Nasdaq OMX Copenhagen
30 March 2016
Company notification no. 10/2016
Annual General Meeting of the BANK of Greenland
The BANK of Greenland today held its Annual General Meeting in accordance with the Articles of Association and the notice convening the meeting.
1. The Chairman of the Board of Directors Gunnar í Liða presented the Board of Directors' report on the Bank's activities during the past year. The report of the Board of Directors was accepted.
2. The Annual Report for 2015, which shows a profit of TDKK 72,726, equity of TDKK 914,282 and a balance sheet of TDKK 5,846,450, was approved as it was submitted. The Annual General Meeting also approved the proposal from the Board of Directors to pay dividend of 55 per cent. No proposal was made to adjust the remuneration of the Board of Directors.
3. The Board of Directors' proposed amendments to the remuneration policy were approved.
4. The proposal from the Board of Directors for the Bank to acquire own shares was approved.
5. Kristian Lennert, Frank Olsvig Bagger and Anders Brøns were re-elected to the Board of Directors. The Board of Directors also includes Gunnar í Liða, Christina F. Bustrup and Lars Holst, and the members elected by the employees: Yvonne Kyed, Allan Damsgaard and Arne G. Petersen.
At the subsequent meeting of the Board of Directors, the Board of Directors elected Gunnar í Liða as Chairman and Kristian Lennert as Vice-Chairman.
6. Deloitte, Statsautoriseret Revisionspartnerselskab was re-elected as auditor for 2016.
7. There were no items for consideration under any other business.
The BANK of Greenland
Gunnar í Liða
Chairman of the Board of Directors
