Announcement of Summary Minutes of Extraordinary General Meeting of Shareholders

May 13, 2022
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ANNOUNCEMENT

SUMMARY MINUTES OF ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT HARUM ENERGY TBK.

The Board of Directors of PT Harum Energy Tbk. (the “Company”) hereby announce that the Extraordinary General Meeting of Shareholders (“EGMS”) 2022 was held on Wednesday, 11 May 2022, at 10.33 – 10.42 Western Indonesian Time, at the Deutsche Bank Building, 17th Floor, Jl. Imam Bonjol No. 80, Central Jakarta.

Agenda

As stipulated in the EGMS Invitation, the agenda of the EGMS are as follows:

Approval of the Company’s Stock Split and amendment of Article 4 of the Articles of Association of the Company in relation to the Stock Split.

Attendance of the Board of Commissioners and the Board of Directors

EGMS

Commissioners

Director

Independent Commissioner:

Dody Hasril

 

President Director:

Ray Antonio Gunara

Director:

Peter Suwardi

Quorum of Attendance

The quorum of attendance by the Company’s shareholders or their legal attorneys of the Company’s total issued and paid-up capital, after deducting the treasury shares in the amount of 71,982,800 shares, were as follow:

Descriptions

EGMS

Number of shares attended

2,229,719,249

Percentage

84.727%

Question and Answers (Q&A) Session

As described in the EGMS Rules that has been distributed to all shareholders, each Agenda provided the shareholders or their attorneys with the opportunity to raise questions. In the AGMS, there was no question raised from the shareholders or their attorneys related to the materials presented for all agenda of the AGMS. 

Mechanism of Resolution

Decisions are taken by deliberation to reach consensus. However, if there are any shareholders or their attorneys who do not agree or cast a blank vote, the decision will be made by voting based on affirmative votes of more than 2/3 (two-third) of the total shares validly cast at the Meeting.

Voting Results and Resolutions

The voting results of the EGMS of the Company were as follows:

Agenda

Voting Result

Agree

Disagree

Abstain

1

2,229,718,749 shares

(99.99%)

500 shares

 

-

 

Results of the EGMS were as follows:

  1. Approved the Company's stock split, in which every 1 (one) share of the Company currently with a nominal value of Rp100,- (one hundred Rupiah) is split into 5 (five) shares, each with a nominal value of Rp20,- (twenty Rupiah), so that a shareholder who, as at the Recording Date, owns 1 (one) share with a nominal value of Rp100,- (one hundred Rupiah) will own 5 (five) shares, each with a nominal value of Rp20,- (twenty Rupiah).

  2. Approved the amendment of the Article 4 paragraph 1 and paragraph 2 of the Articles of Association of the Company (“AOA”) in relation to the stock split of the Company as set out in the following table:

    Article 4 paragraph 1 and paragraph 2 of the current AOA

    Proposed amendment to Article 4 paragraph 1 and paragraph 2 of the AOA

    Paragraph 1

    The authorised capital of the Company is in the amount of Rp1,000,000,000,000,- divided into 10,000,000,000 shares, each with a nominal value of Rp100,- .

    Paragraph 1

    The authorised capital of the Company shall be in the amount of Rp1,000,000,000,000,- divided into 50,000,000,000 shares, each with a nominal value of Rp20,- .

    Paragraph 2

    Of the above authorised capital, 27.03% or 2,703,620,000 shares with a total nominal value of Rp270,362,000,000,- has been subscribed and fully paid.

    Paragraph 2

    Of the above authorised capital, 27.03% or 13,518,100,000 shares with a total nominal value of Rp270,362,000,000,- has been subscribed and fully paid.

  3. Granted power and authority to the Board of Directors of the Company, with the right of substitution, to take any and all necessary actions in respect of the implementation of the Company’s Stock Split, including but not limited to determining and stipulating the procedures and schedule for the implementation of the stock split nominal shares in accordance with the applicable  regulations in the Capital Market sector, to be restated/expressed in a notarial deed to obtain approval and/or receive notification from the Ministry of Law and Human Rights of the Republic of Indonesia or other authorized agencies and implement all and any necessary actions in accordance with statutory regulations. The grant of attorney is effective since the proposal submitted is approved by the Meeting.

Jakarta, 13 May 2022

PT Harum Energy Tbk

Board of Directors