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20240419_MEDC_Laporan Informasi dan Fakta Material_31627755_lamp2.pdf
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DISCLOSURE OF INFORMATION TO THE SHAREHOLDERS OF
PT MEDCO ENERGI INTERNASIONAL TBK.
(“Company”)
This information is made and addressed to the Shareholders in compliance with Financial Services
Authority Regulation No. 29/POJK.04/2023 dated 29 December 2023 on Shares Buyback Issued by
Public Companies.
PT MEDCO ENERGI INTERNASIONAL TBK.
Main Business Activities:
holding and consultancy management activities
Domiciled in South Jakarta, Indonesia
Head Office:
The Energy Building 53 – 55 Floor, SCBD Lot 11 A
Jalan Jenderal Sudirman Kav. 52 – 53
Jakarta 12190 – Indonesia
Phone : +62-21 29953000
Facsimile : +62-21 29953001
Email: corporate.secretary@medcoenergi.com
Website: www.medcoenergi.com
Information as contained in this disclosure of information is important to be read and understood by
the shareholders of PT Medco Energi Internasional Tbk.
If you experience difficulty in understanding the information as contained herein, or hesitant in making
a decision, you should consult with a stock broker, investment manager, legal counsel, public
accountant or other professional advisor.
The Company’s Board of Commissioners and Board of Directors, both individually and jointly, are
fully responsible for the completeness and accuracy of the whole information or material facts
contained herein and emphasize that the information stated herein is correct and that no unstated
material facts can cause the material information herein to be untrue or misleading.
Disclosure of Information is issued on 19 April 2024
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TABLE OF CONTENTS
DEFINITIONS ....................................................................................................................................... 3
I. INTRODUCTION .......................................................................................................................... 4
II. GENERAL ..................................................................................................................................... 4
III. INFORMATION ON THE COMPANY’S SHARES BUYBACK ............................................ 6
IV. INFORMATION ON TRANSFER OF SHARES RESULTING FROM THE COMPANY’S
SHARES BUYBACK ................................................................................................................... 9
V. STATEMENT OF THE BOARD OF DIRECTORS AND THE BOARD OF
COMMISSIONERS .................................................................................................................... 11
VI. ANNUAL GENERAL MEETING OF SHAREHOLDERS ..................................................... 11
VII. ADDITIONAL INFORMATION ................................................................................................. 13
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DEFINITIONS
“Bapepam & LK” : Capital Markets Supervisory Body and Financial Institution (Badan
Pengawas Pasar Modal and Lembaga Keuangan) as referred to in the
Ministry of Finance of the Republic of Indonesia Regulation No.
184/PMK.01/2010 dated 11 October 2010 regarding Organization and
Work Procedures of the Ministry of Finance.
“Indonesia Stock : A stock exchange as defined in Article 1 Number 4 of the Capital
Exchange (IDX)” Markets Law, in this case organized by PT Bursa Efek Indonesia,
domiciled in Jakarta, or other exchanges determined later where
Shares are registered.
“Calendar Day” : Every day in 1 (one) year according to the Gregorian Calendar without
exceptions, including Sundays and national holidays set from time to
time by the Government of the Republic of Indonesia.
“KSEI” : Abbreviation for PT Kustodian Sentral Efek Indonesia, domiciled in
Jakarta, which is a Central Securities Depository in accordance with
the Capital Markets Law.
“MOLHR” : Minister of Law and Human Rights of the Republic of Indonesia.
“Financial Services : Abbreviation of Financial Services Authority, an independent institution
Authority or OJK” whose functions, duties and authority to regulate, supervise, examine
and investigate as referred to Law No. 21 of 2011 regarding the
Financial Services Authority as amended with Law No. 4 of 2023 on
the Finance Sector Development and Strengthening (“OJK Law”) as
amended by P2SK Law. Where since 31 December 2012, the OJK is
the institution that replaced and received the rights and obligations to
conduct regulatory and supervisory functions from Bapepam and/or
Bapepam-LK in accordance with the provisions of Article 55 of the OJK
Law.
“Shareholders” : Parties that own interests over the Company’s Shares, whether in the
form of a clearing account letter or collective escrow account that is
stored and administered in the securities account of KSEI, that is listed
in the Company’s Shareholders Register that is administered by the
Shareholders Registrar PT Sinartama Gunita.
“Shares Buyback” : Buyback of the Company’s issued and listed shares in the IDX in the
amount of up to 100,000,000 (one hundred million) shares or 0.398%
of the total issued and paid up capital of the Company or with the fund
allocation of up to Rp 200,000,000,000 (two hundred billion Rupiah) or
equivalent to USD 12,500,000 (twelve million and five hundred
thousand United States Dollars) with the assumption that 1 USD
equivalent to Rp 16,000 (hereinafter referred to as “Shares Buyback”)
which will be conducted in batches within 12 (twelve) months as of the
approval of the Shares Buyback in the AGMS.
“Subsidiaries” : Company which financial statements are consolidated with the
Company's financial statements.
“POJK No. 29/2023” : OJK Regulation No. 29/2023 dated 29 December 2023 on Shares
Buyback Issued by Public Companies.
“AGMS” : The Company’s Annual General Meeting of Shareholders that will be
held on 30 May 2024 in accordance with the provisions of the
Company’s Articles of Association, the Companies Law and the Capital
Markets Law, as well as their implementing regulations.
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“Shares” : All shares that have been issued and paid in full in the Company.
“Capital Markets : Law No. 8 of 1995 dated 10 November 1995 regarding Capital
Law” Markets, the Republic of Indonesia Circular No. 64 of 1995,
Supplement No. 3608, as amended with P2SK Law.
“Company Law” : Law No. 40 of 2007 dated 16 August 2007 regarding Limited Liability
Companies, the Republic of Indonesia Circular No. 106 of 2007,
Supplement No. 4746, as amended by Government Regulation in lieu
of Law No. 2 of 2022 on Job Creation which already stipulated to
become Law based on Law No. 6 of 2023 on the Determination of the
Government Regulation in lieu of Law No. 2 of 2022 on Job Creation
to become Law.
“P2SK Law” : Law No. 4 of 2023 dated 12 January 2023 regarding on Financial
Sector Development and Reinforcement, which is published in the
State Gazette No. 4 Year 2023, Supplement No. 6845
I. INTRODUCTION
It is hereby announced to the Company’s Shareholders that the company will convene AGMS on
Thursday 30 May 2024 whereby the agenda of AGMS is to propose for approval of AGMS for the
following:
1. Plan for Shares Buyback which has been issued by the Company and listed in the Indonesia Stock
Exchanges; and
2. The transfer of Shares resulted from Shares Buyback for the implementation of Shares Ownership
program by employee and or Board of Directors and the Board of Commissioners and Subsidiary
and Affiliate of the Company.
The plan for Shares Buyback and the tranfers of Shares resulted from Shares Buyback will be perform
in observance with the prevailing laws and regulations of Republic of Indonesia including Company Law
and POJK No. 29/2023.
II. GENERAL
Based on Shareholder Register dated 31 March 2024, the treasury shares owned by the Company is
111,241,268 shares or representing 0.443% of issued and paid-up capital of the Company. Therefore,
considering that the Company’s treasury shares have not yet reached 10% of the total issued and paid-
up capital of the Company, the Company is still able to conduct the shares buyback for up to 10% of
the total issued and paid-up capital, as stipulated in UUPT and POJK No. 29/2023.
As information, the treasury shares which is currently owned by the Company has not exceeded the
time period of treasury shares ownership as set out in POJK No. 30/POJK.04/2017 on the Shares
Buyback of Listed Company (POJK No.30/2017) which is 3 (three) years as of the completion of Shares
Buyback, in which the Company is obliged to commence transferring the shares which is resulted from
Shares Buyback within 2 (two) years thereafter. In the event the obligation for shares transfer cannot
or not yet completed by the Company, then within 1 (one) year after the end of such time period the
company is obliged to have completed transferring the Shares Buyback. Such reference to POJK No.
30/2017 was made due to the time the Shares Buyback was conducted, the prevailing POJK with regard
to Shares Buyback is POJK No. 30/2017.
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a. General Information on the Company
The Company was established as Domestic Investment Company based on Law No. 6 of 1968
as amended by Act No. 12 of 1970 and most recently amended by Law No. 25 of 2007 on
Investments and Law No. 11 of 2020 on Job Creation, established by Deed of Establishment
No. 19 dated June 9, 1980 as amended by Deed of Amendment No. 29 dated 25 August 1980
and Deed of Amendment No. 2 dated March 2, 1981, all of which were drawn before Imas
Fatimah, S.H., Notary in Jakarta, which deeds have been approved by the Minister of Justice
of the Republic of Indonesia in his Decree No. YA5/192/4 dated 7 April 1981 Registered in the
Jakarta District Court under No. 1348, No. 1349 and No. 1350 consecutively, all dated 16 April
1981 and was announced in State Gazette of Republic of Indonesia No. 102 dated December
22, 1981, Supplement No. 1020/1981.
The Company’s articles of association have been amended several times and most recently
with Deed of Statement of Shareholders Resolution No. 86 dated 30 August 2021, drawn before
Leolin Jayayanti, S.H., M.Kn., Notary in Jakarta, which deed was approved by the MOLHR as
stated in the Decision Letter No. AHU-0051458. AH.01.02.Tahun 2021 dated 22 September
2021 and has been registered in the Company Register in the Ministry of Law and Human
Rights of the Republic of Indonesia (”Ministry of Law”) under No. AHU-
0162377.AH.01.11.Tahun 2021 dated 22 September 2021 (”Deed No. 86/2021”).
b. Company’s Capital Structure and Shareholding Composition
Pursuant to Deed No. 86/2021, the capital structure of the Company is as follows:
Authorized Capital : Rp 1,375,000,000,000
Issued Capital : Rp 628,405,781,300
Paid – up Capital : Rp 628,405,781,300
The Authorized Capital of the Company is divided into 55,000,000,000 ordinary shares, each
share having nominal value of Rp 25 (twenty-five Rupiah) per share.
Pursuant to the Company’s shareholders register dated 31 March 2024, issued by PT
Sinartama Gunita as the share registrar appointed by the Company, the shareholding
composition of the Company is as follows:
No. Name of Shareholders Number of Shares Amount (Rp) %
1. Diamond Bridge Pte. Ltd. 5,395,205,771 134,880,144,275 21.46
2. PT Medco Daya Abadi Lestari 12,944,140,124 323,603,503,100 51.50
3. PT Medco Duta 30,044,500 751,112,500 0.12
4. PT Kalibiru Lestari Bersama 659,958,000 16,498,950,000 2.63
5. Public (each below 5%) 5.995,641,589 149,891,039,725 23.85
6. Treasury Shares 111,241,268 2,781,031,700 0.44
Number of Shares 25,136,231,252 628,405,781,300 10000
Shares in Portfolio 29,863,768,748 746,594,218,700
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c. Composition of the Company’s Board of Commissioners and the Board of Directors
Pursuant to Deed of Statement of Shareholders Resolution No. 60 dated 25 June 2020, drawn
before Leolin Jayayanti, S.H., M.Kn., Notary in Jakarta which has been notified to the MOLHR
as stated in Receipt of Notification of Changes to the Company’s Data No. AHU-AH.01.03-
0261127 dated 26 June 2020 and registered in the Company Register in the Ministry of Law
under No. AHU-0100705.AH.01.11.Tahun 2020 dated 26 June 2020 Juncto Deed of Statement
of Shareholders Resolution No. 79 dated 26 August 2021, the composition of the Company’s
Board of Commissioners and Board of Directors on the date of this Disclosure of Information
are as follows:
Board of Commissioners
President Commissioner : Yani Yuhani Panigoro
Commissioner : Yaser Raimi Arifin Panigoro
Independent Commissioner : Marsillam Simandjuntak
Independent Commissioner : Bambang Subianto*
Board of Directors
President Director : Hilmi Panigoro
Director : Roberto Lorato
Director : Ronald Gunawan
Director : Amri Siahaan
Independent Director : Anthony Robert Mathias
*) Bambang Subianto has passed away on 5 November 2022, and therefore, referring to the
Company’s articles of association, his term of office has ended. The Company has reported
to the Shareholder on the decease of Mr. Bambang Subianto in the Annual General Meeting
of Sharholders dated 31 May 2023. After the decease of Mr. Bambang Subianto on 5
November 2022, the Company has not added or replaced Mr. Bambang Subianto with
another Independent Commissioner as the number of Company’s Independent
Commissioner still meets the minimum number as set out in article 20 paragraph 3 of POJK
No. 33/POJK.04/2015
III. INFORMATION ON THE COMPANY’S SHARES BUYBACK
Estimation of Schedule, Costs and the Number of Shares Buyback and Source of Fund
The Shares Buyback will be conducted no later than 12 (twelve) months after the date of AGMS
approving such Shares Buyback
The cost to perform Shares Buyback will be from internal cash of the Company. The Company has
allocated funds for the Shares Buyback which will be from unattributable funds that will not impact the
Company’s operations. The amount of fund allocated for the Shares Buyback as aforementioned shall
be up to Rp 200,000,000,000 (two hundred billion Rupiah) or equivalent to USD 12,500,000 (twelve
million and five hundred thousand United States Dollars), with the assumption that 1 USD equivalent to
Rp 16,000. Such funds include transaction costs, brokerage fee and other costs in relation to the Shares
Buyback, which is estimated at the amount of Rp 225,000,000 (two hundred and twenty five million
Rupiah).
The source of fund used as cost to implement the Shares Buyback does not come from the public
offering proceeds nor from the fund which is sourced from loan and or indebtedness in whatever form.
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The estimate number of shares in the Shares Buyback is 100,000,000 (one hundred million) shares or
0.398% of the total issued and paid-up capital, therefore it will not exceed 10% shares included in the
current treasury shares of the Company.
Background and Underlying Reason
In performing its business, the Company tries to continuously improve shareholders value, amongst
others by improving the Company’s ROE. In addition to the development and expansion of business,
the Share Buyback can be considered as one of the measures which can be taken to increase the
Company’s ROE. The Shares Buyback implementation will give greater flexibility for the Company in
managing its capital and maximizing returns to the shareholders. With due consideration of the
development and expansion of the Company’s business, Shares Buyback will also facilitate extra cash
and fund on hand for the shareholders with an effective and efficient way.
In accordance with the prevailing laws and regulation, the Company may use the treasury shares from
Shares Buyback for the Company’s employees and management share ownership program. The
Company will fulfill the prevailing requirement in relation to the transfer of treasury shares from Shares
Buyback. As to the details of the transfer of shares deriving from Shares Buyback for the shares
ownership program for the employees and management of the Company can be read in Section III of
this Disclosure of Information. The plan to transfer of shares resulting from the Shares Buyback for the
implementation of shares ownership program for the employees and/or the Board of Directors and the
Board of Commissioners of the Company and/or its Subsidiaries is intended for the Shares Buyback,
which approval will be sought at the AGMS on 30 May 2024. The Company’s Shares Buyback which
was implemented from the AGMS dated 31 May 2023 has been entirely completed and the plan to
transfer the Shares Buyback has also obtained the approval from the AGMS dated 31 May 2023, where
such Shares Buyback will be performed for the implementation of shares ownership by employees
and/or Directors and Board of Commissioners of the Company.
Estimation of Decrease of Company’s Income
The Company estimates that there will be no material impact on the decrease of income in relation to
the implementation of Share Buyback, as the Company sufficient working capital and cash flows to
perform the Shares Buyback.
Proforma of Company’s Earnings Per Share after the Shares Buyback
The Company has recorded earnings per share from continuing operations in the amount of
US$0.01490, while the proforma of Company’s earnings per share from continuing operations after the
Shares Buyback is in the amount US$0.01496.
Financial Statement for the Year
Ended
Description Unit 31 December 2023
Without With Transaction
Transaction Plan Plan
Total issued shares Share 25,136,231,252 25,136,231,252
Total outstanding shares Share 25,029,499,884 24,929,499,884
Cash US Dollar 353,948,953 341,448,953
Total assets US Dollar 7,468,316,269 7,455,816,269
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Profit for the year from continuing US Dollar 373,093,710 373,093,710
operations attributable to equity holders
of the parent company
Equity attributable to the equity holders US Dollar 1,828,543,298 1,816,043,298
of the parent company
Earnings per share from continuing US Dollar 0.01490 0.01496
operations
Return on Asset Percentage 5.00% 5.00%
Return on Equity Percentage 20.40% 20.54%
Limitation on Shares Buyback Price
The Shares Buyback will be conducted on a price lower than or equal to the transaction price occurred
previously as regulated under POJK No. 29/2023.
Limitation of Period of Shares Buyback
Shares Buyback will be conducted within at no later than 12 (twelve) months as of the date of AGMS
approving the Shares Buyback, which period is from 31 May 2024 until 30 May 2025.
The completion of the Company’s Shares Buyback is demonstrated by the conditions, amongst others
if (i) the number of shares bought back by the Company has been entirely purchased; (ii) the funds
disbursed by the Company has reached Rp 200,000,000,000 (two hundred billion Rupiah) or equivalent
to USD 12,500,000 (twelve million and five hundred thousand United States Dollars), with the
assumption that 1 USD equivalent to Rp 16,000, (iii) deemed necessary by the management of the
Company. In the event (iii) applies, the Company shall announce to the public on the ceasing of the
Shares Buyback to OJK, along with the reasoning and announce to to public on such cease of Shares
Buyback, at the latest 2 (two) working days after the decision regarding the ceasing of Shares Buyback.
Methods of Shares Buyback
The Company will perform Shares Buyback under the following provisions:
i. The Company will appoint PT BRI Danareksa Sekuritas, as the appointed securities company to
perform the Shares Buyback through trading in the Indonesia Stock Exchange during the Shares
Buyback period;
ii. Shares Buyback will only be done if it is beneficial to the Company and its shareholders/ the
Company will not perform Shares Buyback if there is a material adverse effect which will affect
the liquidity and capital structure of the Company and/or the Company’s status as a publicly listed
company;
iii. Parties who are:
a. Commisssioners, Directors, employees and substantial shareholders of the Company;
b. Individuals who due to their position or profession or business relation with the Company
allows such individual to obtain inside information; or
c. Parties who are in the past 6 months no longer fall under the critera mentioned in point (a)
and (b),
shall not perform any transaction on the Company’s shares on the same day with the Shares
Buyback or transfer of treasury shares resulting from Shares Buyback conducted by the
Company through IDX.
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Management Analysis and Discussion In Relation To Shares Buyback
By using the assumption that the number of shares to be bought back is in the amount of Shares
Buyback is up to 100,000,000 (one hundred million) shares with exercise price in accordance with the
prevailing regulations.
Shares Buyback will not affect the business and operations of the Company because the Company has
sufficiently good working capital to perform its business activities.
IV. INFORMATION ON TRANSFER OF SHARES RESULTING FROM THE COMPANY’S
SHARES BUYBACK
Background of Shares Transfer Resulting from Shares Buyback
1. Approval Date of AGMS approving : 30 May 2024.
Shares Buyback
2. Implementation Period for Shares : Shares Buyback will be conducted within at no later
Buyback than 12 months as of the date of AGMS approving the
Shares Buyback, which period is from 31 May 2024
until 30 May 2025
3. Realisation of Shares Buyback : Realisation of Shares Buyback will be implemented in
accordance with the period of Shares Buyback.
4. Approval Date of AGMS approving : 30 May 2024.
the Shares Transfer resulting from
Shares Buyback
5. Source of Shares Buyback which : Source of Shares Buyback which will be transferred
will be transferred derived from the Shares Buyback
6. Time limit for shares transfer : At the latest 3 (three) years after the completion of
resulting from Shares Buyback Shares Buyback, however may be extended for 2 (two)
years or 1 (one) year depending on the condition of the
Company, as set out in the below “Exercise Period
Plan”.
7. Number of Shares to be transferred : 100,000,000 (one hundred million) shares or at the
maximum number of shares as the result of Shares
Buyback.
Purpose of Transfer of Shares
The Company intends to use the shares from the Shares Buyback to be distributed to employees and
management of the Company and/or its Subsidiaries through shares ownership entitlement program
namely the Employee Share Award Plan (“ESAP”) and the Management Share Award Plan (“MSAP”).
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Requirements for Employees, Board of Directors and Board of Commissioners who are entitled
to receive shares
a. Employee Share Award Plan (ESAP):
i. Employees of the Company;
ii. Employees of wholly-owned or majority-owned Subsidiaries or seconded to other
Subsidiaries or affiliates of the Company based on certain criteria.
Details of the requirements for employees of the Company or Subsidiaries who are entitled to
receive shares are determined by the Board of Directors of the Company and will be adjusted
every year as necessary.
b. Management Share Award Plan (MSAP):
i. Members of the Board of Commissioners, save for Independent Commissioners;
ii. Members of the Board of Directors;
iii. Directors of the Company's wholly-owned or majority-owned Subsidiaries or
representative Directors in the Company's affiliated companies;
iv. Certain Senior Management.
Details of the requirements for the Directors and Board of Commissioners of the Company who are
entitled to receive shares are determined by the performance of the Company and each individual
member of the Board of Directors and Board of Commissioners.
While the details of the requirements for the Board of Directors and the Board of Commissioners of
Subsidiaries or representative Directors in the Company's affiliated companies will depend on the
Subsidiaries and the Company's affiliated companies’ good performance and contribution to the overall
operational and financial performance of the Company.
Exercise Period Plan
Pursuant to Article 16 of POJK No. 29/2023, the Company is obliged to transfer the shares which is
resulted from Shares Buyback within three years after the completion of Shares Buyback.
Such obligation could be extended for two years if:
a) The Company has transferred the shares which is resulted from Shares Buyback at least 10
(ten) percent from Shares Buyback; or
b) Shares price during 3 (three) years after the completion of Shares Buyback has never exceeded
the average price of Shares Buyback.
However, in the event the Company could not meet the above (a) and (b) conditions and there are
Shares Buyback which is still safekept by the Company after the lapse of such 3 (three) years, the
Company is obliged to complete the Shares Transfer which is resulted from Shares Buyback within 1
(one) year.
Considering that ESAP and MSAP are ongoing programs that have been implemented since 2017 and
are part of the incentives given to parties who meet the criteria as ESAP and MSAP participants as
mentioned above, the transfer of shares resulting from the Shares Buyback will be made no later than
3 years after the entire Shares Buyback has been carried out.
Exercise Price or Share Exercise Price Calculation Method
There is no exercise price in the transfer of shares of Buyback considering there is no payment
expended by the ESAP and MSAP program participants.
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Total or Amount of Payment by Employees, Board of Directors, Commissioners of the Company
Receiving Shares
Considering ESAP and MSAP are part of the incentives given by the Company as a result of awards or
incentive to the participants of ESAP and MSAP program, no payments must be made by the ESAP
and MSAP participantes who received the shares.
Proforma of Capital Structure Before and After Exercise
The transfer of shares from the Shares Buyback for the Company's employees and management
shares ownership program, the Company will use the treasury shares that have been already owned
by the Company, so that there are no changes to the capital structure before and after the exercise of
the transfer of shares, considering there is no dilution effect on the Company's share ownership.
Lock-Up Provisions
There is no lock-up provision for shares acquired by the ESAP and MSAP program participants in this
ESAP and MSAP program.
V. STATEMENT OF THE BOARD OF DIRECTORS AND THE BOARD OF COMMISSIONERS
The information described in this Disclosure of Information have been approved by the Board
of Commissioners and Board of Directors, who are responsible for the validity of the
information. The Board of Commissioners and Board of Directors declare that all material
information and opinions expressed in this Information Disclosure is true and can be accounted
for and there is no other information that has not been disclosed that can cause the information
to be incorrect or misleading.
The Board of Commissioners and Directors of the Company have reviewed the Shares
Buyback, including assessing the risks and benefits of the plan for the Company and all
shareholders, and accordingly believe that Shares Buyback is the best option for the Company
and all shareholders. Therefore, based on the trust and confidence that the Shares Buyback
are indeed the best option to achieve the benefits mentioned above, the Board of Directors and
Board of Commissioners of the Company hereby recommend the shareholders to approve the
Shares Buyback as described in this Disclosure of Information.
VI. ANNUAL GENERAL MEETING OF SHAREHOLDERS
The indicative schedule of the Company’s Shares Buyback is as elaborated below:
1. Notification of the Plan to Convene the AGMS to the OJK
3 April 2024
2. Announcement of the Notice of the Plan to Convene the AGMS on 19 April 2024
the IDX’s website, the KSEI’s website and the Company’s website
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3. Disclosure of Information to the Shareholders regarding the Shares 19 April 2024
Buyback on the IDX’s website and the Company’s website in
accordance with POJK No. 29/2023
4. The Issuance of the List of Shareholders Entitled to Attend the AGMS 6 May 2024
(Recording Date)
5. Advertisement of the Invitation to the AGMS on the IDX’s website, the 7 May 2024
KSEI’s website and the Company’s website
6. Latest date for the announcement of additional information of the 28 May 2024
Shares Buyback on the IDX’s website and the Company’s website in
accordance with POJK No. 29/2023
7. Holding of the AGMS 30 May 2024
8. Announcement of abridged AGMS minutes on the IDX’s website, the 31 May 2024
KSEI’s website and the Company’s website
One or more Shareholders who are representing more than 1/20 of the total Shares with valid voting
rights may have a right to propose the AGMS agenda in writing to the Directors of the Company. Such
proposal must be submitted to the Directors of the Company at the latest 7 Calendar Days before the
announcement of AGMS invitation.
Quorum for the Shares Buyback agenda
AGMS for the agenda of Shares Buyback can be implemented if the AGMS is attended by shareholders
representing at least 2/3 of the total shares with valid voting rights, and decisions can only be approved
by shareholders representing more than 2/3 of the total shares with voting rights who attended the
AGMS.
In the event of the first AGMS attendance quorum is not achieved, then the second AGMS will be held
under the condition whereby the second AGMS is legitimate and entitled to make a decision if the AGMS
is attended or represented by at least 3/5 of the total shares with voting rights and the decisions
approved by more than ½ of the total shares with voting rights attended at the second AGMS.
When the attendance quorum at the second AGMS is not achieved, then the third AGMS could be held
under the condition whereby the third AGMS is legitimate and entitled to make decisions, if attended by
shareholders of shares with valid voting rights in the quorum and decision quorum set by the OJK upon
the request of the Company.
Quorum for the transfer of shares resulting from the shares buyback by way of shares
ownership program implementation agenda
AGMS for the agenda of the transfer of shares resulting from the shares buyback by way of shares
ownership program implementation can be implemented if the AGMS is attended by shareholders
representing more than 1/2 of the total shares with valid voting rights, and decisions can only be
approved by shareholders representing more than 1/2 of the total shares with voting rights who attended
the AGMS.
In the event of the first AGMS attendance quorum is not achieved, then the second AGMS will be held
under the condition whereby the second AGMS is legitimate and entitled to make a decision if the AGMS
is attended or represented by at least 1/3 of the total shares with voting rights and the decisions
approved by more than 1/2 of the total shares with voting rights attended at the second AGMS.
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When the attendance quorum at the second AGMS is not achieved, then the third AGMS could be held
under the condition whereby the third AGMS is legitimate and entitled to make decisions, if attended by
shareholders of shares with valid voting rights in the quorum and decision quorum set by the OJK upon
the request of the Company.
VII. ADDITIONAL INFORMATION
For additional information regarding the above matter, please contact the Company during working
hours at this address:
Head Office:
The Energy Building 53 – 55 Floor, SCBD Lot 11 A
Jalan Jenderal Sudirman Kav. 52 - 53
Jakarta 12190 – Indonesia
Phone : +62-21 29953000
Facsimile : +62-21 29953001
Email: corporate.secretary@medcoenergi.com
Website: www.medcoenergi.com
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Names mentioned 31 people and organisations named in the text · linked when the evidence is strong
unresolved
org
Financial Services Authority
p.1 ×3
unresolved
org
Bapepam
p.3 ×4
unresolved
org
Pengawas Pasar Modal and Lembaga Keuangan
p.3
unresolved
org
Ministry of Finance
p.3 ×2
unresolved
org
Government of the Republic of Indonesia
p.3
unresolved
org
PT Kustodian Sentral Efek Indonesia
p.3
unresolved
org
Minister of Law and Human Rights
p.3
unresolved
org
Bapepam-LK
p.3 ×2
unresolved
person
Imas Fatimah
· Notaris
p.5
unresolved
org
Minister of Justice
p.5
unresolved
org
District Court
p.5
unresolved
person
Leolin Jayayanti
· Notaris
p.5 ×3
unresolved
org
Ministry of Law and Human Rights
p.5
unresolved
org
Ministry of Law
p.5 ×2
unresolved
org
PT Medco Daya Abadi Lestari
p.5
unresolved
org
PT Medco Duta
p.5
unresolved
org
PT Kalibiru Lestari Bersama
p.5
unresolved
org
PT BRI Danareksa Sekuritas
p.8
unresolved
org
Indonesia Stock Exchange
p.8
Extraction attempts how the parser did, and what it refused
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