Investor RelationsCorporate DisclosurePress Release on the Minutes of the General Shareholders' Meeting

Press Release on the Minutes of the General Shareholders' Meeting

April 23, 2021 | Unofficial Translation

1	Date of Meeting	2021-04-22 14:00
2	Agenda	Approval of minutes of previous meetings Approval of Board fees Approval of the distribution of dividend Approval of Dividend Policy Approval of Remuneration and Nomination Policy Approval of annual increase in Chairman’s salary retro-effective from 01 January 2021 Approval of reappointment of Directors mandate for the next 3 years terms Annual audited financial statements of ACLEDA Bank Plc. for the year ended 31 December 2020 Report of Chairman for 2020 Report of Group Managing Director for 2020
3	Results in Points	The meeting reviewed and approved as follows: 1.1. Approval of the minutes of Annual General Meeting (AGM) on 07 April 2020. 1.2. Approval of the minutes of the Special Shareholders Meeting by email on 22 May 2020. 1.3. Approval of the minutes of the Extra-ordinary General Meeting (EGM) on 23 November 2020. 2.1. Approval of the guidelines for increase in Board of Directors fees. 2.2. Approval of the increase in Board of Directors fees in line with 2020 inflation rate of 2.9%. 3.1. Approval of the distribution of cash dividend at 30% of 2020 NPAT (USD141,662,037) equal to USD42,493,292.17 at the rate of USD0.0981 per share and keeping the remaining balance to the retained earnings with subject to regulator's approval. 3.2. Approval of a record date on 03 May 2021 for determination of shareholders entitled to receive dividend. 4. Approval of the revised Dividend Policy. 5. Approval of the revised Remuneration and Nomination Policy. 6. Approval of the increase in salary of Mr. Chairman with grading A+ retro-effective from 01 January 2021. 7.1. Approval of the reappointment of Mr. Stéphane MANGIAVACCA from COFIBRED as a director in ACLEDA Bank Plc. for the next 3 years term. 7.2. Approval of the reappointment of Mr. Albertus BRUGGINK from ORIX as a director in ACLEDA Bank Plc. for the next 3 years term. 7.3. Approval of the reappointment of Drs. Pieter KOOI as an Independent Director of ACLEDA Bank Plc. for the next 3 years term. 7.4. Approval of non-reappointment of Mr. Ian S. Lydall as an Independent Director of ACLEDA Bank Plc. and recruitment of another Independent Director to replace Mr. Ian S. Lydall.
4	Other	N/A

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The results of the 21st Annual General Meeting of ACLEDA Bank Plc.