Annual General Meeting of Shareholders Year 2007
ANTAM's Annual General Meeting of Shareholders for the Year ended December 31st, 2007 was held at the JW Marriott Hotel, Jakarta, on June 26th, 2008. ANTAM held the Annual General Meeting of Shareholders (AGM).
Among the resolutions of the AGM, it was resolved to pay a cash dividend in the amount of Rp2,053 billion, or 40% of ANTAM's profits after tax of the year ended December 31st, 2007. The dividend is equivalent to Rp215.23 per share. ANTAM’s shareholders agreed with the recommendation to appoint the firm Public Accountant Purwantono, Sarwoko and Sandjaja as the public accountant. PSS, an affiliate of Ernst & Young, will audit ANTAM’s annual financial statements for the fiscal year ended December 31st, 2008. ANTAM’s shareholders also agreed to appoint the firm of Sugijadi, Kurdi & Riyono to audit the financial statements of the Partnership and Environmental Development Program for the year ended December 31st, 2008.
As well, ANTAM received shareholder ratification of the Company’s consolidated 2007 audited financial statements and approved the audited 2007 report and financial statements of the Partnership and Environmental Development Program. ANTAM’s shareholders ratified the proposal to increase the pension benefits for ANTAM’s pensioners as well as the proposed amendments to ANTAM’s Articles of Association to accommodate the new Indonesian Corporation Law No. 40/2007.
ANTAM’s shareholders ratified the termination and appointment of ANTAM’s Board of Commissioners and Board of Directors. From the four members of the Board of Commissioners, Mr. Ir. S. Suryantoro MSc. and Mr. Ir. Supriatna Suhala MSc. were replaced as members of the Board of Commissioners as both have served two terms. Under Indonesian Law No. 13/2003 on State Owned Enterprises, a person may only serve as a board member for a maximum of two five years terms. Mr. Irwan Bahar, Mr. Mahendra Siregar and Mr. Mahmud Hamundu joined as members of ANTAM’s Board of Commissioners.
ANTAM’s shareholders also ratified the appointment of Mr. Alwinsyah Loebis as ANTAM’s new President Director. Mr. Loebis was previously ANTAM’s Operations Director. ANTAM’s shareholders also appointed Mr. Djaja M. Tambunan as the Finance Director. Mr. Djaja M. Tambunan was previously with JP Morgan Jakarta. Mr. Winardi, previously the Senior Vice President of SBU Gold, was appointed as the Operations Director. Mr. Tato Miraza previously Project Group Leader Nickel and Energy Development Project was appointed as the Development Director. Mr. Achmad Ardianto, previously the Deputy Senior Vice President Operations of SBU Gold, was appointed as the Human Resources Director. Mr. Denny Maulasa, previously the Senior Vice President of SBU Nickel was appointed as the General Affairs and CSR Director.
Resolutions of the Annual General Meeting of Shareholders Year 2007 can be seen here.
The invitation to shareholders to attend Annual General Meeting of Shareholders Year 2007 can be seen here.
Minutes of Meeting of the Annual General Meeting of Shareholders Year 2007 can be seen here (in Bahasa Indonesia).