INVITATION OF ANNUAL GENERAL MEETING OF SHAREHOLDERS
PT BUKIT ULUWATU VILLA TBK.
The Board of Directors of PT Bukit Uluwatu Villa Tbk. (the “Company”) hereby invites the Shareholders of the Company to attend the Annual General Meeting of Shareholders (the “Meeting”), which will be held on:
Day/Date : Wednesday, June 26th 2024
Time : 2PM (Western Indonesian Time) – Finish
Venue : Financial Hall Graha CIMB Niaga,
2nd Floor,
Jl. Jend. Sudirman Kav. 58,
Jakarta 12190
THE MEETING AGENDA:
- Approval of the Annual Report including the Financial Report of the Company for the financial year ending on December 31st 2023;
- Approval of the use of the Company’s net profit for the 2023 financial year;
- Appointment of the Public Accounting Office (including the Registered Public Accountant) to audit/examine the Books of the Company for the Financial Year ending December 31st 2024;
- Granting authority to the Board of Commissioners to determine salaries and benefits for the members of the Board of Directors and Board of Commissioners of Company for Financial Year 2024;
EXPLANATION ON THE MEETING AGENDA:
- The first meeting agenda was held in order to comply with the provisions set out in Article 20 of the Company’s Articles of Association as well as the provisions stipulated in Article 69 (1) of the Act No. 40 of 2007 on Limited Associations as amended from time to time (“Companies Law”) regarding the approval of the Annual Report including the validation of the Financial Report as well as the report of the oversight duties of the Board of Commissioners carried out by the Annual General Meeting Shareholders (“AGMS”).
- The second meeting agenda was held in order to comply with the provisions of Article 21, paragraph (1) and Article 22 paragraph (1), of the Company’s Articles of Association in conjunction with Article 71 of the Companies Law, that the use of the net profit of the Association is decided in AGMS.
- The third agenda meeting was held in order to comply with the provisions of Article 9 paragraph (4) letter c the Company’s Articles of Association, in conjunction with Article 59 Service Authority Regulation Finance No. 15/POJK.04/2020 on Plans and Implementation of General Meeting of Shareholders of Public Companies and Article 3 Service Authority Regulation Finance No. 9 Year 2023 on the Use of Public Accountants Services and Public Accounting Offices in Financial Services Activities, that the appointment of a Public Accountant and/or Public Accountancy Office is mandatory to be decided in AGMS.
- The fourth of meeting agenda was held in order to comply with the provisions of Article 14 paragraph (11) and 17 paragraph (8) of the Company’s Articles of Association in conjunction with Articles 96 and 113 of the Companies Law, that the salary of the Board of Directors and the honoraries of the Board of Commissioners as well as other benefits are set out in the AGMS.
NOTES:
- This invitation is valid as an official invitation for all of the Company’s Shareholders in accordance with the provisions of the Company’s Articles of Association and Financial Services Authority Regulation No. 15/POJK.04/2020 on the Plan and Implementation of the General Meeting of Shareholders of Public Company.
- Shareholders who are entitled to attend or be represented at the Meeting are the Company’s Shareholders whose names are registered in the Register of Shareholders and/or the Company’s Shareholders in the securities sub- account at PT Kustodian Sentral Efek Indonesia (KSEI) at the close of trading in the Company’s shares in Indonesian Stock Exchange on June 3th, 2024, by 16.00 Western Indonesian Time.
- In accordance with Financial Services Authority Regulation No. 16/POJK.04/ 2020 on the Implementation of Electronic General Meeting of Shareholders by Public Company and Regulation of PT Kustodian Sentral Efek Indonesia IX-B of 2022 on the Procedure for the Convening of Electronic General Meeting of Shareholders Supplemented by the Casting of Votes through Electronic General Meeting System of KSEI (eASY.KSEI), the Shareholders who are entitled to attend the Meeting may use eASY.KSEI to authorized and/or exercise their voting rights in accordance with the mechanism determined by the eASY.KSEI provider while taking into account the provisions of laws and regulations.
- If the Shareholders intend to attend the Meeting physically, the following conditions apply:
a. Shareholders who unable to attend can be represented by their proxies with a power of attorney provided that members of the Board of Directors, Board of Commissioners and employees of the Company can act as proxies at the Meeting, However, the vote are not taken into account in voting;
b. Shareholders who attend physically must adhere with the health protocols in the Meeting room;
c. Shareholders or their proxies who are attend the Meeting physically are required to bring and show their Identity Card (“ID”) or other valid identification and submit a copy of it to the registrar before entering the Meeting room. Shareholders in the form of legal entities must submit a copy of its articles of association and the amendments as well as the latest composition of its management. Shareholders in the collective custody of PT Kustodian Sentral Efek Indonesia are requested to show a Written Confirmation for the GMS (“KTUR“) to the registrar before entering the Meeting room;
d. To facilitate the organization and orderliness of the Meeting, the Shareholders or their proxies are kindly requested to attend no later than 30 (thirty) minutes before the Meeting starts. - Power of Attorney (conventional), Meeting material for each agenda, and the Meeting rule of conduct can be accessed through the Company’s website, namely www.buvagroup.com from the date of this invitation until the date of the Meeting. Meanwhile, the electronic power of attorney (e-proxy) can be access through eASY.KSEI no later than 1 (one) working day prior to the commencement of the Meeting.
Jakarta, June 26th 2024
PT Bukit Uluwatu Villa Tbk.
Board of Directors