36th General Meeting of the Shareholders of NLB d.d.
14th June 2021
In accordance with the provisions set out in the Rules of the Ljubljana Stock Exchange and the relevant laws, the NLB Management Board hereby announce the results of votes cast at the 36th General Meeting of the Shareholders of NLB d.d.
Shareholders of NLB d.d. gathered today, on 14 June 2021, at the 36th General Meeting of NLB d.d. where 77.19 % shares with voting rights were present. First, they took note of the approved NLB Group 2020 Annual Report, Report of the Supervisory Board of NLB d.d. on the results of the examination of the NLB Group Annual Report 2020 and Information on the income of members of the Management Board and Supervisory Board of NLB d.d. during last year. The shareholders also decided on the allocation of distributable profit for 2020 and granting a discharge from liability to the Management Board of NLB d.d. and Supervisory Board of NLB d.d., amendments and supplements to the Articles of Association of Nova Ljubljanska banka d.d., Ljubljana, election of Member of the Supervisory Board of NLB d.d. and other points on the agenda. For more details see the resolutions published by the Bank together with the results of voting at the 36th General Meeting of NLB d.d. at its website.
Distributable profit in the amount of EUR 24,800,000.00 shall be paid to the Shareholders as dividends in two instalments.
The distributable profit of NLB d.d. as at 31 December 2020 amounts to EUR 341,992,219.43 and consists of net profit for 2020 in the amount of EUR 113,952,339.70 and retained earnings from previous financial years in the amount of EUR 228,039,879.73.
In accordance with the recommendation of the ECB, the Regulation of the Bank of Slovenia and adopted resolution of the General Meeting of NLB d.d., NLB d.d. will pay on 22 June 2021 the first instalment of dividends in the total amount of EUR 12 million, which is EUR 0.60 per share and on 18 October 2021 the second instalment of dividends in the total amount of EUR 12.8 million, which is EUR 0.64 per share, with Management Board NLB d.d. being entitled and obliged to cancel in part or in full the payment of the second instalment of the dividend if the payment would be in conflict with the regulations.
The General Meeting of NLB d.d. granted discharge to the members of the management and supervisory bodies for the 2020 financial year.
Member of the Supervisory Board of NLB d.d. elected
Because the term of office of a member of the Supervisory Board of NLB d.d. expired, the General Meeting of NLB d.d. also decided on the election of its member. A new term of office was confirmed to Islam Osama Zekry.
The term of office of the new Member of the Supervisory Board of NLB d.d. shall be from the day of appointment (start of the term of office) and last until the close of the Annual General Meeting of NLB d.d. that decides on the allocation of distributable profit for the fourth financial year after he started the term of office, whereby the year in which he started the term of office counts as the first year.
Amended and supplemented Articles of Association of Nova Ljubljanska banka d.d., Ljubljana
The General Meeting of NLB d.d. adopted the proposed amendments and supplements to the Articles of Association of Nova Ljubljanska banka d.d., Ljubljana.
General Meeting of NLB d.d. also passed decisions on other items on the agenda. All adopted resolutions together with voting results are available to interested parties at the bank's website.
The results of the votes cast at 36th General Meeting of NLB d.d.
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