Extraordinary General Meeting of Shareholders (“EGMS”) on 20th September 2018

PT PELITA SAMUDERA SHIPPING Tbk

Domiciled in Jakarta

(“Company”)

 

NOTIFICATION

TO SHAREHOLDERS OF THE COMPANY

 

We, hereby would like to notify the Shareholders of the Company that the Extraordinary  General Meeting of Shareholders (“EGMS”) shall be held on 20th September 2018, in Jakarta .

Pursuant to article 21 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014, Regarding the EGMS Plan and Activity, the invitation of EGMS Shall be published on 29th August 2018 in 1 (one) national daily newspaper in Indonesian Language; Indonesia Stock Exchange Website and Company Website.

The Shareholders are eligible to attend or represented AGMS, whose names are recorded in the Register of Shareholders of the Company in Bureau of Securities Administration PT Datindo Entrycom on 28th August 2018 at 16.00 WIB

The shareholders who is entitled to propose the agenda of the meeting is 1 (one) shareholder or more who (collectively) represents 1/20 (one twenty) of the total shares issued by the company with valid voting rights.

The proposal of the Shareholders of the Company can be included in the agenda of EGMS subject to compliance with the requirement as stipulated in article 21 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014 and shall be received by the Board of Directors of the Company not later than 7 (seven) calendar date prior the date of notice EGMS, on Tuesday 21st August 2018.

Jakarta, 14 August 2018

PT PELITA SAMUDERA SHIPPING TBK

Board of Directors

 

PELITA SAMUDERA SHIPPING 1ST SEMESTER 2018 PERFORMANCE SOARED

JAKARTA, 31 JULY 2018
PT Pelita Samudera Shipping Tbk (“Company”, IDX code: PSSI), performance of the company providing integrated sea logistics and transshipment solutions achieved a soaring financial achievement in the first half of 2018, which significantly increased compared to the first half of 2017. The Company managed to post a net profit after tax of US$ 4 million in the first half of 2018, up by 2859% from the same period last year of US$ 136.5k.
Excellent company revenue was generated from both business segments, the coal transport volume of tugs and barges services rose by 52% from 4.1 million metric tons in the first half of 2017 to 6.2 million metric tons in the first half of 2018. This increase contributed to a 68% year-on-year increase in revenues. The transshipment volume from Floating Loading Facility services rose by 38% from 8.2 million metric tons in the first half of 2017 to 11.4 million metric tons in the first half of 2018 which contributed to a 31% year-on-year increase in revenues.
Along with the increase in coal transport and transshipment volume, cost of revenue also increased by 28% from US$ 16.9 million in the first half of 2017 to US$ 21.7 million in the first half of 2018. Total assets reached US$ 103 million in June 2018 and total equity grew by 4% in the first half of 2018 to US$ 63.4 million from US$ 61.2 million in December 2017. The Company increased its assets by purchasing some vessels in the last two years, which is a perfect timing to purchase reasonable vessel price in line with the steady coal price where the needs for coal freight logistics is increasing.
The increasingly stable coal price in 2018 contributed to the positive performance of the Company that started this year with the signing of major contracts with major coal miners in Indonesia, including for the needs of coal-fired power plants. Operational excellence that has always been the Company’s focus for last few years is continuous efficiency in tight monitoring of diesel fuel and oil usage, fleet technical cost as well as repair and maintenance. Tight control of operational and technical costs is carried out without compromising the safety and health aspects; fleet maintenance is completed on a strict scheduled basis according to regulations by certified body in order to maintain the sea worthiness of the fleet’s condition.
With the addition of new fleet that are fully operating in 2018, the Company managed to maintain an average rate of fleet utilization quite high above 90%. The Company’s operational areas in Samarinda and Banjarmasin expanded to Berau and Sangkulirang areas in East Kalimantan, and early 2018 successfully won a tender in Bukit Asam mining area in Tanjung Kampeh, South Sumatra. Along with the expansion into larger operational area and the increasing volume of coal transportation to power plant in East Java, in 2018 the Company is optimistic to target a double digit growth from 2017.
About PT Pelita Samudera Shipping Tbk. Indonesia’s leading sea freight service company over the past 11 years for coal transport and transshipment that provides integrated tugs and barges, Floating Loading Facility, floating cranes and Mother Vessel handymax services which provide value added to the consumers. The Company is a pioneer in Floating Loading Facilities operator whereby all operations are supported by ISO Management System 9001:2015 Total Quality Management, ISO 14001:2015 Environmental Management System and OHSAS 18001: 2007 Occupational Health and Safety Assessment Series.

For further information please contact:
Imelda Agustina Kiagoes
Corporate Secretary
PT Pelita Samudera Shipping Tbk
Telp. : (62-21) 2930 8801
Fax. : (62-21) 2930 8802
E-mail : corpsec@ptpss.co.id

Press Release Q1 2018 : Soared Performance

PELITA SAMUDERA SHIPPING 1ST QUARTER 2018 PERFORMANCE SOARED, EXCEEDING 2018 TARGET AND 1ST QUARTER 2017 ACHIEVEMENT

JAKARTA, 28 MAY 2018

 PT Pelita Samudera Shipping Tbk (“Company”, IDX code: PSSI), the first quarter of 2018 financial performance of the company providing integrated sea logistics and transshipment solutions achieved a significant financial increase compared to the first quarter of 2017 and exceeded first quarter of 2018 target. Coal transport and transshipment volume reached 9.6 million metric tons or increased by 55% from the first quarter of 2017 and exceeded first quarter of 2018 target by 27%. The volume achievement obtained from the tug and barge segment of 3.3 million metric tons and the Floating Loading Facility segment of 6.3 million metric tons.

From the first quarter of 2018 financial report unaudited, the Company posted revenues of US$16.2 million, increased by 60% from US$10.1 million in first quarter of 2017. The increase occurred in both segments, the tug and barge volume increased by 55% from 2.1 million metric tons in first quarter of 2017 and exceeded first quarter of 2018 target by 8%. The Floating Loading Facility volume increased by 55% from 4.1 million metric tons in first quarter of 2017 and exceeded the first quarter of 2018 target by 39%. Along with the higher volume transport and transshipment, the cost of revenue also increased by 12% from US$10.1 million in first quarter of 2017 to US$11.3 million in first quarter of 2018. The Company implemented sustainable efficiency in close monitoring on the diesel fuel and oil usage, fleet technical costs as well as repair and maintenance.

The Company recorded a comprehensive net profit of US$2.6 million, a significant increase by 347% from loss in the first quarter of 2017 at -US$1.06 million. The average fleet utilization rate is high at above 90% (February reached 96.5%) has been the operational excellence of the company. The vessels that have been purchased in 2017 will mostly be fully operational in 2018. Total assets increased by 4% from YTD December 2017 at US$101.8 million to US$105.9 million in the first quarter of 2018.

The first quarter of 2018 performance began with the positive achievement at the beginning of 2018 with major contracts obtained from major coal miners in Indonesia, one of which is PT Bukit Prima Bahari, a subsidiary of PT Bukit Asam Tbk as one of the largest state-owned energy companies in Indonesia. The contract is valued at approximately US$8.4 million which will expire in 2021, obtained through a tender for the loading and unloading of coal with Floating Crane to Vessel in one of Bukit Asam’s mining areas at Anchorage Tanjung Kampeh, Bangka Strait, South Sumatra. This winning bidding as one of the Company’s strategic business to expand into larger operational areas.

The Company which just held its first Annual General Meeting of Shareholders in May 2018 since becoming a public company in early December 2017, is very optimistic to target a volume increase above 10% from 2017 with the addition of new contracts, expansion into larger operational areas and vessels purchased in 2017 most of which will be fully operational in 2018. The operational cost reduction initiatives will continue to be implemented strictly.

Ringkasan Risalah Rapat Umum Pemegang Saham (RUPS) Tahunan

PT PELITA SAMUDERA SHIPPING Tbk
Berkedudukan di Jakarta
(“Perseroan”)
PEMBERITAHUAN
RINGKASAN RISALAH RAPAT UMUM PEMEGANG SAHAM (RUPS) TAHUNAN

Direksi Perseroan dengan ini mengumumkan bahwa Rapat Umum Pemegang Saham Tahunan (”Rapat”) perseroan, yang diselenggarakan pada Rabu, 09 Mei 2018, bertempat di Ritz Carlton Mega Kuningan, Jl. DR. Ide Anak Agung Gde Agung Kav.E.1.1 No.1, Mega Kuningan, Jakarta – 12950. Rapat dibuka pada pukul 10.11 WIB dan ditutup pada pukul 11.10 WIB.

Dengan agenda sebagai berikut:

  1. Persetujuan Laporan Tahunan Perseroan termasuk di dalamnya laporan kegiatan Perseroan, laporan pengawasan Dewan Komisaris serta pengesahan Laporan Keuangan Perseroan Audited.
  2. Persetujuan Penggunaan Laba Perseroan untuk Tahun Buku yang berakhir di 31 Desember 2017.
  3. Penetapan Gaji dan Tunjangan dan/atau Penghasilan Lainnya untuk Anggota Direksi dan Dewan Komisaris Perseroan untuk tahun buku 2018.
  4. Penunjukan Akuntan Publik untuk mengaudit laporan keuangan Perseroan untuk tahun buku 2018.
  5. Laporan pertanggungjawaban realisasi penggunaan dana hasil penawaran umum.
  6. Perubahan Susunan Dewan Komisaris Perseroan.

A. Rapat dihadiri oleh anggota Dewan Komisaris dan Direksi sebagai berikut :

  1. Bapak Hamid Awaluddin, Komisaris Utama Independen
  2. Bapak Adi Harsono, Komisaris Independen
  3. Bapak Berty Ekel, Komisaris
  4. Bapak Chavalit Tsao, Komisaris
  5. Bapak Iriawan Ibarat, Direktur Utama
  6. Bapak Harry Tjhen, Direktur
  7. Ibu Helena Adnan, Direktur Independen
  8. Bapak Setya Rahadi, Direktur
  9. Ibu Yolanda Watulo, Direktur

B. Kuorum Kehadiran Para Pemegang Saham.

Rapat dihadiri oleh para pemegang saham dan/atau kuasanya sebanyak  4.895.937.200 saham yang merupakan 97,3347 % dari 5.030.000.000 saham yang merupakan seluruh saham yang telah dikeluarkan atau ditempatkan oleh Perseroan, karenanya ketentuan mengenai kuorum Rapat sebagaimana diatur dalam pasal 23 ayat 1 (a) Anggaran Dasar Perseroan dan Pasal 86 ayat 1  Undang-Undang Nomor 40 Tahun 2007 tentang Perseroan Terbatas telah terpenuhi.

C. Kesempatan Tanya Jawab.

Kepada pemegang saham dan/atau kuasanya yang hadir dalam Rapat diberikan kesempatan untuk mengajukan pertanyaan, pendapat, usul dan/atau saran yang berhubungan dengan Agenda Rapat yang dibicarakan, dengan mekanisme mengangkat tangan dan menyerahkan formulir pertanyaan.

Ada seorang pemegang saham dengan kepemilikan sebanyak 3.000 saham yang mengajukan pertanyaan pada Agenda Rapat Ketiga.

D. Mekanisme Pengambilan Keputusan.

Mekanisme pengambilan keputusan dilakukan secara lisan dengan meminta kepada pemegang saham dan/atau kuasanya untuk mengangkat tangan bagi yang memberikan suara tidak setuju dan abstain, sedangkan yang memberikan suara setuju tidak diminta mengangkat tangan. Suara abstain dianggap mengeluarkan suara yang sama dengan suara mayoritas para pemegang saham yang mengeluarkan suara.

E. Keputusan Rapat.

Hasil pengambilan keputusan yang dilakukan melalui pemungutan suara, sebagai  berikut :

Agenda I

Tidak ada yang memberikan suara tidak setuju maupun suara abstain (blanko), dengan demikian Rapat secara musyawarah untuk mufakat, menyetujui :

  1. Menerima baik dan menyetujui Laporan Tahunan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2017 termasuk Laporan Direksi dan Laporan Tugas Pengawasan Dewan Komisaris Perseroan selama tahun buku 2017.
  2. Menyetujui dan mengesahkan Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2017 yang telah diaudit oleh KAP Tanudiredja, Wibisana, Rintis & Rekan sesuai dengan laporannya No. A180315007/DC2/YSR/2018 tanggal 15 Maret 2018  dengan pendapat wajar dalam semua hal yang material (wajar tanpa modifikasian) serta memberikan pembebasan dan pelunasan tanggung jawab sepenuhnya (volledig acquit et decharge) kepada seluruh anggota Direksi dan Dewan Komisaris Perseroan atas tindakan pengurusan dan pengawasan yang telah dijalankan selama tahun buku yang berakhir pada tanggal 31 Desember 2017, sepanjang tindakan-tindakan mereka tersebut tercermin dalam Laporan Tahunan dan Laporan Keuangan Perseroan.

Agenda II

Tidak ada yang memberikan suara tidak setuju maupun suara abstain (blanko), dengan demikian Rapat secara musyawarah untuk mufakat, menyetujui :

Penggunaan laba bersih tahun berjalan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2017 sebesar  USD 3,9 juta, sebagai berikut :

  1. Menetapkan penyisihan untuk dana cadangan Perseroan sesuai dengan Pasal 70 ayat (1) Undang-Undang Perseroan Terbatas sebesar Rp.10.100.000.000,-
  2. Menetapkan pembagian dividen sebesar Rp.25.150.000.000,- yang akan dibagikan kepada para pemegang saham dalam bentuk dividen tunai sebesar Rp.5,- per saham, yang namanya tercatat dalam Daftar Pemegang Saham Perseroan pada tanggal  22 Mei 2018 pada pukul 16.00 WIB (“Recording Date”), dengan memperhatikan peraturan PT Bursa Efek Indonesia untuk perdagangan saham di Bursa Efek Indonesia, dengan catatan bahwa untuk saham Perseroan yang berada dalam penitipan kolektif, berlaku ketentuan sebagai berikut:
    • Cum Dividen Tunai di Pasar Reguler dan Negosiasi pada  tanggal 17 Mei
    • Ex Dividen Tunai di Pasar Reguler dan Negosiasi pada tanggal 18 Mei 2018;
    • Cum Dividen Tunai di Pasar Tunai pada tanggal 22 Mei 2018;
    • Ex Dividen Tunai di Pasar Tunai pada tanggal 23 Mei 2018;

Pembayaran dividen tunai kepada para pemegang saham yang berhak akan dilaksanakan selambatnya pada tanggal 08 Juni 2018.

  1. Menetapkan sisa laba bersih tahun berjalan untuk tahun buku yang berakhir pada tanggal 31 Desember 2017 dicatat sebagai laba yang ditahan oleh Perseroan.
  2. Memberikan kuasa kepada Direksi Perseroan untuk melaksanakan segala sesuatunya sehubungan dengan pembagian dividen tersebut di atas sesuai dengan peraturan perundang-undangan yang berlaku.

Agenda III

Tidak ada yang memberikan suara tidak setuju maupun suara abstain (blanko), dengan demikian Rapat secara musyawarah untuk mufakat, menyetujui :

  1. Melimpahkan wewenang kepada Dewan Komisaris Perseroan untuk menentukan gaji dan tunjangan lainnya dari para anggota Direksi Perseroan.
  2. Memberikan kuasa kepada Komisaris Utama untuk menetapkan besarnya honorarium dan tunjangan lainnya bagi para anggota Dewan Komisaris Perseroan.

Agenda IV

Tidak ada yang memberikan suara tidak setuju maupun suara abstain (blanko), dengan demikian Rapat secara musyawarah untuk mufakat, menyetujui :

Mendelegasikan wewenang kepada Dewan Komisaris Perseroan untuk menunjuk Akuntan Publik dan Kantor Akuntan Publik yang terdaftar di Otoritas Jasa Keuangan dan memiliki reputasi yang baik yang akan melakukan audit atas Laporan Keuangan Perseroan untuk tahun buku yang berakhir pada tanggal 31 Desember 2018 dengan memenuhi kriteria-kriteria akuntan publik yang telah dijelaskan sebelumnya dalam Rapat dan memberi wewenang kepada Direksi Perseroan untuk menetapkan besarnya honorarium Kantor Akuntan Publik tersebut serta persyaratan lain sehubungan dengan penunjukan tersebut.

Agenda V

Tidak dilakukan pengambilan keputusan karena Agenda Rapat Kelima hanya bersifat laporan.

Agenda VI

Tidak ada yang memberikan suara tidak setuju maupun suara abstain (blanko), dengan demikian Rapat secara musyawarah untuk mufakat, menyetujui :

  1. Mengubah susunan anggota Dewan Komisaris Perseroan, sehingga untuk selanjutnya susunan Dewan Komisaris dan Direksi Perseroan terhitung sejak ditutupnya Rapat sampai dengan ditutupnya Rapat Umum Pemegang Saham Tahunan Perseroan pada tahun 2022, menjadi sebagai berikut :

DEWAN KOMISARIS

Komisaris Utama Indpenden : Bapak Hamid Awaluddin

Komisaris Independen : Bapak Adi Harsono

Komisaris : Bapak Chavalit Tsao

 

DIREKSI

Direktur Utama : Bapak Iriawan Ibarat

Direktur : Bapak Harry Tjhen

Direktur : Ibu Yolanda Watulo

Direktur : Bapak Setya Rahadi

Direktur Independen : Ibu Helena Adnan

  1. Memberikan kuasa dan wewenang dengan hak subtitusi kepada Direksi Perseroan untuk melakukan segala tindakan yang diperlukan sehubungan dengan perubahan susunan anggota Dewan Komisaris Perseroan tersebut.

Jakarta 14 Mei 2018
PT Pelita Samudera Shipping Tbk
Direksi Perseroan

Summary of Minutes of Annual General Meeting of Shareholders

Resume of General Meeting of Shareholder
PT Pelita Samudera Shipping Tbk
Wednesday May 9, 2018
The Company hereby announces that the Meeting(“Meeting”), held on Wednesday, 09 May 2018, at Ritz Carlton Mega Kuningan, Jl. DR. Ide Anak Agung Gde Agung Kav.E.1.1 No.1, Mega Kuningan, Jakarta – 12950. The meeting opened at 10:11 pm and closed at 11:10 pm.

A. Agenda of the Meeting

The agenda of the GMS consist of :

  1. The approval of the Company’s annual report includes reports on the Company’s activities, the supervisory reports of the Board of Commissioners and the approval of the audited financial statements of the Company;
  2. Approval of the use of the company’s profit for the financial year ended on 31 December 2017;
  3. Determination of salary and allowances and/or other income for members of the board of directors and board of commissioners of the company for the fiscal year 2018;
  4. Appointment of public accountant to audit the financial statements of the Company for the fiscal year 2018;
  5. Accountability report on the realization of the use of the Initial Public Offering funds;
  6. Changes in the composition of the board of commissioners of the company.

Meetings attended by members of the Board of Commissioners and Board of Directors as follows:

  1. Hamid Awaluddin, President Commissioner and Independent
  2. Adi Harsono, Commissioner Independent
  3. Berty Ekel, Commissioner
  4. Chavalit Tsao, Commissioner
  5. Iriawan Ibarat, President Director
  6. Harry Tjhen, Director
  7. Helena Adnan, Director
  8. Setya Rahadi, Director
  9. Yolanda Watulo, Director

B. Quorum of Attendance of the Shareholders.

The Meeting were attended by the shareholders and / or its proxies of 4,895,937,200 shares representing 97.3347% of 5.030.000.000 shares which all shares issued or placed by the Company, therefore the provisions concerning the quorum of the Meeting as regulated in Article 23 paragraph 1 (a) of the Company’s Articles of Association and Article 86 paragraph 1 of Law Number 40 Year 2007 concerning Limited Liability Companies has been fulfilled.

C. Question/Answer
The Shareholders were given the opportunity to raise questions and vote to approve or reject the meeting agenda. No party refuses or abstains on the meeting agenda so that the entire meeting agenda has been approved by deliberation and consensus without voting. In the question and answer session there is only one shareholder who represents 3.000 shares of the company. The question is about honorarium for the board of Commissioners. It has been answered by the Board of Director.

D. Decision Making Mechanism.

The decision-making mechanism is done verbally by requesting to the shareholders and / or its powers to raise the hand for those who vote in disagree and abstain, while those who vote in agreement are not required to raise their hands. Abstain voices are considered to be issued in the same manner as the majority vote of the shareholders who vote.

E. Meeting Decision.

The results of the decisions made by vote, as follows:

Agenda I

No one dismissed or abstained, so the Meeting deliberated to consensus agreed:

  1. Accept and approve the Annual Report of the Company for the financial year ended on 31 December 2017 including the Report of Board of Directors and the Supervisory Report of the Board of Commissioners of the Company during the fiscal year 2017.
  2. To approve and ratification the Company’s Financial Report for the financial year ended on 31 December 2017 audited by KAP Tanudiredja, Wibisana, Rintis & Rekan in accordance with its report No. A180315007 / DC2 / YSR / 2018 dated March 15, 2018 with reasonable opinion in all material matters (unreasonably without modification) and granted the exemption and full (volledig acquit et decharge) to all members of the Board of Directors and Board of Commissioners for the management and supervision carried out during the financial year ending on 31 December 2017, provided that their actions are reflected in the Company’s Annual Report and Financial Report.

Agenda II

No one dismissed or abstained, so the Meeting deliberated to consensus agreed:

The use of the Company’s current year net income for the year ended December 31, 2017 amounted to USD 3.9 million, as follows:

  1. Determine the provision for the Company’s reserve fund in accordance with Article 70 paragraph (1) of the Company Law of Rp.10.100.000.000, –
  2. Determine the distribution of dividends of Rp.25.150.000.000, – Which will be distributed to shareholders in the form of cash dividends of Rp.5, – per share, whose names are recorded in the Company’s Register of Shareholders on May 22, 2018 at 16.00 WIB Time (“Recording Date”), According regulation of PT Bursa Efek Indonesia for trading shares in Indonesia Stock Exchange, for shares of the Company which are in collective custody, the following provisions apply:
  • Cum Dividend Cash in Regular and Negotiated Market on May 17,2018.
  • Ex Cash Dividend in the Regular and Negotiated Market on May 18,2018.
  • Cash Dividend in Cash Market on May 22, 2018.
  • Ex Cash Dividend in Cash Market on May 23, 2018.

Cash dividends payment to eligible shareholders will be executed in June 8, 2018.

  1. Determine the remaining net income for the year ended December 31, 2017 recorded as retained earnings by the Company.
  2. Give the authority to the Board of Directors to execute in connection with dividend distribution mentioned above in accordance with laws and regulations.

Agenda III

No one dismissed or abstained, so the Meeting deliberated to consensus agreed:

  1. Authorize the Board of Commissioners to determine remuneration and other allowances of the members of the Board of Directors.
  2. Provide attorney to the President Commissioner to determine the amount of honorarium and other allowances for the members of the Board of Commissioners.

Agenda IV

No one dismissed or abstained, so the Meeting deliberated to consensus agreed:

Authorize the Board of Commissioners to appoint a Public Accountant which is registered in the Financial Services Authority, to audit the Company’s Financial Statements for the financial year ended on 31 December 2018, and give authority to the Board of Directors determine the honorarium of the Public Accounting Firm as well as other terms relating to the appointment.

Agenda V

Report on realization of the use of the Initial Public Offering funds for report purpose only.

Agenda VI

No one dismissed or abstained, so the Meeting deliberated to consensus agreed:

  1. Amend the composition of the members of the Board of Commissioners of the Company, and effectively Board of Commissioners and Board of Directors composition until the closing of the Meeting in 2022 are as follows:

BOARD OF COMMISSIONERS
Hamid Awaluddin  – President Commissioner and Independent
Adi Harsono  – Independent Commissioner
Chavalit Tsao  -Commissioner

BOARD OF DIRECTORS
Iriawan Ibarat – President Director
Harry Tjhen – Director
Yolanda Watulo -Director
Setya Rahadi – Director
Helena Adnan – Independent Director

  1. Authorize with substitution rights to the Board of Directors to perform all necessary actions in relation to the change in the composition of the members of the Board of Commissioners.


Jakarta May 14, 2018
PT Pelita Samudera Shipping Tbk
Board of Directors

The Invitation of Annual General Meeting of Shareholders PT PELITA SAMUDERA SHIPPING TBK

The Directors hereby invite the shareholders of the Company to attend the Annual General Meeting of Shareholders for the year of 2017 (“Meeting“) which will be convened on:

Day/Date : Wednesday, 9th May 2018
Time : 10.00 WIB – finish
Venue : Ritz Carlton Mega Kuningan, Jl. DR. Ide Anak Agung Gde Agung Kav.E.1.1 No. 1, Mega Kuningan Jakarta 12950

With Meeting Agendas as follows:

  1. Submission and approval of Annual Reportof the Company, the supervisory report of the Board of Commissioners and ratification of Audited financial statement for the financial year ended 31st December 2017;
  2. Approval for determination on the use of the Company’s Net Profit for the Financial Year 2017;
  3. Determination of the remuneration package for the members of the Board of Commissioners and Directors of the Company for the Financial Year 2018;
  4. Appointment of a Public Accountant for an audit of the annual calculation of the Company for the Financial Year of 2018;
  5. Report on the Use of Fund obtained from the Initial public Offering;
  6. Change of the Board of Commissioners composition.

Notes:

The Shareholders are entitled to attend or be represented at the Meeting are :

  • For shares of the Company that have not been included in Collective Custody are only Shareholders whose names are registered in the Shareholder Register of the Company on April 16, 2018 until 16.00 WIB;
    b. For shares of the Company in the Collective Custody are only account holders whose names are registered as the Company’s Shareholders in the securities accounts of custodian banks or securities companies listed in the Company’s Register of Shareholders on 16 April 2018 at 16.00 WIB.
  • For the securities account holder of PT Kustodian Sentral Efek Indonesia (KSEI), it is required to submit the Shareholder Register to KSEI to obtain Written Confirmation for Meeting (KTUR).

The Shareholders or the proxy of shareholders who will attend the Meeting are requested to submit a photocopy of identity card (“KTP”) or other identification which is still valid prior entering the meeting room. Specifically for Shareholders whose shares in KSEI are requested to submit KTUR to the registration officer prior to entering the meeting room.

For shareholders whom in the form a legal entity, it should bring a copy of the articles of associations and it latest amendment and submit all documents to the registration officer prior entering the meeting room.

  • The Shareholders who are unable to attend the meeting could be represented by its proxy by submitting a valid power of attorney, which it form is determined by the Directors with the provisions of the the Directors, Member of the Board of Commissioners, and employees of the Company may act as a proxy in the meeting, however, the vote raised by them as a proxy will not be counted in the voting;
  • Power of Attorney Forms may be obtained every working day at the Company’s Office, Menara Citicon 19th floor Jalan Letjen S Parman Kav 72 Jakarta Barat 11410, phone number 021-29308801, fax 021-29308802 or contact Company’s Corporate Secretary (Imelda Agustina Kiagoes).
  • Power of attorney which has been signed must be received by the Directors latest at 16.00 WIB by Monday, 7th May 2018. If the Power of Attorney submitted in the form of photocopy, the original Power of Attorney must be submitted at the time of registration prior entering the Meeting room.
  • Meeting materials are available at the Company’s office as of the date of this invitation. The shareholders may contact the Company’s Corporate Secretary (Imelda Agustina Kiagoes).

Jakarta, 17 April 2018
The Directors
PT Pelita Samudera Shipping Tbk

NOTIFICATION TO SHAREHOLDERS

NOTIFICATION

TO SHAREHOLDERS OF THE COMPANY

 

We, hereby would like to notify the Shareholders of the Company that the Annual General Meeting of Shareholders (“AGMS”) shall be held on 09th May 2018, in Jakarta

Pursuant to article 19 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014, Regarding the Annual General Meeting of Shareholders Plan and Activity, the invitation of AGMS Shall be published on 17th April 2018 in 1 (one) national daily newspaper in Indonesian Language; Indonesia Stock Exchange Website and Company Website.

The Shareholders are eligible to attend or represented AGMS, whose names are recorded in the Register of Shareholders of the Company in Bureau of Securities Administration PT Datindo Entrycom on 16th April 2018 at 16.00 WIB

The shareholders who is entitled to propose the agenda of the meeting is 1 (one) shareholder or more who (collectively) represents 1/20 (one twenty) of the total shares issued by the company with valid voting rights.

The proposal of the Shareholders of the Company can be included in the agenda of AGMS subject to compliance with the requirement as stipulated in article 19 of Article of Association of the Company and Indonesia Financial Services Authority Regulation No. 32/POJK.04/2014 dated 08th December 2014 and shall be received by the Board of Directors of the Company not later than 7 (seven) calendar date prior the date of notice AGMS.

Jakarta, 2 April 2018

PT PELITA SAMUDERA SHIPPING TBK

Board of Directors

2017 Performance Soared, Pelita Samudera Shipping Relying On Operational Excellence and Cost Monitoring Efficiency

JAKARTA, 19 MARCH 2018.

PT Pelita Samudera Shipping Tbk (“Company”, IDX code: PSSI) has successfully achieved excellent financial performance throughout 2017. The Company recorded revenues of US$49 million and net income of US$3.92 million in 2017 whereby operational excellence and cost-efficiency discipline have been the mainstay of the Company since unstable coal price period at the end of 2015. This very exciting achievement amounted to 42% increase of revenues in 2016 or US$34.59 million and a very significant increase in net income of 132% from a net loss in 2016 of US$12.41 million.

2017 excellent performance contributed by a 30% increase in volume of coal transport and hauling compared to 2016 with an upward trend in commodity prices where coal prices starting to rebound and stabilizing in 2017. The volume of tug and barging coal services was 9.84 million metric tons, increased by 51% from 2016; the volume of Floating Loading Facility coal hauling services was 20.37 million metric tons, increased by 22% from 2016.

Continuous improvements in operating and efficiency performance including tight monitoring of diesel fuel and oil usage, fleet technical costs, docking and fleet maintenance have successfully reduced the cost of revenue by 6.5% from 2016.

With the increasing demand for coal transportation services, the Company continues to expand by investing in purchasing new fleet, to be able to reduce the chartering cost. The purchase of 5 sets of tugs and barges in mid-2017 as well as the purchase of 4 units of tugs and 3 barges by the end of 2017 which mostly have been operated in the 4th quarter of 2017. These new acquired fleet will be fully operated in 2018. The Company also recorded an 18% increase in total assets or US$101.81 million in 2017 from US$86.37 million in 2016.

The target volume of coal transport and hauling in 2018 is aimed to increase by approximately 10% from 2017 volume of 30 million metric tons. The Company’s first purchase of Mother Vessel with a capacity of 31,005 metric tons which was handed over at the end of February 2018 would also add to the targeted volume. With the fleet utilization rate was above 90% throughout 2017, tight cost control monitoring and efficiency, as well as Company’s focus to always anticipate the fluctuations in commodity markets will continue to be a good business strategy for the Company. About PT Pelita Samudera Shipping Tbk. Indonesia’s leading sea freight service company over the past 10 years for coal hauling and transportation that provides integrated tugs and barges, Floating Loading Facility and floating cranes services which provide value added to the consumers. The Company is a pioneer in Floating Loading Facilities operator whereby all operations are supported by ISO Management System 9001: 2015, Total Quality Management, ISO 14001: 2015 Environmental Management System and OHSAS 18001: 2007 Occupational Health and Safety.

For further information please contact:
Imelda Agustina Kiagoes
Corporate Secretary
PT Pelita Samudera Shipping Tbk
Telp. : (62-21) 2930 8801
Fax. : (62-21) 2930 8802
E-mail : corsec@ptpss.co.id

Graduate Development Program

Embrace and build your early professionals career with us.  Join PT Pelita Samudera Shipping Tbk. In PT Pelita Samudera Shipping Tbk, we hire excellent graduates into Graduate Development Program (GDP) based in different stream in our group of business.

Our 9-months graduate program with bonding 18 months is designed to develop high performing talents with operational excellence focus and to become our future managers and leaders.

Our GDP consist of 3 (three) phases – in class / simulation / projects, attachment and assignments where you will be need to show us that you share our values and have your own distinctive strengths.

Duration: 9 months trainee and 18 months placement

Location: Jakarta, Kalimantan, Sumatera

Requirements :

Bachelor Degree or Master Degree with minimum GPA 3.0 following major :

  • Mining Engineering
  • Geological Engineering
  • Mechanical Engineering
  • Electrical Engineering
  • Civil Engineering
  • Marine Engineering
  • Ocean Engineering
  • HSE
  • Information Technology
  • System Information
  • Finance and Accounting
  • Psychology
  • Law
  • Management

College student in the last semester are welcomed to apply (graduation in August 2018)

Proficient in English, Computer Literate, Have Good Non Academic Achievements during Campus Life, Dynamic, persistent, collaborative, great can-do attitude, flexible, comfortable facing Senior Management.

This program has been successfully gather 700+ responses. Now, registration is closed (12 Maret 2018).

PT Pelita Samudera Shipping Tbk Successfully Secured a 5 year Contract Worth US$39 Million for Coal Transport Services

JAKARTA, 1 FEBRUARY 2018

PT Pelita Samudera Shipping Tbk (“The Company”, IDX code: PSSI) started in 2018 with securing a 5-year contract from PT Jembayan Muarabara (Sakari Resources Group), a coal mining company that is part of PTT Thailand’s business group. The US$39 million contract was obtained through a tender related to the transport of coal from the Mahakam Terminal, Kutai, East Kalimantan to PT Paiton Energy in Probolinggo, East Java, which is one of the largest power plants in Indonesia. The contract was signed on January 26, 2018 by the President Director of the Company, Iriawan Ibarat and President Director of PT Jembayan Muarabara, Sudasi Harsono in Jakarta.

The US$39 million contract adds a three-year transhipment barging contract that has been announced in January 2018 of US$18 million. Thus, the total contract that has been achieved by the Company from PT. Jembayan Muarabara amounted to US$57 million with total tonnage of 11 million in the period of 3 to 5 years.

This new contract proves the high confidence of coal business players to Company’s performance in the logistics industry. The Company is optimistic that the double-digit growth targeted in 2018 will be achieved, as it did in 2017 where the Company posted revenue growth of approximately 34% higher than 2016.

About PT Pelita Samudera Shipping Tbk.
Indonesia’s leading sea freight service company over the past 10 years for coal hauling and transportation that provides integrated tugs and barges, Floating Loading Facility and floating cranes services which provide value added to the consumers. The Company is a pioneer in Floating Loading Facilities operator whereby all operations are supported by ISO Management System 9001: 2015, Total Quality Management, ISO 14001: 2015 Environmental Management System and OHSAS 18001: 2007 Occupational Health and Safety.

For further information please contact:
Imelda Agustina Kiagoes
Corporate Secretary
PT Pelita Samudera Shipping Tbk
Telp. : 0811 9337 187
Fax. : (62-21) 2930 8802
E-mail : imeldakiagoes@ptpss.co.id