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Page 1
ANNOUNCEMENT
2 May 2024

                                            ANNOUNCEMENT OF THE MINUTES SUMMARY OF
                                            ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                             PT ASURANSI TUGU PRATAMA INDONESIA Tbk

                In order to comply with the provisions of Article 49 paragraph (1) and Article 51 of the Financial Services
                Authority Regulation No. 15/POJK.04/2020 concerning the Plan and Organizing of the General Meeting of
                Shareholders of Public Company, the Board of Directors of PT Asuransi Tugu Pratama Indonesia Tbk
                (hereinafter referred to as the “Company”) hereby notifies the Shareholders, that the Company has held an
                Annual General Meeting of Shareholders (hereinafter referred to as the “Meeting”), with the detail as
                follow:

                 A.   The Meeting was held on:
                      Day / Date            : Monday/29 April 2024
                      Time                  : 02.54 – 04.15 pm (Western Indonesia Time)
                      Venue                 : Function Hall PT Asuransi Tugu Pratama Indonesia Tbk,
                                                Wisma Tugu I, 1st Floor, Jl. HR. Rasuna Said Kavling C8-9, Jakarta 12920.
                      Meeting Agendas       :
                                              1. Approval of the 2023 financial year Annual Report of the Company,
                                                 accompanied by granting of full release and discharge (volledig
                                                 acquit et de-charge) to the Board of Directors and the Board of
                                                 Commissioners of the Company.
                                              2. Determination of the appropriation of the Company’s net profits for
                                                 2023 financial year.
                                              3. Appointment of the Company’s Public Accountant Firm for 2024
                                                 financial year.
                                              4. Determination of tantiem for 2023 financial year to the Board of
                                                 Directors and the Board of Commissioners of the Company and
                                                 remuneration for 2024 financial year for the Board of Directors,
                                                 the Board of Commissioners, and Sharia Supervisory Board of the
                                                 Company.
                                              5. Approval of the accountability report on the utilization of proceeds
                                                 from Initial Public Offering.
                                              6. Approval of the changes in the management composition of the
                                                 Company.


                B.    Members of the Board of Directors and Board of Commissioners present at the Meeting:

                      BOARD OF COMMISSIONERS
                      President Commissioner & Independent Commissioner                : Dian Masyita
                      Commissioner                                                     : Bagus Agung Rahadiansyah
                      Commissioner                                                     : Samuel Ramna
                      Independent Commissioner                                         : Tajudin Noor
                      Independent Commissioner                                         : Poerwo Tjahjono


                      BOARD OF DIRECTORS
                      President Director                                               : Tatang Nurhidayat
                      Finance & Corporate Services Director                            : Emil Hakim
                      Technical Director                                               : Sudarlin
                      Insurance Marketing Director                                     : Ery Widiatmoko
                      Compliance & Risk Management Director                            : Edi Yoga Prasetyo




   PT Asuransi Tugu Pratama Indonesia Tbk            Head Office:                                     t. +6221 529 61777 (hunting)
   a member of PERTAMINA                             Wisma Tugu I                                     f. +6221 529 61555 • +6221 529 62555
                                                     Jl. H.R. Rasuna Said Kav. C 8-9                  e. enquiry@tugu.com • claim@tugu.com
                                                     Jakarta 12920, Indonesia                         www.tugu.com
Page 2
ANNOUNCEMENT
2 May 2024


                C.    The meeting was attended by 3,035,301,690 shares with legal voting rights or 85.3673788% of all
                      shares with legal voting rights issued by the Company.

                D.    In the Meeting the Shareholders and/or their proxies are given the opportunity to ask questions
                      and/or provide opinions regarding the Meeting agendas.

                E.    Agenda 1                : there are no questions
                      Agenda 2                : there are no questions
                      Agenda 3                : there are no questions
                      Agenda 4                : there are no questions
                      Agenda 5                : there are no questions
                      Agenda 6                : there are no questions

                F.    The decision-making mechanism in the Meeting is as follows:
                      Meeting decisions are made based on deliberation for consensus. In the event of mutual
                      deliberation for consensus is not reached, the decisions are made through voting. The decision is
                      valid if it is approved by more than 1/2 (one half) of all shares with voting rights present at the
                      Meeting.

                 G. The meeting resolutions through voting mechanism:

                      AGENDA 1:

                                   Approved                              Abstain                     Disapproved

                        3,027,161,450            votes     8,140,140        votes       or   100 votes or 0.0000033% of
                        99.7318145% of the total           0.2681822% of the total           the total shares with legal
                        shares with legal voting rights    shares with legal voting rights   voting rights present at the
                        present at the Meeting             present at the Meeting            Meeting


                     The Resolution of Agenda 1:

                     1. Approved the Company's Annual Report including the Board of Commissioners Supervisory
                        Report and ratified the Company's Consolidated Financial Statements for the financial
                        year ended 31 December 2023, which reflected in the consolidated statement of financial
                        position and income statement and other comprehensive income of the Company with its
                        explanations which have been audited by the Public Accounting Firm Amir Abadi Jusuf,
                        Aryanto, Mawar and Partners according to report No. 00229/2.1030/AU.1/08/1298-
                        2/1/III/2024 dated 22 March 2024 with the opinion "Fairly stated in all material
                        respects".

                     2. Upon the approval of the Company's Annual Report including the Board of Commissioners
                        Supervisory Report and the ratification of the Company's Consolidated Financial
                        Statements for the Financial Year ended 31 December 2023, the Meeting granted full
                        release and discharge of responsibility (volledig acquit et de charge) to the Board of
                        Directors for management actions, to the Board of Commissioners for the supervisory
                        actions that have been carried out in the financial year ended 31 December 2023 as long
                        as:
                         a. These actions are reflected in the Company's Annual Report (including consolidated
                             Financial Statements) for the year ended December 2023.
                         b. These actions are not criminal acts and/or unlawful act.




   PT Asuransi Tugu Pratama Indonesia Tbk              Head Office:                              t. +6221 529 61777 (hunting)
   a member of PERTAMINA                               Wisma Tugu I                              f. +6221 529 61555 • +6221 529 62555
                                                       Jl. H.R. Rasuna Said Kav. C 8-9           e. enquiry@tugu.com • claim@tugu.com
                                                       Jakarta 12920, Indonesia                  www.tugu.com
Page 3
ANNOUNCEMENT
2 May 2024


                     AGENDA 2:

                                     Approved                          Abstain                      Disapproved

                        3,030,166,990            votes    5,134,600        votes       or   100 votes or 0.0000033% of
                        99.8308339% of the total          0.1691628% of the total           the total shares with legal
                        shares with legal voting rights   shares with legal voting rights   voting rights present at the
                        present at the Meeting            present at the Meeting            Meeting


                     The Resolution of Agenda 2:

                     1. Determine the Use of Income for the Year attributable to equity holders of the parent entity
                        for the Financial Year ended 31 December 2023 amounted to Rp1,322,393,811,000 as
                        follows:
                        a. 40% of the Income for the Year attributable to equity holders of the parent entity or
                             Rp528,957,524,400 as dividends to shareholders in accordance to their respective
                             shares ownership portion, with the following detail :
                                 i.  Rp90,710,513,158 has been paid in accordance with the Announcement to
                                     Shareholders regarding the Distribution of Interim Dividends on 28 November
                                     2023; and
                                ii.  Will be paid in cash amounting to Rp438,247,011,242.

                                Dividens payment to shareholders must be paid before Tantiem payment for the
                                Company’s Board of Directors and Board of Commissioners.

                          b.   60% of the Income for the Year attributable to equity holders of the parent entity or
                               Rp793,436,286,600 as retained earnings.

                     2. Grants the power and authority to the Board of Directors of the Company to arrange the
                        cash dividend payment distribution procedure no later than 30 days after the
                        announcement of the summary of the Company's Annual GMS.



                      AGENDA 3:

                                     Approved                          Abstain                      Disapproved

                        3,019,449,639            votes    5,134,600        votes       or   10,717,451        votes      or
                        99.4777438% of the total          0.1691628% of the total           0.3530934% of the total
                        shares with legal voting rights   shares with legal voting rights   shares with legal voting rights
                        present at the Meeting            present at the Meeting            present at the Meeting




   PT Asuransi Tugu Pratama Indonesia Tbk           Head Office:                                t. +6221 529 61777 (hunting)
   a member of PERTAMINA                            Wisma Tugu I                                f. +6221 529 61555 • +6221 529 62555
                                                    Jl. H.R. Rasuna Said Kav. C 8-9             e. enquiry@tugu.com • claim@tugu.com
                                                    Jakarta 12920, Indonesia                    www.tugu.com
Page 4
ANNOUNCEMENT
2 May 2024



                     The Resolution of Agenda 3 :

                      Grants the authority and power to the Board of Commissioners of the Company to appoint a Public
                      Accounting Firm to perform audit on the Company's Financial Statements for the financial year
                      ending on 31 December 2024 including the amount of the service fee, in accordance with applicable
                      rules and regulations, including appointing a replacement if for any reason based on the provisions of
                      the capital market in Indonesia the appointed Public Accounting Firm is unable to carry out its duties,
                      with the criteria that the Public Accounting Firm is registered in the Financial Services Authority, and
                      by coordinating beforehand to the Controlling Shareholder, in this case is PT Pertamina (Persero).



                      AGENDA 4:

                                     Approved                            Abstain                       Disapproved

                        3,030,166,990            votes      5,134,600        votes       or   100 votes or 0.0000033% of
                        99.8308339% of the total            0.1691628% of the total           the total shares with legal
                        shares with legal voting rights     shares with legal voting rights   voting rights present at the
                        present at the Meeting              present at the Meeting            Meeting



                     Resolution of Agenda 4 :

                     1. Tantiem
                        Grants the power and authority to the Company's Board of Commissioners with prior
                        approval from PT Pertamina (Persero) as the controlling shareholder to determine
                        Performance Rewards (Tantiem/Performance Incentives/Special Incentives) for members
                        of the Company's Board of Directors and Board of Commissioners for the 2023 financial
                        year.
                     2. Remuneration
                        Grants the power and authority to the Company's Board of Commissioners with prior
                        approval from PT Pertamina (Persero) as the controlling shareholder to determine the
                        amount of salary/honorarium, allowances and facilities for members of the Board of
                        Directors, the Board of Commissioners, and the Sharia Supervisory Board (DPS) of the
                        Company for the 2024 financial year.

                          The Company is obliged to submit report in writing to PT Pertamina (Persero) as the
                          controlling shareholder regarding the implementation of the 2023 Performance Rewards
                          (Tantiem/Performance Incentives/Special Incentives) to the Board of Directors and Board
                          of Commissioners, as well as the 2024 Remuneration determination for the Board of
                          Directors, Board of Commissioners, and the Sharia Supervisory Board (DPS) no later than
                          3 (three) months after implementation.




   PT Asuransi Tugu Pratama Indonesia Tbk             Head Office:                                 t. +6221 529 61777 (hunting)
   a member of PERTAMINA                              Wisma Tugu I                                 f. +6221 529 61555 • +6221 529 62555
                                                      Jl. H.R. Rasuna Said Kav. C 8-9              e. enquiry@tugu.com • claim@tugu.com
                                                      Jakarta 12920, Indonesia                     www.tugu.com
Page 5
ANNOUNCEMENT
2 May 2024


                         AGENDA 5:

                                     Approved                              Abstain                        Disapproved

                          3,030,166,990            votes        5,134,600        votes       or   100 votes or 0.0000033% of
                          99.8308339% of the total              0.1691628% of the total           the total shares with legal
                          shares with legal voting rights       shares with legal voting rights   voting rights present at the
                          present at the Meeting                present at the Meeting            Meeting



                     Resolution of Agenda 5 :

                     Approved the Accountability Report of the Realization of the Use of Proceeds from the Public Offering:

                     -      The total of proceeds obtained amounted to Rp684,444,530,000.00

                     -      The total emission cost amounted to Rp25,742,358,837.00

                     -      The realization of the        use     of   proceeds     that   have   been   used    amounted     to
                            Rp586,091,519,814.10

                    The remaining funds amounted to Rp72,610,651,348.90 and the reason it has not been realized is
                    that all activities mentioned in the prospectus are carried out in stages.

                    The Company will realize the remaining funds from the Initial Public Offering of Rp72,610,651,348.90
                    in 2024 or the following year while considering the compliance to applicable laws and regulations and
                    GCG principles.

                         AGENDA 6:

                                     Approved                              Abstain                        Disapproved

                          2,993,279,604            votes        5,471,900        votes       or   36,550,186        votes      or
                          98.6155549% of the total              0.1802753% of the total           1.2041698% of the total
                          shares with legal voting rights       shares with legal voting rights   shares with legal voting rights
                          present at the Meeting                present at the Meeting            present at the Meeting



                     Resolution of Agenda 6 :

                     1.     Honorably discharged Mrs. Dian Masyita as of the closing of the Meeting with appreciation for all
                            the contributions, energy and thoughts given while serving as President Commissioner and
                            Independent Commissioner.

                     2.     Re-appointed Mr. Emil Hakim as Finance and Corporate Services Director starting from the
                            closing of the Meeting until the closing of the 3rd (third) Annual General Meeting of Shareholders
                            (GMS) at the end of 1 (one) period term of office referred with due observance of the Company's
                            Articles of Association and applicable laws and regulations, however, does not reduce the right of
                            the GMS to dismiss members of the Board of Directors at any time before their term of office
                            ends.




   PT Asuransi Tugu Pratama Indonesia Tbk               Head Office:                                  t. +6221 529 61777 (hunting)
   a member of PERTAMINA                                Wisma Tugu I                                  f. +6221 529 61555 • +6221 529 62555
                                                        Jl. H.R. Rasuna Said Kav. C 8-9               e. enquiry@tugu.com • claim@tugu.com
                                                        Jakarta 12920, Indonesia                      www.tugu.com
Page 6
ANNOUNCEMENT
2 May 2024

                     3.   Appointed Mr. Abdul Ghofar as President Commissioner and concurrently Independent
                          Commissioner effective from the date of the Financial Services Authority (OJK) Fit and Proper Test
                          Results and until the closing of the 3rd (third) Annual GMS at the end of 1 (one) period term of
                          office with due observance to the Company's Articles of Association and applicable laws and
                          regulations, however, does not reduce the right of the GMS to dismiss the Commissioner at any
                          time before their term of office ends.

                     4.   For the appointed members of the Board of Commissioners and the Board of Directors as
                          mentioned above in point 2 (two) and 3 (three), member of the Board of Commissioners, and
                          member of the Board of Directors who are still serving in other positions that are prohibited by
                          laws and regulations to be held concurrently with the positions of members of the Board of
                          Commissioners and the Board of Directors then those concerned must resign or be dismissed
                          from that position.

                     5.    With the dismissal and appointment of the Board of Commissioners and the Board of
                          Directors as mentioned above in point 1 (one), 2 (two), and 3 (three), the composition of
                          the membership of the Board of Commissioners and the Board of Directors of PT Asuransi
                          Tugu Pratama Indonesia Tbk. is as follows :


                          BOARD OF COMMISSIONERS
                          President Commissioner/Independent Commissioner : Abdul Ghofar*
                          Commissioner                                    : Bagus Agung Rahadiansyah
                          Commissioner                                    : Samuel Ramna
                          Independent Commissioner                        : Poerwo Tjahjono
                          Independent Commissioner                        : Tajudin Noor

                          *) Waiting for the fit and proper test result from Financial Services Authority (OJK).

                          BOARD OF DIRECTORS
                          President Director                                              : Tatang Nurhidayat
                          Financial & Corporate Service Director                          : Emil Hakim
                          Insurance Marketing Director                                    : Ery Widiatmoko
                          Technical Director                                              : Sudarlin
                          Compliance & Risk Management Director                           : Edi Yoga Prasetyo

                          Grants the power of attorney with substitution rights to the Board of Directors of the Company to
                          take all necessary actions related to the decisions of this Agenda in accordance with the
                          prevailing laws and regulations, including to declare in a separate Notary Deed and notify the
                          change in the composition of the Board of Directors and Board of Commissioners of the Company
                          to the Ministry of Law and Human Rights.


                                                              Jakarta, 2 May 2024

                                                PT ASURANSI TUGU PRATAMA INDONESIA Tbk
                                                         The Board of Directors




   PT Asuransi Tugu Pratama Indonesia Tbk               Head Office:                                     t. +6221 529 61777 (hunting)
   a member of PERTAMINA                                Wisma Tugu I                                     f. +6221 529 61555 • +6221 529 62555
                                                        Jl. H.R. Rasuna Said Kav. C 8-9                  e. enquiry@tugu.com • claim@tugu.com
                                                        Jakarta 12920, Indonesia                         www.tugu.com

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Names mentioned 14 people and organisations named in the text · linked when the evidence is strong

linked person Dian Masyita p.1 ×2
linked person Bagus Agung Rahadiansyah p.1 ×2
linked person Poerwo Tjahjono p.1 ×2
linked person Tatang Nurhidayat p.1 ×2
linked person Emil Hakim p.1 ×3
linked person Ery Widiatmoko p.1 ×2
linked person Amir Abadi Jusuf p.2
possible person Tajudin Noor p.1 ×2
possible person Edi Yoga Prasetyo p.1 ×2
possible org PT Pertamina (Persero) p.4 ×4
unresolved org Financial Services Authority p.1 ×4
unresolved person Appointed Mr. Abdul Ghofar · President Commissioner p.6 ×3
unresolved org Ministry of Law and Human Rights. p.6

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