General Announcement::Announcement of the Resolutions of The Annual General Meeting of Shareholders

Issuer & Securities

Issuer/ Manager
PT BERLIAN LAJU TANKER TBK
Securities
PT BERLIAN LAJU TANKER TBK - ID1000099906 - B66
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
08-Dec-2014 22:57:17
Status
New
Announcement Sub Title
Announcement of the Resolutions of The Annual General Meeting of Shareholders
Announcement Reference
SG141208OTHRKLMW
Submitted By (Co./ Ind. Name)
Fitri Rachmawaty
Designation
Corporate Secretary
Description (Please provide a detailed description of the event in the box below)

1. Approved the dispensation for the Board of Directors of the Company to convene the Annual General Meeting for the financial year 2013 beyond the stipulated time limit as stated in Company Article of Association.
2. Approved the ratification on the restatement of the Company s Consolidated Financial Statement for financial year ended 31 December 2012.
3. Approved :
a. Accepted the Annual Report of the Company included supervisory report of the Board of Commissioners for the year ended 31 December 2013
b. Ratified the Financial Statement of the Company for the year ended 31 December 2013 which have been audited by Public Accountant PURWANTONO, SUHERMAN & SURJA with opinion Qualified as stated in its report dated 29 September 2014, No. RPC-6427/PSS/2014
c. Further to the approval and the adoption of the Annual Report of the Company and Financial Statement which consist of Balance Sheet and Income Statement for the financial year ended 31 December 2013 and giving release and full discharge ( volledig acquit et de charge ) to all members of the Board of Directors and members of the Board of Commissioners of the Company for the management and supervision actions that were undertaken during the said financial year to the extent such actions are reflected in the said Annual Report and Financial Statements except for any actions or duties involving deception, fraud or other criminal acts.
That in accordance with the financial statement announced in Bisnis Indonesia on 2 October 2014 has been ratified by the meeting without any alternation, therefore such announcement shall apply to the fulfillment of the provision of Article 68 section 5 of the Company Act.
4. Approved the appropriation of the Company Net Profit of US$179.300.000 (one hundred seventy nine million three hundred thousand United State Dollar) for the financial year ended 31 December 2013 will be set off with the accumulated loss of the Company for the prior year, so that there is no dividend to be paid to the Shareholders.
5. 1. Approved the appointment Mr Rodion Wikanto Njotowidjojo as independent Director to the Board of Directors of the Company with the service period up to the closing of the Annual General Meeting in 2017, thus, Board of Directors are as follows:
President Director: Mrs Siana Anggraeni Surya
Director: Mr Cosimo Borrelli
Director: Mr Jason Aleksander Kardachi
Independent Director: Mr Rodion Wikanto Njotowidjojo,
with the service period up to the closing of the Annual General Meeting in 2017, except for Mr Cosimo Borrelli and Mr Jason Aleksander Kardachi with the service period up to the closing of the Annual General Meeting of Shareholders in 2016 (accordance with and to comply with the decision of the Minister of Manpower and Transmigration, number : KEP-55/MEN/1981 Year 1981)
2. Authorized the Board of Directors of the Company with the right of substitution, to restate Meeting decision regarding changes in the composition of the board of the Company in the deed, and further notify the changes in the composition of the board of the Company to the authorities and for that purpose do all necessary actions in accordance with the provisions of law and legislation.
6. Approved :
a. Reappointment Public Accountant PURWANTONO, SUHERMAN & SURJA member of ERNST & YOUNG in Indonesia to audit Financial Statement of the Company for financial year ended 31 December 2014.
b. Authorized the Board of Directors of the Company with approval from the Board of Commissioners to determine the honorarium and other terms of appointment for the Public Accountant
7. There is no discussion on the agenda, number : 7 (Increase in the Authorized Share Capital), therefore, there is no resolution made.
8. There is no discussion on the agenda, number : 8 (Issuance of new shares pursuant to Restructuring Agreement), therefore, there is no resolution made.
9. Approved ratification :
a. The entry into and performance of the (i) Second Amendment Agreement dated 9 May 2013, (ii) Third Amendment Agreement dated 8 October 2014, (iii) Omnibus Subordination Deed, in respect of the subordination of the intercompany debts incurred by Company and each of its subsidiaries; and (iv) Deeds of Release, to irrevocably and unconditionally waive, discharge and release all outstanding intercompany debts owed by certain subsidiaries of the Company to their respective intercompany creditors; and
b. The granting of security as described in the Restructuring Agreement and any other form of security as may be required by and in relation to the Facilities Agreement, to the Security Trustee for and on behalf of the MLA Lenders, to secure the existing indebtedness owed pursuant to the Facilities Agreement.
10. Approved the transfer of up to 529.500,000 shares in PT Buana Listya Tama Tbk to Madison Pacific Trust Limited as Trustee for the HY Restructured Bonds.
11. Approved and/or ratify the entry into and performance of the Inter-Creditor Agreement and the granting of the security to Madison Pacific Trust Limited as common security agent for the MLA Lenders and the holder of the HY Restructured Bonds (the HY Bondholders ) as shared security, in connection with the Facilities Agreement and the HY Restructured Bonds, security over the (i) all of the shares in Diamonds Pacific International Corporation (Labuan) and a second priority pledge of all of the shares in BLT LNG Tangguh Corporation, and (ii) all of the shares in BLT-Buana Holding Pte. Ltd.

Attachments

2014 12 08 SGX-Resolution of AGMS 4 Dec 2014.pdf
Total size =1359K