A. Annual GMS
In 2019, the Company has held the Annual GMS in accordance with the laws and regulations, namely the GMS for the 2019 Company Work Plan and Budget and the GMS for the 2018 Annual Report, and has made a Notary Deed of the Annual GMS implementation. Throughout the year, Pertamina has implemented the results of the GMS and thus no GMS decisions have not been realized as of December 31, 2019.
I. Annual GMS 2019 Fiscal Year Report
- GMS Agenda
| No. | Agenda | Description |
|---|---|---|
| 1. | Agenda 1 | Submission of the 2018 Fiscal Year Annual Report (two thousand and eighteen) |
| 2. | Agenda 2 | Approval of the Annual Report including the Ratification of the Company’s Financial Statements accompanied by the Provision of Full Settlement and Release of Liability (volledig acquit et de charge) to the Board of Directors and Board of Commissioners |
| 3. | Agenda 3 | Proposal and determination of the use of profit for the 2018 financial year. |
| 4. | Agenda 4 | Proposal and determination of the appointment of a Public Accounting Firm (KAP) for the 2019 Fiscal Year. |
| 5. | Agenda 5 | Proposal and Determination of Performance Award (Tantiem) to the Board of Directors and Board of Commissioners for Fiscal Year 2017. |
| 6. | Agenda 6 | Proposal and Determination of Remuneration for the Board of Directors and Board of Commissioners for Fiscal Year 2019. |
- Summary of Minutes of GMS:
The resolutions of the GMS Annual Report for the 2018 Fiscal Year of PT Pertamina EP Cepu between the Shareholders, the Board of Commissioners and the Board of Directors, were ratified in Deed No. 47 dated 16 May 2019 concerning Minutes of the 2018 Annual General Meeting of Shareholders of PT Pertamina EP Cepu prepared by Notary Marianne Vincentia Hamdani, SH., in which the Shareholders approved and ratified the entire agenda of the 2018 Fiscal Year Annual General Meeting of Shareholders.
- Important date information
| Important date information | ||
|---|---|---|
| 1. | GMS Invitation Date | 18 April 2019 |
| 2. | GMS Date | 16 Mei 2019 |
| 3. | Announcement of Summary of GMS Minutes | 16 Mei 2019 |
B. Extraordinary GMS
In 2019, the Company’s Shareholders have taken shareholders’ decisions as a substitute for the Extraordinary GMS (Circular Decisions) for 5 (five) 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.