Bank of Åland Plc: Decisions at the 2024 Annual General Meeting
Bank of Åland Plc
Stock exchange release, decisions of general meeting
March 26, 2024, 17.15 EET
Decisions at the 2024 Annual General Meeting, Bank of
Åland Plc (Ålandsbanken Abp)
Adoption of financial statements and granting of
discharge from liability of those accountable
Today’s Annual General Meeting (AGM) of the Bank of Åland Plc
approved the adoption of the financial statements and the
consolidated financial statements for 2023 and granted discharge
from liability to those accountable for the financial year
2023.
Dividend distribution and announcement of the record
date for dividend payment
In accordance with the proposal of the Board of Directors, the
AGM approved the distribution of a dividend of EUR 2.40 per share
plus an extra dividend of EUR 0.25 per share for the accounting
period January 1, 2023 – December 31, 2023. The record date for
payment of the dividend is Thursday, March 28, 2024. The dividend
payment date will be Monday, April 8, 2024.
Compensation report
The AGM dealt with the Bank’s compensation report and adopted
it.
Presentation and adoption of the compensation
policy
The AGM dealt with the Bank’s compensation policy and adopted
it.
Election of the Board of Directors and fees for Board
members
The number of Board members was set at seven.
The AGM unanimously re-elected Board members Anders Å Karlsson,
Nils Lampi, Mirel Leino-Haltia, Christoffer Taxell, Ulrika Valassi
and Anders Wiklöf. In addition, the AGM unanimously elected Malin
Lombardi as a new Board member.
The term of office of Board members covers the period until the
end of the next AGM.
At the statutory meeting of the Board the same day, Nils Lampi
was elected as Chairman and Christoffer Taxell as Deputy Chairman
of the Board.
The Chairman will be paid an annual fee of EUR 37,000 and the
Deputy Chairman will be paid an annual fee of EUR 31,500.
Other Board members will each receive an annual fee of EUR
29,000.
In addition, a fee will be paid for each Board and committee
meeting attended.
For Board meetings, the Chairman will be paid a fee of EUR 1,000
per meeting and each other member EUR 750 per meeting. For
committee meetings, each Board member belonging to the committee
will be paid a fee of EUR 750 per meeting and each Board member who
is a committee chairman will be paid a fee of EUR 1,000 per
meeting. In addition, compensation for travel and accommodation
expenses as well as daily subsistence allowances are paid in
compliance with the instructions of tax authorities and the Bank’s
travel guidelines.
Election of auditors and fees for auditors
The AGM decided to appoint the authorised accounting firm of
KPMG Oy Ab, with Henry Maarala (KHT) as auditor in charge. The term
of office of the auditors covers the period until the end of the
next AGM.
The AGM approved the payment of the auditors’ fees as
invoiced.
Authorisation of the Company’s Board of Directors to
decide on issuance of shares, option rights and other special
rights entitling their holders to shares
In accordance with the proposal of the Board of Directors, the
AGM authorised the Board to decide on issuance of shares, option
rights and other special rights entitling their holders to shares
as follows:
To make decisions on the issuance of shares, option rights and
other special rights entitling their holders to shares, as provided
by the Finnish Companies Act, Chapter 10, Section 1, which would
replace the earlier authorisation by the AGM on April 3, 2019 for
3,000,000 Series B shares.
This authorisation covers one or more issues against payment or
without payment and may also cover divestment of the Company’s own
shares.
The authorisation concerns Series B shares. The total number of
shares that may be issued with the support of the authorisation
(including shares issued on the basis of special rights) shall not
exceed 3,000,000 shares.
The Board shall decide on the terms and conditions for the
issuance of shares, option rights and other special rights. These
issuances may diverge from the pre-emptive right of shareholders to
shares in the Company (targeted share issue). In such cases, the
authorisation may be utilised for acquisitions of companies or to
finance and implement arrangements that are part of the Company’s
business operations or as one element in the realisation of
incentive programmes at the Company.
The authorisation will be in force for five years, up to and
including March 26, 2029.
The Board of Directors
Grafico Azioni Alandsbanken Abp (LSE:0O2N)
Storico
Da Ott 2024 a Nov 2024
Grafico Azioni Alandsbanken Abp (LSE:0O2N)
Storico
Da Nov 2023 a Nov 2024
