August, 28 2020

RESULT ANNOUNCEMENT TO SHAREHOLDERS (28 Agust 2020)

 
ANNOUNCEMENT OF ANNUAL GENERAL MEETING RESULTS
TO SHAREHOLDERS

Annual General Meeting of Shareholders (AGM) of PT. Betonjaya Manunggal Tbk. (Perseroan) was held of Wednesday 26th August 2020 at the meeting hall of PT. Gunawan Dianjaya Steel Tbk. (an affiliated company) Jl. Margomulyo No. 29A, Surabaya from 11:48am until 12:24pm Western Indonesian Time with meeting agenda as according to Invitation to AGM dated 3rd August 2020. It was attended by 1-one member of the Board of Directors and all members of the Board of Commissioners of the Company and holders of 644.000.000 shares with legitimate voting rights or 89,44% of all shares of the Company that is 720.000.000 shares.

Leader of the meeting gave opportunities to attendants of meeting to inquire and provide responses as to whether they agree/disagree before decision on every agenda item discussed in the AGM is taken and there was no attendant of the meeting who made enquiries, took an absence of vote and disagreed on each item.

Mechanisms for decision-making in the AGM are:
-    Deliberation and consensus for shareholders who are physically present in the AGM, and/or;
-    Via the system provided by the e-RUPS provider.


All attendants of the Annual General Meeting has agreed on the following matters:

1. AGM has decided unanimously to approve and well accept the Directors’ Annual Report regarding the condition and the course of operation of the Company for the year 2019.
2. AGM has decided unanimously to approve and ratify the Company’s Financial Reports for the year ended 31st December 2019 that have been audited by Public Accountant Firm of Hadori Sugiarto Adi & Rekan whom on which expresses an unqualified opinion.
   This means that the The AGM also has granted full release and discharge of responsibility to the members of Board of Directors and Board of Commissioners over their management and supervisory functions which have been conducted during year 2019, as long as the management and supervisory actions conducted are reflected in the Company’s yearly reports and its Financial Reports.
3. AGM has decided unanimously and by acclamation decides to give approval on the amount of grant salary/honorarium for the Company’s Board of Commissioners  for the year 2020 at maximum of 20% of the Board of Directors’ salary and allowance and to grant authority to the Board of Commissioners to decide on the amount of salary and allowance of the Company’s Board of Directors.
4. AGM has decided unanimously to grant authority to the Company’s Commissioners to decide on and assign a Public Accountant which will conduct audit over the Company’s Financial Report for the 2020 while considering the following factors:

1. Granting sufficient time for the Board of Commissioners to choose and to decide the Public Accountant who will check Financial Report of the Company for the year 2020.
2. The criteria for the Public Accountant who will be appointed by the Board of Commissioners is one who is registered in the Financial Service Authority (OJK).

 Elucidation on voting results on each agenda is as stated below:

Agenda Item	Total Shares present	Agree	Disagree	Abstain
1st Agenda	644.000.000	644.000.000 shares atau 89,44% of all Company’s shares	0	0
2nd Agenda	644.000.000	644.000.000 shares atau 89,44% of all Company’s shares	0	0
3rd Agenda	644.000.000	644.000.000 shares atau 89,44% of all Company’s shares	0	0
4th Agenda	644.000.000	644.000.000 shares atau 89,44% of all Company’s shares	0	0

Gresik, 28th August 2020
PT. BETONJAYA MANUNGGAL TBK.
DIRECTORS