The NLB Shareholders gathered today at the 37th General Meeting, attended by 71,4% of shares with voting rights. The Shareholders confirmed the payment of additional dividends at EUR 3.37 per share on 24th December this year, making a total dividend pay-out in 2021 EUR 92.2 million.
The NLB General Meeting decided on additional allocation of distributable profit for 2020, as the Bank of Slovenia’s decision restricting the payment of dividends expired at the end of September. They confirmed the proposal made by the NLB Management and Supervisory Board, which is that EUR 67.4 million of distributable profit or EUR 3.37 per share be paid to the NLB Shareholders on 24 December 2021.
NLB will therefore pay out a total of EUR 92.2 million as dividends to the Shareholders this year (EUR 12 million on 22 June, EUR 12.8 million on 18 October and EUR 67.4 million on 24 December), thereby reaffirming NLB Group's stable and successful business operations and strong capital position.
Combining these dividend pay-outs, privatisation proceeds and the residual value of the Republic of Slovenia, NLB has fully repaid the amount it received for the 2013 recapitalization. “From now on, we are creating new value for all our shareholders, emphasized NLB’s CEO Blaž Brodnjak during today's General Meeting and added that NLB has good dividend payment capacity also for the future. The Bank's ambition remains a total dividend payment to the Shareholders over EUR 300 million in the 2021-2023 period, while at the same time maintaining the bank’s potential for future growth and expansion of operations.
At this General Meeting, the NLB Shareholders also voted on the Remuneration Policy for the Members of the Supervisory Board of NLB d.d. and the Members of the Management Board of NLB d.d. as required by the latest law amendments (the Companies Act) applicable to all the companies whose securities are traded on an organised market. The Policy was approved by the shareholders and in the future, NLB d.d. will put it forward to vote at the General Meeting upon any material amendment or at least every four years.
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