Tuesday, May 29th, 2018.
Pursuant to Articles 31 and 41 (1) of the Articles of Association of Hipotekarna bank JSC Podgorica, and in accordance with Art. 36 (6) of the Companies Act (6) (''Official Gazette of Republic of Montenegro'', no.06/02) , („Official Gazette of Republic of Montenegro“ nr. 17/07, 80/08, 40/10, 73/10, 36/11 i 40/11) and the Decision of the Board of Directors to convene the XX regular General Meeting of Shareholders of Hipotekarna bank JSC Podgorica No.02-7018/3-1 from 25.05.2018 the following notification is hereby provided:
Shareholders of Hipotekarna bank JSC Podgorica (''Bank'') are hereby notified that the XX regular General Meeting of Shareholders is scheduled for 29 June 2018, to be held at Bank's premises at Josipa Broza Tita 67, Podgorica, starting at 10:00 a.m.
The Board of Directors hereby proposes the following agenda:
- Opening of the XX regular General Meeting of Shareholders of Hipotekarna bank JSC Podgorica, and the election of working bodies.
- Adoption of the minutes from the XIX regular General Meeting of the Shareholders of Hipotekarna bank JSC, held on 29.06.2017.
- Review of Hipotekarna bank 2017 business report with the external audit report;
- Proposed Decision on the distribution of 2017 profit;
- Proposed Decision on transfer of part of profit from previous years, which was used to cover the missing reserves;
- Proposed Decision on dissolution of Board of Directors of Hipotekarna bank JSC
- Proposed Decision on appointment of Board of Directors of Hipotekarna bank.
The working material together with Decision propositions for XX regular General Shareholder Meeting of Hipotekarna bank will be available to Shareholders every day from 8.00 a.m. to 16.00 p.m., 20 days prior to General Shareholders meeting at the Bank' s headquarters in Podgorica , Josipa Broza Tita 67.
Notice of convening XX regular General Meeting of Shareholders will be announced on Bank's web site www.hb.co.me .
The quorum for the General Meeting of Shareholders is made by the shareholders holding at least a half (15,653 shares) of the total of (31,305 shares ) with voting right who are either attending or represented by their proxy or voting by ballots.
Decision under paragraphs 1,2,3,4,5 and 6 of the proposed agenda shall be adopted by the majortiy votes of the present or represented shareholders or by shareholders who have voted by a ballot. All Bank shares are ordinary and each share entitles to one vote (a total of 31.305 shares).
Regarding the point 7 of the planned agenda and appointment of the Board of Directors members, every share (out of the total of 31,305 shares) with voting right gives the number of votes equal to number of members of Board of directors chosen (1 share x 5 votes = 5 votes). The shareholder or proxy can give all his/her votes to one candidate or give them to different candidates at his/her own discretion.
For the sake of proper organization of the meeting, Shareholders and their proxies who would like to participate at the XX regular General Meeting of Shareholders of the Bank are kindly requested to notify their participation at the Banks premises not later than 2 (two) days before the date of the General Meeting of Shareholders as well as submit the required documents for inspection (personal documents, certified powers of attorney).
For all further info please contact the relevant office at: +382 ( 0 ) 77 700 246.