Jakarta, 6 September 2023 - PT Erajaya Swasembada, Tbk. (the "Company") today held an Extraordinary General Meeting of Shareholders today with two agendas, including:
- Approval of changes to the composition of the Company's board of directors
- Approval of the transfer of a portion from the Treasury Shares via the Management and Employee Stock Ownership Program, or MESOP.
At the EGMS, Mitchella Ardy Hady Wijaya and Keith Ardy Hady Wijaya were appointed as new members of the Company's Board of Directors from millennial generation. This is done by the Company to provide open space for transformation and innovation under the Company's leadership, which is expected to be adaptable to dynamic changes in the modern era. This appointment increases the representation of women in the Company's leadership, which is an actual demonstration of the Company's commitment for Sustainable Development Goals ("SDG") number 5 concerning Gender Equality. Both will serve until the end of the Company's Annual General Meeting of Shareholders in 2027, the same as other directors.
Mitchella graduated from the Information Systems Study Program at Binus University International in 2008 and previously worked as the Purchasing General Manager at PT Erajaya Swasembada Tbk. Meanwhile, Keith graduated from the Management study program at California State University-Northridge in 2010 and previously worked as the Head of Channel Development at PT Sinar Eka Selaras Tbk., a subsidiary of PT Erajaya Swasembada Tbk.
Therefore, the following is the latest composition of the Board of Directors of PT Erajaya Swasembada Tbk:
The Extraordinary General Meeting of Shareholders also approved the transfer of a portion of the Company's Treasury Shares from the Company's share buyback in accordance with Financial Services Authority Regulation No. 2/POJK.04/2013 concerning Buyback of Shares Issued by Issuers or Public Companies Under Significantly Fluctuating Market Conditions ("POJK No.2/2017").
Therefore, the number of Treasury Stock owned by the Company from the Buyback in 2020 and 2022 was 166,515,100 (after the stock split). From the total amount 51,540,500 Treasury shares will be transferred through the MESOP program in accordance with the provisions of POJK No. 30/POJK.04/2017 ("POJK No. 30/2017"), which is eligible for key employees, members of the Board of Directors, and/or members of the Board of Commissioners of the Company who meet the requirements.
The Company intends to carry out the MESOP program in several stages, Mechanism and Procedures will be defined by the Company's Directors and stated in the Decree of the Board of Directors regarding the MESOP Program.
The MESOP Program's implementation seeks to provide incentives and motivation to key employees and management, as well as encourage their sense of ownership of the company. Employees and management might thus have aligned interests, allowing them to increase the Company's performance in a sustainable manner.
For futher information, please contact:
Didit Putra Erlangga
Corporate Communications Erajaya Group