Less Ads, More Data, More Tools Register for FREE
Sponsored Content
Sponsored Content

Pin to quick picksBOCH.L Regulatory News (BOCH)

  • There is currently no data for BOCH

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Resolutions of AGM

20 May 2022 12:36

RNS Number : 3010M
Bank of Cyprus Holdings PLC
20 May 2022
 

Announcement

 

Resolutions of the Shareholders Annual General Meeting (AGM)

 

Nicosia, 20 May 2022

 

 

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 Number

Votes For

Votes Against

 

Approved Yes/No

 Number of Shares

% of total valid votes cast

Number of Shares

% of total valid votes cast

Votes Withheld

1

137,881,926

100.00

0

0.00

137,881,926

Yes

2

137,881,926

100.00

0

0.00

137,881,926

Yes

3

137,881,926

100.00

0

0.00

137,881,926

Yes

4(a)

120,057,939

87.07

17,822,987

12.93

137,880,926

Yes

4(b)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(c)

98,825,604

71.67

39,055,322

28.33

137,880,926

Yes

4(d)

20,136,658

14.60

117,744,268

85.40

137,880,926

No

4(e)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(f)

52,295,080

37.93

85,585,846

62.07

137,880,926

No

4(g)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(h)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(i)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(j)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(k)

137,880,926

100.00

0

0.00

137,880,926

Yes

4(l)

137,880,926

100.00

0

0.00

137,880,926

Yes

5

136,089,417

98.70

1,791,509

1.30

137,880,926

advisory, non-binding resolution

6

137,881,926

100.00

0

0.00

137,881,926

Yes

7

137,779,670

99.93

102,256

0.07

137,881,926

Yes

8

137,880,926

100.00

1,000

0.00

137,881,926

Yes

9

137,880,926

100.00

1,000

0.00

137,881,926

Yes

10

137,881,926

100.00

0

0.00

137,881,926

Yes

11

137,881,926

100.00

0

0.00

137,881,926

Yes

12

137,881,926

100.00

0

0.00

137,881,926

Yes

13

137,881,926

100.00

0

0.00

137,881,926

Yes

14

136,089,417

98.70

1,792,509

1.30

137,881,926

Yes

15

137,881,926

100.00

0

0.00

137,881,926

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 €25.1 bn and Total Equity was €2.1 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
 
 
RAGPPUCWAUPPGGU
Date   Source Headline
18th Sep 20247:10 amRNSBOCH - Transactions in Own Shares
17th Sep 202411:50 amRNSApproval of listing on the Athens Stock Exchange
17th Sep 20247:25 amRNSBOCH - Transactions in Own Shares
16th Sep 20247:29 amRNSBOCH Transactions in Own Shares
13th Sep 202411:47 amRNSResolutions of the Shareholders EGM
13th Sep 20247:16 amRNSBOCH - Transactions in Own Shares
12th Sep 20247:21 amRNSBOCH - Transactions in Own Shares
11th Sep 20247:17 amRNSBOCH - Transactions in Own Shares
10th Sep 20247:12 amRNSBOCH - Transactions in Own Shares
9th Sep 202410:01 amRNSTR1 Notification of Holding - Eaton Vance
9th Sep 20247:27 amRNSBOCH - Transactions in Own Shares
6th Sep 20248:17 amRNSTR1 Notification Form - Helikon
6th Sep 20247:20 amRNSBOCH - Transactions in Own Shares
5th Sep 20247:00 amRNSBOCH - Transactions in Own Shares
4th Sep 20247:16 amRNSBOCH - Transactions in Own Shares
3rd Sep 20247:14 amRNSBOCH - Transactions in Own Shares
2nd Sep 20247:27 amRNSTotal Voting Rights
2nd Sep 20247:23 amRNSBOCH - Transactions in Own Shares
30th Aug 20247:03 amRNSBOCH - Transactions in Own Shares
29th Aug 20247:22 amRNSBOCH - Transactions in Own Shares
28th Aug 20247:17 amRNSBOCH - Transactions in Own Shares
27th Aug 20247:23 amRNSBOCH - Transactions in Own Shares
23rd Aug 20247:13 amRNSBOCH - Transactions in Own Shares
22nd Aug 20247:00 amRNSBOCH - Transactions in Own Shares
21st Aug 20247:00 amRNSBOCH - Transactions in Own Shares
20th Aug 20247:06 amRNSBOCH - Transactions in Own Shares
19th Aug 20247:38 amRNSExtraordinary General Meeting Circular
19th Aug 20247:00 amRNSNotice of EGM
19th Aug 20247:00 amRNSBOCH- Transaction in Own Shares
16th Aug 20247:12 amRNSBOCH - Transaction in Own Shares
14th Aug 20247:00 amRNSBOCH-Transaction in Own Shares
13th Aug 20247:00 amRNSBOCH - Transactions in Own Shares
12th Aug 20247:02 amRNSBOCH-Transaction in Own Shares
9th Aug 20247:00 amRNSBOCH-Transaction in Own Shares
8th Aug 20247:08 amRNSTR1 Notification - Senvest
8th Aug 20247:05 amRNSBOCH - Transactions in Own Shares
8th Aug 20247:03 amRNSInterim Financial Report 2024
8th Aug 20247:01 amRNSDoc re. 1H2024 Investor Presentation
8th Aug 20247:00 amRNS1H2024 Group Financial Results
7th Aug 20247:14 amRNSBOCH - Transactions in Own Shares
6th Aug 20247:07 amRNSBOCH - Transactions in Own Shares
5th Aug 20247:18 amRNSBOCH - Transactions in Own Shares
2nd Aug 20247:10 amRNSBOCH - Transactions in Own Shares
1st Aug 20248:05 amRNSTotal Voting Rights & Share Buyback Progress
1st Aug 20247:22 amRNSBOCH - Transactions in Own Shares
31st Jul 20247:14 amRNSBOCH - Transactions in Own Shares
30th Jul 20247:18 amRNSBOCH - Transactions in Own Shares
29th Jul 20247:14 amRNSBOCH - Transactions in Own Shares
26th Jul 20247:08 amRNSBOCH - Transactions in Own Shares
25th Jul 20249:20 amRNSBOCH Date of announcement of 1H2024 FR

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.

Track Your Investments

Register for FREE

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.