Directors of PT Rukun Raharja Tbk. (The "Company") hereby announces that the Annual General Meeting of Shareholders ("Annual General Meeting") and the General Meeting of Shareholders Extraordinary ("Extraordinary General Meeting") of the Company held on Wednesday, June 11, 2014, have agreed as follows:

Annual General Meeting:

1. a. Receive and approved the Annual Report for the fiscal year ended December 31, 2013 including the Report of Supervisory Board of Commissioners during the financial of year 2013; b. To approve and ratify the Company's financial statements for the fiscal year ended December 31, 2013 audited by Public Accountant Office Husni, Mucharam & Rasidi with an unqualified opinion as evident from the report No. LAI/GA/14035 dated March 25, 2014, thus giving responsibilities release and discharge (acquit et de charge) to the members of the Board of Directors and the Board of Commissioners for management and supervisory actions they have done during the fiscal year 2013, the whole action- their actions are reflected in the Annual Report and Financial Statements of the Company for the financial year 2013.

2. Approve the use of the Current Year Earnings for the fiscal year ended December 31, 2013 the amount of USD 5,438,952, - or by using the exchange rate of Bank Indonesia, as of December 31, 2013 amounted to Rp 12,189,- thus equivalent to Rp 66.295.385.928, - as follows: a.) Rp 100,000,000, - (one hundred million rupiah) will be used for the Reserve Fund referred to in Article 70 paragraph 1 of the Company Law; and  b.) The rest of the Year Profit Attributable to Owners of the parent (Earnings Current Year) after deducting the Reserve Fund will be recorded as retained earnings of the Company.

3. Approved to authorize the Board of Directors to appoint independent public accounting firm to audit the books of the Company for the financial year ended December 31, 2014, and authorize the Directors to determine the honorarium of Certified Public Accountants and its other requirements appointment.

4. a.) Authorized the Board of Commissioners to determine the remuneration and other benefits of the members of the Board of Directors; b.) Setting a honorarium and allowances for the Board of Commissioners a maximum of Rp 2.574 billion, - (two billion, five hundred and seventy-four million Rupiah) per year and gives authority to the Commissioner to determine the amount of honorarium and allowances for each member of the Board of Commissioners.

5. a. Appoint members of the Board of Directors and the new Board of Commissioners for a term within the budget of the Company which will be decided at the Extraordinary General Meeting to be held after the close of the Annual General Meeting, with the following composition:

Management
President Director: Budiman Parhusip
Director: Priyo Saryanto Brodjonegoro
Director: Djauhar Maulidi

Board of Commissioners
Commissioner: Rudiantara
Commissioner: Rachmat Gobel
Independent Commissioner: Muhammad Senang Sembiring

b. Provide authority and power to the right of substitution to the Board of Directors to perform all necessary actions in connection with the appointment of members of the Board of Directors and the Board of Commissioners


RESULT OF EXTRAORDINARY GENERAL MEETING

1. Approved to amend Article 11 paragraph (4) of the Articles of Association regarding the term of office of the Board of Directors of the Company is as follows:

DIRECTORS
Article 11

11.4 The Directors appointed by the General Meeting of Shareholders, each for a period of time until the conclusion of the Annual General Meeting of Shareholders of the third after the appointment of the Directors referred, without prejudice to the right of the General Meeting of Shareholders to dismiss members of the Board of Directors at any time after the member Directors are given the opportunity to defend himself, except in question is not an objection to the dismissal. Thus dismissal effect from the closing of deciding dismissal, unless the dismissal date specified otherwise by the General Meeting of Shareholders.


2. Approved to amend Article 14 paragraph (4) of the Articles of Association regarding the term of office of the Board of Commissioners is as follows:

BOARD OF COMMISSIONERS
Article 14

14.4 Members of the Board of Commissioners appointed by the General Meeting of Shareholders, each for a period of time until the conclusion of the Annual General Meeting of Shareholders after the appointment of the third member of the Board of Commissioners


without prejudice to the right of the General Meeting of Shareholders to dismiss members of the Board of Commissioners at any time after the Board of Commissioners were given the opportunity to defend himself, except in question is not an objection to the dismissal. Thus dismissal effected from the closing of deciding dismissal, unless the dismissal date specified otherwise by the General Meeting of Shareholders.

3. Provide power and authority to the Board of Directors to perform all necessary actions related to the change in the Company's Articles of Association, and no one is excluded.

 

Jakarta, Juni 12, 2014
PT Rukun Raharja Tbk.
Board of Director

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