Results of EGMS

Dec 14, 2016
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ANNOUNCEMENT

SUMMARY OF MINUTES OF EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

PT HARUM ENERGY TBK

(“Company”)

 

 

The Board of Directors of the Company hereby announce that the Extraordinary General Meeting of Shareholders (“EGMS”) was held on Friday, 9th December 2016, at 14.10 – 14.26 pm, at Gallery Room- Pullman Hotel, Jl. MH. Thamrin No. 59, Central Jakarta.

 

Agendas:

The agendas of EGMS were as follow:

  1. Approval on the Company’s buyback program;
  2. Change of the Board’s composition.

 

Attendance of The Boards

EGMS were attended by the members of Board of Commissioners and Board of Directors, as follow:

 

Board of Commissioners

Board of Directors

Commissioner                          : Steven Scott Barki

President Director        : Ray Antonio Gunara

Independent Commissioner  : Agus Rajani Panjaitan

Director                          : Ir. Eddy Sumarsono

 

Director                          : Kenneth Scott Andrew Thompson

 

Quorum of Attendance

The quorum of attendance of the shareholders or their proxies from the total of Company’s paid up capital, after deducted by the number of treasury stocks from buyback program of 63.128.300 shares, was as follow:

 

Descriptions

Attendances

Number of shares

2,097,832,613

Percentage

79.449%

 

Availability of Question and Answers (Q&A) Session

As described in the Meeting Guidance, in which were distributed to each shareholder, question and answer sessions were available for each Meeting’s agendas. However, there were no questions raised by the shareholders on each agenda.

 

Mechanism of Resolution

The mechanism to draw resolutions was based on deliberations for a consensus. In the event of any shareholder or his/her proxy votes against or abstain towards the proposed resolution, the resolution shall be made based on voting mechanism.

 

 

 

 

 

Voting Results and Resolutions

 I. The voting results were as follows:

 

Agenda

Voting Results

Agree

DIsagree

Abstain

1

2,029,659,316 shares

(96.750%)

67,853,197 shares

(3.234%)

320,100 shares

(0.015%)

2

2,039,693,834 shares

(97.229%)

58,877,879 shares

(2.711%)

1,260,900 shares

(0.060%)

 

Results of the EGMS are as follows:

 

  1. Approved the Company’s shares buyback program with a maximum of 207,233,700 shares or equal to 7.67% from Company’s total paid-up capital.

 

  1.  
    1. To dismiss with respect Bapak David John Heap as Company’s Independent Director since the closing of this EGMS, with delivering profound gratitude toward his contribution while serving as Independent Director;
    2. Approved the appointment of Bapak Hadi Tanjaya as new Independent Director of the Company for the remaining period of Director being replaced, after the closing of this EGMS.

 

 

Jakarta, 14 December 2016

PT Harum Energy Tbk

Board of Directors