MEETING ANNOUNCEMENT TO SHAREHOLDERS
20 November 2017

 

PT SEKAR BUMI, TBK.

Domiciled in Jakarta

(“the Company”)

 

ANNOUNCEMENT TO THE SHAREHOLDERS

 

We hereby inform the Shareholders of the Company that the Company will conduct its Annual & Extraordinary General Meeting of Shareholders on:

 

Day/ Date   : Tuesday, 10 May 2016

Time            : 10:00 - finish

Place           : Surabaya, East Java

 

The shareholders who are entitled to attend or to be represented in the Meeting are as follows:

  1. For shares that are not in collective custody: The shareholders of the Company or their proxy whose names are recorded in the Shareholders Register of the Company on April 15, 2016 at 16:00 Western Indonesian Time at PT EDI Indonesia (Share Registrar); and
  2. For shares that are in collective custody: The shareholders of the Company or their proxy whose names are recorded in the register of account holders at PT Kustodian Sentral Efek Indonesia (“KSEI”) on April 15, 2016 at 16:00 Western Indonesian Time.

 

Any suggestion from the Shareholders of the Company shall be included in the Meeting agenda if they meet the requirement of Article 3 of the Company’s Article of Association and must be received by the Company’s Directors no later than 7 (seven) days prior to the Date of Meeting Invitation, or by Monday, April 11, 2016.

 

In compliance with Article 20 paragraph (9) of the Company’s Articles of Association and Article 13 paragraph (3) of the Otoritas Jasa Keuangan Regulation No. 32/POJK.04/2014 about Planning and Conducting of General Meeting of Shareholders, the Meeting Invitation will be published in 1 (one) national newspaper on Monday, April 18, 2016, Indonesia Stock Exchange website, and the Company website.

 

Moreover, in relation to the Meeting agenda regarding the plan to increase share capital through pre-emptive rights to the Shareholders of the Company, we hereby inform as follows:

 

  1. a.        Maximum no. of shares planned to be issued through pre-emptive rights

The Company plans to issue shares through pre-emptive rights to the Shareholders in the amount of maximum 2,400,000,000 ordinary shares with nominal value of IDR 100.00 (one hundred Rupiah) per share.

 

  1. b.        Estimated period of implementation of the capital increase

The capital increase through pre-emptive rights will be conducted following the Company’s capital needs. The Company plans to implement the share capital increase through pre-emptive rights after receiving shareholders’ approval from the Meeting, and in accordance to OJK Regulation No. 32/POJK.04/2015 the implementation shall be done in a period no longer than 12 (twelve) months from the approval date of the Meeting.

 

  1. c.        Analysis on the impact of the capital increase to financial condition and the shareholders

Impact of the capital increase such as (i) to raise fresh funds to support the Company’s business expansion, and (ii) to increase the number of shares outstanding Therefore, with the increase in share capital through pre-emptive rights, it is expected that the increase in the number of shares in the market will improve the Company’s liquidity.

 

  1. d.        Estimated outline of the use of funds

Total funds raised through the capital increase plan through pre-emptive rights, deducting the costs of emissions, will be used by the Company for business expansion, strengthening the working capital, and partial or full repayment of the Company’s debts.

 

Jakarta, 1 April 2016

Company Directors