TIDMBOCH
RNS Number : 0285Z
Bank of Cyprus Holdings PLC
28 August 2018
Announcement
Resolutions of the Shareholders Annual General Meeting (AGM)
Nicosia, 28 August 2018
The Annual General Meeting ("AGM") of the Bank of Cyprus
Holdings Public Limited Company ("the Company" or "the Bank") was
held at the Company's Headquarters on Tuesday, 28 August 2018. The
AGM was attended by 81 Shareholders & Depository Interest
Holders, either in person or by proxy, who represented 127,176,869
shares, that is 28.5% of the total issued share capital of the
Company.
Ordinary Business
The AGM considered the Financial Statements for the year ended
31 December 2017 together with the reports of the Directors and the
Auditors and fixed the ordinary remuneration of the Members of the
Board.
The AGM noted the re-appointment of Ernst & Young as the
Company's Statutory Auditors for the year 2018 as per Section
383(2) of the Companies Act, 2014 and authorised the Board of
Directors to fix their remuneration.
The following Directors were re-elected to the Board of
Directors:
(a) Dr Josef Ackermann
(b) Maksim Goldman
(c) Michael Spanos
(d) Arne Berggren
(e) Lyn Grobler
(f) Dr Michael Heger
(g) John Patrick Hourican
(h) Dr Christodoulos Patsalides
(i) Ioannis Zographakis
(j) Anat Bar-Gera
The following Directors were elected to the Board of
Directors:
(k) Maria Philippou
(l) Paula Hadjisotiriou
Special Business
The AGM further resolved to:
-- Authorise the Directors to issue shares;
-- Authorise the Directors to dis-apply the pre-emption
provisions of Section 1022 of the Companies Act 2014;
-- Authorise the Directors to dis-apply the pre-emption
provisions of Section 1022 of the Companies Act 2014 in respect of
financing a transaction;
-- Authorise the Directors to issue, allot, grant options over
or otherwise dispose of ordinary shares on the conversion or
exchange of Additional Tier 1 Contingent Equity Conversion
Notes;
-- Authorise the Directors to dis-apply the pre-emption
provisions of Section 1022 of the Companies Act 2014 in respect of
shares issued pursuant to Resolution 8;
-- Authorise the Directors to repurchase shares of the Company;
-- Determine the re-issue price range for treasury shares;
-- Allow for the convening of an Extraordinary General Meeting
by at least 14 clear days' notice;
-- Amend Article 1(a) of the Company's Articles of Association
by the insertion of the words "and 117 (9)" after the words
"Sections 83 and 84"; and
-- Approve the capital reduction
as per the provisions made in the Notice of Annual General
Meeting issued on 26 July 2018.
The above Special Business resolutions are valid until the next
AGM or 30 September 2019, whichever is the earlier.
In accordance with Listing Rule 14.3.6, copies of the
resolutions that do not constitute ordinary business at an annual
general meeting will be submitted to the National Storage Mechanism
and will be available after 6:00 pm (Cyprus Time).
A table setting out the voting results for each of the
resolutions is included in the Appendix attached. It is noted that
a vote withheld is not a vote in law and is not counted in the
calculation of the proportion of the votes for and against the
resolution.
Resolution Voting For Voting Against Votes Approved
number Withheld Yes/No
Number % of total Number % of total
of shares valid of shares valid
votes casted votes casted
------------ ----------- --------------
1 127,149,027 100.00 0 0.00 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
2 127,149,027 100.00 0 0.00 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
3 127,149,027 100.00 0 0.00 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(a) 127,052,077 99.98 26,872 0.02 96,950 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(b) 98,328,364 78.45 27,006,517 21.55 1,841,014 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(c) 127,147,493 99.98 28,372 0.02 9 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(d) 127,052,052 99.98 26,872 0.02 96,975 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(e) 127,052,048 99.98 26,872 0.02 96,975 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(f) 127,052,048 99.98 26,872 0.02 96,975 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(g) 127,052,073 99.98 26,872 0.02 96,950 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(h) 127,052,073 99.98 26,872 0.02 96,950 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(i) 127,051,962 99.98 26,872 0.02 96,950 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(j) 127,052,039 99.98 26,872 0.02 96,984 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(k) 127,052,073 99.98 26,872 0.02 96,950 Yes
------------ -------------- ----------- -------------- ---------- ---------
4(l) 127,078,945 100.00 0 0.00 96,950 Yes
------------ -------------- ----------- -------------- ---------- ---------
5 122,169,137 96.06 5,006,758 3.94 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
6 122,162,736 96.06 5,006,733 3.94 6,426 Yes
------------ -------------- ----------- -------------- ---------- ---------
7 122,162,736 96.08 4,986,287 3.92 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
8 127,142,572 100.00 25 0.00 6,426 Yes
------------ -------------- ----------- -------------- ---------- ---------
9 127,130,131 100.00 25 0.00 18,867 Yes
------------ -------------- ----------- -------------- ---------- ---------
10 127,146,753 99.98 28,248 0.02 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
11 127,142,572 100.00 0 0.00 6,451 Yes
------------ -------------- ----------- -------------- ---------- ---------
12 123,046,189 96.78 4,096,297 3.22 6,426 Yes
------------ -------------- ----------- -------------- ---------- ---------
13 127,148,208 100.00 0 0.00 790 Yes
------------ -------------- ----------- -------------- ---------- ---------
14 127,149,023 100.00 0 0.00 0 Yes
------------ -------------- ----------- -------------- ---------- ---------
Appendix: List of resolutions approved by the Annual General
Meeting (numbering as per Notice of Annual General Meeting issued
on 26 July 2018)
Group Profile
The Bank of Cyprus Group is the leading banking and financial
services group in Cyprus, providing a wide range of financial
products and services which include retail and commercial banking,
finance, factoring, investment banking, brokerage, fund management,
private banking, life and general insurance. The Bank of Cyprus
Group operates through a total of 122 branches, of which 120
operate in Cyprus, 1 in Romania and 1 in the United Kingdom. Bank
of Cyprus also has
representative offices in Russia, Ukraine and China. The Bank of
Cyprus Group employs 4,402 staff worldwide. At 30 June
2018, the Group's Total Assets amounted to EUR23.7 bn and Total
Equity was EUR2.2 bn. The Bank of Cyprus Group comprises
Bank of Cyprus Holdings Public Limited Company, its subsidiary
Bank of Cyprus Public Company Limited and its
subsidiaries.
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END
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