The Annual General Meeting of
Below are the results of the meeting:
1. The report of the Board of Directors on the Bank’s operations during the last financial year was presented by
2. The Bank’s annual financial statements and consolidated accounts were approved.
3. Dividend payment was approved.
It was approved that a dividend of ISK 9.0 per share will be paid to the Bank’s shareholders. The dividend will be equal to approximately ISK 13 billion. The Bank’s shares traded on and after
4. Election of the Bank’s Board of Directors, Chairman of the Board and Vice-Chairman
The Board of Directors is represented by the following Board members, who were elected at the meeting. The elections were in line with the recommendations of the Nomination Committee and the Board of Directors is now represented by the following 5 directors:
Paul Horner (Chairman)- Kristín Pétursdóttir (Vice Chairman)
Liv Fiksdahl - Gunnar Sturluson
- Steinunn Kristín Þórðardóttir
The following individuals were chosen without election as Alternate Board Members:
- Sigurbjörg Ásta Jónsdóttir
Einar Hugi Bjarnason
5. It was approved that Deloitte ehf. will continue to act as the Bank’s external auditors.
Deloitte ehf. was elected to continue to act as the Bank’s external auditors until the next AGM. This proposal is based on an agreement between
6. The Board’s proposal on remuneration to the Board of Directors and compensation to members of the Board’s sub-committees was approved.
The Board’s proposal on remuneration to the Board of Directors and compensation to members of the Board’s sub-committees was approved as presented to the meeting.
7. Decision on remuneration to members of the Bank’s Nomination Committee was approved.
It was approved that remuneration to members of the Bank’s Nomination Committee be a fixed hourly rate of ISK 27,500.
8. Election of two members of the Bank’s Nomination Committee.
Prior to the meeting, candidacies to the Bank’s Nomination Committee were received from Auður Bjarnadóttir and Júlíus Þorfinnsson, who were chosen without election to serve in the Nomination Committee.
9. Election of one member of the Bank’s Audit Committee
Heimir Þorsteinsson was elected to the Bank’s Audit Committee.
10. Proposal from the Board of Directors to amend the Bank’s Remuneration Policy was approved.
The Bank’s Remuneration Policy, as presented to the meeting, was approved.
11. Proposal to renew the authorisation to purchase own shares and a corresponding amendment to the Articles of Association was approved.
The Annual General Meeting of
This authorisation shall remain in effect until the Company’s Annual General Meeting in 2025 or
12. Proposals to amend the Bank’s Articles of Association were approved.
The Annual General Meeting approved amendments to the Bank’s Articles of Association in accordance with recent amendments to Act No. 3/2006 on Annual Accounts and a request by the Resolution Authority that the Bank's Articles of Association are to refer to Act No. 70/2020 on the Resolution of Credit Institutions and Investment Firms.
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