Jakarta, 24 January 2023 – Implementation of the Extraordinary General Meeting of Shareholders (EGMS) of PT Semen Baturaja (Persero) Tbk (SMBR) which was held at the Sari Pacific Hotel Jakarta (24/01).
The meeting was held face to face at the Sari Pacific Hotel Ballroom Palace and electronically using KSEI’s Electronic General Meeting System facility (KSEI’s eASY system). At the EGMS, 2 (two) main agenda items were scheduled, namely changes to the Company’s Articles of Association and Changes to the Company’s Management.
The EGMS which began at 14.35 WIB was attended by majority and minority shareholders. The event was opened by President Commissioner Franky Sibarani and continued with the discussion of the first item on the agenda, changes to the Company’s Articles of Association.
The changes to the Company’s Articles of Association are based on the joining of SMBR with PT Semen Indonesia (Persero) Tbk (SIG) in holding the cement sub-cluster. The end of 2022 was a historic milestone for SMBR, in which the integration process of SMBR into SIG was successfully completed and has completed all stages of establishing the cement sub-cluster SOE holding which was marked by the signing of the Deed of Share Transfer Agreement on December 19, 2022 between the Republic of Indonesia and SIG. Where as many as 7,499,999,999 (seven billion four hundred ninety nine million nine hundred ninety nine thousand nine hundred ninety nine) RI State-owned Series B shares in SMBR changed their ownership to SIG, so that SMBR’s status changed to Non-Persero and became one of a SIG subsidiary.
The Republic of Indonesia still holds 1 (one) Series A Dwiwarna share, SIG owns 7,499,999,999 Series B shares and the Public owns 2,432,534,336 Series B shares. In addition to the name change, the EGMS also decided to amend several articles in the Company’s articles of association, including other matters relating to capital, shares, duties, powers and obligations of the directors, board of directors meetings, annual work plans and budgets, and other articles governing the articles of association.
In the second agenda item there is a change in the composition of the Company’s Management. Respectfully dismissed members of the Board of Commissioners, namely Independent Commissioner Darusman Mawardi and Commissioner Oke Nurwan and appointed Hadi Daryanto as Commissioner of the Company.
In addition, the EGMS also honorably dismissed members of the SMBR Board of Directors, namely the Director of Marketing, Mukhamad Saifudin and the Director of General Affairs & HR, Gatot Mardiana. Furthermore, there was a change in the nomenclature of the Director of Finance and Risk Management to become a Director (Finance and HR Function), the Director of Production and Development to a Director (Company Operations Function), so that the management composition changed to the following:
The following is the latest composition of the SMBR Board of Commissioners:
Main Commissioner : Franciscus M.A Sibarani
Independent Commissioner : Chowadja Sanova
Commissioner : Hadi Daryanto
The following is the current composition of the Board of Directors of Semen Baturaja:
Main Director : Daconi Khotob
Director (Financial Function and HR of the Company): Tubagus Muhammad Dharury
Director (Company Operations Function): Suherman Yahya
It briefly describes performance in 2022, amidst declining demand in the Sumatra region, especially Southern Sumatra (Sumbagsel) which is the base market area, SMBR was able to increase cement sales volume by 4% so that SMBR’s market share in Sumbagsel became 34% or grew 3%. This performance growth is inseparable from the consistency of SMBR Management in implementing strategic initiatives such as strengthening market position, cost leadership through the SMBRGO45 program and efforts to increase employee competency.
