ANNOUNCEMENT OF THE RESOLUTION OF ANNUAL GENERAL MEETING OF SHAREHOLDERS AND EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS PT ELECTRONIC CITY INDONESIA Tbk

PT ELECTRONIC CITY INDONESIA Tbk, located at Jakarta Selatan, hereby declared that on Monday, June 29th, 2015 in Flores A Room, Hotel Borobudur, Jalan Lapangan Banteng Selatan No.1, Jakarta Pusat 10710, has held Annual General Meeting of Shareholder (AGMS) and Extraordinary General Meeting of Shareholders (EGMS) PT ELECTRONIC CITY INDONESIA Tbk (“the Company”).  The AGMS commenced at 10.20 WIB and the meeting was attended by Board of Commissioners of the Company:

A. Member of Board of Commissioners and Directors Attending the Meeting:

Board of Commissioners Direksi

-Commissioner : Mr. Stephen Pribadi

-Independent Commissioner : Mr. Yuli Soedargo

-Independent Commissioner : Mr. Grant Scott Ferguson

-President Director : Ms. Ingrid Pribadi

-Director : Mr. Fery Wiraatmadja

-Director : Mr. Made Agus Dwiyanto

-Independent Director : Mrs. Anita Angeliana

B. The Presence of Quorum

The AGMS was attended by the Company’s Shareholders (“Shareholders”) or the proxy of the Shareholders in the amount of 1,081,268,800 shares representing 81,03% out of a total 1,334,333,000 shares which have been issued by the Company.

C. Meeting Agenda

Meeting Agenda of AGMS:

  1. Accepting and approving the Company’s 2014 Annual Report. Approving the Company’s Financial Statements for the year ended December 31, 2013 which were audited by Mulyamin Sensi Suryanto.
  2. Approving the appropriation of the Company’s net profit for the year 2014 including the Company’s reserve and dividend policy.
  3. Appointment of Public Accountant to audit the Company’s Financial Statements for the year ended December 31, 2015 and to authorize the Board of Commissioners to determine the honorarium of the Public Accountant.
  4. Approving the total remuneration of the Board of Commissioners and Board of Directors for the year 2015.
  5. Approving the appointment of Board of Commissioners and Board of Directors.

D. Questions and Answers (“Q&A”)

In the AGMS, the Shareholders or the proxy of Shareholders which attended have been given the opportunity for Q&A with the scope ofthe Q&A relating to the deliberations of the AGMS.

 

E. Decision Making Mechanism

Decision was taken by deliberation, however if there was disagreement or blank statement made by Shareholders or Power of Attorney, therefore the decision was made through voting by submitting ballots.

F. Meeting Resolution of AGMS 

First AGMS Agenda
Total of Asking Shareholders [0 person ]
Voting Result Agree Abstain Disagree
1,081,268,800 shares or 100% of the attendance, therefore was agreed by full vote 0 Share 0 Share or 0%

 

AGMS First Decision

1. To approve the Company Financial Statement of 2014

2. To ratify Company Financial Report for the fiscal year ended at 31 December 2014, which has been audited by Public Accountant Mulyamin Sensi Suryanto & Lianny (Moore Stephens) with unqualified opinion, as stated in Report 04350915SA, dated March 27, 2015.

3. To give discharge and full release (acquit et de charge) to all members of the Board of Commissioners and Directors for administration and authorization, which have been held within accounting year ended at December 31, 2014 as reflected in Company Financial Report.

 

Second AGMS Agenda
Total of Asking Shareholders [0 person ]
Voting Result Agree Abstain Disagree
1,081,268,800 shares or 100% of the attendance, therefore was agreed by full vote 0 Share 0 Share or 0%

 

AGMS Second Decision

To approve the utilization of company net profit for fiscal year ended at 2014 as follows:

  1. Rp 1,000,000,000,- (one billion rupiah) stipulated as General Reserve to fulfill the provision of Article 70 Legislation No. 40 Year 2007 regarding Limited Company.

  2. Rp. 12,946,248,374,- (twelve billions nine hundred fourty six million two hundred fourty eight thousand and three hundred seventy four) or 10% from the stated amount as dividend and will be distributed in the form of cash dividend to all shareholders listed under Company Shareholder List, dated July 9, 2015 and will be paid on July 31, 2015.

  3. The remaining amount of Rp. 115,516,235,364,- (one hundred fifteen billion five hundred sixteen million two hundred and thirty five thousand three hundred sixty four) will serve as Retained Earning to support the development of Company.

  4. Subsequently, to authorize Directors to regulate the referred cash dividend payment procedure.

 

Third AGMS Agenda
Total of Asking Shareholders [0 person ]
Voting Result Agree Abstain Disagree
1,081,268,800 shares or 100% of the attendance, therefore was agreed by full vote 0 Share 0 Share or 0%

 

AGMS Third Decision

To approve the proposal of Board of Commissioners :

1.  To authorize Board of Commissioners to appoint public accountant firm to examine Company Financial Statement for the fiscal year ended December 31, 2015 and determine the amount of audit fee for the appointed public accountant.

2.  To authorize to Board of Commissioners to appoint the substituting public accountant, as according to Capital Market regulation, if the appointed public accountant is unable to perform the assigned duties.

 

Fourth AGMS Agenda
Total of Asking Shareholders [0 person ]
Voting Result Agree Abstain Disagree
1,081,268,800 shares or 100% of the attendance, therefore was agreed by full vote 0 Share 0 Share or 0%

 

AGMS Fourth Decision To approve and authorize to Board of Commissioners to determine remuneration package in form of salary and other allowances for Directors and Board of Commissioners for the Financial Year of 2015.

 

Fifth AGMS Agenda
Total of Asking Shareholders [ 0 person]
Voting Result Agree Abstain Disagree
1,076,279,200 shares or 99.54% of the attendance, therefore was agreed by full vote  0 shares 4,989,600  shares or 0.46%

 

AGMS Fifth Decision

Approving :

1.  Company accepted the resignation of Board of Commissioners and Directors in order to reappoint for tenure of 5 years. Therefore, the arrangement for Board of Commissioners and Directors are subsequently as follows:

Board of Commissioners :

President Commissioner : Hartono Tjahjadi Adiwana

Commissioner : Andi Bharata Winata

Commissioner : Stephen Pribadi

Independent Commissioner : Grant Scott Ferguson

Independent Commissioner : Yuli Soedargo

Director :

President Commissioner : Ingrid Pribadi

Director : Fery Wiraatmadja

Director : Made Agus Dwiyanto

Independent Director : Anita Angelina

2.  To authorize Directors to act as required in relation with above-mentioned decision, including to restate the decision regarding the changes of Directors structure in notarial deed and register under Company Registry according to applicable regulations.

 

 

 

EGMS:

A. Member of Board of Commissioners and Directors Attending the Meeting

Board of Commissioners Directors
-Commissioner : Mr. Stephen Pribadi
-Independent Commissioner : Mr. Yuli Soedargo
-Independent Commissioner : Mr. Grant Scott Ferguson
-President Director : Ms. Ingrid Pribadi
-Director : Mr. Fery Wiraatmadja
-Director : Mr. Made Agus Dwiyanto
-Independent Director : Mrs. Anita Angeliana

B. The Presence of Quorum

The EGMS was attended by the Company’s Shareholders (“Shareholders”) or the proxy of the Shareholders in the amount of 1,145,124,095 (one billion one hundred forty five million one hundred twenty four thousand ninety five) shares representing 85.82% (eighty five point eighty two percent) votes out of a total 1,334,333,000 (one billion three hundred thirty-four million three hundred thirty-three thousand) shares which have been issued by the Company.

C. EGMS Agenda

EGMS Agenda is as follow:

  • The Changes of Article of Association Provision to be adjusted with OJK regulation;

D. Questions and Answers (“Q&A”)

In the EGMS, the Shareholders or the proxy of Shareholders which attended have been given the opportunity for Q&A with the scope ofthe Q&A relating to the deliberations of the EGMS.

E. Decision Making Mechanism

Decision was taken by deliberation, however if there was disagreement or blank statement made by Shareholders or Power of Attorney, therefore the decision was made through voting by submitting ballots.

F. Meeting Resolution of EGMS

EGMS decision is as follow :

EGMS Agenda
Total of Asking Shareholders [ 0 person ]
Voting Result Agree Abstain Disagree
1,145,124,095 shares or 100% of the attendance, therefore was agreed by full vote 0 shares 0 shares or 0%

 

EGMS First Decision To authorize Directors to act as required in relation with above-mentioned decision, including to conduct the Changes in Company Article of Association to adjust with OJK Regulation No.32/POJK.04/2014 and No. 33/POJK.04/2014

Company EGMS was closed at 11.00 WIB.

 

 

 

Jakarta,  July 1, 2015

PT ELECTRONIC CITY INDONESIA Tbk.

DIRECTORS

Address

Head Office :
PT Electronic City Indonesia Tbk.
Jl. Jend. Sudirman Kav 52-53 Lot 22
Sudirman Central Business District (SCBD)
Jakarta Selatan 12190 - Indonesia
Website: www.electronic-city.com

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