General Information on General Meeting
Shareholders exercise their rights at NLB Bank's General Meeting. The Management Board or the Supervisory Board summon assemblies at least once a year and within six months of the end of each financial year. Announcements need to be published at least one month before the date of the General Meeting.
Shareholders can exercise their rights at the General Meeting either in person, by legal representative or by proxy. Participation requires submitting to NLB Bank appropriate documentation verifying identification. Shareholders are obliged to announce their participation on NLB Bank's General Meeting at least 3 days prior to the meeting, and declare the total number of their shares to be used when voting at the Assembly.
Shareholders, who own at least 5% of nominal capital, can submit a written demand that the Supervisory Board summon a General Meeting of Shareholders or that a certain issue is put on the agenda at the Assembly.
Decisions made at the Assembly can be enforced by a majority vote of Shareholders, unless the law or the Company's Act state otherwise.