In 2016, the General Meeting of Shareholders (GMS) was held once, on 2 June 2016. The meeting covered both Annual General Meeting of Shareholders (AGM) and Extraordinary General Meeting of Shareholders (EGM).
The AGM agreed upon several points, namely, the approval of Annual Board of Director Report for 2015; approving the salary of the Board of Commissioners in 2016 up to 20% from the salary and grant of the Board of Directors; granting the authority to the Commissioners to determine the salary and allowance for the Board of Directors; and approving to grant authority to the Board of Directors to establish and determine the Public Accountant Office which will check the financial Report of the Company in 2016.
The EGM agreed upon the revision of the Articles of Association of the Company regarding the stock value of Rp100 per share into Rp25 per share, therefore the previous outstanding shares that was amounted 180.000.000 is currently amounts to 720.000.000 shares.
All decisions made at the AGM in 2016 have been implemented by the concerning parties