MATRIX AMENDMENT TO THE ARTICLE OF ASSOCIATION
PERUSAHAAN PERSEROAN (PERSERO) PT TELEKOMUNIKASI INDONESIA Tbk
No Item Current Article
State Gazette No. 63 dated 9 August 2011, TBN RI No. 23552
Proposed Changes Explanation
1. Capital Article 4
1. The Company’s authorized capital amounts to twenty trillion Rupiah (Rp.20,000,000,000,000.-), divided into eighty billion (80,000,000,000) shares consisting of one (1) ‘A’ Dwiwarna share and seventy-nine billion nine hundred and ninety-nine million nine hundred and nine thousand nine hundred and ninety-nine (79,999,999,999) ‘B’ shares, each share having the par value of two hundred and fifty Rupiah (Rp250.-).
2. Of the aforementioned authorized capital, twenty billion one hundred and fifty-nine million nine hundred and ninety-nine thousand two hundred and eighty (20,159,999,280) shares comprising one (1) ‘A’ Dwiwarna share and twenty billion one hundred and fifty-nine million nine hundred and ninety-nine thousand two hundred and seventy-nine (20,159,999,279) ‘B’ shares having the aggregate par value of five trillion thirty-nine billion nine hundred and ninety-nine million eight hundred and twenty thousand Rupiah (Rp.5,039,999,820,000.-) that have been fully paid-up in cash have been subscribed as evident from a deed of mine, Notary, dated the sixth day of April two thousand and six (6-4-2006) number 4, which has been approved by the Minister of Law and Human Rights of the Republic of Indonesia dated the twenty-eighth day of April two thousand and six (28-4-2006) Number: C-12265 HT.01.04.TH.2006.
Article 4
1. The Company’s authorized capital amounts to twenty trillion Rupiah (Rp.20,000,000,000,000.-), divided into
four hundred billion (400,000,000,000) shares
consisting of one (1) ‘A’ Dwiwarna share and three hundred ninety-nine billion nine hundred and ninety-nine million nine hundred and ninety-nine
thousand nine hundred and ninety-nine
(399,999,999,999) ‘B’ shares, each share having the par value of fifty Rupiah (Rp50.-)
2. Of the aforementioned authorized capital, one hundred billion seven hundred and ninety-nine million nine hundred and ninety-six thousand four hundred
(100,799,996,400) shares comprising one (1) ‘A’
Dwiwarna share and one hundred billion seven hundred and ninety-nine million nine hundred and
ninety-six thousand three hundred and ninety-nine
(100,799,996,399) ‘B’ shares having the aggregate par value of five trillion thirty-nine billion nine hundred and ninety-nine million eight hundred and twenty thousand Rupiah (Rp.5,039,999,820,000.-) that have been fully paid-up in cash have been subscribed as evident from a deed of mine, Notary, dated the sixth day of April two thousand and six (6-4-2006) number 4, which has been approved by the Minister of Law and Human Rights of the Republic of Indonesia dated the twenty-eighth day of April two thousand and six (28-4-2006) Number: C-12265 HT.01.04.TH.2006.
With a stock split ratio of one (1) to five (5), the Company change its par value from two hundred fifty Rupiah (Rp.250,-) per share to fifty Rupiah (Rp.50,-) per share, therefore the Company’s authorized capital amount changes from eighty billion (80,000,000,000) share to four hundred billion
(400,000,000,000) shares, meanwhile ... increase twenty billion one hundred and fifty-nine million fifty-nine hundred and fifty-ninety-fifty-nine thousand two hundred and eighty (20,159,999,280) shares to one hundred billion seven hundred and ninety-nine million nine hundred and ninety-six thousand four hundred (100,799,996,400) shares.
As result of the stock split, the Government’s one (1) Series A Dwiwarna share will be split into five (5) shares , each with a new par value of fifty (Rp.50,-) Rupiah, subsequently:
- One (1) Series A Dwiwarna share
shall reserved as a Series A Dwiwarna share owned by the Government of the Republik of Indonesia; and
- The other four (4) shares shall be
No Item Current Article
State Gazette No. 63 dated 9 August 2011, TBN RI No. 23552
Proposed Changes Explanation
2. Company’s Work Program and Budget
COMPANY’S ANNUAL WORK PROGRAM AND BUDGET AND
PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM WORK PROGRAM AND BUDGET
Article 22
1. The Board of Directors shall prepare the Company’s Work Program and Budget for each financial year, at least containing:
a. The Company’s mission, business target, business strategy, policy and work/activity program;
b. The Company’s budget specified in details with respect to each work/activity program budget; c. The financial projection of the Company and its
subsidiaries;
d. The utilization and/or disposal plan of fixed assets. e. The work program of the Board of Commissioners. f. The work program and budget of the
partnership and community development program.
submitted to the Board of Commissioners for approval
COMPANY’S WORK PROGRAM AND BUDGET Article 22
1. The Board of Directors shall prepare the Company’s Work Program and Budget for each financial year, at least containing:
a. The Company’s mission, business target, business strategy, policy and work/activity program;
b. The Company’s budget specified in details with respect to each work/activity program budget; c. The financial projection of the Company and its
subsidiaries;
d. The utilization and/or disposal plan of fixed assets. e. The work program of the Board of Commissioners.
f. Others in accordance to the applicable law
included in the Company’s work program and budget.
submitted to the Board of Commissioners for approval
Delete “PARTNERSHIP AND COMMUNITY DEVELOPMENT PROGRAM WORK PROGRAM AND BUDGET” on the heading of Article 22:
Delete point f regarding the work program and budget of the partnership and community
development program.:
Background information: On June 15 2012, the State Minister of State-owned Enterperise issued a Ministrial Decree
Number:SK-223/MBU/2012 which revoked
SK-164/MBU/2012.
As result of the revocation of
SK-164/MBU/2012, the Company belives that certain changes to the Company’s Article of Association that was made in reference to SK-164/MBU/2012 during the previous
shareholder meeting on May 11, 2012 should be reinstated .
