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20240423_ACST_Ringkasan Risalah//Risalah RUPS_31628684_lamp3.pdf

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                                   SUMMARY OF THE MINUTES OF
                             ANNUAL GENERAL MEETING OF SHAREHOLDERS
                                      PT ACSET INDONUSA Tbk

PT Acset Indonusa Tbk, a limited liability company listing all its shares on the Indonesia Stock Exchange,
domiciled in Central Jakarta (hereinafter referred to as “the Company”), hereby notify all Shareholders of
the Company that on 19 April 2024, the Company has held the Annual General Meeting of Shareholders
2023 (hereinafter referred to “Meeting”).

Pursuant to Article 49 of the Regulation of Financial Services Authority of Republic Indonesia Number
15/POJK.04/2020 dated 21 April 2020 regarding the Plan and Implementation of General Meeting of a
Public Company (hereinafter referred to as “POJK No. 15”), the Company is required to prepare a summary
of the minutes of the Meeting, in accordance with the minutes of the Meeting as set forth in the Deed of
the Minutes of Annual General Meeting of Shareholders of number 07 dated 19 April 2024 made by Raden
Mas Dendy Soebangil, S.H, M.Kn., Notary in Jakarta, as follows:

(A). Time and Venue:
     Day/Date            :    Friday, 19 April 2024
     Time                :    14.17 until 15.12 Western Indonesian Time (“WIT”)
     Venue               :    Grand Ballroom United Tractors, Jl. Raya Bekasi Km 22 Cakung,
                              East Jakarta, 13910
     Agenda of the Metting:
     1. Approval of the Annual Report 2023, including the Ratification of the Board of Commissioners’
        Supervisory Report as well as the Ratification of the Company’s Consolidated Financial
        Statements for the Financial Year 2023;
     2. Determination of the Utilization of the Company’s Net Profits for the Financial Year 2023;
     3. Appointment of Members of the Board of Directors and the Board of Commissioners of the
        Company;
     4. Determination of Remuneration and Allowances of the Board of Directors of the Company and
        Remuneration or Honorarium and Allowances of the Board of Commissioners of the Company
        for the period of 2024-2025;
     5. Appointment of a Public Accountant Firm to Conduct the Audit of the Company’s Financial
        Statements for the Financial Year 2024; and
     6. Amendment to the Article 3 of Company’s Articles of Association on Purposes and Objectives as
        well as the Business Activities.

(B). Member of the Board of Directors and Board of Commissioners who attended the Meeting:
     President Director                : IDOT SUPRIADI;
     Director                          : DAVID WIDJAJA;
     Director                          : DJOKO PRABOWO;
     Director                          : SOEHARSONO TJATUR NUGROHO;

    President Commissioner              : FRANCISCUS XAVERIUS LAKSANA KESUMA;
    Commissioner                        : IWAN HADIANTORO;
    Independent Commissioner            : WILTARSA HALIM;
    Independent Commissioner            : BUNTORO MULJONO.


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(C). The Meeting was attended by 11.130.815.451 (eleven billion one hundred thirty million eight
     hundred fifteen thousand four hundred fifty one) shares that have valid voting rights or equal to
     87.82% (eighty seven point eight two percent) of the total shares with valid voting rights issued by
     the Company.

(D). The Shareholders and/or their proxy(ies) were given opportunities to submit question and/or to
     convey opinion related to each agenda of the Meeting with the following details:

     Agenda I           : no questions being asked
     Agenda II          : no questions being asked
     Agenda III         : no questions being asked
     Agenda IV          : no questions being asked
     Agenda V           : no questions being asked
     Agenda VI          : no questions being asked

(E). Voting mechanisms in the Meeting are as follows:
     1. Resolutions of the Meeting were taken by voting, not by way of deliberation to reach unanimity,
         due to proxies granted by several Shareholders to (a) attend the Meeting and give blank votes
         (abstain) and (b) attend the Meeting and vote against the proposals;

     2. Voting mechanism was carried out verbally by raising hands by the shareholders or their proxy
        who were not in favor of the proposed resolution and then followed by those casting blank votes
        (abstain);

     3. Pursuant to Articles of Association of the Company and Article 47 of POJK No. 15, valid voting
        rights who attend the Meeting and cast blank votes (abstain), shall be deemed to have cast the
        same vote as the majority of Shareholders who cast votes.

     4. Pursuant to the Financial Services Authority Regulation Number 16/POJK.04/2020 dated 20 April
        2020 concerning the Electronic Implementation of the General Meeting of Shareholders of Public
        Companies, the Meeting was held physically and electronically using general meeting of
        shareholders electronic facilities provided by PT Kustodian Sentral Efek Indonesia, namely
        eASY.KSEI (related to the granting of power of attorney through e-Proxy and also the exercise of
        voting rights through e-Voting).




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(F). The results of the Meeting decisions made by voting and Meeting Resolutions are as follows:

     AGENDA I :
                                                                                         Total Agree
                   Agreed                 Abstained              Disagreed             (Majority Vote +
                                                                                          Abstain)

          11,128,740,451 votes or     There were       no   2,075,000 votes or      11,128,740,451 votes
          99.98135806% of all         abstentions.          0.018641941% of all     or 99.98135806% of all
          shares with voting rights                         shares with voting      shares with voting
          present at the Meeting.                           rights present at the   rights present at the
                                                            Meeting.                Meeting.


     Results of the Agenda I :
     1.      Approved and accepted the Company’s Annual Report for the Financial Year 2023, including
             ratifying the Supervisory Report of Board of Commissioners of the Company and Consolidated
             Financial Statement of the Company and its Subsidiaries for the Financial Year 2023 that has
             been audited by the Public Accounting Firm Tanudiredja, Wibisana, Rintis & Partners as stated
             in its report dated 22 February 2024, with fair opinion in all material respects; and
     2.      Upon the approval of the Company’s Annual Report and ratification of the Supervisory Report
             of Board of Commissioners and Consolidated Financial Statement of the Company and its
             Subsidiaries, rendering full release and discharge (acquit et de-charge) to all members of the
             Board of Directors and the Board of Commissioners of the Company from their management
             responsibility and supervisory duty, respectively performed during the financial year 2023, to
             the extent that those responsibilities and duties are reflected in the Annual Report and
             Consolidated Financial Statement of the Company and its Subsidiaries for the financial year
             2023.


     AGENDA II:
                                                                                        Total Agree
                   Agreed                 Abstained              Disagreed            (Majority Vote +
                                                                                         Abstain)

          11.128.764.451 votes or     There were       no   2.051.000 votes or      11.128.764.451
          99,98157368% of all         abstentions.          0,018426323% of all     votes              or
          shares with voting rights                         shares with voting      99,98157368% of all
          present at the Meeting                            rights present at the   shares with voting
                                                            Meeting.                rights present at the
                                                                                    Meeting.


     Results of the Agenda II :
     To approve that there were no dividend distributions for the financial year ended as of 31 Desember
     2023.
                                                                                                       3
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AGENDA III:
                                                                                   Total Agree
           Agreed                   Abstained               Disagreed            (Majority Vote +
                                                                                    Abstain)

  11.130.815.451 votes or      There were        no   There    were      no    11.130.815.451
  100% of all shares with      abstentions.           objections.              votes or 100% of all
  voting rights present at                                                     shares with voting
  the Meeting                                                                  rights present at the
                                                                               Meeting


Results of the Agenda III:
1. Accepting the resignation of Mr. Djoko Prabowo as Director of the Company effective from the
   closing of this Meeting.

2. Appointed:
      a. Vilihati Surya as Commissioner of the Company; and
      b. Tjatur Haripriambodo as Director of the Company.

    Therefore, the member of the Board of Directors and Board of Commissioner are as follows:

    Board of Directors:
    President Director                      : Idot Supriadi
    Director                                : David Widjaja
    Director                                : Soeharsono Tjatur Nugroho
    Director                                : Tjatur Haripriambodo

    Board of Commissioners:
    President Commissioner                  : Franciscus Xaverius Laksana Kesuma
    Commissioner                            : Iwan Hadiantoro
    Commissioner                            : Vilihati Surya
    Independent Commissioner                : Buntoro Muljono
    Independent Commissioner                : Wiltarsa Halim

    For the term of office starting from the closing of this AMGS until the Annual General Meeting
    Shareholders that will be held in 2025.

3. Authorized the Board of Directors of the Company with the right of substitution, to: (i) all or part
   of the Meeting's decisions relating to this agenda item in a notarial deed and notify the Minister
   of Law and Human Rights of the Republic of Indonesia; (ii) sign letters, deeds or other documents;
   (iii) appear before a Notary and/or authorized official; and (iv) carry out all actions deemed
   necessary to achieve the above objectives in accordance with applicable statutory provisions.




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AGENDA IV:
                                                                                 Total Agree
              Agreed                 Abstained             Disagreed           (Majority Vote +
                                                                                  Abstain)

     11.130.788.851 votes or     There were      no   26.600 votes or       11.130.788.851 votes
     99,99976102% of all         abstentions.         0,000238976% of       or 99,99976102% of all
     shares with voting rights                        all shares with       shares with voting
     present at the Meeting                           voting      rights    rights present at the
                                                      present at the        Meeting
                                                      Meeting


Results of the Agenda IV :
1. Authorized the Board of Commissioners of the Company to stipulate the amount of
   remuneration and allowances of the members of the Board of Directors for 2024-2025, by taking
   into account reccommendation from the Remuneration and Nomination Committee of the
   Company;

2. Stipulated the remuneration or honorarium and allowances for the members of the Board of
   Commissioners of the Company for the term of office 2024-2025, starting from the closing of this
   Annual General Meeting of Shareholders until the closing of the next Annual General Meeting of
   Shareholders in 2025, and authorizing the President Commissioner of the Company to determine
   the distribution of the amount of salary or honorarium and allowances among the members of
   the Board of Commissioners of the Company, taking into account the recommendation from the
   Remuneration and Nomination Committee of the Company.


AGENDA V:
                                                                                 Total Agree
              Agreed                 Abstained             Disagreed           (Majority Vote +
                                                                                  Abstain)

     11.130.815.451 votes or     There were      no   There were       no   11.130.815.451 votes
     100% of all shares with     abstentions.         objections.           or 100% of all shares
     voting rights present at                                               with voting rights
     the Meeting.                                                           present at the Meeting


Results of the Agenda V:
1.      Appointed the Public Accounting Firm Tanudiredja, Wibisana, Rintis & Rekan, which is a public
        accounting firm registered in the Financial Services Authority of the Republic Indonesia to
        conduct audit towards the Financial Statements of the Company and its Subsidiaries for the
        financial year 2024; and

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2.      Authorized the Board of Directors of the Company to stipulate the amount of honorarium and
        other requirements in relation to the appointment of the public accounting firm in accordance
        with the applicable regulations.


AGENDA VI:
                                                                                      Total Agree
              Agreed                   Abstained              Disagreed             (Majority Vote +
                                                                                       Abstain)

     11.128.765.151 votes or      2.050.300 votes or      There were no         11.130.815.451 votes or
     99,98157997% of all          0,018420034% of         objections            100% of all shares with
     shares with voting rights    all shares with                               voting rights present at
     present at the Meeting.      voting       rights                           the Meeting.
                                  present at the
                                  Meeting.

Results of the Agenda VI:
1.      Approved the amendment of Article 3 of the Company's Articles of Association regarding the
        Purpose and Objectives as well as the Business Activities of the Company, with the Addition of
        Business Activities of the Company as has been conveyed by the Company to all shareholders
        in the Meeting;
2.      Authorized the Board of Directors of the Company to: (i) make changes and/or additions if
        deemed necessary to the Articles of Association that have been decided at the Meeting, in the
        event that there are provisions issued by the relevant authorities; (ii) state part of the decisions
        of the Meeting relating to this agenda item in a notarial deed and notify and/or request for
        approval to the Minister of Law and Human Rights of the Republic of Indonesia; (iii) sign letters,
        deeds, or other documents; (iv) appear before a Notary and/or authorized official; and (v) carry
        out all actions deemed necessary to achieve the aforementioned purposes.



                                          Jakarta, 23 April 2024
                                        PT ACSET INDONUSA Tbk
                                            Board of Directors




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                                   ANNOUNCEMENT
            RATIFICATION BY THE ANNUAL GENERAL MEETING OF SHAREHOLDERS
 ON THE CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR 2023
                                PT ACSET INDONUSA Tbk

In order to comply with the provisions of Article 68 paragraph (4) of Law No. 40 of 2007 concerning Limited
Liability Companies, the Board of Directors of PT Acset Indonusa Tbk ("the Company"), hereby announces
that the Consolidated Financial Statements of the Company and its Subsidiaries for the financial year 2023,
audited by the Public Accounting Firm of Tanudiredja, Wibisana, Rintis & Rekan, have been ratified by the
Annual General Meeting of Shareholders of the Company on Friday, April 19, 2024.


                                           Jakarta, 23 April 2024
                                          PT ACSET INDONUSA Tbk
                                            Board of Directors




                                                                                                         7

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Names mentioned 18 people and organisations named in the text · linked when the evidence is strong

linked org ACSET INDONUSA Tbk p.1 ×17
linked org United Tractors p.1
linked person IDOT SUPRIADI p.1 ×2
linked person DAVID WIDJAJA p.1 ×2
linked person SOEHARSONO TJATUR p.1 ×2
linked person IWAN HADIANTORO p.1 ×2
linked person BUNTORO MULJONO. p.1 ×2
linked person Vilihati Surya · Commissioner p.4 ×2
linked person Tjatur Haripriambodo · Director p.4 ×2
possible person DJOKO PRABOWO · Director p.1 ×2
possible person FRANCISCUS XAVERIUS p.1 ×2
unresolved org Indonesia Stock Exchange p.1
unresolved org Financial Services Authority p.1 ×3
unresolved person Raden Mas Dendy Soebangil · Notaris p.1
unresolved org PT Kustodian Sentral Efek Indonesia p.2
unresolved org Rintis & Partners p.3
unresolved org Rintis & Rekan p.5 ×2
unresolved org Minister of Law and Human Rights p.6

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