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Page 1
                            Notice of the Annual General Meeting of Shareholders
                                        PT ESTA MULTI USAHA Tbk


The Board of Directors of PT ESTA MULTI USAHA Tbk (the “Company”), hereby invited the Company’s
shareholders to attend the Annual General Meeting of Shareholders (“Meeting”), which will be held on:


     Day/Date           :    Monday, June 10, 2024;
     Time               :    10.00 WIB onwards;
     Venue              :    Luminor Hotel Pecenongan
                             Jalan Pecenongan No. 35, RT. 2/RW. 3, Kebon Kelapa, Gambir, Central Jakarta


The Meeting agendas are as follows:


1.     Approval and ratification of the Annual Report for the financial year ended December 31, 2023,
       which consists of:
       a.    Report on the management of the Company by the Board of Directors and the Report on
             the supervision of the Company by the Board of Commissioners for the financial year ended
             on December 31, 2023;
       b. Financial Statements and ratification of the balance sheet as well as the calculation of profit and
             loss for the financial year ended on December 31, 2023 as well as granting and release and
             full acquittal (acquit et de charge) to all members of the Board of Directors and members of
             the Board of Commissioners of the Company for the management and supervision actions
             they have taken for the financial year ended on December 31, 2023.
       Explanation: the above agenda is in accordance with the provisions of (i) Article 9 paragraph (4)
                       letter a and letter b of the Company's Articles of Association, (ii) Article 66 paragraph
                       (1) and Article 69 paragraph (1) of Law Number 40 of 2007 concerning Limited
                       Liability Companies (“Company Law”) as partially amended by Law number 6 of
                       2023 concerning Stipulation of Government Regulation in lieu of Law number 2 of
                       2022 concerning Job Creation to become Law and (iii) Article 41 paragraph (1) letter
                       a Financial Services Authority Regulation Number 15/POJK.04/2020 concerning the
                       Plan and the Implementation of the General Meeting of Shareholders of Public
                       Company (“POJK No. 15/2020”).

2.     Determination of the Company's profit and loss for the financial year ended on December 31, 2023.
       Explanation: the above agenda is in accordance with the provisions of (i) Article 9 paragraph (4)
                      letter c of the Company's Articles of Association, (ii) Article 70 and Article 71
                      paragraph (1) of the Company Law and (iii) Article 41 paragraph (1) letter a POJK
                      No. 15/2020.

3.     Determination of the amount of salary and other benefits for members of the Board of Directors and
       members of the Board of Commissioners of the Company.
       Explanation: the above agenda is in accordance with the provisions of (i) Article 14 paragraph (11)
                      and Article 17 paragraph (9) of the Company's Articles of Association, (ii) Article 96
                      and Article 113 of Company Law and (iii) Article 41 paragraph (1) letter a POJK No.
                      15/2020.
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4.        Appointment of Public Accountant who will audit the Company's financial statements for the
          financial year ending on December 31, 2024.
          Explanation: the above agenda is in accordance with the provisions of (i) Article 9 paragraph (4)
                          letter d of the Company's Articles of Association, (ii) Article 68 of the Company Law,
                          (iii) Article 13 of POJK No. 13/POJK.03/2017 concerning the Use of Public
                          Accountants and Public Accounting Firms in Financial Services Activities and (iv)
                          Article 41 paragraph (1) letter a POJK No. 15/2020.

5.        Notification of reports on the realization of the use of proceeds from the public offering.
          Explanation: the above agenda is in accordance with the provisions of (i) Article 9 paragraph (4)
                           letter f of the Company's Articles of Association and (ii) Article 6 of Financial
                           Services Authority Regulation Number 30/POJK.04/2015 concerning Report on the
                           Realization of the Appropriation of Fund Resulting from Public Offering.

6.        Approval of changes to the provisions of the Company's Articles of Association in order to comply
          with POJK No. 14/POJK.04/2022 concerning Submission of Periodic Financial Reports for Issuers
          or Public Companies.
          Explanation: the above agenda item is necessary to adjust the Company's Articles of Association
                         with the provisions for the announcement of Periodic Financial Reports which must
                         be made by the Company via the Stock Exchange website and the obligation to
                         provide Periodic Financial Reports on the Company's website as regulated in POJK
                         No. 14/POJK.04/2022 concerning Submission of Periodic Financial Reports for
                         Issuers or Public Companies.


Note:

     1.         The Company will not send a specific invitation to shareholders given that this invitation constitutes an
                official invitation to the Company. This invitation can also be found at the Company’s website, namely
                http://www.estamultiusaha.co.id and the application of eASY.KSEI.


     2.         Materials related to the Meeting are available at the Company’s website as of the Invitation date on
                May 17, 2024 and up to the Meeting’s date on June 10, 2024, as the Company informed above.


     3.         The shareholders who are entitled to attend or be represented at the Meeting are those whose names
                are listed in the Shareholders Register of the Company as of the Stock Exchange’s closing hour on
                May 16, 2024.


     4.         Shareholders can participate in the Meeting by either:
                  a. physically attending the Meeting; or
                  b. electronically attending the Meeting through the application of eASY.KSEI.

     5.         Shareholders who wish to attend electronically, as mentioned in item 4 letter b, must be local
                individual shareholders who have shares deposited in KSEI’s collective custody.


     6.         Shareholders can utilize the eASY.KSEI by accessing eASY.KSEI menu, Login eASY.KSEI
                submenu in the AKSes facility (https://akses.ksei.co.id/).


     7.         Prior to participating in the Meeting, shareholders must first read the terms presented in this
                Invitation, as well as other stipulations related to Meeting as authorized by the Company. Other
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      terms can be found in the attached document on the ‘Meeting Info’ feature provided in the
      eASY.KSEI and/or Meeting invitations posted at the websites of the respective Company. The
      Company retains the rights to authorize more terms in relation to shareholders or shareholder
      representatives’ physical participation in the Meeting.


8.    Shareholders who wish to physically attend the Meeting or exercise their voting rights through the
      eASY.KSEI, must first inform their attendance or the attendance of their appointed representatives,
      and/or submit their votes through the eASY.KSEI.


9.    The deadline for declaring attendance, appointing representatives, or submitting votes through the
      eASY.KSEI is set at 12:00 pm Western Indonesian Time (WIB) 1 (one) business day before the
      Meeting’s date.


10.   Prior to entering the Meeting room, all shareholders or their representatives who wish to physically
      participate in the meeting must first fill in the attendance list and show original proofs of identity.


11.   The Meeting will be held as efficiently as possible without reducing the validity of the Meeting in
      accordance with the provisions of POJK No. 15/2020. The Shareholders who are unable to attend
      the Meeting and will give power of attorney to attend the Meeting (non-electronically), can provide
      the power of attorney to attend the Meeting, with the following conditions:

          a.    The format of the power of attorney can be downloaded on the Company's website
                as of the date of the summons to the Meeting and the power of attorney must be filled in
                according to the instructions stipulated therein and submitted to the Board of Directors of
                the Company through PT BIMA REGISTRA as the Company's Securities Administration
                Bureau (“BAE”), no later than before 16:00 Western Indonesia Time, June 7, 2024,
                namely 1 (one) business days before the Meeting is held;

          b.    For the Company’s shareholders who signed the power of attorney abroad, the pertaining
                power of attorney must be legalized by the Indonesian Embassy/Consulate General of the
                Republic of Indonesia in the local country;


12.   For Shareholders (individual/legal entity)/Proxies who are physically present, are requested to bring
      the following documents:

          a.    For individual Shareholder, copy of                  valid   personal        identification
                (Residential Identity Card/KTP or passport);

          b.    For legal entity Shareholder, copy of its articles of association and any amendments
                thereto, together with the latest composition of the management, and Single Business
                Number (NIB)/Tax Identification Number (NPWP);

          c.    For Proxy, a valid power of attorney enclosed with a copy of respective identification
                documents of the authorizer and the attorney.


13.   Shareholders who wish to attend or authorize a representative to attend the Meeting electronically
      through the eASY.KSEI must consider the following points:


         a.    Registration Process:
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  i.   Local individual shareholders who have not provided their
       attendance declaration before the deadline mentioned on item 9, but
       wish to attend the Meeting electronically, must first register their
       attendance through the eASY.KSEI during the date of the Meeting
       and before the time that the Company ends the Meeting's electronic
       registration;


 ii.   Local individual shareholders who have provided their attendance
       declaration but have not submitted their vote on a minimum of 1 (one)
       of the Meeting agendas through the eASY.KSEI before the deadline
       mentioned on item 9 and wish to attend the Meeting electronically,
       must first register their attendance through the eASY.KSEI during
       the date of the Meeting and before the time that the Company ends
       the Meeting's electronic registration;


iii.   Shareholders who have authorized the Company’s Independent
       Representative or an Individual Representative but have not
       submitted their vote on a minimum of 1 (one) of the Meeting agendas
       through the eASY.KSEI before the deadline mentioned on item 9 and
       wish to attend the Meeting electronically must first register their
       attendance through the eASY.KSEI during the date of the Meeting
       and before the time that the Company ends the Meeting's electronic
       registration;


iv.    Shareholders who have authorized an Intermediary Participant
       Representative (Custodian Bank or Securities Company) and have
       submitted their vote through the eASY.KSEI before the deadline
       mentioned on item 9 are required to request their registered
       representatives in the eASY.KSEI to register their attendance
       through the eASY.KSEI during the date of the Meeting before the
       time that the Company ends the Meeting's electronic registration;


v.     Shareholders who have submitted their attendance declaration or
       authorized a Company-appointed Independent Representative or
       Individual Representative and have provided their votes for a
       minimum of 1 (one) of the Meeting agendas through the eASY.KSEI
       before the deadline mentioned on item 9 do not need to electronically
       register their attendance through the eASY.KSEI on the Meeting’s
       date. Shares’ ownership will be automatically calculated as an
       attendance quorum and submitted votes will be automatically counted
       during the Meeting’s voting process;


vi.    Lateness or electronic registration failures, as mentioned in points
       number i - iv, for whatever reason that cause shareholders or their
       representatives to not be able to electronically attend the Meeting,
       will prevent their shares from being counted as a quorum for the
       Meeting;
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b.   Electronic Statements or Opinions Submission Process:


               i.        Shareholders or their representatives are provided 3 (three)
                         opportunities to present their questions and/or opinions in discussion
                         in each Meeting agendas. Questions and/or opinions on each of the
                         Meeting agendas can be submitted in writing by the Shareholders or
                         their representatives through the chat feature in the ‘Electronic
                         Opinions’ made available in the E-Meeting Hall screen of the
                         eASY.KSEI. Questions and/or opinions can be given as long as the
                         Meeting’s status in the ‘General Meeting Flow Text’ status is written
                         as “Discussion started for agenda item no. [ ]”;


              ii.        The mechanism of handling questions and/or opinions through
                         'Electronic Opinion' screen in the eASY.KSEI is determined by the
                         Company and will be stipulated by the Company in the Meeting
                         Guidelines through the eASY.KSEI;


              iii.       Shareholders’ representatives who electronically attend the Meeting
                         and submit a question and/or opinion during a discussion session of
                         one of the Meeting agendas are required to type in the name of the
                         shareholder and amount of shares they represent first before they
                         write their respective questions and/or opinions;


c.   Voting Process:


               i.        The voting process will be conducted electronically through the E-
                         Meeting Hall menu, Live Broadcasting submenu of the eASY.KSEI;


              ii.        Shareholders or their representatives who have not submitted their
                         votes on the particular Meeting agenda, as mentioned in item 13 letter
                         a number i - iii, are given an opportunity to submit their votes as the
                         Company opens the voting period in the          E-Meeting Hall screen
                         of the eASY.KSEI. After the electronic voting period for one of the
                         Meeting agendas is started, the system will automatically count down
                         the voting time by a maximum of 5 (five) minutes. During the
                         electronic voting time, a “Voting for Agenda item no [ ] has started”
                         status would be displayed at the ‘General Meeting Flow Text’
                         column. Shareholders or their representatives who have not submitted
                         their votes during a specific Meeting agenda after the ‘General
                         Meeting Flow Text’ column’s status has changed to “Voting for
                         Agenda item no [ ] has ended” will be considered to give an Abstain
                         vote for the related Meeting agenda;


              iii.       The voting time in th electronic voting process is a standardized time
                         set by the eASY.KSEI. Voting time for each of Meeting agendas
                         (with a maximum of five minutes per Meeting agenda) and will be
                         stipulated in the Meeting Guidelines through the eASY.KSEI;
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        d.     Live Broadcast of the Meeting:


                         i.        Shareholders or their representatives who have been registered in the
                                   eASY.KSEI no later than the deadline mentioned on item 9 can watch
                                   the Meeting live via Zoom in webinar format by accessing the
                                   eASY.KSEI menu, submenu Tayangan RUPS in the AKSes facility
                                   (https://akses.ksei.co.id/);


                        ii.        Tayangan RUPS has a capacity of 500 participants provided in a first
                                   come, first serve basis. Shareholders or their representatives who
                                   could not be accommodated in the Meeting’s broadcast are still
                                   considered to have electronically attended the Meeting and their share
                                   ownerships and votes are still counted, as long as they have registered
                                   through the eASY.KSEI, as specified above in item 13 letter a
                                   number i - v;


                        iii.       Shareholders or their representatives who only watch the Meeting
                                   through Tayangan RUPS but were not electronically registered as
                                   participants in the eASY.KSEI, as specified above in item 13 letter a
                                   number i - v, will not be considered as a legal participant and are not
                                   counted as part of the Meeting’s quorum;


                       iv.         Shareholders or their representatives who watch the Meeting through
                                   Tayangan RUPS can use the raise hand feature to submit questions
                                   and/or opinions during the discussion sessions for each of the Meeting
                                   agendas. Shareholders or their representatives can directly ask
                                   questions or voice their opinions if the Company has allowed and
                                   activated the allow to talk feature. Mechanisms for discussion on each
                                   of the Meeting agendas, including the use of the allow to talk feature
                                   in Tayangan RUPS are determined by the Company and will be
                                   stipulated by the Company in the Meeting Guidelines through the
                                   eASY.KSEI;


                        v.         Shareholders or their representatives are encouraged to use the
                                   Mozilla Firefox browser for the best experience in using the
                                   eASY.KSEI and/or Tayangan RUPS.




14.   The Shareholders of the Company are not entitled to grant power of attorney to more than one
      proxy for a portion of the total shares they own with a different vote, except:

          a.   Custodian Bank or Securities Company as Custodian representing its clients who own the
               shares of the Company;
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b.   Investment Managers who represent the interests of the Mutual Funds they manage.


                   South Tangerang City, May 17, 2024
                           Board of Directors
                    PT ESTA MULTI USAHA Tbk

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linked org ESTA MULTI USAHA Tbk p.1 ×8
unresolved org Financial Services Authority p.1 ×2
unresolved org PT BIMA REGISTRA p.3

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