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20240909_KRAS_Ringkasan Risalah//Risalah RUPS_31724176_lamp2.pdf

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Page 1
                        ANNOUNCEMENT OF SUMMARY
     OF THE MINUTES OF THE ANNUAL GENERAL MEETINF OF SHAREHOLDERS
       FOR THE 2022 FINANCIAL YEAR OF “PERUSAHAAN PERSEROAN (PERSERO)
PT. KRAKATAU STEEL Tbk” or “PT. KRAKATAU STEEL (PERSERO) Tbk”


In compliance with the provisions of Articles 49 paragraph (1) and Article 51 of the Financial
Services Authority (Otoritas Jasa Keuangan/ OJK) Regulation No. 15/POJK.04/2020 on the
Planning and Implementation of the General Meeting of Shareholders for Public Companies
(hereinafter referred to as “POJK No. 15”), the Board of Directors of PT KRAKATAU STEEL
(PERSERO) Tbk (hereinafter referred to as the “Company”) hereby notify the shareholders
that the Company has held the Annual General Meeting of Shareholders for the 2022
Financial Year (hereinafter referred to as the “Meeting”), namely:

(A). On :
     Day/Date         : Thursday/September 5, 2024
     Time             : 14.20 Western Indonesian Time until 15.33 Western Indonesian Time
     Venue            : Financial Hall, Graha CIMB Niaga 2nd Floor, Jalan Jenderal Sudirman,
                        Kav. 58, Jakarta

     Meeting Agenda:
     1. Approval of the Company’s Annual Report and Ratification of the Company's
        Consolidated Financial Statements, Approval of the Supervision Duty Report of the
        Board of Commissioners and Ratification of the Financial Report of the Micro and
        Small Business Funding Program (PUMK) for the 2023 Fiscal Year, as well as the
        Granting of Full Discharge and Release of Liability (volledig acquit et de charge) to
        the Board of Directors for the Management and Supervision that has been carried
        out during the 2023 Financial Year.
     2. Determination of salary for Board of Directors and Honorarium for Board of
        Commissioners including other Facilities and Benefits for the year of 2024.
     3. Appointment of a Public Accounting Firm (Kantor Akuntan Publik/ KAP) to Audit the
        Company's Consolidated Financial Statements and the Financial Statements for the
        Implementation of the Company's Micro and Small Business Funding Program for
        the 2024 Financial Year.
     4. Approval of the Extension of the Delegation of Authority to the Board of
        Commissioners to State the Certainty on the Amount of Capital and Number of
        New Shares Resulting from the Conversion of Mandatory Convertible Bonds
        ("MCB") and to Take All Necessary Actions Including Determining the Time,
        Method and Amount of Additional Capital of the MCB Issuer in the Context of
        Converting the MCB into Convertible Shares.
     5. Approval of Company Restructurisation Proposal.
     6. Approval on the changes in the composition of the management Board of the
        Company
Page 2
(B). Members of the Board of Directors and Board of Commissioners present in the Meeting:

     BOARD OF DIRECTORS
     President Director                                : Purwono Widodo;
     Director of Human Capital                         : Sriyani Puspa Kinasih;
     Director of Finance and Risk Management           : Tardi;
     Director of Commercial                            : Muhamad Akbar;
     Director Business Development and Portfolio       : Agus Nizar Vidiansyah.

     DEWAN KOMISARIS
     President Commissioner                            : Suhanto;
     Independent Commissioner                          : Isfan Fajar Satryo;
     Commissioner                                      : I Gusti Putu Suryawirawan;
     Commissioner                                      : Yudha Mediawan;
     Independent Commissioner                          : David Pajung;
     Independent Commissioner                          : Tjuk Agus Minahasa;

(C). The Meeting was attended by a total of 15.750.740.064 shares with valid voting rights or
     81.41% of the total shares with valid voting rights issued by the Company.

(D). In the Meeting, shareholders and/or their proxies were given the opportunity to ask
     questions and/or provide opinions regarding the Meeting agenda.

(E). Agenda I                  : There was 1 (one) question that has been answered properly by
                                 the Board of Directors of the Company.
     Agenda II                 : no questions.
     Agenda III                : no questions.
     Agenda IV                 : no questions.
     Agenda V                  : no questions.
     Agenda VI                 : no questions.

(F). The decision-making mechanism in the Meeting is as follows:
     Meeting resolutions are made by way of deliberation for consensus. If deliberation to reach
     consensus is not obtained, it is carried out through voting.

(G). The results of the resolution carried out through voting:

     Agenda I:

                  Agree                           Abstain                         Disagree

     15.745.766.151    votes  or       2.978.000 votes or 0,019%      1.995.913 votes or 0,013%
     99,968% of the total shares       of the total shares with       of the total shares with
     with valid voting rights          valid voting rights present    valid voting rights present
     present at the Meeting.           at the Meeting.                at the Meeting.


     Resolution of Agenda I:

     1. Approving the Company’s Annual Report including the Report on the Supervisory
         Duties of the Board of Commissioners for 2023 Financial Year ending on December
         31, 2023.

     2. Ratification:
         a. The Company’s consolidated Financial Statement ending on December 31,
            2023, and has been audited by KAP Amir Abadi Jusuf, Aryanto, Mawar and
            Partner   (RSM    Indonesia)   as    stated   in   their   report    No:
            00772/2.1030/AU.1/04/1155-1/1/V/2024 dated May 31, 2024 with the opinion
Page 3
        “Fair, in all material respects”.
     b. The Report on the Implementation of Social and Environmental Responsibility
        Program ending on December 31, 2023, and has been audited by KAP Amir
        Abadi Jusuf, Aryanto, Mawar and Partner (RSM Indonesia) as stated in their
        report No: 00388/2.1030/AU.2/12/1155-1/0/III/2024 dated March 28, 2024
        with the opinion “Fair, in all material respects”.

 3. The Approved the Company’s Annual Report including the Report on the
    Supervisory Duties of the Board of Commissioners, and the ratification of the
    Company’s consolidated Financial Statement which includes the Report on the
    Implementation of Social and Environmental Responsibility Program ending on
    December 31, 2023, respects and provide full release and discharge (volledig
    acquit et de charge) to all members of the Board of Directors and Board of
    Commissioners of the Company for their management and supervisory actions that
    have been carried out during the Financial Year ending December 31, 2023 , as
    long as the action is not a criminal act and has been reflected in the Company's
    Report.


 Agenda II:

              Agree                         Abstain                      Disagree

 15.750.229.664    votes  or      4.100 votes or 0,000% of      506.300 votes or 0,003% of
 99,997% of the total shares      the total shares with valid   the total shares with valid
 with valid voting rights         voting rights present at      voting rights present at
 present at the Meeting.          the Meeting.                  the Meeting.


 Resolution of Agenda II:

1. Granting authority and power to the Series A Dwiwarna Shareholder to determine
   the tantiem/performance incentives/ particular incentives for the 2023 Financial Year,
   and the amount of honorarium, benefits, facilities for the Board of Commissioners for
   2024 Fiscal Year.


2. Granting authority and power to the Board of Commissioners by first obtaining
   written approval from the Series A Dwiwarna Shareholder to determine
   tantiem/performance incentives/ particular incentives for the 2023 Financial Year,
   and the amount of salary, benefits, facilities for the Board of Directors for 2024 Fiscal
   Year.

 Agenda III:

              Agree                         Abstain                       Disagree

 15.750.037.064    votes  or      113.900 votes or 0,001% of    589.100 votes or 0,004% of
 99,995% of the total shares      the total shares with valid   the total shares with valid
 with valid voting rights         voting rights present at      voting rights present at
 present at the Meeting           the Meeting                   the Meeting
Page 4
Resolution of Agenda III:

1. Appoint a Public Accounting Firm (KAP) Amir Abadi Jusuf, Aryanto, Mawar & Partner
   (RSM Indonesia), to audit the Company's Consolidated Financial Statements and
   Financial Statements of the Company’s Micro and Small Business Funding Program
   (PUMK) for the 2024 Fiscal Year.

2. Granting authority and power to the Board of Commissioners to determine the
   amount of fees for audit services and other reasonable requirements for the Public
   Accounting Firm (KAP), and to audit the Company's Consolidated Financial
   Statements of other period in the 2024 Fiscal Year for the purposes and interests of
   the Company.

3. Granting authority and power to the Board of Commissioners to determine a
   replacement KAP if the appointed KAP, for any reason, is unable complete the audit
   of the Company's Financial Statements and the Financial Statements of the PUMK
   Funding Program for the 2024 Financial Year, as well as determining the fee for audit
   services and other terms for the replacement KAP.


Agenda IV:

             Agree                         Abstain                      Disagree

 15.743.824.083    votes  or     114.100 votes or 0,001% of    6.801.881 votes or 0,043%
 99,956% of the total shares     the total shares with valid   of the total shares with
 with valid voting rights        voting rights present at      valid voting rights present
 present at the Meeting          the Meeting                   at the Meeting


 Resolution of Agenda IV:

1. Granting authority and power to the Board of Commissioners of the Company to
   declare the certainty of the amount of capital and the number of new shares
   resulting from the conversion of MCB and to take all necessary actions, including
   determining the time, method and amount of the Company's capital increase.

2. Granting power and authority with substitution rights to the Board of Directors of the
   Company with the approval of the Board of Commissioners to make, negotiate and
   sign any and all documents for the issuance of the MCB and the implementation of
   conversion of the MCB into Company's capital with the above mentioned Capital
   Increase mechanism, including but not limited to determining the conversion price of
   the MCB into the Company's capital which is considered good by the Board of
   Directors, take all and every necessary action in relation to matters relating to the
   Capital Increase, make or request all necessary deeds, letters or documents, be
   present before authorized parties/officials including Notary and/or reporting and
   carrying out the necessary registration to the competent authorities related to the
   issuance of the MCB and the Company's capital increase with the said Capital
   Increase mechanism, submit applications to authorized parties/officials as referred to
   under the applicable laws and regulations, the granting of power and authority is
   without any exceptions with due regards to the provisions of the applicable laws and
   regulations including regulations in the Capital Market sector.
Page 5
Agenda V:

             Agree                           Abstain                       Disagree

 15.727.599.346    votes  or      113.900 votes or 0,001% of     23.026.818     votes    or
 98,853% of the total shares      the total shares with valid    0,146% of the total shares
 with valid voting rights         voting rights present at       with valid voting rights
 present at the Meeting           the Meeting                    present at the Meeting


 Resolution of Agenda V:

 1. Approving Company Restructurisation Proposal in order to improve the Company's
    health as a strategic step to improve the Company's internal conditions and
    performance with the restructuring method as explained, the implementation of
    which is carried out in accordance with the provisions of the Company's Articles of
    Association and applicable laws and regulations.

 2. Granting authority and power to the Board of Commissioners by first obtaining
    written approval from the Series A Dwiwarna Shareholder to provide approval in
    the event of a change in the restructuring method.


 Agenda VI:

             Agree                           Abstain                       Disagree

 15.727.911.646    votes  or      3.900 votes or 0,000% of       22.824.518     votes    or
 99,855% of the total shares      the total shares with valid    0,145% of the total shares
 with valid voting rights         voting rights present at       with valid voting rights
 present at the Meeting           the Meeting                    present at the Meeting


 Resolution of Agenda VI:

 1. Honorably discharging Mr. Djoko Muljono as the Director of Infrastructure &
    Business Support of the Company who was appointed based on the Decision of the
    2019 Annual GMS effective from April 26, 2024, with gratitude for the contribution
    of energy and thoughts while holding the position.

 2. Appointing Mr. Djoko Muljono as the Director of Infrastructure & Business Support of
    the Company for second period.

 3. The term of office of the Member of the Board of Directors who is appointed as
    referred to in number 2, is in accordance with the provisions of the Company's
    Articles of Association with due observance of the laws and regulations in the
    Capital Market sector and without prejudice to the right of the GMS to dismiss at
    any time.

 4. Members of the Board of Directors who are appointed as referred to in number 2 and
    are still holding other positions that are prohibited by laws and regulations from being
    held concurrently with the position of Director of a SOE, then the person concerned
    must resign or be dismissed from said position.

 5. Granting power of attorney with the right of substitution to the Company's Board of
    Directors to state the decisions of this GMS in the form of a notarial deed, and to appear
    before a notary or authorized official, and to make adjustments or improvements as
Page 6
   necessary if required by the authorized party for the purposes of implementing the
   contents of the Meeting's decisions.

6. The results of the GMS determination regarding changes to the members of the Board
   of Directors of PT Krakatau Steel (Persero) Tbk as referred to in number 2, must be
   submitted to the Ministry of SOE through the data update of the Ministry of SOE HC
   Portal as stipulated in Article 54 paragraph (4) of the Regulation of the Minister of BUMN
   Number PER-3/MBU/03/2023 concerning Organs and Human Resources of State-Owned
   Enterprises (SOE), no later than five working days after the implementation of the GMS.



                             Jakarta, September 5 2024
                         PT KRAKATAU STEEL (PERSERO) Tbk
                                 Board of Director

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Names mentioned 17 people and organisations named in the text · linked when the evidence is strong

linked person Purwono Widodo p.2
linked person Sriyani Puspa Kinasih p.2
linked person Muhamad Akbar p.2
linked person Agus Nizar Vidiansyah. p.2
linked person Isfan Fajar Satryo p.2
linked person I Gusti Putu Suryawirawan p.2
linked person Yudha Mediawan p.2
linked person David Pajung p.2
linked person Tjuk Agus Minahasa p.2
linked person Djoko Muljono p.5 ×3
possible org KRAKATAU STEEL Tbk p.1 ×14
possible org Otoritas Jasa Keuangan p.1
possible org Amir Abadi Jusuf p.2 ×4
unresolved org Financial Services Authority p.1
unresolved org Ministry of SOE p.6
unresolved org Ministry of SOE HC Portal p.6
unresolved org Minister of BUMN Number PER- p.6

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