JAKARTA, 30 May 2016 – PT Fajar Surya Wisesa Tbk (FajarPaper) held its Annual General MeetingShareholders (RUPS) on Thursday, 26 May 2016 at Mercantile Athletic Club in Jakarta, Indonesia. The meeting was attended by shareholders that represented 85.71% of legal voting rights. RUPST results as follow:
a) Approved Board of Directors (BoD) Annual Report of the Company’s course of business and financial management during the fiscal year ended December 31, 2015, including Board of Commissioners (BoC) report on their supervisory duties during the same fiscal year.
b) Approved the Company’s Financial Statements for the fiscal year ended December 31, 2015 and audited by a registered Public Accountant, Osman Bing Satrio & Eny, 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, 2015.
a) Determined the increase in the amount of total salary and/or other allowances for 6% to the BoC effective now until the closing of the Annual of General Meeting of Shareholders 2017 and
b) Granted the authority to BoC to determine BoD’s salary and benefits
3. Granted authority to BoD to re-appoint a registered Public Accountant Osman Bing Satrio & Eny to audit FajarPaper’s financials for the year ended December 31, 2016, and to determine the associated fee and qualifications of the appointment.