EXPLANATION OF THE AGENDA ANNUAL GENERAL MEETING OF SHAREHOLDERS AND
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS PT PP LONDON SUMATRA INDONESIA
Tbk
In connection with the plan of holding the Annual General Meeting of
Shareholders (the "AGMS") and the Extraordinary General Meeting of
Shareholders (the “EGMS”) of PT PP London Sumatra Indonesia Tbk., (the
“Company") on Thursday, June 27, 2024, the following is explanation of each
agenda:
ANNUAL GENERAL MEETING OF SHAREHOLDERS
The First Agenda:
Acceptance and approval of the annual report of the Board of Directors on the
activities and financial results of the Company for the year ended December 31,
2023.
The Board of Directors of the Company will submit the annual report of the
Board of Directors on the activities and financial results of the Company for
the year ended December 31, 2023 to seek the approval from AGMS. The Annual
Report of the Company is available in pdf format which can be download from
the Company’s website.
The Second Agenda:
Approval of the Company’s Balance Sheet and Income Statement for the year ended
December 31, 2023.
The Board of Directors of the Company will propose to AGMS to accept and to
approve the Company’s Financial Statements including Balance Sheet and Income
Statement for the year ended December 31, 2023, which were audited by Public
Accounting firm “Purwantono, Sungkoro & Surja” who expressed unmodified
opinion as stated in the Report No. 00088/2.1032/AU.1/01/1179- 2/1/II/2024
dated February 27, 2024 which presented in and is part of the Annual Report of
the Company.
The Third Agenda:
Determination of the use of net profit of the Company for the year ended
December 31, 2023.
The Board of Directors of the Company will propose to AGMS the use of net
profit of the Company for the year ended December 31, 2023.
The Fourth Agenda:
Changes of the Company’s Board
The Board of Directors will submit to the Company’s AGMS, the proposal and/or
the recommendation from the Company’s Nomination and Remuneration Committee to
replace two members of the Board of Directors of the Company from the date of
the closing of this AGMS until the closing of AGMS in 2025. The curriculum
vitae of the candidates of new members of the Board of Directors of the
Company can be accessed through the link below.
Mr. Harrijanto Kusumo, Indonesian Citizen, born in Temanggung, on December
21, 1967.
Currently, Mr. Harrijanto is acting as Head of Purchasing, Commercial &
Logistic Department of PT Salim Ivomas Pratama Tbk., and PT PP London
Sumatra Indonesia Tbk.
Mr. Harrijanto earned his Diploma in Accounting from Akademi Akuntasi YKPN
Yogyakarta in 1989 and Bachelor of Accounting from Sekolah Tinggi Ilmu
Ekonomi YKPN in 1991. He earned Master of Management in 2005 from
University of Indonesia.
Ms. Herlina Sugiarto, Indonesian Citizen, born in Cirebon, on May 18,
1971.
Currently, Ms. Herlina is acting as Head of Accounting Department of PT
Salim Ivomas Pratama Tbk., parent company of PT PP London Sumatra
Indonesia Tbk.
Ms. Herlina earned her Bachelor of Accounting in 1995 from Parahyangan Catholic
University.
The Fifth Agenda:
Determination of the remuneration of all members of the Board of Commissioners
and members of the Board of Directors of the Company.
The Board of Directors of the Company will propose to the AGMS the
recommendation from the Nomination and Remuneration Committee of the Company
for the total remuneration to be paid by the Company to all members of the
Board of Commissioners and members of the Board of Directors of the Company
from January 1, 2024 to December 31, 2024.
The Sixth Agenda:
Appointment of the Public Accountant of the Company and give authorization to
the Board of Directors to determine the fees and other terms.
The Board of Directors of the Company will submit a proposal from the Board of
Commissioners based on the recommendation from the Audit Committee of the
Company which proposes to the AGMS to appoint Public Accountant which
incorporated in the Public Accounting Firm “Purwantono, Sungkoro & Surja” to
audit the Company’s Consolidated Financial Statements for the year ended
December 31, 2024 and authorize the Board of Directors of the Company to
determine the honorarium and other terms.
EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS
Agenda:
Reduction of the Company’s issued capital and paid-up capital in connection with
the withdrawal of treasury stock.
The Board of Directors of the Company will propose to the EGMS to approve the
reduction of the Company’s issued capital and paid-up capital in connection
with the withdrawal of treasury stock.
