Nova KBM
 

20th Shareholders' Meeting of Nova KBM | NKBM

The 20th Shareholders' Meeting of Nova KBM was held today in Hotel Habakuk. 64.29 per cent of the shareholders with the voting right participated in the Shareholders' Meeting. The shareholders participating in the Meeting were informed about the operations of the Bank and the Nova KBM Group in the previous year. They granted discharge to the Management and the Supervisory Board for the year 2010, and adopted the proposal of the shareholder Gen Energija with respect to the recall of Supervisory Board members. The shareholders adopted the resolution to appropriate the entire 2010 profit available for distribution for the payment of dividends. Further, the decision was reached to appoint Ernst & Young d.o.o., Ljubljana, for the audit of the 2011 financial statements of the Bank and the Nova KBM Group. The Shareholders' Meeting adopted the counter-proposal submitted by the Republic of Slovenia regarding the amendments to the Nova KBM's Articles of Association. The counter-proposal of the Republic of Slovenia on

20th Shareholders' Meeting of Nova KBM

22 July 2011
OBVESTILA
The 20th Shareholders' Meeting of Nova KBM was held today in Hotel Habakuk. 64.29 per cent of the shareholders with the voting right participated in the Shareholders' Meeting. The shareholders participating in the Meeting were informed about the operations of the Bank and the Nova KBM Group in the previous year. They granted discharge to the Management and the Supervisory Board for the year 2010, and adopted the proposal of the shareholder Gen Energija with respect to the recall of Supervisory Board members. The shareholders adopted the resolution to appropriate the entire 2010 profit available for distribution for the payment of dividends. Further, the decision was reached to appoint Ernst & Young d.o.o., Ljubljana, for the audit of the 2011 financial statements of the Bank and the Nova KBM Group. The Shareholders' Meeting adopted the counter-proposal submitted by the Republic of Slovenia regarding the amendments to the Nova KBM's Articles of Association. The counter-proposal of the Republic of Slovenia on
 

First, the representatives of the Bank presented to the shareholders the 2010 Report on internal audit of the Nova KBM Group, together with the opinion of the Supervisory Board, the 2010 Annual Report of the Nova KBM Group and Nova KBM d.d., together with the auditor's report, and the Report of the Supervisory Board on verification of the 2010 Annual Report of the Bank and the Nova KBM Group.


The shareholders granted by majority vote discharge to the Management and the Supervisory Board for the year 2010. The proposal on the appropriation of the Bank's 2010 profit available for distribution, in the amount of €3,391,912.68, or €0.08 gross per share, was adopted by majority vote as well. The proposed amount of dividend accounts for 36.2 per cent of the 2010 net profit, and the dividends will be paid out on 20 September 2011. Also adopted was the proposal of the Supervisory Board to appoint Ernst & Young d.o.o., Ljubljana, for the audit of the 2011 financial statements of the Bank and the Nova KBM Group. Ernst & Young d.o.o. met all the required criteria to be appointed as the auditor. Further, the Shareholders' Meeting adopted the counter-proposal of the Republic of Slovenia regarding the amendments to Nova KBM's Articles of Association.


The shareholders also decided about the amount of basic salaries, attendance fees and other benefits, and reimbursement of costs to members of the Supervisory Board and Supervisory Board committees. The counter-proposal of the Republic of Slovenia was adopted.


The Shareholders' Meeting ended with a decision on the recall of Supervisory Board members. The counter-proposal of the shareholder Gen Energija was adopted, according to  which Danilo Toplek, Chairman of the Supervisory Board, and Supervisory Board members Ivan Vizjak and Alenka Bratušek are to be recalled. The shareholders rejected the proposal to recall Supervisory Board members Andrej Svetina and Anton Guzej. Darjan Petrič, Ivan Simič and Vida Lebar were appointed as new Supervisory Board members.


Following the Shareholders' Meeting, Matjaž Kovačič, the President of the Nova KBM's Management Board, said that the shareholders »reached today important decisions that will be reflected in the future performance of both the Bank and the Group.« He added that Nova KBM »performed well throughout the period of adverse financial and economic conditions, which gives us motivation to continue to perform well.«


At the press conference, Danilo Toplek, the Chairman of the Nova KBM's Supervisory Board, pointed out that the work of the Supervisory Board was appropriately organised and was carried out in accordance with the Rules of procedure governing the work of the Supervisory Board. He thanked all the shareholders for showing the confidence in the Supervisory Board. He ended optimistically by saying that under the management of a professional team the Bank will achieve even better results in the future and will further enhance its visibility both at home and internationally.