Annual General Meeting of Shareholders Book Year 2016

Annual General Meeting of Shareholders Book Year 2016 

Based on the results of the General Meeting of Shareholders as outlined in Deed No: 7, dated 10-02- 2016, has provided the following resolutions:

1. To approve the increase in issued and paid- up capital of the Company, which was originally 835,056 shares with a nominal value of Rp835,056,000,000, to 1,135,056 shares with a nominal value of Rp1,135,056,000,000.
2. Koperasi Waskita shareholders hereby waive their rights to take part in the issuance of new shares that are mentioned above.
3. The increase in issued and paid-up capital amounting to Rp300,000,000,000 or 300,000 shares and were entirely taken up by Waskita, in cash, once or gradually from the issued and paidup capital with the scheduled scheme.
4. Deposit for the Company’s financing needs to undertake additional asset purchases for the Company from PT Arka Mandiri and PT Nindya Beton Precast with a value to be determined based on the assessment made by Appraiser public office
5. To approve the Company’s action to borrow funds in cash amounting to Rp300,000,000,000 from PT Waskita Karya (Persero) Tbk, which will become effective after the shareholders loan facility agreement is signed