23.06.2016 | news
ANNOUNCEMENT SUMMARY OF MINUTES ANNUAL GENERAL MEETING OF SHAREHOLDERS PT PROVIDENT AGRO Tbk.

-

ANNOUNCEMENT SUMMARY OF MINUTES

ANNUAL GENERAL MEETING OF SHAREHOLDERS

PT PROVIDENT AGRO Tbk.

To complywith section 32.1 and 34 of Otoritas Jasa Keuangan’s regulation No.32/POJK.04/2014 dated 8 December 2014 concerning the Plan and Arrangement ofGeneral Meeting of Shareholders of Public Listed Company (hereinafter referredto as “POJK No. 32”), the Board of Directors of PT Provident Agro Tbk(hereinafter referred to as  the“Company”), hereby announce to all shareholders that the Company has held theAnnual General Meeting of Shareholders (“Meeting”) on :

Day/Date                             :  Tuesday/21 June 2016

Time                                      :  14.29 until 14.57 WIB

Venue                                  :  Grand Capitol Ballroom, Hotel Manhattan

                                                    Jl.Prof. Dr. Satrio, Kav. 1, Kuningan, Jakarta Selatan 12950

A.     Meeting Agenda        :  1.      Approvalfor the Annual Report Year 2015, include Reports on the Company’s activities, and the Board of Commissioners’ supervision;

                                                        2.       Ratification of the Company’s ConsolidatedFinancial Statements for the year ended 31 December 2015;

                                                        3.       Appointment of Public AccountOffice to audit the Company’s Consolidated Financial Statement for Fiscal Year2016;

5.        Determinationof the remuneration to the members of the Board of Commissioners and the Boardof Directors for Fiscal Year 2016.

B.    The members of the Board of Directors andBoard of Commissioners attended to the Meeting:

C.      Shareholders’ Attendance’s Quorum

TheMeeting was presented by  6.306.863.788 (six billion three hundred six million eight hundred sixty threethousand and seven hundred eighty eight) or 88.59% (eighty eight point fifty ninepercent) shares with valid voting rights/of all shares with valid voting rightsissued by the Company.

D.      Question/Answer Opportunities

In theMeeting, the shareholders and/or their proxies were given the opportunities tosubmit their questions and/or opinions related to the agenda of the Meeting.

E.       Numbers of Shareholders Submitting Questions

Agenda 1up to Agenda 4     : No question

F.       Mechanism for resolutions of the Meeting asfollows:

Resolutionsof the Meeting were resolved based on mutual consents. In the event suchresolutions could not be reached with mutual consents, resolution to beresolved by way of voting.

G.     Meeting’s Resolution

Agenda 1:

        Approved by 6,306,863,788 votes or 100 %of the shares with voting rights present at the Meeting.

·        The result of resolutions                                :

The Meeting mutually agrees to approve proposalssubmitted in Agenda 1.

·        The resolution of Agenda 1          :

1.                  Approval and ratificationof The Company’s Annual report for Fiscal Year 2015, includes the Report on theSupervisory of the Board of Commissioners;

2.                  Granting full release anddischarge to the Company’s Board of Directors and the Board of Commissioner inregards to the management and supervision performed throughout Fiscal Year 2015,to the extent that their actions were reflected in the Company’s FinancialReport and not inconsistent with the provisions of the laws and regulations.

Agenda 2 :

        Approved by 6,306,863,788 votes or 100 %of the shares with voting rights present at the Meeting.

·        The result of resolutions                                :

The Meeting mutually agrees to approve proposalssubmitted in Agenda 2.

·        The resolutions of Agenda 2        :              

Approval and ratification of The Company’sConsolidated Financial Statements for Fiscal Year 2015 audited by KantorAkuntan Publik Tanubrata Sutanto Fahmi & Rekan in accordance withaccountant public office’s report issued on 2 March 2016, numbered  129/6.P078/FXP.2/12.15, with an opinion: Unqualified Opinion.

Agenda 3 :

        Approved by 6,306,863,788 votes or 100 %of the shares with voting rights present at the Meeting.

·        The result of resolutions                                :

The Meeting mutually agrees to approve proposalssubmitted in Agenda 3.

·        The resolutions of Agenda 3        :

1.      Approval for the grantingof authority  for  the appointment of Public Accountant Officeto audit the Company’s Consolidated Financial Statement for fiscal year ended31 December 2016 to the  Company’s Boardof Directors, with the approval from  theCompany’s Board of Commissioners, and the condition that such appointed PublicAccountant Office is registered with Otoritas Jasa Keuangan (OJK).

2.      Granting fullauthorization to the Company’s Board of Directors to determine honorarium andother requirements for such appointment, with recommendation from the Company’sBoard of Commissioners.

Agenda 4:

        Approved by 6,306,863,788 votes or 100 %of the shares with voting rights present at the Meeting.

·        The result of resolutions                                :

The Meeting mutually agrees to approve proposalssubmitted in Agenda 4.

·        The resolutions of Agenda 4        :

Approval on the granting of authorization tothe Board of Commissioners to determine salary, honorarium and other benefitsto the member of the Board of Directors and honorarium of the Board ofCommissioners for year 2015 upon recommendation Nomination and remunerationcommittee of the Company.

Jakarta, 23 June 2016

PTPROVIDENT AGRO Tbk.

Board of Directors