JAKARTA, 23 May 2012 – PT Fajar Surya Wisesa Tbk (FajarPaper) held its 2012 Shareholders General Meeting (RUPST) today at Mercantile Athletic Club in Jakarta, Indonesia. The meeting was attended by shareholders that represented 76.79% of legal voting rights.
RUPST results as follow:
- a) Approved Board of Directors (BoD) Annual Report on FajarPaper’s course of business and financial management during the fiscal year ended December 31, 2011, including Board of Commissioners’ report on their supervisory duties during the same fiscal year.
b)Approved FajarPaper’s Financial Statements for the fiscal year ended December 31, 2011 and audited by a registered Public Accountant, Osman Bing Satrio & Rekan, and at the same time discharged BoD and BoC’s responsibilities (acquit et de charge) on their management and supervisory duties during the fiscal year ended December 31, 2011.
- Dismissed and re-appointed all existing BoD and BoC.
Approved the use of FajarPaper’s net income for the fiscal year ended December 31, 2011 as follow:
i. 22.47%, or Rp 29,734,665,444, as interim dividend for fiscal year 2011, Rp 12 per share.
ii. 0.15%, or Rp 200,000,000, as an appropriation of Retained Earning in accordance with the regulation, UUPT.
iii. 77.38%, or Rp 102,404,258,341, as working capital and to fund FajarPaper’s expansion plan.
- Granted authority to BoD to appoint a registered Public Accountant to audit FajarPaper’s financials for the year ended December 31, 2012, and to determine the associated fee and qualifications of the appointment.
- Approved BoC’s salary and benefits increase of 7%, and granted the authority to BoC to determine BoD’s salary and benefits.