Nathaniel Rothschild to Remove from Bumi Plc

Sunday, 05 February 2012 21:11

Written by Hans GN

Nathaniel Rothschild, Remove from Bumi Plc

LONDON, Indonesia Today - Directors of Bumi Plc have received a notice from Borneo Bumi Energi & Metal Pte. Ltd for removing Nathaniel Rothschild, Andrew Beckham, James Campbell, Badung Tariono and Amir Sambodo from their offices as Directors of the company.

Borneo Bumi Energi & Metal Pte. Ltd is the holder of not less than 5 percent of the paid-up voting share capital of Bumi Plc.

Borneo Bumi requires Bumi Plc's director to convene a general meeting of the Company to consider and if thought fit to pass ordinary resolutions to appoint;

Samin Tan as Chairman and Indra Bakrie as Co-Chairman of Bumi Plc, Nalinkant Amratlal Rathod as CEO, replacing Ari Hudaya, Scott Merrillees as CFO, replacing Andrew Beckham, and appoint Jean-Marc Mizrahi, Alexander Ramlie, Michael Lucente and Graham Holdaway as directors of Bumi Plc.

The notice does not propose to make any changes to the positions of the other Directors: Sir Julian Horn-Smith, Sir Graham Hearne, Lord Renwick, Sony B Harsono, Philip Yeo, Steve Shapiro and Rosan Roeslani.

Bumi Plc confirms that the Board of Directors will make the necessary arrangements to convene such a meeting within the required timetable.

Coking coal producer PT Borneo Lumbung Energi & Metal Tbk (BORN), a company controlled by Samin Tan, had in January 20, 2012 completed the US$1 billion acquisition of 23.8% Bumi Plc shares from Bakrie Group. (hans@theindonesiatoday.com)

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