LIECHTENSTEINISCHE LANDESBANK AG Liechtensteinische
Landesbank AG
9490 Vaduz
Reference GIA / HEP
Direct line +423 236 86 38
Schaan, 19 April 2024
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Resolutions
of the 32nd General Meeting of Shareholders of Liechten- steinische Landesbank AG
held on 19 April 2024 at Tennishalle Schaan
Date | 19 April 2024 |
Negotiations and resolutions
1. Quorum
In accordance with Article 19 para. 1 of the Articles of Association of Liechten- steinische Landesbank AG, the General Meeting of Shareholders has a quorum if at least half of the share capital is represented.
Upon commencement of voting, 22'602'764 shares, or 73.39 % of the share capital, were represented. Accordingly, a quorum is present.
2. Report on the financial year and the financial statements for 2023, as well as the auditor's report
The General Meeting of Shareholders is presented with further information on the financial year and the financial statements for 2023, as well as the auditor's report.
3. Approval of the 2023 Annual Report and Consolidated Annual Report
In its report to the General Meeting of Shareholders, the auditor, KPMG (Liechten- stein) AG, Vaduz, recommends that the 2023 management reports and annual financial statements of Liechtensteinische Landesbank AG, Vaduz, and of the LLB Group be approved.
The Board of Directors proposes that the 2023 management reports and annual financial statements of Liechtensteinische Landesbank AG, Vaduz, and of the LLB Group be approved.
The 2023 Annual Report of Liechtensteinische Landesbank AG and the Consolidated Annual Report of the LLB Group are approved, with 22'398'941 votes (99.10 %) in fa- vour, 12'490 opposed and 190'487 abstentions.
4. Appropriation of net profit for 2023
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Resolutions
of the 32nd General Meeting of Shareholders of Liechtensteinische Landesbank AG
held on 19 April 2024 at Tennishalle Schaan
The Board of Directors proposes that the available net profit of CHF 102'706'545.05 as at 31 December 2023, be appropriated as follows:
Dividend: CHF 2.70 for each registered share with a nominal value of CHF 5.- (num-
ber of dividend-bearing shares as at 31 December 2023: 30'591'945)
CHF 82'598'251.50* | |
Allocation to other reserves | CHF 10'000'000.- |
Balance to be carried forward | CHF10'108'293.55* |
The proposal of the Board of Directors with regard to the appropriation of the available net profit as at 31 December 2023 is approved, with 22'561'982 votes (99.83 %) in favour, 16'281 opposed and 21'579 abstentions.
A dividend of CHF 2.70 net per registered share will be paid by the value date of Thursday, 25 April 2024.
- The dividend payable will be determined by the number of dividend-bearing shares when the market closes on 24 April 2024 and will be adjusted accordingly. As a result, the balance to be carried forward is subject to change.
5. Formal approval of the actions of the Board of Directors, the Board of Management and the auditors
The Board of Directors proposes that the actions of the members of the Board of Directors and the Board of Management and the auditors be formally approved for the 2023 financial year.
The actions of the members of the Board of Directors and the Board of Management and the auditors are formally approved for the 2023 financial year, with 22'391'977 votes (99.44 %) in favour, 22'966 opposed and 104'438 abstentions.
6. Election of Georg Wohlwend
The Board of Directors proposes that Georg Wohlwend, Vaduz, be elected as Chairman of the Board of Directors for a three-year term of office.
The election of Georg Wohlwend, Vaduz, as Chairman of the Board of Directors for a three-year term of office is approved, with 22'524'972 votes (99.66 %) in favour, 44'188 opposed and 31'274 abstentions.
6. Election of Dr Richard Senti
The Board of Directors proposes that Dr Richard Senti, Oberschan, be elected as a member of the Board of Directors for a three-year term of office.
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Resolutions
of the 32nd General Meeting of Shareholders of Liechtensteinische Landesbank AG
held on 19 April 2024 at Tennishalle Schaan
Negotiations and resolutions
The election of Dr Richard Senti, Oberschan, as a member of the Board of Directors for a three-year term of office is approved, with 22'333'960 votes (98.83 %) in favour, 32'701 opposed and 233'613 abstentions.
6. Election of Thomas Russenberger
The Board of Directors proposes that Thomas Russenberger, Schaan, be elected as a member of the Board of Directors for a three-year term of office.
The election of Thomas Russenberger, Schaan, as a member of the Board of Directors for a three-year term of office is approved, with 22'011'865 votes (97.41 %) in favour, 334'810 opposed and 250'627 abstentions.
7. Appointment of the auditors in accordance with the Liechtenstein Persons and Com- panies Act and Banking Act
The Board of Directors proposes that KPMG (Liechtenstein) AG, Vaduz, be elected as the auditors for a one-year term of office in accordance with the Liechtenstein Persons and Companies Act and Banking Act.
KPMG (Liechtenstein) AG, Vaduz, is elected as the auditors for a one-year term of office in accordance with the Liechtenstein Persons and Companies Act and Banking Act, with 22'249'589 votes (98.47 %) in favour, 244'218 opposed and 102'706 ab- stentions.
8. Acquisition of treasury shares
Based on Art. 306a of the Persons and Companies Act, the Board of Directors proposes that the General Meeting of Shareholders authorise the acquisition of treasury shares up to at most 10 per cent of the share capital before 18 April 2029, corresponding to a nominal value of CHF 15.4 million / 3'080'000 shares at CHF 5.-. The purchase price amounts to a minimum of 90 % and a maximum of 110 % of the market price.
Authorisation to acquire treasury shares up to at most 10 per cent of the share capital is granted, with 22'414'838 votes (99.35 %) in favour, 80'434 opposed and 66'269 abstentions.
Vaduz, 19 April 2024
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Resolutions
of the 32nd General Meeting of Shareholders of Liechtensteinische Landesbank AG
held on 19 April 2024 at Tennishalle Schaan
Negotiations and resolutions
Recorder of the Minutes | Chairman of the Board of Directors and |
the General Meeting of Shareholders |
Patrick Helg | Georg Wohlwend |
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Disclaimer
LLB - Liechtensteinische Landesbank AG published this content on 29 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 April 2024 10:10:10 UTC.
