Indonesia’s largest heavy equipment distributor, in which main businesses operate Construction Machinery, Mining Contracting, Mining, Construction Industry, and Energy as well committed to promoting sustainability and achieving Sustainable Development Goals (SDGs) – United Tractors (PT. United Tractors Tbk) held the 2024 Annual General Meeting of Shareholders (AGMS) at Catur Dharma Hall, Menara Astra, Jakarta, on 24 April 2024.
Following to the AGMS concluded and adopted the resolutions as follows:
1. Approved the Annual Report for 2023 Financial Year, including the ratification of the Supervisory Report of Board of Commissioners and ratification of the Consolidated Financial Statements of the Company and Subsidiaries for the Fiscal Year 2023, audited by Tanudiredja, Wibisana, Rintis & Rekan – Public Accountant Office, as stated in its report dated 23 February 2024 rendering fair opinion in all material respects.
2. Approved the utilization of profits value of IDR 20,6 trillion as the following details:
– To distribute as a cash dividend of Rp2,270 per share equal to the total amount of Rp8.2 trillion, including the interim dividend in the amount of Rp701 per share equal to the total amount of Rp2.5 trillion has been paid on October 24, 2023, whereas the remaining amount of Rp1,569 per share equal to the total amount of Rp5.7 trillion will be distributed to each shareholder (whose names are listed in the shareholders’ registry on 7 May 2024 at 16:00 WIB on 22 May 2024.
– The remaining Rp12.4 trillion is recorded as retained earnings of the company.
3. To accept Gidion Hasan’s (Vice President Commissioner) resignation and to appoint Vilihati Surya (Director), Rudy (Vice President Commissioner), Chiew Sin Cheok (Commissioner), and Bruce Malcolm Cox (Independent Commissioner).
Therefore, the members of the Board of Commissioners and Board of Directors are as follows:
♦ Board of Directors:
President Director: Frans Kesuma
Director: Loudy Irwanto Ellias
Director: Iwan Hadiantoro
Director: Idot Supriadi
Director: Edhie Sarwono
Director: Widjaja Kartika
Director: Vilihati Surya
♦ Board of Commissioners:
President Commissioner: Djony Bunarto Tjondro
Vice President Commissioner: Rudy
Commissioner: Chiew Sin Cheok
Commissioner: Djoko Pranoto Santoso
Commissioner: Benjamin Herrenden Birks
Independent Commissioner: Paulus Bambang Widjanarko
Independent Commissioner: Nanan Soekarna
Independent Commissioner: Bruce Malcolm Cox
4. Authorized the Board of Commissioners to determine the amount of remuneration and allowances of the Board of Directors by taking into consideration the recommendation of the Nomination and Remuneration Committee and approving the determination of salary or honorarium and allowances of the Board of Commissioners for the year 2024-2025.
5. Tanudiredja, Wibisana, Rintis & Rekan, a Public Accountant Firm, registered with the Indonesia Financial Services Authority, is appointed to audit the Consolidated Financial Statements of the Company and Subsidiaries for the financial year of 2024.
Additionally, at the press conference, Iwan Hadiantoro (Director) stated shareholders have decided that the dividend pay-out ratio of profits for the 2023 financial year is 40%. This is in line with the profitability performance increase and a back-to-normal ratio.
For more information and details, please visit unitedtractors.com
