Nova KBM
 

Nineteenth shareholders' meeting of Nova KBM will be held on 22 June | NKBM

Nova KBM published today a call of the 19th Shareholders' Meeting. The Shareholders' Meeting will take place on Tuesday, 22 June 2010, at 11:00 a.m. in the Turner Hall of Hotel Habakuk. The call of the Meeting together with proposals for the resolutions and other information concerning the Meeting will be published today in the afternoon on the web portal SEOnet and on the Bank's website.

Nineteenth shareholders' meeting of Nova KBM will be held on 22 June

21 May 2010
OBVESTILA
Nova KBM published today a call of the 19th Shareholders' Meeting. The Shareholders' Meeting will take place on Tuesday, 22 June 2010, at 11:00 a.m. in the Turner Hall of Hotel Habakuk. The call of the Meeting together with proposals for the resolutions and other information concerning the Meeting will be published today in the afternoon on the web portal SEOnet and on the Bank's website.
 

At the Shareholders' Meeting, shareholders will discuss six agenda items. Following the establishment of quorum and appointment of Shareholders' Meeting bodies, shareholders will be informed of the 2009 Report on Internal Audit together with the opinion of the Supervisory Board, the 2009 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 2009 Annual Report of the Nova KBM Group and Nova KBM d.d.


Shareholders will decide on the appropriation of the 2009 balance sheet profit. The Management and the Supervisory Board of the Bank propose to shareholders to adopt a decision not to pay out dividends, but to allocate the entire 2009 balance sheet profit to reserves from profit. Shareholders will also decide on the discharge to be given to the Management and the Supervisory Board of Nova KBM for the financial year 2009, and will be informed on the remuneration paid to members of the management and supervisory bodies in 2009. Further, they will elect a certified auditor for the audit of the 2010 financial statements of the Bank and the Group, adopt a decision concerning amendments to the Bank's Articles of Association, and decide on appointing an alternate member to the Supervisory Board of Nova KBM. Following the resignation notice of Marko Jazbec of November last year, the Supervisory Board will propose dr. Aleš Krisper to be appointed member of the Supervisory Board as a representative of shareholders.


The management of the Bank has proposed to shareholders to adopt a decision not to pay out dividends on the basis of the Bank of Slovenia's recommendation to all banks not to pay out dividends this year, but to use profits for strengthening the capital base of banks. Unpredictability of markets is namely a common feature of the current economic development; therefore, the Bank shall, in the first place, ensure stable and sound operations in the long run. In doing so, the Management Board of Nova KBM has been successful and efficient since, with the revised strategy until 2013, it has decided to favour stability of the Bank and the Group over intensive growth.