TIDMBOCH
RNS Number : 4001M
Bank of Cyprus Holdings PLC
23 May 2022
Announcement
Resolutions of the Shareholders Annual General Meeting (AGM)
Nicosia, 23 May 2022
This announcement replaces the "Resolutions of the Shareholders
Annual General Meeting ( AGM)" announcement released on 20 May 2022
at 12.36 pm (UK time) under RNS No 3010M which contained a
typographical error and should be disregarded.
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 Friday, 20 May 2022. The AGM
was attended by 17 Shareholders & Depository Interest Holders,
either in person or by proxy, who represented 138.151.974 shares,
that is 30,96% of the total issued share capital of the
Company.
Ordinary Business
The AGM considered the Financial Statements for the year ended
31 December 2021 together with the reports of the Directors and the
Auditors and fixed the ordinary remuneration of the Members of the
Board.
The AGM authorised the Board of Directors to fix the
remuneration of PricewaterhouseCoopers as the Company's Statutory
Auditors for the year 2022.
The following Directors were re-elected to the Board of
Directors:
a) Efstratios-Georgios (Takis) Arapoglou
b) Lyn Grobler
c) Arne Berggren
d) Paula Hadjisotiriou
e) Panicos Nicolaou
f) Maria Philippou
g) Nicolaos Sofianos
h) Ioannis Zographakis
i) Constantine Iordanou
j) Eliza Livadiotou
The Board notes that following today's shareholder vote at the
2022 AGM, Mr. Maksim Goldman and Dr. Michael Heger have not been
re-elected to the Board of the Company. The Board also notes that
while Mr Arne Berggren was re-elected receiving 98,825,604 votes
representing 71,67% of total valid votes cast, more than 20% of the
votes cast were against his re-election. In accordance with the UK
Corporate Governance Code, the Board intends to engage with
shareholders and will provide an update on the views received from
shareholders as appropriate.
The AGM received and considered the Annual Remuneration Report
of the Remuneration Committee for the year ended 31 December 2021
and the 2022 Remuneration Policy.
Special Business
The AGM further resolved to :
-- To consider and authorise the Directors to establish and
implement a long-term incentive plan (the "2022 LTIP")
-- To consider and authorise the Directors to allot and issue shares
-- To consider and authorise the Directors to dis-apply the
pre-emption provisions of Section 1022 of the Companies Act
-- To consider and authorise the Directors to dis-apply the
pre-emption provisions of Section 1022 of the Companies Act in
respect of financing a transaction
-- To consider and 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
-- To consider and authorise the Directors to dis-apply the
pre-emption provisions of Section 1022 of the Companies Act in
respect of shares issued pursuant to Resolution 10
-- To consider and authorise the Directors to make market
purchases of the Company's ordinary shares
-- To consider and determine the re-issue price range at which
treasury shares may be re-allotted
-- To consider and allow for the convening of an Extraordinary
General Meeting by at least 14 clear days' notice
-- To consider and approve the amendment of the Company's
Articles of Association by the deletion of the existing Article 102
and the adoption of a new Article 102, permitting the approval of
board resolutions in writing (including by a majority board
decision)
as per the provisions made in the Notice of Annual General
Meeting issued on 15 April 2022.
The above Special Business resolutions are valid until the next
AGM or 19 August 2023, 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.
Appendix: List of resolutions approved by the AGM (numbering as
per Notice of Annual General Meeting issued on 15 April 2022)
Resolution Votes For Votes Against Approved
Number Yes/No
Number of % of total Number % of total Votes Withheld
Shares valid votes of Shares valid votes
cast cast
------------ ------------ ------------- ---------------
1 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
2 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
3 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(a) 120,057,939 87.07 17,822,987 12.93 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(b) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(c) 98,825,604 71.67 39,055,322 28.33 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(d) 20,136,658 14.60 117,744,268 85.40 1,000 No
------------ ------------- ------------ ------------- --------------- ---------------
4(e) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(f) 52,295,080 37.93 85,585,846 62.07 1,000 No
------------ ------------- ------------ ------------- --------------- ---------------
4(g) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(h) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(i) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(j) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4(k) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
4( l ) 137,880,926 100.00 0 0.00 1,000 Yes
------------ ------------- ------------ ------------- --------------- ---------------
advisory,
non - binding
5 136,089,417 98.70 1,791,509 1.30 1,000 resolution
------------ ------------- ------------ ------------- --------------- ---------------
6 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
7 137,779,670 99.93 102,256 0.07 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
8 137,880,926 100.00 1,000 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
9 137,880,926 100.00 1,000 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
10 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
11 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
12 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
13 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
14 136,089,417 98.70 1,792,509 1.30 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
1 5 137,881,926 100.00 0 0.00 0 Yes
------------ ------------- ------------ ------------- --------------- ---------------
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. At 31 March 2022, the
Bank of Cyprus Group operated through a total of 86 branches in
Cyprus, of which 11 operated as cash offices. Bank of Cyprus also
has representative offices in Russia, Ukraine and China. At 31
March 2022, the Group's Total Assets amounted to EUR25.1 bn and
Total Equity was EUR2.1 bn. The Bank of Cyprus Group employed 3,395
staff worldwide. The Bank of Cyprus Group comprises Bank of Cyprus
Holdings Public Limited Company, its subsidiary Bank of Cyprus
Public Company Limited and its subsidiaries.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
RAGUOANRURUVURR
(END) Dow Jones Newswires
May 23, 2022 02:17 ET (06:17 GMT)
Bank Of Cyprus Holdings ... (LSE:BOCH)
Historical Stock Chart
From Apr 2024 to May 2024
Bank Of Cyprus Holdings ... (LSE:BOCH)
Historical Stock Chart
From May 2023 to May 2024