2017 Annual GMS and Extraordinary GMS

A. Annual GMS

In 2017, the Company has held the Annual GMS in accordance with the laws and regulations, namely the GMS for the 2016 Fiscal Year Annual Report and has made a Notary Deed of the implementation of the Annual GMS. Throughout the year, Pertamina EP Cepu (PEPC) has implemented the results of the GMS and thus no GMS decisions have not been realized as of December 31, 2017.

I. Annual GMS 2016 Fiscal Year Report

  • GMS Agenda
No. Agenda Description
1. Agenda 1 Submission of the 2016 Fiscal Year Annual Report.
2. Agenda 2

Annual Report Approval including:

  1. The Company’s Financial Statements are accompanied by the provision of full settlement and release of responsibility (Volledig Acquit et de charge) to the Board of Directors and the Board of Commissioners.
  2. Approval/ratification of the actions of Mr. Musa Umbas as Director of Business Support of the Company signed the transfer request and letter of authorization.
3. Agenda 3 Determination of the Use of Profit for Fiscal Year 2016.
4. Agenda 4 Determination of the appointment of a Public Accounting Firm (KAP) to conduct an Audit for the 2017 Fiscal Year.
5. Agenda 5 Determination of awards for performance (Tantiem) to the Board of Directors and the Board of Commissioners for Fiscal Year 2016.
6. Agenda 6 Determination of Remuneration for the Board of Directors and Board of Commissioners for the 2017 Financial Year.
  • Summary of Minutes of GMS:

The results of the GMS Resolutions for the 2016 Fiscal Year of PT Pertamina EP Cepu (PEPC) between the Shareholders, the Board of Commissioners and the Board of Directors, were ratified in the Minutes of the GMS for the Approval of the Annual Report of PT Pertamina EP Cepu (PEPC) for the 2016 Fiscal Year, where the Shareholders approved and ratified the entire agenda GMS Annual Report for Fiscal Year 2016.

  • Important date information
Important date information
1. GMS Invitation Date
2. GMS Date 23 Maret 2017
3. Announcement of Summary of GMS Minutes 23 Maret 2017

B. Extraordinary GMS

In 2017, the Company’s Shareholders have taken shareholder decisions as a substitute for the Extraordinary GMS (Circular Decisions) 4 (four) times. Based on Article 91 of Law no. 40/2007 concerning Limited Liability Companies and SOE Ministerial Decree no. Per-01/MBU/2011, the decisions taken in this way are valid and binding on all shareholders, the Company and the parties listed in the decision.

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