Announcement Extraordinary General Meeting of Shareholder 2018
Announcement Extraordinary General Meeting of Shareholder 2018

2018-10-22

 PT. COWELL DEVELOPMENT Tbk

Domiciled in Central Jakarta

ANNOUNCEMENT EXTRAORDINARY GENERAL MEETING OF SHAREHOLDER 

The Board of Directors of PT Cowell Development Tbk (“The Company”) hereby announces to the Shareholders of the Company, that the Company will organize Extraordinary General Meeting of Shareholder (“The Meeting”) which is to be held on Wednesday, November 28, 2018. 

In accordance with the provisions of Article 13 paragraph 3 of the Financial Services Authority No. 32/POJK.04/2014 about Plans and Implementation Annual General Meeting of Shareholder Open (“POJK No. 32/2014”) and Article 12 paragraph 9 of the Company’s Article of Association the summons of the Meeting shall be held on Tuesday, November 6, 2018, on 1 (one) newspaper / daily in Bahasa Indonesia with national circulation, website of PT. Indonesia Stock Exchange and the Company's website. 

Shareholder entitled to attend the meeting are shareholders whose name is recorded at Company Register of Shareholders dated November 5, 2018 at 16.00 Western Indonesian Time and the shareholder of the Company on the sub-account at PT Kustodian Sentral Efek Indonesia (KSEI) at the close of trading the Company share at Indonesia Stock Exchange dated November 5, 2018.

Based on the POJK No. 32/2014, and Article 12 paragraph 8 Company’s Article of Association, the proposed subject from the Shareholders will be included in the Meeting agenda if it meets the following requirements:

  1. Proposed in writing to Board of Director by one or more shareholder representing at least 1/20 (a twentieth) of the total share issued by the Company with valid voting rights.
  2. The proposal has been accepted by the Board of Director at least 7 (seven) day before dated of meeting.
  3. The proposal must be (a) made in good faith; (b) consider the interest of The Company; (c) include the reason and material proposed agenda item; (d) do not conflict with laws and regulation. 

Jakarta, October 22, 2018

Board of Directors of The Company