Nucor earnings beat by $0.08, revenue fell short of estimates
LJUBLJANA - Nova Ljubljanska Banka d.d. (NLB) has announced plans for its 44th General Meeting (GM) on June 16, where shareholders are expected to vote on a proposed 17% increase in dividend payout. The Slovenian bank intends to distribute €257 million or €6.43 gross per share from its 2024 profits, with the first tranche payable on June 24 to shareholders registered five working days post-GM.
The GM will also address the re-election of Islam Osama Bahgat Zekry to the Supervisory Board for a new term. Zekry, currently a member of the Operations and IT Committee, Nomination Committee, and Remuneration Committee, has been praised for his valuable insights into banking technology.
Shareholders will further discuss various policies and reports, including an improved Remuneration Policy for the Supervisory and Management Boards, policies on diversity and selection of candidates for the Supervisory Board, and changes to payment determinations for Supervisory Board members.
The meeting, to be held at Cankarjev dom in Ljubljana and accessible virtually, will also cover the NLB Group Annual Report for 2024 and the allocation of distributable profit from the previous year. The second tranche of the dividend is expected to be proposed at a GM later this year, contingent on the absence of significant mergers and acquisitions.
The information, based on a press release statement, reflects NLB’s commitment to delivering shareholder value and outlines the governance topics for the upcoming GM.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.