INVITATION

ANNUAL GENERAL MEETING AND

EXTRAORDINARY GENERAL MEETING

OF SHAREHOLDERS

 

The Board of Directors of the Company hereby invite the Shareholders to attend the Annual and Extraordinary General Meeting of Shareholders (“Meeting”) of the Company which will be held on:

Day/Date

:

Wednesday, 17 June 2020

Time

:

09.00 WIB – complete.

Venue

:

36th Floor Sequis Tower, Jl. Jend. Sudirman Kav 71, RT.5/RW.3, Kel .Senayan, Kec. Kby. Baru, Kota Jakarta Selatan, Daerah KhususIbukota Jakarta 12190


Agenda of the Annual General Meeting of Shareholders:

1.

Approval on The Company’s Annual Report Including the Board of Commissioners’ Supervisory Report as Well as Ratification of the Company’s Financial Statement for The Financial Year Ended on 31 December 2019

 

Details:

This Agenda item is proposed in order to comply with:

1)   Article 69 (1) Law No. 40 Year 2007 on Limited Liability Company (“Company Law “) ;and

2)   Article 19 (2) Article of Association of the Company Anggaran. 

2.

Allocation of the Company Profit for Financial Year Ended on 31 December 2019.

 

Details:

This Agenda item is proposed in order to comply with:

1)    Article 70 and 71 of Company Law and;

2)    Article 19 (2) of the Company’s Article of Association pursuant with the plan to utilize the Company’s net profit for Financial Year Ended on 31 December 2019.

3.

Appointment of Accounting Firm to Perform Audit on the Company for Financial Year Ended 31 December 2020 and Other Financial Statement Audit as Required by the Company.

 

Details:

This Agenda item is proposed to comply with Article 13 (1) of Financial Services Authority Regulation No.  13/POJK.03/2017 on theUse of Public Accountant and Public Accounting Firm in Financial Services Activitiesand Article 19 (2) of the Company’s Article of Association.

4.

Approval on the changes of composition of the Board of Commissioners and/or the Board of Directors.

 

Details:

This Agenda item is proposed based on recommendation from the Nomination and Remuneration Committee in compliance with the Company’s Article of Association.

5.

Approval on the remuneration of the Board of Commissioners and the Board of Directors for year 2020.

 

Details:

This Agenda item is proposed pursuant with Article 96 and Article 113 of Company Law to determine the remuneration for the Board of Commissioners of year 2020 and to authorize the President Commissioner to determine the remuneration and other benefit for year 2020 for the member of the Board of Directors based on recommendation from the Nomination and Remuneration Committee.


Agenda of the Extraordinary General Meeting of Shareholders

Approval on the changes of the Company’s Article of Association.

Details :

The Agenda item is proposed in relation with Article 19 Company Law for the purpose of:

a.

Adjustment with new recently issued Financial Services Authority Regulations of among others (i) Financial Services Authority Regulation No. 14/POJK.04/2019 on the changes of Financial Services Authority Regulation No. 32/POJK.04/2015 on Additional Capital of Public Company with Pre-Emptive Rights  (ii) Financial Services Authority Regulation 16/POJK.04/2020 on The Implementation of Electronic General Meeting of Shareholders of Public Company and (iii) Financial Services Authority Regulation No.. 17/POJK.04/2020  on Material Transaction and the Changes of Business Activities.

b.

The changing of Company name in line with its vision and mission to be the result-oriented protein provider in Indonesia.

Notes :

Attending and Registration Procedure Prosedur

The Company does not distribute specific printed invitation to the Shareholders as this invitation shall serve as an official invitation to the Shareholders pursuant to Article 21 (4) of the Company Articles of Association and Article 52 of Financial Services Authority No.15 /POJK.04/2020.

Preventive Measures on Corona Virus Spreading (Covid-19)

As preventivemeasures on Covid-19 spreadwhich is still growingrapidly, the Company encourageShareholders to followdirectionsfrom the Governmentof the Republicof Indonesia by conducting Social Distancing. Thus, the Company facilitates the Meeting through e-Proxiesbeingadjusted to the COVID-19 Health Recomendation from the Governmentof the Republicof Indonesia.

Authorized Attendance

  1. Shareholders who are entitled to attend/be represented by Proxy at the Meeting are: 
    1. Shareholders with scripted shares who are registered in Company Shareholder Register on 20May 2020 at 4.00 p.m. (Western Indonesian Time); and
    2. Shareholder with shares currently under deposit in the Collective Depository of PT KustodianSentralEfek Indonesia (“KSEI”), who are registered in the Company’s Shareholder Register issued by PT KSEI at the market closing 20 May 2020..
  2. Shareholders or their proxies attending the Meeting shall submit copy of their National Identity Card (e-KTP) or passport of both the Shareholder as well as respective proxy to the registration officer at the Registration Desk before entering the Meeting Room .

    Shareholders being legal entities are requested to submit copy(ies) of their latest articles of associations and its amendment(s) as well as document evidencing their latest Board of Directors and Board of Commissioners composition, and such legal entity shall be fully liable for the legality and/or validity of the submitted documents.

    Shareholders whose shares are deposited in the collective depository of KSEI are required to submit the Written Confirmation for the Meeting (KonfirmasiTertulisUntukRapat (KTUR)) which can be obtained from your respective securities Company’s or custodian bank, to the registration officer before entering the Meeting Venue.

Proxies

  1. Shareholders who are unable to attend the Meeting may be represented by their Proxy Authorization Letter. Member of the Board of Directors, Board of Commissioners or employees of the Company can act as the Shareholders proxies at the Meeting, however they are not eligible to vote on Shareholders behalf.
  2. Proxy Form can be downloaded from the Company website Perseroan www.sieradproduce.comor obtained at the Company Securities Administration Bureau (“BAE”) PT RAYA REGISTRA,  having its legal domicilie in  2nd Floor Gedung Plaza Sentral, JalanJenderal Sudirman Kav.47-48 Jakarta 12930, phone : 021-252-5666, fax 021-252-508 during office hours.  A complete Proxy Form must be submitted to the Company’s or via BAE latest by 16 June 2020 at 04.00 p.m. (Western Indonesian Time), which is one (1) working day before the commencement of the Meeting.
  3. Shareholders whose shares are deposited in the collective depository of KSEI, can now grant their proxies electronically via eASY.KSEI platform. eProxymenu will be available and can be accessed via www.ksei.co.id by using Shareholders’sAKSes KSEI as a sub-account holder in the collective depository of KSEI at latest 16 June 2020, which is one (1) working day before the commencement of the Meeting.
  4. Shareholders who have registered their attendance via eProxy can immediately vote for the agenda items, and such vote(s) will be calculated at the Voting Time during the Meeting.

Meeting Material

Meeting decks to be discussed in the Meeting as well as complete information can be downloaded from Company Official Website www.sieradproduce.comto be provided by the Company in stages. Hardcopy (printed) Meeting decks will not be available in view of current situation with COVID-19.

Additional Information

All additional information relevant with the Meeting implementation including but not limited with the changes and/or adjustment of Meeting agenda will be conveyed by the Company to the Shareholders via the Company’s website  www.sieradproduce.com.

 

Bogor, 26 May 2020

PT Sierad Produce Tbk

 

The Board of Directors

 

 

GMS Information and Meeting Material :

     - Authorization Letter for Shareholders click Here

     - CV Candidate For The Board Of Commissioners click here

     - Annual Report Click Here

     - Health Advisory Click Here

     - Code of Conduct Click Here

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