REG - Nova Ljubljanska - 41st General Meeting of NLB d.d. will be on 11 Dec

Nova Ljubljanska Banka dd LjubljanaAnnouncement

27/10/2023 07:15

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20231027:nRSa4710Ra&default-theme=true

RNS Number : 4710R  Nova Ljubljanska Banka d.d.  27 October 2023

October 27th, 2023

 

41(st) General Meeting of NLB d.d. will be held on 11 December

 

Pursuant to Article 130 of the Market in Financial Instruments Act, Article
295 of the Companies Act and Article 11 of the Articles of Association of NLB
d.d. the Management Board of NLB d.d. hereby convenes the

41st General Meeting of NLB d.d.

 

NLB announces the convocation of the 41st General Meeting of Shareholders of
NLB d.d., which will be held on 11 December this year, starting at 11 a.m. The
meeting will be held both live (in Cankarjev dom in Ljubljana) and as an
electronic general meeting, taking place via the web portal. All interested
stakeholders can find the proposed resolutions with clarifications and other
materials and instructions for the General Meeting here
(https://www.nlb.si/general-meetings) .

 

At the meeting, a decision will be made on the additional allocation of
distributable profit for 2022. The NLB Management and Supervisory Boards will
propose to shareholders that dividends in the total amount of EUR 55 million,
which is EUR 2.75 gross per share, be paid out on 19 December, 2023 to the
persons who are registered as the Shareholders of NLB d.d. with the KDD -
Central Securities Clearing Corporation, LLC., on the day that is five working
days after the General Meeting that adopted this resolution (18 December 2023,
Cut-Off Date).

 

This dividend pay-out will be the second one this year, following the pay-out
of dividends in a total amount of EUR 55 million (EUR 2.75 gross per share) on
June 27, 2023. Together, both pay-outs will amount to EUR 110 million from the
profit generated in 2022, which is not included in the capital base, meaning
that it will not affect NLB Group's capital ratios. With these pay-outs, NLB
remains firmly on the path to fulfil its ambition - a total capital return
through solid cash dividends in a cumulative amount of EUR 500 million by the
end of 2025, including 2022 pay-outs.

 

NLB Management and Supervisory Boards will also propose to shareholders that
the remaining part of the distributable profit remains undistributed and
represents retained earnings.

 

Furthermore, at the General Meeting, the NLB shareholders will also vote on
the approval of the Remuneration Policy for the Members of the Supervisory
Board of NLB d.d. and the Members of the Management Board of NLB d.d.
(hereinafter: Remuneration Policy). The Remuneration Policy was namely revised
to ensure that remuneration of the members of the Management Board is aligned
with Groups' long-term strategic goals, as well as with Shareholders'
interests and advice, relevant regulation, guidelines, and best practices. The
revised Remuneration Policy envisages the use of a balanced set of performance
metrics, which are defined, structured, and based on clear grid and weights,
including financial results, operational efficiency, strategic milestones, and
environmental, social, and governance (ESG) factors. Additionally, a long-term
incentive (LTI), tied to relative Total Shareholder Return (TSR), as well as
long-term targets related to sustainability, organisational culture, and
employee development, are being introduced. All this aims to ensure that
Management Board Members are incentivized to contribute not only to immediate
financial success, but also to the Group's overall sustainability, growth, and
long-term value for shareholders.

 

Investor Relations

NLB d.d., Ljubljana

 

 

Convocation of the 41(st) General Meeting of NLB d.d.

 

PUBLICATION OF AGENDA AND PROPOSED RESOLUTIONS TO BE PASSED AT

41(st) GENERAL MEETING OF NLB d.d.

 

 

Pursuant to Article 295 of the Companies Act ("ZGD-1") and Article 11 of the
Articles of Association of NLB d.d., ("Articles of Association"), the
Management Board of NLB d.d. hereby convenes

 

41(st) General Meeting of NLB d.d., Trg republike 2, 1000 Ljubljana,

 

which will be held in Ljubljana, on 11 December 2023, starting at 11:00 a.m.
and the registration starting at 10:30 a.m., at the address CANKARJEV DOM,
kulturni in kongresni center, Prešernova cesta 10, Ljubljana, and as
Electronic General Meeting without the physical presence of Shareholders by
electronic means via web portal https://webvoting.ixtlan.si/voting/nlb
(https://webvoting.ixtlan.si/voting/nlb) ("Electronic General Meeting" or
"EGM"), with the possibility of registration to access digital environment at
10:00 a.m.,

 

with the following agenda:

 

 

Item 1: Opening, establishment of quorum and election of the Chair of the
General Meeting of NLB d.d.

 

The Management Board of NLB d.d. and Supervisory Board of NLB d.d. propose
that the following resolution be adopted:

 

Mr. Matej Kavčič, attorney at law, is hereby elected Chair of the General
Meeting of NLB d.d.

 

 

Item 2: Decision on the allocation of distributable profit for 2022

 

The Management Board of NLB d.d. and Supervisory Board of NLB d.d. propose
that the following resolution be adopted:

 

 

The distributable profit of NLB d.d. on 31 December 2022 amounted to EUR
515,463,762.89, of which EUR 55,000,000.00 was paid out on 19 June 2023
according to the resolution of the General Meeting of NLB d.d. The remaining
part of the distributable profit shall be allocated as follows:

 

1.   in the amount of EUR 55,000,000.00, which is EUR 2.75 gross per share,
shall be paid out on 19 December 2023 to the persons who are registered as the
Shareholders of NLB d.d. with the KDD - Central Securities Clearing
Corporation, LLC., on the day that is 5 working days after the day of the
General Meeting that adopted this resolution (18 December 2023, Cut-Off Date);

2.   in the amount of EUR 405,463,762.89 remains undistributed and
represents retained earnings.

 

With regard to the dividend payment, the day of announcement of the corporate
action to the Central Securities Clearing Corporation system members is the
first working day after the close of session of the General Meeting at which
this resolution was adopted (12 December 2023) and the day without entitlement
is the last working day prior to Cut-Off Date (15 December 2023).

 

 

Item 3: Vote on the Remuneration Policy for the Members of the Supervisory
Board of NLB d.d. and the Members of the Management Board of NLB d.d.

 

The Management Board of NLB d.d. and Supervisory Board of NLB d.d. propose
that the following resolution be adopted:

 

The General Meeting of NLB d.d. hereby approves the Remuneration Policy for
the Members of the Supervisory Board of NLB d.d. and the Members of the
Management Board of NLB d.d., whereby the vote on this resolution is of a
consultative nature in accordance with ZGD-1.

 

 

 

********************************************************************************************************

All Items have been proposed by the Management Board of NLB d.d. and
Supervisory Board of NLB d.d.

 

 

Material

The proposed resolutions with explanations and other materials for the General
Meeting are available to the Shareholders for review at the Company's
registered office at Trg republike 2, 1000 Ljubljana, Secretariat, every
working day from 9 a.m. to 12 noon, from the day the General Meeting
Convocation was published up to and including the day when the General Meeting
takes place, and are also available on the website
https://www.nlb.si/general-meetings, which also provides detailed information
on the Shareholders' rights in accordance with the second indent of the second
paragraph of Article 296 of the Companies Act. This Publication is also
published in the SEOnet electronic notification system of the Ljubljana Stock
Exchange, on London Stock Exchange (Regulatory News Service) and the AJPES
website. The Shareholders who would wish to see the resolutions together with
the grounds and other materials for the General Meeting at the Company's
headquarters are required to make an appointment on the phone number + 386
(0)1 470 70 33 (available every working day between 9 a.m. and 11 a.m.) or by
e-mail at Skupscina2023@nlb.si.

 

Conditions for participation

Those Shareholders who are registered in the central register of
dematerialised securities kept by KDD - Central Securities Clearing
Corporation, LLC. ("KDD"), as at the end of the seventh day prior to the
General Meeting, i.e. 4 December 2023 ("the cut-off date"), or their legal
representatives or proxies who shall present a written power of attorney, can
attend the General Meeting and vote. If an intermediary who is not a final
shareholder is entered in the central register as a shareholder, shareholders
may exercise their voting right on the basis of the proof from the second
paragraph of Article 235.č of the Companies Act, from which it follows who is
the final shareholder on the cut-off date. The attendance must be communicated
to the Company's Management Board on the written application form that must
arrive to the Company's registered office (addressed to NLB d.d., Oddelek
Sekretariat, Trg republike 2, 1000 Ljubljana) at least by the end of the
fourth day prior to the General Meeting, i.e. 7 December 2023. The application
that KDD received through intermediation chain can also be submitted in the
form of a standardized message via the KDD system within the same deadlines.

The Shareholder, who sends the application in a correct and timely manner,
accepts and agrees with the Electronic General Meeting Application,
Participation and Voting Rules ("Rules"), available at
https://www.nlb.si/general-meetings. The Shareholder who wishes to participate
in the EGM must explicitly state (select) this option in the application for
the General Meeting, also stating his e-mail address, to which information
needed to access the web portal or digital environment for conducting the EGM
will be sent, and phone number to which a text message (sms) can be sent to
the Shareholder or his proxy and video-electronic identification can be
performed in accordance with the Rules in the period between 7 and 8 December
2023 from 9 a.m. to 4 p.m. The legal representatives of Shareholders who will
attend the General Meeting by physical presence at the venue, must, on the day
of the General Meeting, present a public document wherefrom it is evident that
they have the right to act as a Shareholder's representative; the document in
question must not be older than three days; and the legal representatives of
Shareholders who will attend the EGM, must present this public document upon
video identification laid down in the Rules, unless their entitlement to
representation is evident from the Slovenian Business Register (AJPES). The
registration form for participating in the General Meeting ("Registration of
Participation in the General Meeting") is available at
https://www.nlb.si/general-meetings (https://www.nlb.si/general-meetings) .
The Company shall process personal data in accordance with the applicable
rules. Detailed information on this and the rights of an individual is
available at https://www.nlb.si/varstvo-osebnih-podatkov
(https://www.nlb.si/varstvo-osebnih-podatkov) .

 

Supplements to the agenda

The Shareholders whose total interest accounts for at least one-twentieth of
the share capital may, after the publication of the Convocation, make a
written request to add an item to the agenda. Enclosed to the request must be
a written proposed resolution to be decided upon by the General Meeting or an
explanation of the item on the agenda if no resolution is adopted in relation
to such item by the General Meeting. The Shareholders who meet the conditions
for making a request to add an item to the agenda must send the respective
request to the Company within seven days after the publication of the
Convocation of the General Meeting.

 

Shareholders' proposals

The Shareholders may submit written proposals for resolutions to each item on
the agenda, in compliance with Article 300 of the Companies Act ("the
counterproposal"). A counterproposal shall be published and communicated in
the manner laid down in Article 296 of the Companies Act, but only if the
Shareholder sends to the Company a proposal for publication in compliance with
Article 300 of the Companies Act within seven days after the publication of
the Convocation of the General Meeting.

 

Right to be informed

During the General Meeting, the Shareholders can exercise their right to be
informed in compliance with the first paragraph of Article 305 of the
Companies Act.

 

Information on the procedure for exercising the right through a proxy

The Shareholders may exercise their voting right also through a proxy after
they have signed and submitted a written form ("Power of Attorney") which is
available at the website https://www.nlb.si/general-meetings and sent it to
the Company's registered office by the end of the fourth day prior to the
General Meeting, i.e. 7 December 2023. The Power of Attorney may be submitted
to the Company via e-mail by the same deadline as applicable to the written
form, namely by sending an attached scan of the Power of Attorney to the
following e-mail: Skupscina2023@nlb.si; it must contain a handwritten
signature of the natural person and in the case of legal persons a handwritten
signature of the legal representative and stamp of the legal person, if used.
The Company shall reserve the right to verify the identity of the Shareholder
or the person who has authorised another person and sent a Power of Attorney
via email, as well as authenticity of his signature.

 

An intermediary (such as holders of fiduciary accounts in respect of shares
not belonging to them, voting advisers and other persons exercising voting
rights on behalf of a shareholder by proxy as their activity) may exercise or
entrust the exercise of voting rights for shares not belonging to them, only
if authorised to do so in writing by the shareholder. The intermediary must
ensure the verifiability of the authorisation. The intermediary shall submit a
power of attorney to the company if they attend the General Meeting in the
name and on behalf of the shareholder and exercise voting rights.

 

Use of electronic media for sending additional items on the agenda and
counterproposals

Any requests for an additional item on the agenda and proposed resolutions and
voting proposals sent to the Company via e-mail at the address
Skupscina2023@nlb.si must be sent as an attached scan and must contain a
handwritten signature of the natural person and in the case of legal persons a
handwritten signature of the legal representative and stamp of the legal
person, if used. The Company shall reserve the right to verify the identity of
the of the Shareholder or the person who has authorised another person and
sent a request or counterproposal via email, as well as authenticity of his
signature.

 

Electronic General Meeting

The Shareholders may attend the General Meeting by being physically present at
the venue where the General Meeting takes place or by electronic means without
being physically present. The EGM will be carried out by way of real-time
image and sound transmission for the entire General Meeting via a web portal
or digital environment for conducting the EGM. The Shareholders will be able
to exercise their participation, voting and other rights at the EGM in
accordance with the Rules. The Company will strive to provide the Shareholders
who attend the EGM with interpretation of the General Meeting from Slovenian
into English and vice versa, but the Company does not give any guarantee and
does not assume responsibility for the functioning and accessibility of the
translation. The Company will provide the translation to the Shareholders
physically present at the venue where the General Meeting will take place.

In the event of technical issues on the web portal where the EGM takes place,
suspicion of data abuse or loss of PIN number, the Shareholder can call the
following phone numbers: +386 (0)1 300 38 87, +386 (0)41 747 199, +386 (0)41
747 182.

If the Shareholder experiences technical issues in relation to the translation
of the General Meeting, they can call +386 (0)41 707 114.

 

Recording of General Meeting
For the purpose of EGM the General Meeting will be recorded for the purpose of sound and image transmission in real time. The sound and image material of the course of the General Meeting will be used exclusively for transmission in real time and will not be stored. Recording may capture a Shareholder.

 

Share capital and number of voting rights

The share capital of NLB d.d. is EUR 200,000,000.00 divided in 20,000,000.00
no-par value shares from the same class with voting rights.

 

Call to the main Shareholders

In accordance with the Slovenian Corporate Governance Code, the Company calls
on all the main Shareholders, particularly the institutional investors and the
state, to inform the public of their shareholding management policy for the
Company, e.g. the voting policy, type and frequency of conducting management
activities and the communication dynamics with the Management Board of NLB
d.d. and the Supervisory Board of NLB d.d.

 

Other notices

The Company hereby informs the Shareholders that due to the measures adopted
in connection with the COVID-19, it is possible that the General Meeting of
NLB d.d. will not be held on the planned date. The Shareholders will be
informed of potential cancellation of the General Meeting in the same way as
they have been informed of its convocation.

 

The Shareholders are kindly asked to consistently follow all the measures for
minimising the risk of infection with COVID-19 upon their arrival to the
General Meeting in accordance with the applicable regulations and
recommendations of the Public Institute for Public Health (NIJZ).

 

 

Ljubljana, 27 October 2023

Management Board of NLB d.d.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  NOGDGBDGUGDDGXL