AGMS and EGMS of 2018
A. Annual GMS
In 2018, the Company has conducted the Annual GMS in accordance with the laws and regulations, namely the 2017 Annual GMS Report and has made a Notary Deed of the implementation of the Annual GMS. Throughout the year, Pertamina has implemented the results of the GMS and thus no GMS decisions have not been realized as of December 31, 2018.
I. Annual GMS 2017 Fiscal Year Report
- GMS Agenda
| No. | Agenda | Description |
|---|---|---|
| 1. | Agenda 1 | Submission of the 2017 Fiscal Year Annual Report. |
| 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 the Board of Commissioners. |
| 3. | Agenda 3 | Determination of Use of Profit for Fiscal Year 2017. |
| 4. | Agenda 4 | Determination of the appointment of a Public Accounting Firm (KAP) to conduct the 2018 Fiscal Year Audit. |
| 5. | Agenda 5 | Determination of awards for performance (Tantiem) to the Board of Directors and Board of Commissioners for Fiscal Year 2017. |
| 6. | Agenda 6 | Determination of Remuneration for the Board of Directors and Board of Commissioners for the 2018 Financial Year. |
- Summary of Minutes of GMS:
The resolutions of the GMS for the 2017 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 2017 Annual Report of PT Pertamina EP Cepu (PEPC), where the Shareholders approved and ratified all agenda of the GMS Annual Report for Fiscal Year 2017.
- Important date information
| Important date information | ||
|---|---|---|
| 1. | GMS Invitation Date | 13 Maret 2018 |
| 2. | GMS Date | 21 Maret 2018 |
| 3. | Announcement of Summary of GMS Minutes | 21 Maret 2018 |
B. Extraordinary GMS
In 2018, the Company’s Shareholders have taken shareholder decisions as a substitute for the Extraordinary GMS (Circular Decisions) 7 (seven) 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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