungan usaha antara PT XL Axiata Tbk (“XL”),
Perseroan, dan PT Smart Telecom (“ST”) sebagaimana tertuang dalam Rencana
Penggabungan Usaha tertanggal 11 Desember 2024 yang disusun Bersama-sama oleh
Direksi dan telah disetujui oleh Dewan Komisaris, dari masing-masing dari XL, Perseroan dan
ST (“Rancangan Penggabungan Usaha”).
2. Dalam hal Agenda Pertama telah mendapat persetujuan RUPSLB, persetujuan untuk
menandatangani dan melaksanakan akta penggabungan usaha yang akan dibuat bersama-
sama oleh XL, Perseroan dan ST.
3. Dalam hal Agenda Pertama telah mendapat persetujuan RUPSLB, persetujuan untuk
menunjuk XL, dan/atau entitas lain sebagaimana diungkapkan di dalam Rancangan
Penggabungan Usaha, sebagai entitas yang akan melakukan pembelian kembali saham-
saham Perseroan dari pemegang saham Perseroan yang telah menyatakan untuk tidak
menyetujui rencana penggabungan usaha dan secara tegas meminta Perseroan melalui
pihak-pihak yang telah ditunjuk tersebut untuk melakukan pembelian kembali saham-saham
milik pemegang saham terkait dengan memperhatikan syarat dan ketentuan sebagaimana
tertuang dalam Rancangan Penggabungan Usaha dan peraturan perundang-undangan yang
berlaku.
Page 4
RUPS Luar Biasa dihadiri oleh anggota Dewan Komisaris dan anggota Direksi Perseroan berikut
ini:
Anggota Dewan Komisaris Perseroan:
1. Bapak DR. Darmin Nasution, S.E., selaku Presiden Komisaris Perseroan;
2. Bapak Ferry Salman, selaku Wakil Presiden Komisaris Perseroan; dan
3. Bapak Ir. Ketut Sanjaya, MSM., selaku Komisaris Independen Perseroan.
Anggota Direksi Perseroan:
1. Bapak Merza Fachys, selaku Presiden Direktur Perseroan;
2. Bapak Andrijanto Muljono, selaku Direktur Perseroan;
3. Bapak Antony Susilo,selaku Direktur Perseroan;
4. Bapak Marco Paul Iwan Sumampouw, selaku Direktur Perseroan; dan
5. Bapak Shurish Subbramaniam, selaku Direktur Perseroan.
RUPS Luar Biasa dihadiri oleh Pemegang Saham dan/atau Kuasa Pemegang Saham yang
mewakili 424.249.872.953 saham atau 89,00% dari total sebanyak 476.704.137.792 saham yang
telah dikeluarkan Perseroan.
Sewaktu membicarakan Mata Acara RUPS Luar Biasa, para Pemegang Saham dan/atau Kuasa
Pemegang Saham diberi kesempatan untuk mengajukan pertanyaan, pendapat, usul atau saran
yang berhubungan dengan Mata Acara RUPS Luar Biasa yang dibicarakan sebelum diadakan
pemungutan suara mengenai hal yang bersangkutan. Mekanisme pengambilan keputusan RUPS
Luar Biasa untuk masing-masing Mata Acara RUPS Luar Biasa dilakukan secara lisan dan secara
elektronik dengan meminta kepada Pemegang Saham dan/atau Kuasa Pemegang Saham yang
hadir secara fisik untuk mengangkat tangan bagi yang memberikan suara tidak setuju dan abstain,
sedangkan yang memberikan suara setuju tidak diminta mengangkat tangan. Bagi para Pemegang
Saham yang hadir secara virtual memberikan voting melalui sistem e-ASY.KSEI. Suara abstain
dianggap mengeluarkan suara yang sama dengan suara mayoritas Pemegang Saham yang
memberikan suara dalam RUPS Luar Biasa ini.
Hasil Pemungutan Suara
No. Mata *)
Pertanyaan Total Setuju
Acara Setuju Tidak Setuju Abstain
(Setuju + Abstain)
414.262.925.482
1 414.035.388.445 9.986.947.471 227.537.037
(97,6460%)
414.265.112.882
2 12 414.036.988.445 9.984.760.071 228.124.437
(97,6465%)
416.645.257.226
3 416.417.720.289 7.604.615.727 227.536.937
(98,2075%)
*) Pembahasan Mata Acara 1, 2 dan 3 dilakukan bersamaan, begitu pula dengan sesi tanya jawab.
Berikut ini adalah keputusan-keputusan dalam RUPS Luar Biasa:
1. Mata Acara Pertama. Dengan suara terbanyak RUPS Luar Biasa memutuskan:
Menyetujui rencana penggabungan usaha antara PT XL Axiata Tbk (“XL”), Perseroan, dan
PT Smart Telecom (“ST”) sebagaimana tertuang dalam Rancangan Penggabungan Usaha
tertanggal 11 Desember 2024 yang terakhir diperbarui pada tanggal 21 Maret 2025 yang
disusun bersama-sama oleh Direksi dan telah disetujui oleh Dewan Komisaris, dari masing-
masing XL, Perseroan dan ST (“Rancangan Penggabungan Usaha”).
2. Mata Acara Kedua. Dengan suara terbanyak RUPS Luar Biasa memutuskan:
Menyetujui untuk menandatangani dan melaksanakan akta penggabungan usaha yang akan
dibuat bersama-sama oleh XL, Perseroan dan ST.
Page 5
3. Mata Acara Ketiga. Dengan suara terbanyak RUPS Luar Biasa memutuskan:
Menyetujui untuk menunjuk XL, Axiata Investments (Indonesia) Sdn. Bhd. dan/atau PT Bali
Media Telekomunikasi sebagai entitas yang akan melakukan pembelian kembali saham-
saham Perseroan dari pemegang saham Perseroan yang telah menyatakan untuk tidak
menyetujui rencana penggabungan usaha dan secara tegas meminta Perseroan melalui
pihak-pihak yang telah ditunjuk tersebut untuk melakukan pembelian kembali saham-saham
milik pemegang saham terkait dengan memperhatikan syarat dan ketentuan sebagaimana
tertuang dalam Rancangan Penggabungan Usaha dan peraturan perundang-undangan yang
berlaku.
4. Memberikan kuasa dan wewenang kepada Direksi Perseroan baik sendiri-sendiri maupun
bersama-sama, dengan hak substitusi, untuk melaksanakan keputusan untuk seluruh agenda
Rapat dalam akta notaris, membuat atau meminta dibuatkan segala akta-akta, surat-surat
maupun dokumen-dokumen yang diperlukan, hadir dihadapan pihak/pejabat yang berwenang
untuk memperoleh persetujuan dari dan/atau memberitahukan hal tersebut kepada, instansi
pemerintah terkait, termasuk tetapi tidak terbatas pada Menteri Hukum Republik Indonesia,
serta melakukan pendaftaran maupun pengumuman berdasarkan peraturan perundang-
undangan yang berlaku, satu dan lain hal tanpa ada yang dikecualikan.
Jakarta, 26 Maret 2025
Direksi
PT Smartfren Telecom Tbk
Page 6
UNOFFICIAL
TRANSLATION
ANNOUNCEMENT
Summary of Minutes from
Annual General Meeting of Shareholders and
Extraordinary General Meeting of Shareholders
25th of March 2025
PT SMARTFREN TELECOM Tbk (the “Company”)
The Company’s Directors herewith announced to its shareholders that the Company has convened
the Annual General Meeting of Shareholders (“Annual GMS”) and Extraordinary General Meeting
of Shareholders (“Extraordinary GMS”) (hereinafter Annual GMS and Extraordinary GMS
together shall be referred to as “GMS”), on Tuesday, 25th of March 2025, at the Company’s head
office, 3rd Floor Auditorium, Jl. Haji Agus Salim No. 45, Central Jakarta 10340. Annual GMS was
opened at 09.29 Western Indonesian Time and ended at 11.04 Western Indonesian
Time, while Extraordinary GMS was opened at 11.13 Western Indonesian Time and ended at
12.46 Western Indonesian Time.
A. Annual GMS
The Annual GMS Agenda are as follows:
1. Approval and ratification of the Company's Board of Directors' Report regarding the
Company's business activities and the Company's financial administration for the Financial
Year ending December 31, 2024, as well as approval and ratification of the Company's
Financial Report, including the Company's Balance Sheet and Profit/Loss Calculation for the
Financial Year ending December 31, 2024, approval of the Annual Report and Supervisory
Duties Report of the Company's Board of Commissioners, as well as granting full release and
discharge of responsibility (Acquit et de Charge) to all members of the Company's Board of
Commissioners and Board of Directors for supervisory and management actions that have
been carried out in the financial year ending on December 31, 2024.
2. Determination of the use of the Company's Profit Loss for the financial year ending December
31, 2024.
3. Granting of the authority to the Company’s Board of Commissioners to appoint the Public
Accountant who will carry out an audit of the Company’s books for the financial year ending
December 31, 2025, to determine the amount of honorarium and to approve other
requirements related to such appointment for the public accountant, in the event that the
merger plan has not concluded by December 31, 2025.
4. Approval of determining salaries and other allowances for members of the Company's Board
of Directors, as well as honorarium and other allowances for members of the Company's
Board of Commissioners for the 2024 financial year, in the event that the merger plan has not
concluded by December 31, 2025.
5. Approval of the accountability report for the realization of the use of proceeds from the
exercise of the Company’s Series III Warrants until December 31, 2024 and to delegate the
Company’s Board of Directors to report the realization of the use of proceeds from the
exercise of the Company’s Series III Warrants up until the effective date of merger in
accordance with the prevailing laws and regulation.
Annual GMS was attended by the following members of the Board of Commissioners and the
Directors of the Company:
The Company’s Board of Commissioners:
1. Mr. DR. Darmin Nasution, S.E., as the Company’s President Commissioner;
2. Mr. Ferry Salman, as the Company’s Vice President Commissioner; and
Page 7
3. Mr. Ir. Ketut Sanjaya, MSM., as the Company’s Independent Commissioner.
The Company’s Board of Directors:
1. Mr. Merza Fachys, as the Company’s President Director;
2. Mr. Andrijanto Muljono, as the Company’s Director;
3. Mr. Antony Susilo, as the Company’s Director;
4. Mr. Marco Paul Iwan Sumampouw, as the Company’s Director; and
5. Mr. Shurish Subbramaniam, as the Company’s Director.
Annual GMS was attended by the Shareholders and/or its Proxies representing 411,602,006,937
shares or 86.34% of total 476,704,137,792 shares issued by the Company
During the discussion of the Annual GMS Agenda, the Shareholders and/or its Proxies were given
the chance to raise question, opinions, suggestion or advice relating to the Annual GMS Agenda
in discussion, before voting for agenda is cast. The mechanism of voting in Annual GMS for
each Annual GMS Agenda was done verbally and electronically by requiring the Shareholders
and/or its Proxies who attend the A n n u a l GMS physically to raise their hands should they vote
against the decision or abstained from voting, while those who voted for the decision was not
required to raise their hands. Shareholders who attend the Annual GMS virtually cast their votes
through e-ASY.KSEI system. Abstain vote is considered to concur with the majority of the votes by
the Shareholders.
Vote Result
Agenda Question(s) Total Approval
Voted for Voted against Abstain
(Voted for + Abstain)
411,462,225,784
1 2 411,233,588,775 139,781,153 228,637,009
(99.9660%)
411,488,714,137
2 None 411,260,077,128 113,292,800 228,637,009
(99.9725%)
411,465,860,837
3 None 411,238,823,828 136,146,100 227,037,009
(99.9669%)
411,462,215,684
4 None 411,233,578,775 139,791,253 228,636,909
(99.9660%)
411,488,714,037
5 None 411,260,077,128 113,292,900 228,636,909
(99.9725%)
Result of Annual GMS:
1. First Agenda. Annual GMS with majority vote decided:
Approved and ratified the Company's Board of Directors' Report regarding the Company's
business activities and the Company's financial administration for the Financial Year ending
December 31, 2024, as well as approved and ratified the Company's Financial Report,
including the Company's Balance Sheet and Profit/Loss Calculation for the Financial Year
ending December 31, 2024, approved of the Annual Report and Supervisory Duties Report of
the Company's Board of Commissioners, as well as granting full release and discharge of
responsibility (acquit et de charge) to all members of the Company's Board of Commissioners
and Board of Directors for supervisory and management actions that have been carried out in
the financial year ending on December 31, 2024.
2. Second Agenda. Annual GMS with majority vote decided:
Approved the determination of the use of the Company's Profit Loss for the financial year
ending December 31, 2024.
3. Third Agenda. Annual GMS with majority vote decided:
i. Approved to grant the authority to the Company’s Board of Commissioners to appoint the
Public Accountant who will carry out an audit of the Company’s books for the financial year
Page 8
ending December 31, 2025, in the event that the merger plan has not concluded by
December 31, 2025; and
ii. Approved to grant the authority to the Company’s Board of Commissioners to determine
the amount of honorarium and to approve other requirements related to such appointment
for the public accountant, in the event that the merger plan has not concluded by
December 31, 2025.
4. Fourth Agenda. Annual GMS with majority vote decided:
i. Approved to grant the authority to the Company’s Board of Commissioners to determine
the salary and allowances for the member of the Company’s Board of Directors based on
the recommendation from the Company’s Nomination and Remuneration Committee for
the financial year of 2025, in the event that the merger plan has not concluded by
December 31, 2025, adhering to the effectivity of the merger plan, which will be effective
tentatively on April 16, 2025 or other dates in accordance with the prevailing laws and
regulations.
ii. Determined that the honorarium for all the members of the Company’s Board of
Commissioner for financial year 2025, with maximum increase of 6% (six per cent) from
the monthly honorarium received in financial year 2024 by taking into account the
applicable provisions of law and regulation of manpower and taxation, adhering to the
effectivity of the merger plan, which will be effective tentatively on April 16, 2025 or other
dates in accordance with the prevailing laws and regulations.
5. Fifth Agenda. Annual GMS with majority vote decided:
Accepted and approved the accountability report of the realization of the use of proceed from
the exercise of the Company’s Series III Warrant up until December 31, 2024 and report of
realization of the use of proceed from the exercise of the Company’s Series III Warrant from
January 1, 2025 up until the effective date of the merger plan in accordance with the prevailing
laws and regulations.
B. Extraordinary GMS
The Extraordinary GMS Agenda are as follows:
1. Approval of merger plan between PT XL Axiata Tbk (“XL”), the Company, and PT Smart
Telecom (“ST”) as stated in the Merger Plan dated 11th of December, 2024 (including all the
amendments) which was co-arranged by the Directors and subsequently approved by the
Board of Commissioners, of each XL, the Company, and ST (“Merger Plan”).
2. Under the condition that the First Agenda has been approved by the EGMS, approval to sign
and execute the deed of merger which will be co-arranged by XL, the Company and ST.
3. Under the condition that the First Agenda has been approved by the EGMS, approval to
appoint XL, and/or other entities as stated in the Merger Plan, as the entity that shall conduct
the buyback of the Company’s shares from the Company’s shareholders who have stated
disapproval of the merger plan and have firmly requested the Company through the appointed
entities to buyback the shares that they own, subject to the terms and conditions as stated in
the Merger Plan and the prevailing regulations of laws.
Extraordinary GMS was attended by the following members of the Board of Commissioners and
the Directors of the Company:
The Company’s Board of Commissioners:
1. Mr. DR. Darmin Nasution, S.E., as the Company’s President Commissioner;
2. Mr. Ferry Salman, as the Company’s Vice President Commissioner; and
3. Mr. Ir. Ketut Sanjaya, MSM., as the Company’s Independent Commissioner.
Page 9
The Company’s Board of Directors:
1. Mr. Merza Fachys, as the Company’s President Director;
2. Mr. Andrijanto Muljono, as the Company’s Director;
3. Mr. Antony Susilo, as the Company’s Director;
4. Mr. Marco Paul Iwan Sumampouw, as the Company’s Director; and
5. Mr. Shurish Subbramaniam, as the Company’s Director.
Extraordinary GMS was attended by the Shareholders and/or its Proxies representing
424.249.872.953 shares or 89.00% of total 476,704,137,792 shares issued by the Company
During the discussion of the Extraordinary GMS Agenda, the Shareholders and/or its Proxies were
given the chance to raise question, opinions, suggestion or advice relating to the Extraordinary
GMS Agenda in discussion, before voting for agenda is cast. The mechanism of voting in
Extraordinary GMS for each Extraordinary GMS Agenda was done verbally and
electronically by requiring the Shareholders and/or its Proxies who attend the E x t r a o r d i n a r y
GMS physically to raise their hands should they vote against the decision or abstained from voting,
while those who voted for the decision was not required to raise their hands. Shareholders who
attend the Extraordinary GMS virtually cast their votes through e-ASY.KSEI system. Abstain
vote is considered to concur with the majority of the votes by the Shareholders.
Vote Result
*)
Agenda Question(s) Total Approval
Voted for Voted against Abstain
(Voted for + Abstain)
414,262,925,482
1 414,035,388,445 9,986,947,471 227,537,037
(97.6460%)
414,265,112,882
2 12 414,036,988,445 9,984,760,071 228,124,437
(97.6465%)
416,645,257,226
3 416,417,720,289 7,604,615,727 227,536,937
(98.2075%)
*) The discussion of Agenda 1, 2 and 3 was done together for the three agenda, and likewise for the question and answer session.
Result of Extraordinary GMS:
1. First Agenda. Extraordinary GMS with majority vote decided:
Approved the merger plan between PT XL Axiata Tbk (“XL”), the Company, and PT Smart
Telecom (“ST”) as stated in the Merger Plan dated 11th of December, 2024 and lastly renewed
on 21st of March, 2025, which was co-arranged by the Directors and subsequently approved
by the Board of Commissioners, of each XL, the Company, and ST (“Merger Plan”)
2. Second Agenda. Extraordinary GMS with majority vote decided:
Approved to sign and execute the deed of merger which will be co-arranged by XL, the
Company and ST.
3. Third Agenda. Extraordinary GMS with majority vote decided:
Approved to appoint XL, Axiata Investments (Indonesia) Sdn. Bhd. and/or PT Bali Media
Telekomunikasi as the entities that shall conduct the buyback of the Company’s shares from
the Company’s shareholders who have stated disapproval of the merger plan and have firmly
requested the Company through the appointed entities to buyback the shares that they own,
subject to the terms and conditions as stated in the Merger Plan and the prevailing regulations
of laws
4. Granted the power and authority with substitution right to the Company’s Board of Directors,
either alone or together, to execute the decision for all the agenda of the GMS in notarized
deed, to make or to request to be made all the deeds, letters or documents required, to be
present in front of the authorized party/officer to obtain approval from and/or to report the
Page 10
matter to the related government agency, including but not limited to the Minister of Law of the
Republic of Indonesia, and to administer or to make announcement based on the prevailing
laws and regulations, one and other things without exception.
Jakarta, 26th of March 2025
Board of Directors
PT Smartfren Telecom Tbk
RUPS extracted from this filing
| Emiten | |
| Type | RUPS Luar Biasa |
| Held | 25 Mar 2025 · 09:29– |
| Present | 411,602,006,937 (86.34%) |
| Chair | — |
Agenda 1
approved
For
411,233,588,775
—
Against
139,781,153
—
Abstain
228,637,009
—
Agenda 2
approved
For
411,260,077,128
—
Against
113,292,800
—
Abstain
228,637,009
—
Agenda 3
approved
For
411,238,823,828
—
Against
136,146,100
—
Abstain
227,037,009
—
Agenda 4
approved
For
411,233,578,775
—
Against
139,791,253
—
Abstain
228,636,909
—
Agenda 5
approved
For
411,260,077,128
—
Against
113,292,900
—
Abstain
228,636,909
—
Agenda 6
approved
For
414,035,388,445
—
Against
9,986,947,471
—
Abstain
227,537,037
—
Agenda 7
approved
For
414,036,988,445
—
Against
9,984,760,071
—
Abstain
228,124,437
—
Agenda 8
approved
For
416,417,720,289
—
Against
7,604,615,727
—
Abstain
227,536,937
—
Names mentioned 15 people and organisations named in the text · linked when the evidence is strong
unresolved
person
Ferry Salman
p.1 ×4
unresolved
person
Marco Paul Iwan Sumampouw
· Direktur
p.2 ×5
unresolved
org
Menteri Hukum Republik Indonesia
p.5
unresolved
org
Minister of Law
p.10
Extraction attempts how the parser did, and what it refused
Rule parser
OK
confidence 0.889
723 ms
12 Sep 2026 22:52
Raw output
{'agenda': [{'approved': True,
'pct_in_favor_total': '99.9660',
'resolution_items': [],
'resolution_text': '',
'seq': 1,
'votes_abstain': '228637009',
'votes_against': '139781153',
'votes_for': '411233588775',
'votes_in_favor_total': '411488714137'},
{'approved': True,
'pct_in_favor_total': '99.9725',
'resolution_items': [],
'resolution_text': '',
'seq': 2,
'votes_abstain': '228637009',
'votes_against': '113292800',
'votes_for': '411260077128',
'votes_in_favor_total': '411465860837'},
{'approved': True,
'pct_in_favor_total': '99.9669',
'resolution_items': [],
'resolution_text': 'Rapat dalam akta notaris, membuat atau '
'meminta dibuatkan segala akta-akta, '
'surat-surat maupun dokumen-dokumen yang '
'diperlukan, hadir dihadapan pihak/pejabat '
'yang berwenang untuk memperoleh persetujuan '
'dari dan/atau memberitahukan hal tersebut '
'kepada, instansi pemerintah terkait, termasuk '
'tetapi tidak terbatas pada Menteri Hukum '
'Republik Indonesia, serta melakukan '
'pendaftaran maupun pengumuman berdasarkan '
'peraturan perundang- undangan yang berlaku, '
'satu dan lain hal tanpa ada yang '
'dikecualikan. Jakarta, 26 Maret 2025 Direksi '
'PT Smartfren Telecom Tbk UNOFFICIAL '
'TRANSLATION ANNOUNCEMENT Summary of Minutes '
'from Annual General Meeting of Shareholders '
'and Extraordinary General Meeting of '
'Shareholders th 25 of March 2025 PT SMARTFREN '
'TELECOM Tbk (the “Company”) The Company’s '
'Directors herewith announced to its '
'shareholders that the Company has convened '
'the Annual General Meeting of Shareholders '
'(“Annual GMS”) and Extraordinary General '
'Meeting of Shareholders (“Extraordinary GMS”) '
'(hereinafter Annual GMS and Extraordinary GMS '
'th together shall be referred to as “GMS”), '
'on Tuesday, 25 of March 2025, at the '
'Company’s head office, 3rd Floor Auditorium, '
'Jl. Haji Agus Salim No. 45, Central Jakarta '
'10340. Annual GMS was opened at 09.29 Western '
'Indonesian Time and ended at 11.04 Western '
'Indonesian Time, while Extraordinary GMS was '
'opened at 11.13 Western Indonesian Time and '
'ended at 12.46 Western Indonesian Time. A. '
'Annual GMS The Annual GMS Agenda are as '
'follows: 1. Approval and ratification of the '
"Company's Board of Directors' Report "
"regarding the Company's business activities "
"and the Company's financial administration "
'for the Financial Year ending December 31, '
'2024, as well as approval and ratification of '
"the Company's Financial Report, including the "
"Company's Balance Sheet and Profit/Loss "
'Calculation for the Financial Year ending '
'December 31, 2024, approval of the Annual '
'Report and Supervisory Duties Report of the '
"Company's Board of Commissioners, as well as "
'granting full release and discharge of '
'responsibility (Acquit et de Charge) to all '
"members of the Company's Board of "
'Commissioners and Board of Directors for '
'supervisory and management actions that have '
'been carried out in the financial year ending '
'on December 31, 2024. 2. Determination of the '
"use of the Company's Profit Loss for the "
'financial year ending December 31, 2024. 3. '
'Granting of the authority to the Company’s '
'Board of Commissioners to appoint the Public '
'Accountant who will carry out an audit of the '
'Company’s books for the financial year ending '
'December 31, 2025, to determine the amount of '
'honorarium and to approve other requirements '
'related to such appointment for the public '
'accountant, in the event that the merger plan '
'has not concluded by December 31, 2025. 4. '
'Approval of determining salaries and other '
"allowances for members of the Company's Board "
'of Directors, as well as honorarium and other '
"allowances for members of the Company's Board "
'of Commissioners for the 2024 financial year, '
'in the event that the merger plan has not '
'concluded by December 31, 2025. 5. Approval '
'of the accountability report for the '
'realization of the use of proceeds from the '
'exercise of the Company’s Series III Warrants '
'until December 31, 2024 and to delegate the '
'Company’s Board of Directors to report the '
'realization of the use of proceeds from the '
'exercise of the Company’s Series III Warrants '
'up until the effective date of merger in '
'accordance with the prevailing laws and '
'regulation. Annual GMS was attended by the '
'following members of the Board of '
'Commissioners and the Directors of the '
'Company: The Company’s Board of '
'Commissioners: 1. Mr. DR. Darmin Nasution, '
'S.E., as the Company’s President '
'Commissioner; 2. Mr. Ferry Salman, as the '
'Company’s Vice President Commissioner; and 3. '
'Mr. Ir. Ketut Sanjaya, MSM., as the Company’s '
'Independent Commissioner. The Company’s Board '
'of Directors: 1. Mr. Merza Fachys, as the '
'Company’s President Director; 2. Mr. '
'Andrijanto Muljono, as the Company’s '
'Director; 3. Mr. Antony Susilo, as the '
'Company’s Director; 4. Mr. Marco Paul Iwan '
'Sumampouw, as the Company’s Director; and 5. '
'Mr. Shurish Subbramaniam, as the Company’s '
'Director. Annual GMS was attended by the '
'Shareholders and/or its Proxies representing '
'411,602,006,937 shares or 86.34% of total '
'476,704,137,792 shares issued by the Company '
'During the discussion of the Annual GMS '
'Agenda, the Shareholders and/or its Proxies '
'were given the chance to raise question, '
'opinions, suggestion or advice relating to '
'the Annual GMS Agenda in discussion, before '
'voting for agenda is cast. The mechanism of '
'voting in Annual GMS for each Annual GMS '
'Agenda was done verbally and electronically '
'by requiring the Shareholders and/or its '
'Proxies who attend the A n n u a l GMS '
'physically to raise their hands should they '
'vote against the decision or abstained from '
'voting, while those who voted for the '
'decision was not required to raise their '
'hands. Shareholders who attend the Annual GMS '
'virtually cast their votes through e-ASY.KSEI '
'system. Abstain vote is considered to concur '
'with the majority of the votes by the '
'Shareholders. Vote Result Agenda Question(s) '
'Voted for Voted against Abstain (Voted for + '
'Abstain) 411,462,225,784 1 2 411,233,588,775 '
'139,781,153 228,637,009 (99.9660%) '
'411,488,714,137 2 None 411,260,077,128 '
'113,292,800 228,637,009 (99.9725%) '
'411,465,860,837 3 None 411,238,823,828 '
'136,146,100 227,037,009 (99.9669%) '
'411,462,215,684 4 None 411,233,578,775 '
'139,791,253 228,636,909 (99.9660%) '
'411,488,714,037 5 None 411,260,077,128 '
'113,292,900 228,636,909 (99.9725%) Result of '
'Annual GMS: 1. First Agenda. Annual GMS with '
'majority vote decided: Approved and ratified '
"the Company's Board of Directors' Report "
"regarding the Company's business activities "
"and the Company's financial administration "
'for the Financial Year ending December 31, '
'2024, as well as approved and ratified the '
"Company's Financial Report, including the "
"Company's Balance Sheet and Profit/Loss "
'Calculation for the Financial Year ending '
'December 31, 2024, approved of the Annual '
'Report and Supervisory Duties Report of the '
"Company's Board of Commissioners, as well as "
'granting full release and discharge of '
'responsibility (acquit et de charge) to all '
"members of the Company's Board of "
'Commissioners and Board of Directors for '
'supervisory and management actions that have '
'been carried out in the financial year ending '
'on December 31, 2024. 2. Second Agenda. '
'Annual GMS with majority vote decided: '
'Approved the determination of the use of the '
"Company's Profit Loss for the financial year "
'ending December 31, 2024. 3. Third Agenda. '
'Annual GMS with majority vote decided: i. '
'Approved to grant the authority to the '
'Company’s Board of Commissioners to appoint '
'the Public Accountant who will carry out an '
'audit of the Company’s books for the '
'financial year ending December 31, 2025, in '
'the event that the merger plan has not '
'concluded by December 31, 2025; and ii. '
'Approved to grant the authority to the '
'Company’s Board of Commissioners to determine '
'the amount of honorarium and to approve other '
'requirements related to such appointment for '
'the public accountant, in the event that the '
'merger plan has not concluded by December 31, '
'2025. 4. Fourth Agenda. Annual GMS with '
'majority vote decided: i. Approved to grant '
'the authority to the Company’s Board of '
'Commissioners to determine the salary and '
'allowances for the member of the Company’s '
'Board of Directors based on the '
'recommendation from the Company’s Nomination '
'and Remuneration Committee for the financial '
'year of 2025, in the event that the merger '
'plan has not concluded by December 31, 2025, '
'adhering to the effectivity of the merger '
'plan, which will be effective tentatively on '
'April 16, 2025 or other dates in accordance '
'with the prevailing laws and regulations. ii. '
'Determined that the honorarium for all the '
'members of the Company’s Board of '
'Commissioner for financial year 2025, with '
'maximum increase of 6% (six per cent) from '
'the monthly honorarium received in financial '
'year 2024 by ta',
'seq': 3,
'votes_abstain': '227037009',
'votes_against': '136146100',
'votes_for': '411238823828',
'votes_in_favor_total': '411462215684'},
{'approved': True,
'pct_in_favor_total': '99.9660',
'resolution_items': [],
'resolution_text': '',
'seq': 4,
'votes_abstain': '228636909',
'votes_against': '139791253',
'votes_for': '411233578775',
'votes_in_favor_total': '411488714037'},
{'approved': True,
'pct_in_favor_total': '99.9725',
'resolution_items': [],
'resolution_text': 'Luar Biasa untuk masing-masing Mata Acara '
'RUPS Luar Biasa dilakukan secara lisan dan '
'secara elektronik dengan meminta kepada '
'Pemegang Saham dan/atau Kuasa Pemegang Saham '
'yang hadir secara fisik untuk mengangkat '
'tangan bagi yang memberikan suara tidak '
'setuju dan abstain, sedangkan yang memberikan '
'suara setuju tidak diminta mengangkat tangan. '
'Bagi para Pemegang Saham yang hadir secara '
'virtual memberikan voting melalui sistem '
'e-ASY.KSEI. Suara abstain dianggap '
'mengeluarkan suara yang sama dengan suara '
'mayoritas Pemegang Saham yang memberikan '
'suara dalam RUPS Luar Biasa ini. Hasil '
'Pemungutan Suara No. Mata *) Pertanyaan Acara '
'Setuju Tidak Setuju Abstain (Setuju + '
'Abstain) 414.262.925.482 1 414.035.388.445 '
'9.986.947.471 227.537.037 (97,6460%) '
'414.265.112.882 2 12 414.036.988.445 '
'9.984.760.071 228.124.437 (97,6465%) '
'416.645.257.226 3 416.417.720.289 '
'7.604.615.727 227.536.937 (98,2075%) *) '
'Pembahasan Mata Acara 1, 2 dan 3 dilakukan '
'bersamaan, begitu pula dengan sesi tanya '
'jawab. Berikut ini adalah keputusan-keputusan '
'dalam RUPS Luar Biasa: 1.',
'seq': 5,
'votes_abstain': '228636909',
'votes_against': '113292900',
'votes_for': '411260077128'},
{'approved': True,
'pct_in_favor_total': '97.6460',
'seq': 6,
'votes_abstain': '227537037',
'votes_against': '9986947471',
'votes_for': '414035388445',
'votes_in_favor_total': '414265112882'},
{'approved': True,
'pct_in_favor_total': '97.6465',
'seq': 7,
'votes_abstain': '228124437',
'votes_against': '9984760071',
'votes_for': '414036988445',
'votes_in_favor_total': '416645257226'},
{'approved': True,
'pct_in_favor_total': '98.2075',
'seq': 8,
'votes_abstain': '227536937',
'votes_against': '7604615727',
'votes_for': '416417720289'}],
'is_electronic': True,
'meeting_date': '2025-03-25',
'meeting_type': 'EGM',
'pct_present': '86.34',
'shares_present': '411602006937',
'shares_total_voting': '476704137792',
'time_start': '09:29:00'}