ANNOUNCEMENT
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
PT BUKIT ULUWATU VILLA Tbk (the “Company”)
This is to inform the shareholders of the Company that the Company intends to hold an Extraordinary General Meeting of Shareholders (“Meeting”) physically and electronically on Monday, 24 March 2025. Shareholders can access the Meeting electronically through PT Kustodian Sentral Efek Indonesia’s (“KSEI”) Electronic General Meeting System (“eASY.KSEI”), a system provided by KSEI as an electronic meeting provider.
Shareholders who have the right to attend the Meeting and/or be represented at the Meeting are the Company’s shareholders whose names are registered in the Company’s Register of Shareholders and/or the Company’s share owners who are registered on the KSEI securities sub-account at the close of share trading on the Indonesia Stock Exchange on Thursday, 27 February 2025, at 4pm Western Indonesia Time.
Based on the provisions of Article 10 paragraph (2) letter c of the Company’s Articles of Association and Financial Services Authority Regulation No.15/POJK.04/2020 on Plans and Implementation of the General Meeting of Shareholders of Public Companies (“POJK No.15/2020”) and Financial Services Authority Regulation No. 16/POJK.04/2020 on The Implementation of Electronic General Meeting of Shareholders of Public Companies (“POJK No. 16/2020”), an invitation for the meeting will be published on the Indonesia Stock Exchange website (www.idx.co.id), eASY.KSEI (https://akses.ksei.co.id) and Company’s website (www.buvagroup.com) on Friday, 28 February 2025.
Due to the observance of POJK No. 15/2020 and POJK No. 16/2020, the Company urges shareholders to attend electronically or by providing a power of attorney for attendance and their vote electronically through the eASY.KSEI as the mechanism of electronic power of attorney provision (e-Proxy). Further explanation of the procedure and method of the electronic authorization will be conveyed in the Meeting invitation.
Proposed meeting agenda items from the Company’s shareholders will be included in the Meeting agenda if they meet the requirements in Article 10 paragraph (12) of the Company’s Articles of Association and take into account Article 16 of POJK No.15/2020, namely as follows:
- The proposal shall be submitted in writing to the Board of Directors of the Company by one or more shareholders who together represent at least 1/20 (one in twenty) or more of the total number of shares issued by the Company with valid voting rights;
- The proposal must:
- (a) be received by the Company’s Board of Directors no later than 7 (seven) calendar days before the date of the invitation to the Meeting;
- (b) be made in good faith;
- (c) consider the interests of the Company;
- (d) be an agenda item that requires a Meeting decision;
- (e) include the reasons and materials for the proposed Meeting agenda; and
- (f) not contravene with the provisions of laws and regulations and the Company’s Articles of Association.
Jakarta, Thursday, 13 February 2025
PT Bukit Uluwatu Villa Tbk
Board of Directors