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ANNUAL AND EXTRAORDINARY GMS OF PT. ERAJAYA SWASEMBADA. Tbk (ERAA)

09.05.2019
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Jakarta, May 9th 2019 – PT Erajaya Swasembada Tbk (“Listed Company”) Held the Extraordinary  & Annual General Meeting of Shareholders with several meeting points, including :

Annual General Meeting

  1. Approval of the Annual Report including the Annual Report of the BOD, Supervisory Report of Board of Commissioners and ratification of the financial report of the fiscal year 2018;
  2. Determination of the use of a running year profit that can be distributed to the owner of the company’s parent entity year 2018;
  3. Granting power and authority to the Board of Commissioners to appoint the company’s public Accountant for the year 2019;
  4. Determination of salary/honorarium and benefit for members of the Board of Commissioners and Giving authority to the Board of Commissioners to establish salary, allowances, duties and authority of the Board of Directors of the company.

Extraordinary General Meeting

  1. Appointment of the Company’s Board of Commissioners.
  2. Adjustment of the Company’s articles of association with the raw classification of the indonesian business field.

The company's annual general meeting of shareholders approved the use of a running year profit attributable to the owner of the company's parent entity year 2018 amounting to Rp 850.089.697.072,-(eight hundred and fifty billion eighty million Nine hundred and ninety-Seven thousand Rupiah) with the following uses:

  1. The distribution of cash dividend amounted to Rp 50,-(fifty Rupiah) of each share or total amounting to Rp 159.500.000.000,-(one hundred fifty-nine billion five hundred million Rupiah) before tax, which will be paid over 3.19 billion (three billion one hundred Ninety million) share;
  2. Amounting to Rp 1 billion,-(one billion Rupiah) shall be stipulated as a mandatory reserve to fulfill the provisions of article 70 of Law No. 40 of 2007 concerning limited liability company which will be used in accordance with article 23 of the company's Articles of association;
  3. The remainder is entered as a retained profit.

RUPS company's annual general meeting of shareholders approved the appointment of Mr. Joy Wahjudi as an independent commissioner of the company since the date of the closure of this meeting until the end of the term period as stipulated in the Articles of Association of the Company Concerning capital market regulations.

The second currency of the company's extraordinary GMS is not enforceable as it does not comply with the Quorum of attendance as stipulated in article 13 paragraph 1 of the company's Articles of association.

 

Company performance in year 2018

In 2018 net sales of the company increased by 43.39% to RP Rp34,74 trillion in 2018 compared with the year 2017 of Rp24,23 trillion. In line with the company's net sales increase, the company's profit in the year also increased the increase by 156.18% to RP Rp889,34 billion in 2018 compared with 2017 of RP347,15 billion.

Until the year 2018, the company has 84 distribution points and 936 owned retail outlets. In addition, the company also has a partnership with approximately 52,000 third-party retail stores.