Arita to Host the 2014 Annual General Meeting of Shareholders


The Annual General Meeting of Shareholders and Extraordinary General Meeting of Shareholders was held on February, 09 June 2014 at the Seminar 1 Room of Indonesia Stock Exchange Building, South Jakarta. The meeting was attended by all directors, all commissioners, shareholders, stakeholders, audit committee, media crew, and ARITA Employees. The result of the meetings is as follow.

Announcement of Decisions of

 Annual General Meeting of Shareholders and

Extraordinary General Meeting of Shareholders of

PT Arita Prima Indonesia Tbk.

 

Directors of PT Arita Prima Indonesia Tbk, hereinafter referred to as the "Company" is pleased to announce the results of the General Meeting of Shareholders and the Extraordinary General Meeting of Shareholders (the "Meeting”), which was held on June 9, 2014 in Seminar Room 1 - Building Indonesia Stock Exchange, Jakarta as follows:

 

General Meeting of Shareholders

  1. Approving and ratifying the 2013 Annual Report.
  2. Approving and ratifying the Annual Financial Statements includes the balance of the profit / loss for the year ended December 31, 2013 which have been audited by a Public Accountant Doll, Bambang, Sulistiyanto, Dada & Ali (dbsd & a) according to statements No. R. 4.1 / 060/03/2014 dated March 25, 2014 with the "Opinion Fair". And the appropriation of net income for the fiscal year ended December 31, 2013, is used to strengthen the company’s capital structure.

Giving release and discharge to all members of the Board of Commissioners and Board of Directors (acquit et de charge) for their management and supervisory function implemented during 2013, provided that the performance is reflected in the balance sheet and profit and loss of the year ended on December 31, 2013.

 

  1. Reporting the Utilization of Proceeds of Public Offering:

Capital costs Rp34,547,882,481, - (thirty four billion five hundred fourty-seven million eight hundred and eighty-two thousand four hundred and eighty one dollars)

  1. Payment Cost of Short-Term Bank Loans USD21,868,821,467, - (twenty one billion eight hundred sixty-eight million eight hundred twenty one thousand four hundred and sixty-seven dollars)
  2. Public Offering fee Rp4,083,850,400, - (four billion, eighty-three million eight hundred fifty thousand four hundred dollars).

 

Thus that all use of proceeds from the public offering are in line with projections as set out in the prospectus. As for the rest of the Public Offering Proceeds are nil.

 

 

  • Agreed to delegate to the Board of Commissioners to determine the amount of salary or honorarium and other allowances for members of the Board of Commissioners and Board of Directors of the fiscal year 2014.
  1. MESOP Program details as follows:

Participant

The management and employees at certain levels, including the Board of Directors, Members of the Board of Commissioners (not including Independent Commissioner), Employee Level Manager to above include subsidiaries. The number of participants MESOP program as many as 11 people.

Shares Issued a total of 40% of the total of the Distributed Option

43 million

Origin Shares

Management Stock Option Program and the Employees Stock Option Program (MSOP / ESOP) Phase 1

Face value

Rp100, - per share

Execution Price

Rp200, - per share

Phase 1 Implementation Period of MESOP

Tahun 2015
WE I = 30 Day Exchange starting from May 1, 2015

WE II = 30 Day Exchange starting from November 1, 2015

2016

WE I = 30 Day Exchange starting from May 1, 2016

WE II = 30 Day Exchange starting from November 1, 2016

2017

WE I = 30 Day Exchange starting from May 1, 2017

WE II = 30 Day Exchange starting from November 1, 2017

2018

WE I = 30 Day Exchange starting from May 1, 2018

WE II = 30 Day Exchange starting from November 1, 2018

 

  1. Approving MESOP Program Results
  2. Giving authority and Authorization to the Board of Commissioners to make adjustments on Issued and fully paid in line with MESOP program that has been approved.
  1. Delegate the Board of Directors with the approval of the Board of Commissioners to appoint an Independent Public Accounting Firm to audit the financial statements of the Company for the fiscal year ended December 31, 2014; and
  1. Giving authority and delegating the Board of Directors to determine the honorarium and other requirements in accordance with the appointment of the public accountant.
  2. Informed the shareholders about the reassertion of the management period of 2013-2016 as follows:

The Board of Commissioner

Commissioner                                                 : Lim Cheah Chooi

Commissioner                                                 : Sim Yee Fuan

Independent Commissioner                            : Ida Bagus Oka tilapia

The Board of Directors

Director                                                           : Low Yew Lean

Director of Finance                                         : Heru Susanto

Director of Business Development & Marketing       : Adhy Ariansyah

 

Extraordinary General Meeting of Shareholders :

 

  1. Approve to change the name of management position, from Director of the Company be Independent Directors.
  2. Approve and delegate the board of Directors with out the approval of the Board of Commissioners to make purchases on credit and loans or signing agreements with a nominal value of not more than 1% (one percent) of the total equity of the Company.

 

 

Jakarta, June 12, 2014

PT Arita Prima Indonesia Tbk.

Management