REG - Nova Ljubljanska - Notice of AGM

Nova Ljubljanska Banka dd LjubljanaAnnouncement

25/04/2025 08:00

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RNS Number : 2086G  Nova Ljubljanska Banka d.d.  25 April 2025

Nova Ljubljanska Banka d.d.

April 25, 2025

 

NLB General Meeting Expected to Confirm a 17% Increase in Dividend Payout

 

Pursuant to the Rules of the Ljubljana Stock Exchange and Article 130 and 158
of the Market in Financial Instruments Act, and Article 296 of the Companies
Act related to the Article 13 of the Articles of Association of NLB d.d., NLB
d.d., Trg republike 2, 1000 Ljubljana, announces:

 

NLB announces the convocation of the 44(th) General Meeting of shareholders of
NLB d.d., which will be held on Monday, 16 June this year, starting at 11 a.m.
At the upcoming General Meeting shareholders will, among other things,
acknowledge the NLB Group Annual Report for 2024, decide on the allocation of
distributable profit from the previous year, and re-elect the existing member
of the NLB Supervisory Board.

 

The General Meeting will be held both live in Ljubljana's Cankarjev dom, with
registration starting at 10:30 a.m., and as a virtual General Meeting without
the shareholders being physically present as they can instead attend the
meeting via the web portal (https://webvoting.ixtlan.si/voting/nlb) .
Registration allowing them to access the digital environment will start at 10
a.m.

 

The GM will decide on the dividend pay-out

 

NLB continues to deliver on its promise of creating substantial value for its
shareholders. In 2025 the bank retains 50% from 2024 profit for year-end
capital ratio, meaning that 50% of 2024 profit or EUR 257 million are
available for distribution in 2025 - an increase of 17% in dividend payout. As
in the previous years, NLB proposes that the distribution be made in two
tranches in 2025, subject to no material M&A activity becoming actionable.

 

At the General Meeting on 16 June, shareholders will, therefore, vote on the
proposal by the NLB Management and Supervisory Boards that dividends in the
amount of EUR 128,600,000.00, which is EUR 6.43 gross per share, be paid out
on 24 June 2025 to the persons who are registered as the shareholders of NLB
d.d. with KDD - Central Securities Clearing Corporation, on the day that is
five working days after the day of the General Meeting that adopted this
resolution (23 June 2025, Cut-Off Date).

 

The second tranche in the same amount is expected to be submitted for approval
at the General Meeting taking place towards the end of this year.

 

A member to the Supervisory Board expected to be re-elected

 

The proposal that Islam Osama Bahgat Zekry, whose mandate expires in 2025, be
re-appointed as member of the Supervisory Board of NLB d.d. for another term
of office, will be another item voted on by shareholders at the upcoming
General Meeting.

 

Zekry, CIB's Group Chief Finance and Operations Officer, and a member of the
Telecom Egypt Board, has been on the NLB Supervisory Board since 2021. He is a
member of the Operations and IT Committee, Nomination Committee and
Remuneration Committee. His insights and contributions in the fields of
understanding of the banking technology of the future are priceless for the
NLB Group, explaines NLB Supervisory Board to the General Meeting.

 

The Supervisory Board also consists of its Chairman Primož Karpe, his deputy
Shrenik Dhirajlal Davda, Cvetka Selšek, André-Marc Prudent-Toccanier, Mark
William Lane Richards, Luka Vesnaver, Natalia Olegovna Ansell, and two
employee representatives, namely Tadeja Žbontar Rems and Sergeja Kočar.

 

Various Policies and Reports to be discussed

 

At the General Meeting, the shareholders will also discuss a variety of
reports and policies, amongst other things the further improved Remuneration
Policy for the Members of the Supervisory Board of NLB d.d. and the Management
Board of NLB d.d., Policy on the provision of diversity of the management body
and senior management in NLB d.d., Policy on the selection of suitable
candidates for members of the Supervisory Board in NLB d.d. and changes to
Determination of payment to members of the Supervisory Board of NLB d.d. and
its committees.

 

The proposed resolutions together with clarifications and other materials and
instructions are available to all interested stakeholders here
(https://www.nlbgroup.com/int-en/investor-relations/general-meetings) .

 

This announcement will be available on the company's website (www.nlbgroup.com
(http://www.nlbgroup.com/) ) as of 25 April 2025.

 

 

Investor Relations

NLB d.d., Ljubljana

 

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