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Page 1
                                          PEMANGGILAN
                              RAPAT UMUM PEMEGANG SAHAM TAHUNAN
                                     PT SEMEN BATURAJA Tbk

Direksi PT Semen Baturaja Tbk (“Perseroan”) dengan ini mengundang Para Pemegang Saham Perseroan
untuk menghadiri Rapat Umum Pemegang Saham Tahunan (“Rapat”) yang akan diselenggarakan pada:

       Hari/Tanggal     : Rabu / 29 Mei 2024
       Waktu            : Pukul 14:00 WIB - selesai
       Tempat           : The Lounge, Lt. 18 The East Tower - Mega Kuningan Jakarta

Dengan Mata Acara Rapat sebagai berikut:
1. Persetujuan Laporan Tahunan dan Pengesahan Laporan Keuangan Perseroan, Persetujuan Laporan
   Tugas Pengawasan Dewan Komisaris Tahun Buku 2023, termasuk Pengesahan Penyajian Kembali
   (Restatement) Laporan Keuangan Konsolidasian Tahun Buku 2022 serta Pengesahan Laporan Keuangan
   Program Pendanaan Usaha Mikro dan Usaha Kecil (PUMK) Tahun Buku 2023 sekaligus pemberian
   pelunasan dan pembebasan tanggung jawab sepenuhnya (volledig acquit et de charge) kepada Direksi
   dan Dewan Komisaris Perseroan atas Tindakan pengurusan dan pengawasan yang telah dijalankan
   selama Tahun Buku 2023;
2. Penetapan penggunaan Laba Bersih Perseroan untuk Tahun Buku 2023;
3. Penetapan Gaji/Honorarium berikut Fasilitas dan Tunjangan untuk Direksi dan Dewan Komisaris
   Perseroan Tahun Buku 2024, serta Tantiem/Insentif Kinerja/Insentif Khusus untuk Direksi dan Dewan
   Komisaris Perseroan atas Kinerja Tahun Buku 2023;
4. Penunjukan Kantor Akuntan Publik untuk mengaudit Laporan Keuangan Konsolidasian Perseroan Tahun
   Buku 2024 dan Laporan Keuangan Program Pendanaan Usaha Mikro dan Usaha Kecil Tahun Buku 2024;
5. Pembahasan Studi Kelayakan tentang penambahan bidang usaha Perseroan atas Pasal 3 Ayat (2)
   Anggaran Dasar Perseroan dengan merujuk dan sesuai dengan Peraturan Otoritas Jasa Keuangan
   Nomor 17/POJK.04/2020 tentang Transaksi Material dan Perubahan Kegiatan Usaha;
6. Perubahan Anggaran Dasar Perseroan;
7. Perubahan Susunan Pengurus Perseroan.

Penjelasan Agenda / Mata Acara Rapat:
1. Mata Acara Rapat ke-1 sesuai dengan (i) Pasal 66 dan 69 Undang-Undang Nomor 40 Tahun 2007 tentang
   Perseroan Terbatas; (ii) Pasal 33 Peraturan Menteri BUMN Nomor PER-1/MBU/03/2023 tentang
   Penugasan Khusus dan Program Tanggung Jawab Sosial dan Lingkungan Badan Usaha Milik Negara; (iii)
   Pasal 218 Ayat (2) dan Pasal 219 Peraturan Menteri BUMN Nomor PER-2/MBU/03/2023 tentang Pedoman
   Tata Kelola dan Kegiatan Korporasi Signifikan Badan Usaha Milik Negara; (iv) Pasal 12 Ayat (2) huruf b
   angka 8, Pasal 18 Ayat (5) dan Pasal 21 Ayat (3) Anggaran Dasar Perseroan;
2. Mata Acara Rapat ke-2 sesuai dengan (i) Pasal 70 dan 71 Undang-Undang Nomor 40 Tahun 2007 tentang
   Perseroan Terbatas; (ii) Pasal 5 Ayat (4) huruf c.1.8, Pasal 21 Ayat (2) huruf b, Pasal 26 Ayat (1) dan (2)
   Anggaran Dasar Perseroan;
3. Mata Acara Rapat ke-3 sesuai dengan (i) Pasal 96 dan 113 Undang-Undang Nomor 40 Tahun 2007
   tentang Perseroan Terbatas; (ii) Peraturan OJK Nomor 34/POJK.04/2014 tentang Komite Nominasi dan
   Remunerasi Emiten atau Perusahaan Publik; (iii) Pasal 76 - 109 Peraturan Menteri BUMN Nomor PER-
   3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia Badan Usaha Milik Negara; (iv) Pasal 5 Ayat (4)
Page 2
   huruf c.1.5, Pasal 11 Ayat (19) dan Pasal 14 Ayat (30) Anggaran Dasar Perseroan.
4. Mata Acara Rapat ke-4 sesuai dengan (i) Pasal 68 Undang-Undang Nomor 40 Tahun 2007 tentang
   Perseroan Terbatas; (ii) Pasal 3 Peraturan OJK Nomor 9 Tahun 2023 tentang Penggunaan Jasa Akuntan
   Publik dan Kantor Akuntan Publik dalam Kegiatan Jasa Keuangan; (iii) Pasal 21 Ayat (2) huruf c Anggaran
   Dasar Perseroan;
5. Mata Acara Rapat ke-5 sesuai dengan (i) Pasal 22 Ayat (3) Peraturan OJK Nomor 17/POJK.04/2020
   tentang Transaksi Material dan Perubahan Kegiatan Usaha; (ii) Surat SIG kepada Dekom SMBR Nomor
   002720/KU/SPE/50000793/2000/12.2023 tanggal 20 Desember 2023 perihal Instruksi sekaligus
   Persetujuan Pemegang Saham Seri B Terbanyak terkait Implementasi Skema Royalti Anak Perusahaan
   Pemilik Brand dengan SIG; (iii) Surat Dewan Komisaris PT Semen Baturaja Tbk Nomor S-01/DK-SB/I/2024
   tanggal 5 Januari 2024 perihal Usulan Agenda RUPS Tahunan Tahun 2024 PT Semen Baturaja Tbk
   tentang Perubahan Anggaran Dasar Perusahaan.
6. Mata Acara Rapat ke-6 sesuai dengan (i) Pasal 19 Ayat (1) dan ayat (2) Undang-Undang Nomor 40 Tahun
   2007 tentang Perseroan Terbatas; (ii) Pasal 22 Ayat (3) Peraturan OJK Nomor 17/POJK.04/2020 tentang
   Transaksi Material dan Perubahan Kegiatan Usaha; (iii) Surat Dewan Komisaris PT Semen Baturaja Tbk
   Nomor S-01/DK-SB/I/2024 tanggal 5 Januari 2024 perihal Usulan Agenda RUPS Tahunan Tahun 2024 PT
   Semen Baturaja Tbk tentang Perubahan Anggaran Dasar Perusahaan; (iv) Surat SIG kepada Dekom
   SMBR Nomor 002720/KU/SPE/50000793/2000/12.2023 tanggal 20 Desember 2023 perihal Instruksi
   sekaligus Persetujuan Pemegang Saham Seri B Terbanyak terkait Implementasi Skema Royalti Anak
   Perusahaan Pemilik Brand dengan SIG; (v) Pasal 25 Ayat (5) dan Pasal 28 Anggaran Dasar Perseroan;
7. Mata Acara Rapat ke-7 sesuai dengan (i) Pasal 8 dan Pasal 27 Peraturan OJK Nomor 33/POJK.04/2014
   tentang Direksi dan Dewan Komisaris Emiten atau Perusahan Publik; (ii) Pasal 66, Pasal 69, dan Pasal 75
   Peraturan Menteri BUMN Nomor PER-3/MBU/03/2023 tentang Organ dan Sumber Daya Manusia Badan
   Usaha Milik Negara; (iii) Pasal 11 Ayat (13), Pasal 14 Ayat (12) dan Ayat (15) Anggaran Dasar Perseroan.

Catatan :
1. Pemanggilan ini berlaku sebagai undangan resmi, sehingga Perseroan tidak mengirimkan undangan
    Rapat tersendiri kepada pemegang saham;
2. Pemegang saham yang berhak hadir atau diwakili dalam Rapat adalah pemegang saham yang namanya
    tercatat dalam Daftar Pemegang Saham Perusahaan atau sesuai dengan catatan saldo rekening efek di
    PT Kustodian Sentral Efek Indonesia (“KSEI”) tanggal 6 Mei 2024 pukul 16.00 WIB;
3. Perseroan akan menyelenggarakan Rapat secara elektronik dan fisik terbatas (hybrid) di mana pemegang
    saham yang tidak dapat hadir dalam Rapat dapat menunjuk seorang wakilnya yang sah dengan
    memberikan Surat Kuasa, dengan ketentuan bahwa bagi anggota Direksi, Dewan Komisaris dan
    karyawan Perusahaan dapat bertindak selaku kuasa pemegang saham dalam Rapat, namun suara
    mereka tidak dihitung dalam pemungutan suara. Perseroan mengimbau kepada pemegang saham untuk
    hadir secara elektronik melalui eASY.KSEI yang disediakan KSEI atau dapat memberikan kuasa melalui
    fasilitas eProxy eASY.KSEI, dengan prosedur sebagai berikut:
     a. Pemegang saham harus terdaftar dalam fasilitas Acuan Kepemilikan Sekuritas KSEI (“AKSes KSEI”).
           Apabila belum terdaftar, pemegang saham dapat melakukan registrasi melalui situs web
           akses.ksei.co.id.
     b. Pemegang saham yang telah terdaftar dapat memberikan kuasanya secara elektronik melalui
           eASY.KSEI.
     c. Jangka waktu pemegang saham dapat menyampaikan kuasa dan suaranya, melakukan perubahan
           penunjukan penerima kuasa dan/atau mengubah pilihan suara, maupun pencabutan kuasa, adalah
           sejak tanggal pemanggilan Rapat hingga selambat-lambatnya 1 (satu) hari kerja sebelum tanggal
           pelaksanaan Rapat.
     d. Panduan registrasi, penggunaan, dan penjelasan lebih lanjut mengenai eASY.KSEI dapat dilihat
           pada situs web Perseroan (www.semenbaturaja.co.id), easy.ksei.co.id, dan akses.ksei.co.id;
Page 3
4.   Dalam hal pemegang saham tidak dapat mengakses eASY.KSEI dalam tautan akses.ksei.co.id,
     pemegang saham dapat mengunduh formulir Surat Kuasa pada situs web Perseroan, untuk memberikan
     kuasa dan suaranya dalam Rapat. Surat Kuasa tersebut wajib dikirimkan kepada Biro Administrasi Efek
     (“BAE”) Perseroan yaitu PT Datindo Entrycom, yang beralamat di Jl. Hayam Wuruk No. 28, Jakarta 10220,
     Telp. (021) 3508077, selambat-lambatnya 1 (satu) hari kerja sebelum tanggal pelaksanaan Rapat yaitu
     tanggal 28 Mei 2024 pukul 15.00 WIB;
5.   Pemegang saham atau kuasanya yang akan menghadiri Rapat diminta untuk menyerahkan fotokopi Kartu
     Tanda Penduduk atau tanda pengenal lainnya sebelum memasuki ruang Rapat. Bagi pemegang saham
     berbentuk Badan Hukum diminta untuk membawa fotokopi dokumen terbaru Anggaran Dasar dan
     susunan pengurus Perusahaan. Bagi pemegang saham dalam penitipan kolektif KSEI diwajibkan
     menyerahkan Konfirmasi Tertulis Untuk Rapat, yang dapat diperoleh di kantor BAE atau bank kustodian
     pemegang saham membuka rekening efeknya;
6.   Bahan-bahan yang akan dibicarakan dalam Rapat (“Bahan Rapat”) dapat diunduh pada situs web
     Perseroan sejak tanggal Pemanggilan ini. Perseroan tidak menyediakan Bahan Rapat dalam bentuk
     hardcopy maupun softcopy (flash disk);
7.   Untuk pengaturan dan tertibnya Rapat, pemegang saham atau kuasanya dimohon dengan hormat agar
     hadir di tempat Rapat selambat-lambatnya 30 menit sebelum Rapat dimulai.


                                           Jakarta, 7 Mei 2024
                                         PT Semen Baturaja Tbk
                                                 Direksi
Page 4
                                            INVITATION
                             ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                      PT SEMEN BATURAJA Tbk

The Board of Directors of PT Semen Baturaja Tbk (“Company”) hereby invites the Shareholders of the
Company to attend to the Annual General Meeting of Shareholders (“Meeting”) which will be held on:

       Day/Date          : Wednesday / May 29th, 2024
       Time              : 2.00 p.m. Western Indonesia Time - Closing
       Venue             : The Lounge, Floor 18th The East Tower - Mega Kuningan Jakarta

With the meeting Agendas are as follows:
1. Approval of the Company’s Annual Report and Ratification of the Company Financial Statements,
    Approval of the Supervisory Report of the Board of Commissioners for the Financial Year of 2023,
    including Approval of the Restatement of the Consolidated Financial Statements for the Financial Year of
    2022, as well as Ratification of the Financial Statement of the Micro and Small Business Funding Program
    for the Financial Year of 2023, as well as granting full release and discharge of all responsibilities (volledig
    acquit et de charge) to the Board of Directors and Board of Commissioners of the Company for the
    management and supervisory actions that has been carried out during the Financial Year of 2023;
2. Determination of the use of the Company's Net Profit for the Financial Year of 2023;
3. Determination of Salary/Honorarium including other facilities and benefits for the Board of Directors and
    Board of Commissioners of the Company for the Financial Year of 2024 and Tantiem/Performance
    Incentive/Special Incentive for the Board of Directors and Board of Commissioners of the Company’s for
    the Financial Year of 2023;
4. Appointment of a Public Accounting Firm to audit the Company's Consolidated Financial Statements for
    the Financial Year of 2024 and the Micro and Small Business Funding Program Financial Statements for
    the Financial Year of 2024;
5. Discussion of the Feasibility Study regarding the addition of Business Activities of the Company; on Article
    3 Paragraph (2) of the Company's Articles of Association with reference to and in accordance with
    Financial Services Authority Regulation Number 17/POJK.04/2020 concerning Material Transactions and
    Changes in Business Activities;
6. Amendment of the Company’s Articles of Association;
7. Changes in the Composition of the Company’s Management.

Explanation of the Meeting Agenda:
1. Meeting Agenda No.1 is conducted in accordance with (i) Article 66 and 69 Law No.40 of 2007 on Limited
   Liability Company; (ii) Article 33 Regulation of the Minister of SOE of the Republic of Indonesia No. PER-1/
   MBU/03/2023 concerning Special Assignments and Social and Environmental Responsibility Programs for
   State-Owned Enterprises; (iii) Article 218 Paragraph (2) and Article 219 Regulation of the Minister of SOE
   of the Republic of Indonesia No. PER-2/MBU/03/2023 concerning Guidelines for Governance and
   Significant Corporate Activities of State-Owned Enterprises; (iv) Article 12 Paragraph (2) letter b.8, Article
   18 Paragraph (5) and Article 21 Paragraph (3) of Company’s Articles of Association;
2. Meeting Agenda No.2 is conducted in accordance with (i) Article 70 and 71 Law No.40 of 2007 on Limited
   Liability Company; (ii) Article 5 Paragraph (4) letter c.1.8, Article 21 Paragraph (2) letter b, Article 26
   Paragraph (1) and (2) of Company’s Articles of Association;
Page 5
3. Meeting Agenda No.3 is conducted in accordance with (i) Article 96 and 113 Law No.40 of 2007 on Limited
   Liability Company; (ii) Financial Services Authority Regulation Number 34/POJK.04/2014 concerning
   Nomination and Remuneration Committee of Listed or Public Companies, (iii) Article 76 - 109 Regulation of
   the Minister of SOE of the Republic of Indonesia No. PER-3/MBU/03/2023 concerning Organs and Human
   Resources of State-Owned Enterprises, (iv) Article 5 Paragraph (4) letter c.1.5, Article 11 Paragraph (19)
   and Article 14 Paragraph (30) of Company’s Articles of Association;
4. Meeting Agenda No.4 is conducted in accordance with (i) Article 68 Law No.40 of 2007 on Limited Liability
   Company; (ii) Article 3 Financial Services Authority Regulation Number 9 of 2023 concerning The Use of
   Public Accountant Services and Public Accounting Firms in Financial Services Activities, (iii) Article 21
   Paragraph (2) letter c of Company’s Articles of Association;
5. Meeting Agenda No.5 is conducted in accordance with (i) Article 22 paragraph (3) Financial Services
   Authority Regulation No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business
   Activities; (ii) Letter of SIG to The Board of Commissioner of PT Semen Baturaja Tbk No.
   002720/KU/SPE/50000793/2000/12.2023 dated December 20th, 2023 regarding Instructions and Approval
   of the Majority Series B Shareholders regarding the Implementation of the Royalty Scheme for Brand
   Owner Subsidiaries with SIG; (iii) Letter of The Board of Commissioner PT Semen Baturaja Tbk No. S-
   01/DK-SB/I/2024 dated January 5th, 2024 regarding The Amendment of the Company’s Articles of
   Association.
6. Meeting Agenda No.6 is conducted in accordance with Article 19 paragraph (1) and (2) Law No.40 of 2007
   on Limited Liability Company; (ii) Article 22 paragraph (3) Financial Services Authority Regulation No.
   17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities; (iii) Letter of The
   Board of Commissioner PT Semen Baturaja Tbk No. S-01/DK-SB/I/2024 dated January 5th, 2024
   regarding The Amendment of the Company’s Articles of Association; (iv) Letter of SIG to The Board of
   Commissioner PT Semen Baturaja Tbk No. 002720/KU/SPE/50000793/2000/12.2023 dated December
   20th, 2023 regarding Instructions and Approval of the Majority Series B Shareholders regarding the
   Implementation of the Royalty Scheme for Brand Owner Subsidiaries with SIG; (v) Article 25 paragraph (5)
   and Article 28 of Company’s Articles of Association.
7. Meeting Agenda No.7 is conducted in accordance with (i) Article 8 and Article 27 Financial Services
   Authority Regulation No. 33/POJK.04/2014 Concerning The Board of Directors and The Board of
   Commissioners of Issuers of Public Companies; (ii) Article 66, Article 69, and Article 75 Regulation of the
   Minister of SOE of the Republic of Indonesia No. PER-3/MBU/03/2023 concerning Organs and Human
   Resources of State Owned Enterprises; (iii) Article 11 Paragraph (13), Article 14 Paragraph (12) and
   Paragraph (15) of Company’s Articles of Association.

Notes:
1. This announcement constitutes an official invitation, therefore the Company will not send a separate
    Meeting invitation to the shareholders;
2. The shareholders entitled to attend or be represented in the Meeting are those registered in the
    Company’s Shareholder Registry or in accordance with the securities account records of PT Kustodian
    Sentral Efek Indonesia (“KSEI”) by May 6th, 2024, at 4.00 p.m;
3. The Company will hold an electronic and limited physical Meeting (hybrid) whereas the shareholders who
    are unable to attend the Meeting can appoint a valid representative by giving a Power of Attorney,
    provided that the members of the Board of Directors, Board of Commissioners and employees of the
    Company can act as the proxy of the shareholders at the Meeting. However, their votes are not counted in
    the voting process. The Company urges the shareholders to attend electronically through eASY.KSEI that
    provided by KSEI or by giving a power of attorney through the e-Proxy facility of eASY.KSEI, with the
    following procedure:
     a. The shareholders must be registered in the KSEI Securities Ownership Reference facility (“AKSes
          KSEI"). If not registered, the shareholders can register through the website akses.ksei.co.id
Page 6
     b.    Registered shareholders can give a power of attorney electronically through eASY.KSEI
     c.    The shareholders can convey their power of attorney and vote, change the proxy and/or change the
           vote, as well as revoke their power of attorney no later than 1 (one) working day prior to the date of
           the Meeting
      d. Guidelines for registration, use, and further explanation regarding eASY.KSEI can be seen on the
           Company’s website (www.semenbaturaja.co.id), easy.ksei.co.id, and akses.ksei.co.id;
4.   If the shareholders are unable to access eASY.KSEI on akses.ksei.co.id, the shareholders can download
     the Form of Power of Attorney on the Company’s website to deliver the proxy and its vote on the Meeting.
     The Power of Attorney must be submitted to the Securities Administration Bureau (“BAE”), PT Datindo
     Entrycom, at Jl. Hayam Wuruk No. 28, Jakarta 10220, Telp. (021) 3508077, no longer than one working
     day prior to the date of the Meeting, that is, on May 28th, 2024, at 3.00 p.m;
5.   The shareholders or their proxies who will attend the Meeting must submit a copy of their Identity Card
     (“KTP”) or other identification before entering the Meeting room. The shareholders that are legal entities
     must bring a copy of the latest document of the Articles of Association and the composition of the
     Company’s Management. The shareholders in KSEI collective custody must submit a Written Confirmation
     for the Meeting (“KTUR”), which can be obtained at the BAE’s office or the related custodian bank;
6.   The Materials discussed at the Meeting (“Meeting’s Material”) are available and can be downloaded on the
     Company’s website starting from the date of this Invitation. The Company will not provide the Meeting’s
     Material in hardcopy or softcopy in flash disk form;
7.   For the orderliness of the Meeting, the shareholders or their proxies are requested to be presented at the
     Meeting venue no later than 30 minutes before the start of the Meeting.


                                           Jakarta, May 7th, 2024
                                           PT Semen Baturaja Tbk
                                             Board of Directors

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Names mentioned 8 people and organisations named in the text · linked when the evidence is strong

linked org SEMEN BATURAJA Tbk p.1 ×41
possible org Otoritas Jasa Keuangan p.1
unresolved org Menteri BUMN Nomor PER- p.1 ×4
unresolved org Milik Negara p.1 ×4
unresolved org PT Kustodian Sentral Efek Indonesia p.2 ×3
unresolved org PT Datindo Entrycom p.3 ×2
unresolved org Financial Services Authority p.4 ×6
unresolved org Minister of SOE p.4 ×4

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