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Announcement: Extraordinary General Meeting of Shareholders

Announcement: Extraordinary General Meeting of Shareholders



Pursuant to Articles 31 and 41(1) of the Articles of Association of Hipotekarna Bank AD Podgorica, and in accordance with Art. 36(6) of the Companies Act (“Official Gazette of RMNE”, No. 06/02, “Official Gazette of MNE”, Nos. 17/07, 80/08, 40/10, 36/11 and 40/11) and the Resolution by the Board of Directors to convene an extraordinary General Meeting of Shareholders of Hipotekarna Bank AD Podgorica No. 02-8507/2 dated 18 July 2016, the following

 

ANNOUNCEMENT
is hereby made
to convene an extraordinary General Meeting of Hipotekarna Bank AD Podgorica


I


Shareholders of Hipotekarna Bank AD Podgorica (“Bank”) are hereby notified that an extraordinary General Meeting of Bank shareholders is scheduled on 30 August 2016, to be held on Bank premises at Josipa Broza Tita 67, Podgorica, starting at 11:00.

 
II


The Bank Board of Directors hereby proposes the following Agenda:

 

  1. Opening of the extraordinary General Meeting of Shareholders of Hipotekarna Bank AD Podgorica, and the election of working bodies;
  2. Adoption of the Minutes from the previous, XVII, regular General Meeting of Shareholders of Hipotekarna Bank AD Podgorica, held on 28 June 2016;
  3. Proposed Resolution to amend the Articles of Association of Hipotekarna Bank AD Podgorica;
  4. Proposed Resolution to amend the Resolution on the Election of the Board of Directors of Hipotekarna Bank AD Podgorica.

 

III


The material for the extraordinary General Meeting of Shareholders of Hipotekarna Bank AD Podgorica (“Bank”), together with the proposed resolutions, will be available to Bank shareholders for 20 (twenty) days before the General Meeting of Shareholders on the premises of the Bank Headquarters in Podgorica, Josipa Broza Tita 67, every  business day, 08:00 to 16:00.

 

The quorum for the General Meeting of shareholders is made by the shareholders holding at least one half (15,653 shares) of the total of (31,305) shares with voting privilege who are either attending or represented by their proxy or have voted by voting ballots.

 

The resolutions under items 1, 2 and 3 of the proposed agenda shall be adopted by the majority votes of the shareholders present or represented or by shareholders who have voted by a voting ballot. All the Bank shares are ordinary shares and each share entitles one to one vote (a total of 31,305 shares).

 

Under item 4 of the proposed agenda, when members to the Bank Board of Directors are elected, every single share (a total of 31,305 shares) with a voting privilege will carry the number of votes that equals the number of members in the Board of Directors elected (1 share x 5 votes = 5 votes). A shareholder or a proxy may give all the votes to a single candidate or distribute them to several candidates at his/her discretion. The top five candidates having most votes according to the count will be elected as members of the Bank Board of Directors.

 

For the sake of appropriate organization of the meeting, Shareholders and their proxies who want to take part in the extraordinary General Meeting of Shareholders of the Bank are kindly asked to notify their participation on the Bank premises not later than 2 (two) days before the date of the General Meeting of Shareholders as well as submit the necessary documents for inspection (personal documents, certified powers of attorney).

 

For any additional information, please contact the Bank service at +382 ( 0 ) 77 700 052.

 

                                      

PRESIDENT OF THE BOARD OF DIRECTORS
Sigilfredo Montinari, s.r.
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