Development of the Annual General Meeting of the BANK of Greenland
To Nasdaq OMX Copenhagen
20 March 2024
Company announcement no. 05/2024
Development of the Annual General Meeting of the BANK of Greenland
Today, the BANK of Greenland held its Annual General Meeting in accordance with the Articles of Association and the previously published notice convening the meeting.
The Annual General Meeting was attended by shareholders representing 909,917 votes, of which 545,105 votes were given by proxy to the Board of Directors and 105,913 votes were covered by instructions to holders of power of attorney.
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The Board of Directors' Report on the Bank's activities during the past year
The Chairman of the Board of Directors Gunnar í Liða presented the Board of Directors' report on the Bank's activities during the past year. The report of the Board of Directors was noted. The Chairman's report can be viewed on the Bank's website at www.banken.gl. The minutes of the Annual General Meeting will also be published on the Bank's website no later than 14 days after the Annual General Meeting is held.
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Approval of the Annual Report for 2024, notification of discharge of the Board of Directors and Executive Management, approval of the remuneration of the Board of Directors, and allocation of profit or cover of losses in accordance with the approved Annual Report
The Annual Report for 2024, which shows a profit of TDKK 244,574, equity of TDKK 1,479,123 and total assets of TDKK 8,840,981, was approved as it was submitted. The Board of Directors and the Executive Management were discharged from their obligations.
The Board of Directors' proposal for the allocation of profit or cover of losses was approved, including the Board of Directors' recommended dividend of DKK 55 per share.
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Proposal from the Board of Directors for authorisation to acquire own shares
The Board of Directors' proposal, for a period up to 1 March 2029, and within 10% of the share capital, to let the Bank be authorised to acquire own shares, was approved.
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Proposal to an indicative vote of the remuneration report
The general meeting approved the remuneration report for 2023 at the indicative voting.
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Election to the Board of Directors:
Kristian Lennert, Maliina Bitsch Abelsen and Peter Angutinguaq Wistoft were re-elected to the Board of Directors for a two-year period.
The Board of Directors also consists of Gunnar í Liða, Lars Holst and Ellen Dalsgaard Zdravkovic, as well as the employee-elected members Peter Fleischer Rex, Pilunnguaq Kristiansen and Tulliaq Olsen.
At the subsequent meeting of the Board of Directors, the Board of Directors elected Gunnar í Liða as Chairman and Kristian Frederik Lennert as Vice Chairman.
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Election of auditor
Deloitte, Statsautoriseret Revisionspartnerselskab, was re-elected as auditor for one year.
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Any other business
There were no items for consideration under any other business.
BANK of Greenland
Gunnar í Liða
Chairman of the Board of Directors
Attachment
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Bank of Greenland A/S