Invitation Annual General Meeting of Shareholders

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PT BUKIT ULUWATU VILLA Tbk.
(“Perseroan”)

INVITATION
ANNUAL GENERAL MEETING OF
SHAREHOLDERS

The Company’s Directors hereby invite the Company’s shareholders to attend the Annual General Meeting of Shareholders (“Meeting”) to be held on:

 

Day / Date        : Friday, June 28, 2019
Time                   : 3:00 p.m. – finished
Place                   : Alila SCBD Hotel, SCBD Lot 11a; Jl. Jendral Sudirman Kav. 52-53, Jakarta 12190

 

The Meeting Agenda is as follows:

1. To approve : (i) 2018 Annual Report and ratification of the Company’s consolidated financial statements, and (ii) reports on the supervisory duties of the Company’s Board of Commissioners, for the financial year ending on December 31, 2018;
Based on the provisions of the Company’s Articles of Association and Law No. 40 of 2007 concerning Limited Liability Companies (“Company Law”), annual reports and supervision reports of the Company’s Board of Commissioners must obtain approval from the Company’s General Meeting of Shareholders (“GMS”), and the Company’s consolidated financial statements must be approved by the GMS. Therefore, the Company submits this agenda at the Meeting.

2. To approve the use of the Company’s net profit for the financial year ending December 31, 2018;
Based on the provisions of the Articles of Association of the Company and the Company Law, the use of the Company’s net profit is decided at the GMS. Therefore, the Company submits this agenda at the Meeting.

3. To approve the public accounting firm to conduct an audit of the Company’s financial statements for the financial year ended 31 December 2018, as well as granting authority to the Directors of the Company in determining the honorarium to designated public accountants;
Based on the provisions of the Company’s Articles of Association, the Company’s Annual General Meeting of Shareholders will establish a public accountant to conduct an audit of the Company’s current books. Therefore, the Company submits this agenda at the Meeting.

4. To approve the delegation of authority to the Board of Commissioners of the Company regarding the determination of honorarium and other benefits for members of the Board of Directors and members of the Board of Commissioners of the Company;
Based on the provisions of the Articles of Association of the Company and the Company Law, basically the amount of honorarium and other benefits for members of the Board of Directors and members of the Board of Commissioners of the Company is determined by the GMS, where the authority of the GMS can be delegated to the Board of Commissioners. Therefore, the Company submits this agenda at the Meeting.

5. To approve the change the composition of the Company’s Board of Directors.
Based on the provisions in the Articles of Association and Company Law that, changes in the composition of the Board of Directors of the Company must obtain approval from the GMS.

Note:

1. This advertisement is an official invitation to the Company’s shareholders.

2. Shareholders who are entitled to attend or be represented at the Meeting are:

  • for the Company’s shares that have not been included in the collective custody, only the shareholders or the power of legitimate shareholders whose names are listed in the list of the Company’s shareholders in the Company’s Securities Administration Bureau, PT Electronic Data Interchange Indonesia, until 28 May 2019 by 16:00 WIB.
  • for the Company’s shares that are in collective custody, only the shareholders or power of legitimate shareholders whose names are registered at the account holder or custodian bank of the Indonesian Central Securities Depository on May 23, 2019 until 16:00 WIB .

3. a. The Company’s shareholders unable to attend can be represented by their proxies by bringing a valid power of attorney as determined by the Company’s Board of Directors (“Power of Attorney”) provided that members of the Board of Commissioners and employees of the Company can act as attorneys at the Meeting but whose votes they spend not counted in voting.

3. b. The Power of Attorney Form can be obtained during business hours on every working day at the Company’s Office, PT Bukit Uluwatu Villa Tbk., 12th Floor of Talavera Office Park, Jl. TB. Simatupang Kav. 22-26, Cilandak, South Jakarta 12430.

3. c. All Power of Attorney must be received by the Company’s Board of Directors no later than 3 (three) working days prior to the Meeting date.

4. Shareholders or proxies who will attend the Meeting are kindly requested to bring and submit a photocopy of the collective share certificate and identity card in the form of a KTP / passport to the registration officer before entering the Meeting room. Shareholders in the form of legal entities, cooperatives, foundations or pension funds are kindly requested to bring and submit a photocopy of the articles of association and the latest amendments and the final deed of appointment of the Board of Directors and Board of Commissioners. For shareholders in collective custody, they must bring and submit written confirmation for the GMS which can be obtained through the exchange member or custodian bank.

5. Materials relating to the Meeting are available at the Company’s Office during business hours on each working day from the date of this invitation until the date of the Meeting.

6. For an orderly Meeting, the shareholders or their proxies who will attend are expected to fill in the attendance list provided by the Company no later than 30 minutes before the Meeting begins.

Jakarta, May 29, 2019
Directors of the Company