Results of the General annual ordinary shareholder meeting of B.C. “VICTORIABANK” S.A. of 27 April 2018
On 27 April 2018 B.C. „VICTORIABANK” S.A. held its General annual ordinary shareholder meeting, with the presence of shareholders at the Bank’s headquarters (mun. Chisinau, str. 31 August 1989, nr. 141). The Meeting has been attended by shareholders and their legal representatives owning 87.54% of the total voting shares issued by the Bank.
The Meeting’s agenda included the following issues:
- Regarding the Annual Financial Report for the year 2017;
- Regarding the Board of Directors’ Report for the year 2017;
- Regarding the Audit Commission’s Report for the year 2017;
- Regarding distribution of the Bank’s profit for the year 2017;
- Regarding profit distribution policy for the year 2018;
- Regarding the establishment of the amount of Board of Directors’ remuneration and compensation;
- Regarding early termination of powers of the current Audit Commission;
- Regarding the confirmation of the Audit Company that will carry out the required ordinary audit for the year 2018 and the amount of remuneration for their services;
- Regarding changes and amendments to the Regulation of the General Shareholders’ Meeting of B.C. „VICTORIABANK” S.A.;
- Regarding abrogation of certain internal normative acts of the bank.
The Meeting has approved the annual financial report, the Board of Directors’ report, and the Audit Commission’s report for the year 2017.
The shareholders have also approved the distribution of the profit for the year 2017: 140,000,510 lei as annual dividends, equal to the intermediary dividends paid to shareholders as per decision of Extraordinary shareholder meeting of 22.12.2017, the rest of the profit registered in 2017 in amount of 141,925,706 lei – to chapter „Reported result” with the purpose of consolidating the Bank’s position on the market, increasing equity value and forming of general reserves for banking risks. Also, the profit distribution policy for the year 2018 has been approved.
The Meeting has approved:
- the amount of Board of Directors’ remuneration and compensation,
- the early termination of powers of the Audit Commission,
- the Audit Company Moore Stephens KSC to carry out the required ordinary audit for the year 2018 and the amount of remuneration for their services;
- the changes and amendments to the Regulation of the General Shareholders’ Meeting of B.C. „VICTORIABANK” S.A.
Also, several internal normative acts have been abrogated, the approval of which is within the competence of the Board of Directors.
All decisions pursuant to the Meeting’s agenda have been approved unanimously.
Serviciul de presă al B.C. “VICTORIABANK” S.A.