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20241018_ADRO_Laporan Informasi dan Fakta Material_31747602_lamp1.pdf
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PT ADARO ENERGY INDONESIA TBK (IDX: ADRO) NEWS RELEASE
Jakarta, October 18th, 2024 – PT Adaro Energy Indonesia Tbk (“the Company”, IDX: ADRO)
today held an Extraordinary General Meeting of Shareholders (the Meeting) at the Cyber 2 Tower
in South Jakarta. The Meeting was held electronically through Electronic General Meeting System
facility provided by PT Kustodian Sentral Efek Indonesia (eASY.KSEI) as well as offline with
limitations on attendance of legitimate shareholders or their proxies. The Meeting reached the
quorum required by the applicable regulatory provision.
President Director and Chief Executive Officer, Mr. Garibaldi Thohir, said:
“We would like to thank all shareholders for their participation and support at the EGMS
so that we can achieve our purpose and carry on with our material transaction plan. It is
our intention to continue pursuing strategic expansions and diversifications in the non-
coal mining segments to create a more balanced business portfolio and achieve our target
to generate around 50% of revenue from non-thermal coal by 2030.”
“We view this measure to be effective in maximizing the performance of PT Adaro Andalan
Indonesia and the non-thermal coal business pillars since it will allow each company to
focus on developing their core strengths and continue to leverage their resources and
potentials.”
The Meeting has approved the meeting agenda to sell up to all of the shares owned by the
Company in PT Adaro Andalan Indonesia (previously PT Alam Tri Abadi), which qualifies as a
material transaction pursuant to the Financial Services Authority (FSA) Regulation number No.
17/POJK.04/2020 on Material Transactions and Changes of Main Business Activities through
public offering to all of the Company’s shareholders based on FSA Regulation number
76/POJK.04/2017 on Public Offering by Existing Shareholders (“Transaction”).
The Company is committed to fully supporting the Indonesian government’s commitment to
reduce greenhouse gas emission, including the initiatives to achieve net-zero emissions in 2060
or earlier through various measures. The Company has a commitment to have around 50% of its
total revenue generated by non-thermal coal businesses by 2030 which will be achieved by
expanding businesses in the areas that support Indonesia’s green ecosystem.
To fulfill this commitment, the Company intends to separate the businesses under the mining
segment and a number of supporting businesses under PT Adaro Andalan Indonesia (“AAI”) from
the Adaro Minerals and Adaro Green pillars to maximize the performance of AAI and those non
thermal coal business pillars since it will allow each company to focus on developing their core
strengths.
This Transaction is expected to help AAI and the non-thermal coal business segments to
strengthen the focus on development and performance. This separation will also help the
Company’s green business to gain larger financing access, more competitive funding cost, and
better access to green projects with high-level potential business partners, in addition to offering
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more investment options to the public investors to make investments according to their interests
and perspectives.
The Transaction is conducted through a public offering of AAI’s shares in accordance with the
applicable capital market regulations, including FSA Regulation number 76/POJK.04/2017
(“POJK 76/2017”). Subject to the FSA’s statement that the Company’s registration statement on
the public offering by existing shareholders based on POJK 76/2017 has become effective, the
Company will grant the opportunities to its shareholders to participate in this Transaction as
buyers.
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These materials have been prepared by PT Adaro Energy Indonesia Tbk (the “Company”) and have not been
independently verified. No representation or warranty, expressed or implied, is made and no reliance should be placed
on the accuracy, fairness or completeness of the information presented or contained in these materials. The Company
or any of its affiliates, advisers or representatives accepts no liability whatsoever for any loss howsoever arising from
any information presented or contained in these materials. The information presented or contained in these materials
is subject to change without notice and its accuracy is not guaranteed.
These materials contain statements that constitute forward-looking statements. These statements include descriptions
regarding the intent, belief or current expectations of the Company or its officers with respect to the consolidated results
of operations and financial condition of the Company. These statements can be recognized by the use of words such
as “expects,” “plan,” “will,” “estimates,” “projects,” “intends,” or words of similar meaning. Such forward-looking
statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ
from those in the forward-looking statements as a result of various factors and assumptions. The Company has no
obligation and does not undertake to revise forward-looking statements to reflect future events or circumstances.
These materials are for information purposes only and do not constitute or form part of an offer, solicitation or invitation
of any offer to buy or subscribe for any securities of the Company, in any jurisdiction, nor should it or any part of it form
the basis of, or be relied upon in any connection with, any contract, commitment or investment decision whatsoever.
Any decision to purchase or subscribe for any securities of the Company should be made after seeking appropriate
professional advice.
For further information please contact:
Corporate Secretary Division Head
Mahardika Putranto (Dicky) | mahardika.putranto@adaro.com
Corporate Communication Division Head
Febriati Nadira | Febriati.Nadira@adaro.com
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PT Kustodian Sentral Efek Indonesia
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Financial Services Authority
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