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20240403_ARKO_Ringkasan Risalah//Risalah RUPS_31623635_lamp1.pdf

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Page 1
                                                                                                        PT ARKORA HYDRO TBK
                                                                                                 Treasury Tower Level 9 Unit G-H
                                                                                                            District 8 SCBD Lot 28
                                                                                                     Jl. Jend. Sudirman Kav 52-53
                                                                                                          Jakarta 12190, Indonesia
                                                                                                   Telephone +62 (021) 50333144
                                                                                                                  www.arkora.com


                        ANNOUNCEMENT OF SUMMARY OF TREATURE
                      ANNUAL GENERAL MEETING OF SHAREHOLDERS 2023
                                 PT ARKORA HYDRO Tbk

 PT Arkora Hydro Tbk , a limited liability company which has listed all of its shares on the Indonesia Stock Exchange,
 domiciled in South Jakarta (hereinafter referred to as the “Company”) hereby announces to all of the Company's
 Shareholders, that on 1 April 2024, the Company has held an Annual General Meeting of Shareholders 2024
 (hereinafter referred to as the “Meeting”).

 As regulated in Article 49 of the Financial Services Authority Regulation No. 15/POJK.04/2020 concerning Plans
 and Implementation of the General Meeting of Shareholders of a Public Company on 21 April 2020 (" OJK
 Regulation No. 15 "), the Company is required to make a summary of the minutes of the meeting, in accordance
 with the minutes of the meeting set forth in the Deed of Minutes of Meeting Annual General Shareholders of PT
 Arkora Hydro Tbk No. 1 dated 1 April 2024, made by Darmawan Tjoa, S.H., S.E., Notary in Jakarta, as follows:



  1. Lokasi, Tempat dan Tanggal Rapat:
     Day/Date       : Monday, 1 April 2024
     Time           : 2.19 P.M IWT– 02.54 PM IWT
     Place          : Function Room Residence 8, 7th Floor SCBD
                      Lot. 28, Jln. Jend. Sudirman Kav 52 – 53, Jakarta
                      12190, Indonesia

  2. Agenda:

      1.   Approval of the 2023 Annual Report, including Ratification of the Board Oversight Report Commissioners
           of the Company, as well as Ratification of the Company's Consolidated Financial Statements for Fiscal Year
           2023;
      2.   Determination of the Use of the Company's Net Profit for the 2023 Fiscal Year;
      3.   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;
      4.   Appointment of a Public Accountant Firm to Conduct the Audit of the Company’s Financial Statements for
           Fisca Year 2024; and
      5.   Report of the Realization of the Use of Funds from the Green Bond Public Offering of PT Arkora Hydro
           Tbk’s Environmentally Bonds I.


  3. Member od the Boars of Commissioners and Directors who attended the Meeting:

      Board of Commissioners:

      1.   Mr. Arya Pradana Setiadharna                         : Komisaris Utama
      2.   Mr. Iwan Hadiantoro                                  : Komisaris
      3.   Mr. Indarto                                          : Komisaris Independen

      Board of Directors:

      1.   Mr. Aldo Henry Artoko                                : Direktur Utama
      2.   Mr. Ismu Nugroho                                     : Direktur
      3.   Mr. Ricky Hartono                                    : Direktur



PT ARKORA HYDRO TBK
Page 2
                                                                                                        PT ARKORA HYDRO TBK
                                                                                                 Treasury Tower Level 9 Unit G-H
                                                                                                            District 8 SCBD Lot 28
                                                                                                     Jl. Jend. Sudirman Kav 52-53
                                                                                                          Jakarta 12190, Indonesia
                                                                                                   Telephone +62 (021) 50333144
                                                                                                                  www.arkora.com


      4.   Mr. Boy Gemino Kalauserang                            : Direktur

 4. The Meeting was attended by 2,173,857,793 (two billion one hundred seventy three million eight hundred fifty
    seven thousand seven hundred ninety three) shares with valid voting rights or equivalent to 74.23% (seventy four
    point two three percent) of the total number of shares with voting rights issued by the Company which amounted
    to 2,928,495,000 (two billion nine hundred twenty eight million four hundred ninety five thousand) shares and
    therefore the attendance quorum for the entire agenda of the Meeting has been fulfilled and thus this Meeting is
    valid and entitled and authorized to discuss and make valid and binding decisions.

 5. The Meeting provides an opportunity for Shareholders or their Proxies who are physically or electronically
    present to ask questions and/or give opinions related to the Meeting Agenda in a way that those who are
    physically present can express opinions or questions per Meeting Agenda by raising their hands and filling in
    writing on the question form and then submitting it to the officer. Meanwhile, those who are present electronically
    submit questions or opinions in accordance with the provisions and procedures in the e-RUPS system
    (eASY.KSEI).

 6. There were no questions from the Shareholders or their proxies on the agenda of the First Meeting up to the
    agenda of the Fourth Meeting.

 7.   Decision Making Mechanism:

      Decision making on the Meeting Agenda was carried out based on deliberation for consensus. In the event that
      the resolutions based on deliberation for consensus are not reached, the resolutions shall be adopted through
      voting by counting manually for those physically present and by withdrawing the electronic data that has been
      provided by the Shareholders through the eASY.KSEI facility and approved by more than 1/2 (one-half) for the
      First Agenda up to the Fourth Agenda.

 8.   Result of Decision Making for Meeting Agenda :

      I.    THE AGENDA OF THE FIRST MEETING

            The result of decision-making are decided through a majority vote as follows:

                         Decision                       Number of shares                       Percentage
             Agree                                       2,173,856,393                          99.999%
             Disagree                                          0                                   0%
             Abstain                                         1,400                              0.0001%
             Total Agree                                 2,173,857,793                           100%

            Decisions of the First Meeting Agenda are as follows:

           1) Approved and accepted the Company's Annual Report for the Fiscal Year 2023, including ratifying the
              Supervisory Report of the Company's Board of Commissioners, and ratify the Consolidated Financial
              Statements of the Company and its Subsidiaries for the Fiscal Year 2023 audited by Imelda & Rekan
              Public Accounting Firm, as contained in its report dated March 8, 2024, with a fair opinion in all
              material respects; and

           2) with the approval of the Company's Annual Report and the ratification of the Board of Commissioners'
              Supervisory Report and the Consolidated Financial Statements of the Company and its Subsidiaries,
              to grant full release and discharge (acquit et decharge) to all members of the Company's Board of
              Directors for their management actions and to all members of the Company's Board of Commissioners
              for their supervisory actions, during the Fiscal Year 2023, to the extent that such actions are reflected



PT ARKORA HYDRO TBK
Page 3
                                                                                                      PT ARKORA HYDRO TBK
                                                                                               Treasury Tower Level 9 Unit G-H
                                                                                                          District 8 SCBD Lot 28
                                                                                                   Jl. Jend. Sudirman Kav 52-53
                                                                                                        Jakarta 12190, Indonesia
                                                                                                 Telephone +62 (021) 50333144
                                                                                                                www.arkora.com


               in the Annual Report and the Consolidated Financial Statements of the Company and its Subsidiaries
               for the Fiscal Year 2023.

      II.   AGENDA OF THE SECOND MEETING

            The results of decision-making are decided through a majority vote as follows:

                       Decision                        Number of shares                      Percentage
             Agree                                      2,173,856,293                        99.9999%
             Disagree                                         0                                  0%
             Abstain                                        1,500                             0.0001%
             Total Agree                                2,173,857,793                          100%

            Decisions of the Second Meeting Agenda are as follows:

            Approved the utilization of the Company's consolidated net profit for the financial year ended December
            31, 2023 amounting to Rp39,108,106,100 (thirty nine billion one hundred eight million one hundred six
            thousand one hundred Rupiah) with details as follows:

            1) amounting to Rp2,000,000,000 (two billion Rupiah) as the Company's reserve fund;

            2) not to distribute dividends to the Shareholders of the Company; and

            3) The Company's remaining consolidated net profit for the financial year ended December 31, 2023
               amounting to Rp37,108,106,100 (thirty seven billion one hundred eight million one hundred six
               thousand one hundred Rupiah) will be used as retained earnings for the purposes of the Company's
               business continuity and development..


     III.   AGENDA OF THE THIRD MEETING

            The results of decision-making are decided through a majority vote as follows:

                       Decision                        Number of shares                      Percentage
             Agree                                      2,173,856,293                        99.9999%
             Disagree                                         0                                  0%
             Abstain                                        1,500                             0.0001%
             Total Agree                                2,173,857,793                          100%

            Decisions of the Third Meeting Agenda are as follows:

            granting authority to the Company's Board of Commissioners to design, determine, and enforce the salary
            and benefits system for the Company's Directors, as well as salaries or honoraria and benefits for the
            Company's Board of Commissioners for the 2024-2025 term of office, while taking into account the
            recommendations of the Company's Nomination and Remuneration Committee.

     IV.    AGENDA OF THE FOURTH MEETING

            The results of decision-making are decided through a majority vote as follows:

                        Decision                       Number of shares                      Percentage
             Agree                                      2,173,856,393                        99.9999%



PT ARKORA HYDRO TBK
Page 4
                                                                                                     PT ARKORA HYDRO TBK
                                                                                              Treasury Tower Level 9 Unit G-H
                                                                                                         District 8 SCBD Lot 28
                                                                                                  Jl. Jend. Sudirman Kav 52-53
                                                                                                       Jakarta 12190, Indonesia
                                                                                                Telephone +62 (021) 50333144
                                                                                                               www.arkora.com


             Disagree                                         0                                0%
             Abstain                                        1,400                           0.0001%
             Total Agree                                2,173,857,793                        100%

            Decisions of the Fourth Meeting Agenda are as follows:

           1. Authorize the Board of Commissioners of the Company with the consideration of the Audit Committee
              of the Company to appoint an Accounting Firm to audit the Consolidated Financial Statements of the
              Company and its Subsidiaries for the financial year ending on 31 December 2024; and

           2. Authorize the Board of Directors of the Company to determine the amount of honorarium and other
              requirements in connection with the appointment of the public accounting firm in accordance with
              applicable regulations.

      V.    AGENDA OF THE FIFTH MEETING
            In accordance with Article 6 of the Financial Services Authority Regulation Number 30/POJK.04/2015
            regarding the Report on the Realization of the Use of Public Offering Proceeds, public companies are
            required to account for the realization of the use of public offering proceeds at each Annual General
            Meeting of Shareholders until all public offering proceeds have been realized and must be one of the
            agenda items at the Annual General Meeting of Shareholders which is a report, so it does not require
            shareholder approval.

            Therefore, the Meeting did not open a question and answer session and decision-making session for the
            fifth agenda item.


                                               Jakarta, 3 April 2024
                                              PT Arkora Hydro Tbk
                                                     Director




PT ARKORA HYDRO TBK
Page 5
                                                                                                  PT ARKORA HYDRO TBK
                                                                                           Treasury Tower Level 9 Unit G-H
                                                                                                      District 8 SCBD Lot 28
                                                                                               Jl. Jend. Sudirman Kav 52-53
                                                                                                    Jakarta 12190, Indonesia
                                                                                             Telephone +62 (021) 50333144
                                                                                                            www.arkora.com


                                   ANNOUNCEMENT OF
                 RATIFICATION BY THE GENERAL MEETING OF SHAREHOLDERS
      ON THE COMPANY'S CONSOLIDATED FINANCIAL STATEMENTS FOR THE FISCAL YEAR 2023
                                  PT ARKORA HYDRO Tbk

In compliance with Article 68 paragraph (4) of Law No. 40 of 2007 on Limited Liability Companies, the Board of
Directors of PT Arkora Hydro Tbk (the "Company") hereby announces that the Consolidated Financial Statements of
the Company and its Subsidiaries for the fiscal year 2023 audited by Imelda & Rekan Public Accounting Firm have
been ratified at the Company's Annual General Meeting of Shareholders held on Monday, April 1, 2024.

                                             Jakarta, 3 April 2024
                                            PT Arkora Hydro Tbk
                                                   Director




PT ARKORA HYDRO TBK
Page 6
                             PT ARKORA HYDRO TBK
                      Treasury Tower Level 9 Unit G-H
                                 District 8 SCBD Lot 28
                          Jl. Jend. Sudirman Kav 52-53
                               Jakarta 12190, Indonesia
                        Telephone +62 (021) 50333144
                                       www.arkora.com




PT ARKORA HYDRO TBK

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Names mentioned 13 people and organisations named in the text · linked when the evidence is strong

linked org ARKORA HYDRO TBK p.1 ×58
linked person Iwan Hadiantoro p.1
linked person Aldo Henry Artoko p.1
linked person Ricky Hartono p.1
possible person Indarto p.1
unresolved org Indonesia Stock Exchange p.1
unresolved org Financial Services Authority p.1 ×2
unresolved person Darmawan Tjoa · Notaris p.1
unresolved org PT Arkora Hydro Tbk’s Environmentally Bonds I. p.1
unresolved person Arya Pradana Setiadharna p.1
unresolved person Ismu Nugroho p.1
unresolved person Boy Gemino Kalauserang p.2
unresolved org Imelda & Rekan p.2 ×2

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