REG - Nova Ljubljanska - Results of the NLB General Meeting

Nova Ljubljanska Banka dd LjubljanaAnnouncement

11/12/2023 13:00

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RNS Number : 3697W  Nova Ljubljanska Banka d.d.  11 December 2023

Nova Ljubljanska Banka d.d.

 

Payment of Additional Dividends Confirmed at the NLB General Meeting

 

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:

 

This year's second General Meeting of NLB d.d. confirmed the confidence of the
shareholders, who voted that the second tranche of dividends will be paid on
December 19.

 

At today's 41(st) General Meeting 59,31% of shares with voting rights were
present). Shareholders confirmed the payment of additional dividends at EUR
2.75 gross per share or EUR 55 million, making a total dividend pay-out in
2023 EUR 110 million. EUR 55 million were namely already paid out to
shareholders on June 27.

 

Both pay-outs in the total amount of EUR 110 million from the profit generated
in 2022 are 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 between 2022 and by the
end of 2025.

 

At the General Meeting, the shareholders got acquainted with the revised
Remuneration Policy, which was not confirmed in the consultative vote, but
nevertheless comes into force. Until the next General Meeting NLB will further
improve its Remuneration Policy and present it to the shareholders.

 

The outcome of the vote is available to all interested stakeholders on the
NLB's website (https://www.nlb.si/general-meetings-in-year-2023) .

 

Results of the votes cast at the 41st General Meeting of NLB d.d.
(http://www.nlb.si/nlb/nlb-portal/eng/investor-relations/general-meetings/2023/izid-glasovanja-11122023-ang.pdf)

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