ENGLISH
|
JAPANESE
|
CONNECT WITH US:
Home
About
Contact
Log in
*
Home
Press release
Aug 19, 2021 21:00 JST
Source:
PT Wintermar Offshore Marine Tbk
Wintermar Shareholders Approve New Share Issuance for Future Growth
WINS' independent shareholders approve new issuance of up to 415 million shares without pre-emptive rights to enable the Company to invest amidst better industry conditions.
JAKARTA, Aug 19, 2021 - (ACN Newswire) - PT Wintermar Offshore Marine Tbk (WINS:JK) held its Annual General Meeting of Shareholders ("AGM") on 19th August 2021, attended by a quorum of more than 84% of shareholders. This was the first time the Company conducted a hybrid AGM, utilizing the new eASY.KSEI platform for virtual AGM, which also provided an electronic system for shareholders to register their votes. The meeting also met the quorum of attendance by a majority of independent shareholders, which was necessary for the approval of the share issuance without pre-emptive rights, according to OJK regulations.
All agenda items were approved, including the issuance of 415 million shares without pre-emptive rights, in which only independent shareholders were allowed to vote.
Apart from receiving and approving the Annual Report for FY2020, the Meeting also approved the appointment of Mr Sim Idrus Munandar as an Independent Commissioner. Mr Sim holds several positions as Commissioner and Independent Director in listed companies on the IDX and Singapore Stock Exchange. At the meeting, Mr Johnson Williang Sutjipto, who has been a Commissioner since Wintermar was listed on the Indonesian Stock Exchange in 2010, stepped down from his position. Mr Sugiman Layanto, Managing Director, thanked Mr Johnson W. Sutjipto for his very significant contribution to Wintermar Group, especially for his wisdom and guidance in steering the Company through the challenging period of the past few years.
During the AGM, Finance Director Janto Lili reported on the results for FY2020 where the Company made a gross profit despite being affected by postponement and cancellation of contracts due to the COVID-19 pandemic.
Looking forward, Managing Director Sugiman Layanto outlined the positive business outlook for the offshore support vessel industry now that the oil price has recovered to above US$70 per barrel and several large oil and gas projects are planned for the next few years in Asia, with Indonesia's SKK Migas also setting an ambitious production target to reach 1 million barrels per day of oil equivalent by 2030.
With gearing below 30% by end June 2021, after streamlining the fleet and reducing overhead costs, Wintermar is now ready to start investing again. Management has been pursuing several potential opportunities to invest in assets to grow the profitability of the Company and the new share issuance provides access to funding when needed.
As at end of June 2021, the Company's Contracts on hand amounted to US$69 million.
About Wintermar Offshore Marine Group
Wintermar Offshore Marine Group (WINS.JK), developed over nearly 50 years with a track record of quality that is both a source of pride and responsibility that we are dedicated to upholding, and sails a fleet of more than 48 Offshore Support Vessels ready for long term as well as spot charters. All vessels are operated by an experienced Indonesian crew, tracked by satellite systems and monitored in real-time by shore-based Vessel Teams.
Wintermar is the first shipping company in Indonesia to be certified with an Integrated Management System by Lloyd's Register Quality Assurance, and is currently certified with ISO 9001:2015 (Quality), ISO14001:2015 (Environment) and OHSAS 18001:2007 (Occupational Health and Safety). For more information, please visit www.wintermar.com.
For further information, please contact:
Ms. Pek Swan Layanto, CFA
Investor Relations
PT Wintermar Offshore Marine Tbk
Tel: +62-21 530 5201 Ext 401
Email:
investor_relations@wintermar.com
Source: PT Wintermar Offshore Marine Tbk
Sectors: Marine & Offshore
Copyright ©2025 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
Latest Release
Prideone Entertainment Announces New Post-War Film to Commemorate the 80th Anniversary of World War II's End
Apr 03, 2025 07:00 JST
"GTF Advantage" Engine Achieved FAA Type Certification
Apr 02, 2025 17:41 JST
Hitachi's New Corporate Vision: Changing the World and Future with the Power of Knowledge
Apr 01, 2025 18:46 JST
Hitachi: Strengthening Our Analytical Business to Solve Social Issues with Our Core Technologies
Apr 01, 2025 18:38 JST
Hitachi: Completion of New Production Facility for Semiconductor Manufacturing Equipment in Kasado Area
Apr 01, 2025 17:52 JST
NEC has developed technologies that enable a secure workflow for personalized cancer vaccines and has proven their capabilities
Apr 01, 2025 16:15 JST
Mitsubishi Motors Launches Miland Virtual Car Lifestyle App Service
Apr 01, 2025 14:59 JST
Mitsubishi Corporation: Development of R&D Hub "iPark Kobe" in Kobe Medical Industry City
Apr 01, 2025 14:16 JST
Eisai to Divest Rights for Pariet in China to Peak Pharma
Apr 01, 2025 13:15 JST
Everbright Grand China Assets Recorded Revenue of RMB 45.9 Million in 2024
Apr 01, 2025 12:25 JST
MHIEC Receives Order for Full Refurbishment of Waste Incineration Plant in Itoman City, Okinawa Prefecture
Apr 01, 2025 11:45 JST
MHI Concludes "Mizuho Eco Finance" Commitment Line Agreement
Apr 01, 2025 10:51 JST
MHI Concludes Nissay Positive Impact Finance Agreement
Apr 01, 2025 09:54 JST
Gome Retail Continues to Focus on Its Main Business and Actively Resolve Debt
Apr 01, 2025 02:36 JST
Cryofocus Medtech: Steady Increase in Revenue and Gross Profit with Solid R&D Expenditures in 2024
Apr 01, 2025 01:42 JST
Five NTT Group Companies and Biome Inc. Start Joint Development of Large-scale Estimation Technology for Vegetation and Organisms using Satellite Image Data
Mar 31, 2025 15:43 JST
TANAKA Memorial Foundation Announces Recipients of Precious Metals Research Grants
Mar 31, 2025 11:00 JST
Fujitsu and Macquarie University partner to help address critical shortage of machine learning engineers
Mar 31, 2025 09:28 JST
ForexIGO by Avenix Fzco Enhances Automated Trading with Dual-Asset Precision
Mar 29, 2025 22:30 JST
Hua Medicine Announces 2024 Annual Results
Mar 28, 2025 22:51 JST
More Latest Release >>
Related Release
Wintermar Reports Results For The Full Year Ended 31 December 2024
March 25 2025 13:00 JST
Wintermar Offshore (WINS:JK) Reports 9M2024 Results
October 29 2024 17:40 JST
Wintermar Offshore (WINS:JK) Reports 1H2024 Results
July 29 2024 13:00 JST
Wintermar Offshore (WINS:JK) Public Expose 2024
June 21 2024 14:00 JST
Wintermar Offshore (WINS:JK) Reports 1Q2024 Results
April 30 2024 16:48 JST
Wintermar Offshore (WINS:JK) Reports FY2023 Results
March 29 2024 10:15 JST
Wintermar Offshore (WINS:JK) Invests in Bruneian Company for Offshore Supply Vessel Operations
February 02 2024 14:00 JST
Wintermar Offshore (WINS:JK) Reports 9M2023 Results
October 30 2023 11:00 JST
Wintermar Offshore (WINS:JK) Reports 1H2023 Results
July 31 2023 17:00 JST
Wintermar Offshore (WINS:JK) Public Expose 2023
June 16 2023 15:45 JST
More Press release >>