7 April 2017
Today, on 7 April 2017, the 28th General Meeting of Shareholders of NLB d.d. was held, at which the rights of the Republic of Slovenia as the only shareholder of NLB were represented by Slovenski državni holding, d.d. (SDH). The General Meeting among other acknowledged the NLB Group Annual Report for 2016 and decided on the use of distributable profit for 2016 - EUR 63.78 million shall be allocated to the Bank’s only shareholder (namely EUR 3.189 per share). Afterwards, the General Meeting granted discharge to the Management Board and Supervisory Board for the business year 2016.
The General Meeting of NLB d.d. acknowledged the adopted 2016 NLB Group Annual Report, the Supervisory Board’s Report on the results of examining the Annual Report, the Information on the receipts of the NLB d.d. Management Board and Supervisory Board members in 2016 and acknowledgement of the amendments to the Rules on determining other rights under management employment contracts or other documents of NLB d.d.
It adopted the resolution to allocate EUR 63.78 million of the distributable profit for 2016, amounting to EUR 145.31 million (which includes the profit brought forward from the previous years in the amount of EUR 81.53 million and the net profit for 2016 in the amount of EUR 63.78 million) to the sole shareholder of the Bank (EUR 3.189 per share). The share amounting to EUR 81.53 million is left undistributed and becomes part of the profit brought forward.
The General Meeting granted discharge to the Management Board and Supervisory Board for the business year 2016. At the end of the General Meeting, the four-year term of office of the member of the Supervisory Board Uroš Ivanc expired. The Supervisory Board shall continue its work as usual, with seven members.
The General Meeting of Shareholders of NLB d.d. also acknowledged the adopted Internal Audit's Report for 2016 and the positive opinion of the Supervisory Board of the NLB.
At the General Meeting, the shareholder requested an additional item on the agenda, proposing the amendment to the Article of the Articles of Association which regulates the composition of the Supervisory Board and the supplementation of the Articles of Association by regulating the permission for the transfer of shares.