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Page 1
                                         ANNOUNCEMENT OF
                  SUMMARY MINUTES OF THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                 PT Saraswanti Anugerah Makmur Tbk.

 Directors of PT Saraswanti Anugerah Makmur Tbk. (The “Company”) hereby informs that the Company has held
 the Annual General Meeting of Shareholders for the 2023 Financial Year (“Meeting”), on Monday, June 24th, 2024,
 at 10.46 AM – 12.01 PM, at the AMG Tower 6fl Floor, Jl. Dukuh Menanggal 1-A, Gayungan, Surabaya.

 The meeting was attended by the following Boards of Commissioners and Directors:

Board of Commissioners                                               Board of Directors
President Commissioners        :   Noegroho Hari Hardono             President Director :      Ir. Yahya Taufik
Commissioner                   :   Sukarno                           Director           :      Theresia Yusufiani Rahayu
Independent Commissioners      :   Poernomo                          Director              :   Andreas Adhi Harsanto
                                                                     Director              :   Fransiscus   Xaverius       Mulyo
                                                                                               Hartono
                                                                     Director              :   Andi Irwandy

 Shareholders and/or their proxies who attended the Meeting recorded 4.994.521.900 shares, equivalent to 97,45%
 of the total shares issued by the Company, amounting to 5,125,000,000 shares.

 Meeting Rules
    •   Shareholders or their proxies can ask questions and/or opinions relating to the meeting agenda being
        discussed before voting.
    •   The vote of abstention is deemed to cast the same vote as the majority of Shareholders who cast a vote.
    •   Voting is conducted physically by raising hands and electronically using the eASY.KSEI system.
    •   The company has appointed an independent party, Notary Sitaresmi Puspadewi Subianto, S.H., M.Kn.,
        and the Securities Administration Bureau PT Adimitra Jasa Korpora, in calculating and/or validating votes.
    •   Meeting resolutions have been stated in the minutes of summary No. 184/Not/VI/2024 date June 24th,
        2024, made by Notary Sitaresmi Puspadewi Subianto, S.H., M.Kn.

 Meeting Decisions

   1st Agenda               Approval of The Board of Director's annual report, Board of Commissioners supervisory
                            report, and ratification of the balance sheet and income statements for the financial
                            year ended on December 31st, 2023.
   Questions/Suggestions    1 (one) person
   Voting                               Agree                        Disagree                         Abstain
                                    4.993.420.800                          -                        1.101.100
   Decision                 1. Received and approved the Company's Annual Report for the financial year ending
                                on December 31st, 2023, including the Board of Directors 'Report and the
                                Company's Board of Commissioners' Supervisory Report for the 2023 financial
                                year.
                            2. Ratify the Consolidated Financial Statements of the Company and Subsidiaries
                                that have been audited by the Public Accounting Firm Paul Hadiwinata, Hidajat,
                                Arsono, Retno, Palilingan & Partners on the financial statements for the 2023
                                Financial Year with the opinion, "Fair, in all material respects, the financial position
                                of the Group as of December 31st, 2023, and the consolidated financial
                                performance and cash flow for the year ended by Indonesian Financial Accounting
                                Standards. At the same time, it was providing full payment and release of
                                responsibility (acquit et de charge) to the Board of Directors and the Board of
                                Commissioners for the management and supervision of the Company that has
                                been carried out during the 2022 Financial Year, as long as it is not a criminal act
                                or violates applicable legal provisions and procedures and is recorded in the
                                financial report of the Company and does not conflict with laws and regulations.
Page 2
2nd Agenda              Determination used of net profit for the financial year ended on December 31 st, 2023.
Questions/Suggestions   1 (one) person
Voting                              Agree                          Disagree                   Abstain
                               4.993.420.800                           -                     1.101.100
Decision                1. Determined the distribution of dividends amounting to IDR210,125,000,000 or
                            approximately 50% of the current year's profit which will be distributed in the
                            form of cash dividends to shareholders, whose names are recorded in the
                            Company's Shareholders Register on July 4th, 2024, at 16:00 West Indonesia Time
                            ("Recording Date") or IDR41 per share as of the date of this Meeting, with due
                            observance of the PT Bursa Efek Indonesia regulations for trading shares on the
                            Indonesia Stock Exchange, provided that for the Company's shares that are in
                            collective custody, the following conditions apply:
                            a. Cum Dividend Cash at the Regular and Negotiation Market on July 2nd , 2024;
                            b. Ex Cash Dividend at the Regular and Negotiation Market on July 3rd , 2024;
                            c. Cum Dividend Cash at the Cash Market on July 4th, 2024;
                            d. Ex Cash Dividend at the Cash Market on July 5th, 2024.
                            Payment of cash dividends to eligible shareholders will be made by July 26th,
                            2024.
                        2. Determine that the remaining net income for the current year for the financial
                            year ended December 31st, 2023, is recorded as retained earnings.
                        3. Give power to the Board of Directors of the Company to carry out everything
                            related to the distribution of the dividends mentioned above by the prevailing laws
                            and regulations.

3rd Agenda              Approval on the salary/honorarium and other benefits of the Board of Commissioners
                        and Board of Directors of the Company.
Questions/Suggestions   -
Voting                             Agree                       Disagree                    Abstain
                               4.993.420.800                       -                      1.101.100
Decision                Approved authorizing the Board of Commissioners to determine the salary or
                        honorarium and other benefits for members of the Board of Directors and to the
                        President Commissioner to determine the salary or honorarium and other benefits for
                        members of the Board of Commissioners by taking into account the proposals and
                        recommendations of the Nomination and Remuneration Committee to be determined
                        by the Board of Commissioners.

4th Agenda              Approval of delegation to the Board of Commissioners to appoint a Public Accounting
                        Firm to conduct an audit of financial statements for the fiscal year ending on December
                        31st, 2024, and delegation to The Board of Director to determine the honorarium
                        amount other terms of appointment.
Questions/Suggestions   -
Voting                               Agree                        Disagree                       Abstain
                                4.993.420.800                         -                        1.101.100
Decision                1. Approved the re-appointment of the Public Accounting Firm Paul Hadiwinata,
                             Hidajat, Arsono, Retno, Palilingan & Partners to carry out an audit of the
                             Company's Financial Statements for the Financial Year of 2024.
                        2. Delegates authority to the Board of Directors and the Board of Commissioners to:
                            a. Appoint a Public Accountant to a Public Accountant Firm that has been
                                appointed in this Meeting, because the appointment of a public accountant
                                needs to be adjusted to the results of the evaluation, and as long as the
                                appointment is made subject to the criteria of Public Accountants set out in
                                Company policy;
                            b. Determine a Public Accountant and/or a Substitute Public Accountant Firm if
                                the appointed Public Accounting Firm cannot continue or carry out its duties
                                for any reason based on the provisions and regulations of the capital market;
                                and
                            c. Determine the conditions, terms of appointment, and an honorarium of the
                                Substitute Public Accountant Firm.

5th Agenda              Approval of the Company's plan to guarantee the Company's assets of more than 50%
                        of the total net assets in the form of assets and/or corporate guarantees.
Questions/Suggestions   -
Voting                               Agree                        Disagree                    Abstain
Page 3
                                4.993.420.800                         -                       1.101.100
Decision                1.   Approved to guarantee the Company's assets of more than 50% of the total net
                             assets of the Company in one fiscal year in the form of assets and/or corporate
                             guarantees in one or more transactions, whether related to each other or not to
                             banks or financial institutions or other parties, both for loan facilities that have
                             been granted and/or will be granted later to the Company and/or its subsidiaries
                             and/or parties affiliated with the Company along with additions and/or changes
                             and/or extensions and/or renewals (if any), with terms and loan values deemed
                             favorable by the Board of Directors of the Company.
                        2.   To authorize the Company's Board of Directors to sign all letters, agreements,
                             deeds, and others and do everything deemed necessary in connection with the
                             guarantee of the Company's assets of more than 50% of the Company's net
                             assets in one fiscal year.

6th Agenda              Changes in the composition of the Company’s Board of Commissioners and Directors.
Questions/Suggestions   -
Voting                             Agree                       Disagree                   Abstain
                              4.993.420.800                        -                     1.101.100
Decision                 1. Approve and ratify the expiration of the term of office of the Board of
                            Commissioners and the Board of Directors as of the closing date of the Meeting
                            and release and discharge (acquit et decharge) the supervisory and/or
                            management actions that have been carried out during their term of office, until
                            the closing date of the Meeting, namely to:

                                President Commissioner          :   Mr. Noegroho Hari Hardono
                                Commissioner                    :   Mr. Sukarno
                                President Director              :   Mr. Ir. Yahya Taufik
                                Director                        :   Mrs. Theresia Yusufiani Rahayu
                                Director                        :   Mr. Andreas Adhi Harsanto
                                Director                        :   Mr. Franciscus Xaverius Mulyo Hartono
                                Director                        :   Mr. Andi Irwandy

                        2.   Approved and appointed:

                                President Commissioner          :   Mr. Noegroho Hari Hardono
                                Commissioner                    :   Mr. Sukarno
                                President Director              :   Mr. Ir. Yahya Taufik
                                Director                        :   Mrs. Theresia Yusufiani Rahayu
                                Director                        :   Mr. Andreas Adhi Harsanto
                                Director                        :   Mr. Franciscus Xaverius Mulyo Hartono
                                Director                        :   Mr. Andi Irwandy

                             As of the closing of the Meeting until the closing of the Annual General Meeting
                             of Shareholders for the fiscal year 2028, which will be held in 2029.

                             In connection with the appointment mentioned above, the composition of the
                             Board of Commissioners and the Board of Directors of the Company as of the
                             closing date of the Meeting will be as follows:

                                President Commissioner          :   Mr. Noegroho Hari Hardono
                                Commissioner                    :   Mr. Sukarno
                                Independent Commissioner        :   Mr. Poernomo
                                President Director              :   Mr. Ir. Yahya Taufik
                                Director                        :   Mrs. Theresia Yusufiani Rahayu
                                Director                        :   Mr. Andreas Adhi Harsanto
                                Director                        :   Mr. Franciscus Xaverius Mulyo Hartono
                                Director                        :   Mr. Andi Irwandy

                        3.   Granting power and authority to the Board of Directors with the right of
                             substitution to carry out all necessary processes and actions, including
                             notifications to regulatory parties as required by applicable laws and regulations.
Page 4
Procedure for Cash Dividend Distribution:
1. Cash dividends will be distributed to the Company's Shareholders whose names are recorded in the Company's
    Shareholders Register (“DPS”) or a recording date on July 4th, 2024, and/or the Company's shareholders in
    the securities sub-account at PT Kustodian Sentral Efek Indonesia ("KSEI”) at the close of trading on July 4th,
    2024.
2. For Shareholders of the Company whose shares are placed in the collective custody of KSEI, cash dividend
    payments will be made through KSEI and distributed to the Securities Companies and/or custodians Bank
    accounts on July 26th, 2024. The Company through the Securities Company and/or Custodian Bank where the
    Shareholders open their accounts. Meanwhile, for the Company's Shareholders whose shares are not included
    in the collective custody of KSEI, the cash dividend payment will be transferred to the account of the
    Company's Shareholders.
3. The applicable tax laws and regulations will tax the cash dividend. The amount of tax imposed will be a cash
    dividend, which is the right of the Company's shareholders.
4. Shareholders who are domestic taxpayers in the form of legal entities who have not submitted their Taxpayer
    Identification Number (“NPWP”) are requested to submit their NPWP to KSEI or the Securities Administration
    Bureau PT Adimitra Jasa Korpora (“BAE”) at the address Kirana Boutique Office, Jl. Kirana Avenue III Blok F3
    no. 5, Kelapa Gading, North Jakarta 14250, no later than July 5th, 2024 at 04.00 PM. Without the inclusion of
    the NPWP, cash dividends paid to the Domestic Taxpayers will be subject to a PPh rate 100% higher than the
    normal rate.
5. Shareholders who are foreign taxpayers whose with holding tax will use the tariff based on the Double Taxation
    Avoidance Agreement (“P3B”) must meet the requirements of the Director-General of Taxes Regulation No.
    PER-10/PJ/2017 concerning Procedures for Implementing Double Tax Avoidance Approval and submitting the
    DGT-1 or DGT-2 form, which has been legalized by the Tax Service Office for Listed Companies to KSEI or
    Registrar by KSEI provisions and regulations. Without these documents, cash dividends paid will be subject to
    20% Income Tax Article 26.



                                            Surabaya, June 24th, 2024
                                      PT Saraswanti Anugerah Makmur Tbk.
                                                Board of Directors

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Names mentioned 16 people and organisations named in the text · linked when the evidence is strong

linked org Saraswanti Anugerah Makmur Tbk. p.1 ×8
linked person Noegroho Hari Hardono p.1 ×6
linked person Theresia Yusufiani Rahayu p.1 ×6
linked person Andreas Adhi Harsanto p.1 ×6
possible person Ir. Yahya Taufik p.1 ×9
possible org PT Bursa Efek Indonesia p.2
possible person Sukarno p.3 ×2
possible person Poernomo p.3
unresolved person Notary Sitaresmi Puspadewi Subianto p.1 ×2
unresolved org PT Adimitra Jasa Korpora p.1 ×2
unresolved org Palilingan & Partners p.1 ×2
unresolved org Indonesia Stock Exchange p.2
unresolved person Franciscus Xaverius Mulyo Hartono p.3 ×6
unresolved person Andi Irwandy As p.3 ×6
unresolved person Sukarno Independent p.3
unresolved org PT Kustodian Sentral Efek Indonesia p.4

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