Resolutions of the annual general meeting of shareholders of Coop Pank AS
April 17 2024 - 7:53AM
Resolutions of the annual general meeting of shareholders of Coop
Pank AS
The annual general meeting of shareholders of
Coop Pank AS (registry code 10237832, address Maakri 30,
Tallinn, 15014; hereinafter also the Company) was held on 17
April 2024 at 13:00 (Estonian time) at Mövenpick Hotel
Tallinn (previous L’Embitu hotel) conference room “Leiger”
(Lembitu str 12, Tallinn, Estonia).
59 725 840 votes were represented at
the meeting, representing 58,42% of Company's share capital, and
thus the General Meeting had a quorum. 89 shareholders were
represented at the meeting.
The notice of calling the general meeting was
published on 20 March 2024 in the stock exchange information system
and on the homepage of the Company and on 21 March 2024 in the
daily newspaper “Postimees“.
The decisions of the General Meeting were as
follows:
- Approval of the consolidated Annual Report 2023 of Coop Pank
AS.
The General Meeting decided to approve
consolidated Annual Report 2023 of Coop Pank AS submitted to the
General Meeting.
The resolution was adopted by 59 725 826
votes, representing 100% of the votes represented at the
meeting.
- Profit allocation of Coop Pank AS 2023 financial
year.
The General Meeting decided to allocate the net
profit of Coop Pank AS in the amount of 39 204 thousand
euros as follows:
- To transfer 1 960 thousand euros to the legal reserve.
- To pay dividends in the net amount of 8,70 eurocents per share.
The list of shareholders entitled to receive dividends will be
established as at 03.05.2024 COB. Consequently, the day of change
of the rights related to the shares (ex-dividend date) is set to
02.05.2024. For shares acquired from this day onwards, the
shareholder is not entitled to receive a dividend for the Company's
2023 financial year. Dividends shall be disbursed to the
shareholders on 07.05.2024.
- To transfer the remaining part of the profit to retained
earnings.
The resolution was adopted by 57 100 361
votes, representing 95,60% of the votes represented at the
meeting.
- Appointment of independent covered pool
monitor
To appoint KPMG Baltics OÜ (registry code
10096082) as the independent covered pool monitor for the covered
bond portfolio of Coop Pank AS.
The resolution was adopted by 59 634 172
votes, representing 99,85% of the votes represented at the
meeting.
The minutes of the General Meeting shall be made
available to the shareholders not later than within 7 (seven) days
from the date of the General Meeting at Company’s website
https://www.cooppank.ee/en/for-investors .
Coop Pank, based on Estonian capital, is one of
the five universal banks operating in Estonia. The number of
clients using Coop Pank for their daily banking reached 187,100.
Coop Pank aims to put the synergy generated by the interaction of
retail busineass and banking to good use and to bring everyday
banking services closer to people’s homes. The strategic
shareholder of the bank is the domestic retail chain Coop Eesti,
comprising of 320 stores.
Additional information:Paavo TruuCFOPhone: +372
5160 231E-mail: paavo.truu@cooppank.ee