08 April 2022 – Jakarta
JAKARTA: On Friday, 08 April 2022, United Tractors (“UT/ the Company”) conducted the 2022 Annual General Meeting of Shareholders (“AGMS”) at Catur Dharma Hall Menara Astra, Jakarta.
The AGMS adopted the resolutions in brief as follows:
1. Approved the Annual Report for the Financial Year 2021, 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 Financial Year 2021 audited by the Public Accounting Firm of Tanudiredja, Wibisana, Rintis & Rekan, as stated in its report dated 21 February 2021, rendering fair opinion in all material respects.
2. Approved the utilization of profits of Rp10.3 trillion as follows:
- to distribute as a cash dividend Rp1,240 per share or equal to the total amount of Rp4.6 trillion, including the interim dividend in the amount of Rp335 per share or equal to the total amount of Rp1.2 trillion, has been paid on 20 October 2021, whereas the remaining amount of Rp905 per share or equal to the total amount of Rp3.4 trillion will be distributed to each shareholder (whose names are listed in the shareholders’ registry on 21 April 2022 at 04.00 PM IWT) on 11 May 2022,
the remaining amount shall be recorded as retained earnings.
3. Authorized the Board of Commissioners of the Company 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 of the Company; and approved the determination salary or honorarium and allowances od the Board of Commissioners of the Company for the year 2022-2023.
4. Appointed Public Accountant Firm Tanudiredja, Wibisana, Rintis & Rekan one of the public accounting firms in Indonesia, registered in the Financial Services Authority to audit the Consolidated Financial Statements of the Company and Subsidiaries for the financial year of 2022.
5. Approved the adjustment of the Classification of the Company’s Business Activities with the Standard Classification of Indonesian Business Fields 2020 in accordance with the provisions of the Central Statistics Agency Regulation Number 2 of 2020 concerning the Standard Classification of Indonesian Business Fields.
Overview of United Tractors
PT United Tractors Tbk (UT) which is known as the largest heavy equipment distributor in Indonesia has become a public company and has been established since 1972. Currently UT has grown and has six business pillars, namely Construction Machinery, Mining Contracting, Coal Mining, Gold Mining, Construction Industry and Energy. As UT’s commitment to realizing ESG implementation and contributing to the achievement of Sustainable Development Goals (SDGs), UT consistently implements social responsibility programs in education, health, environment, income generating activities and disaster emergency response.