SAB1L Siauliu Bankas

Resolutions of the Ordinary General Meeting of Shareholders

Resolutions of the Ordinary General Meeting of Shareholders

Actions taken and resolutions made according to agenda issues of the Ordinary General Meeting of Shareholders on 29 March 2024:

  1. Presentation of the consolidated annual report of Šiaulių bankas AB for 2023

The consolidated Annual Report was introduced (enclosed).

  1. Presentation of the conclusion of the independent auditor of Šiaulių bankas AB

The conclusion of the independent auditor was introduced (enclosed).

  1. Comments and proposals of the Supervisory Council

The comments and proposals of the Bank’s Supervisory Council were announced.

  1. Approval of the set of audited financial statements of Šiaulių bankas AB for 2023

The set of financial statements for 2023 has been approved (enclosed).

  1. Allocation of Bank’s profit

The allocation of Bank’s profit has been approved (enclosed).

According to approved profit allocation EUR 0.0485 dividends per one ordinary registered EUR 0.29 nominal value share will be paid. Record date is 15 April 2024.

  1. Determination of the procedure for the acquisition of Šiaulių bankas AB own shares

Resolved to acquire Bank own shares under the following conditions:

  1. the purpose of acquisition of own shares is to reduce the authorized capital of the Bank by cancelling the shares purchased by the Bank;
  2. maximal acquisition price per share - 20% higher than the market price of the Bank's shares on the Nasdaq Vilnius Stock Exchange, when the Management Board makes a decision on the purchase of its own shares or if the purchase of its own shares by the decision of the Bank’s Management Board is carried out in accordance with Regulation (EU) of the European Parliament and Council No. 596/2014 on market abuse pursuant to the provisions of Article 5(1), a price that does not exceed the higher of the following prices: the last independent trading price and the highest current independent offer price at the trading venue where the shares are purchased, as provided for in Article 3 2 of Commission Delegated Regulation 2016/1052 in parts.
  3. the time limit for the Bank to acquire its own shares - 18 months from the date of adoption of this decision;
  4. maximal number of shares to be acquired - the total nominal value of the Bank's own shares may not exceed 1/20 of the Bank's authorized capital;
  5. the procedure for sale of own shares and the minimum selling price – the purchased shares are not planned to be sold and therefore the minimum selling price and the selling procedure for the shares are not determined;
  6. to delegate the Management Board of the Bank, in accordance with the provisions of this resolution and the requirements of the Law on Companies of the Republic of Lithuania, the requirements of the Law on Banks of the Republic of Lithuania and other legal acts, as well as, when required with the permission of the supervisory authorities, to make specific decisions regarding the purchase of the Bank’s own shares, to organize buyback of own shares, determine the method and procedure for buying back shares (including the right to buy back shares in accordance with the provisions of Article 5, paragraph 1 of the European Parliament and Council Regulation (EU) No. 596/2014 on market abuse), the time, number and price of shares, as well as perform other actions related to the purchase and sale of own shares.

To establish that after adopting this resolution the resolution of the General Meeting of Shareholders of 31 March 2023 regarding acquisition of the Bank's own shares shall expire.

  1. Selection of Šiaulių bankas AB audit company and determination of payment conditions for audit services

Resolved:

To elect UAB "KPMG Baltics" as the audit company that will audit the financial statements of Šiaulių bankas AB and the consolidated financial statements of Šiaulių bankas AB group companies for the year 2024-2025.

To determine the price of auditing services for the consolidated annual financial statements of Šiaulių bankas AB and Šiaulių bankas AB group companies for the years 2024-2025 at EUR 401,000 (without VAT) in one year, in that amount for the audit of Šiaulių bankas's AB statements EUR 150,000 (without VAT), with the right to increase these prices up to 10 percent.

  1. Approval of the new version of the Articles of Association of Šiaulių bankas AB       

The Article of Association of Šiaulių bankas was approved (enclosed).

  1. Approval of the updated Remuneration Policy of Šiaulių bankas AB             

The Remuneration Policy of Šiaulių bankas AB was approved (enclosed).

  1. Election of members of Šiaulių bankas AB Supervisory Board for a new term

Resolved:

To elect Šiaulių bankas AB Supervisory Board members for a 4 (four) year term:

1.1.             Valdas Vitkauskas;

1.2.             Darius Šulnis;

1.3.             Tomas Okmanas;

1.4.             Mindaugas Raila;

1.5.             Gintaras Kateiva;

1.6.             Susan Gail Buyske;

1.7.             Monika Nachyla.

To determine that the elected Supervisory Board of Šiaulių bankas AB begins its activities after the end of the ordinary general meeting of shareholders of Šiaulių bankas AB that elected it.

To determine, if a person is elected to the Supervisory Board of Šiaulių bankas AB for the first time, he will take up his position as a member of the Supervisory Board only after receiving the permission of the supervisory authority of Šiaulių bankas AB.

Additional information:

Tomas Varenbergas

Head of the Investment Management Division

Email:

Attachments



EN
29/03/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Siauliu Bankas

 PRESS RELEASE

„Artea" bank has completed the authorised capital reduction process

„Artea" bank has completed the authorised capital reduction process On August 13, 2025, upon registering the new version of the Articles of Association of AB Artea bankas (the “Bank”) with the Register of Legal Entities (attached), the procedure for the reduction of the Bank’s authorised capital was completed after completion of own shares buybacks. The decisions to reduce the authorised capital of the Bank from EUR 192 269 027,34 to EUR 189 195 680,13 by annulling 10 597 749 shares acquired by the Bank itself and to approve relevant amendments of the articles of association were taken on...

 PRESS RELEASE

„Artea“ bankas užbaigė įstatinio kapitalo mažinimo procesą

„Artea“ bankas užbaigė įstatinio kapitalo mažinimo procesą 2025 m. rugpjūčio 13 d. Juridinių asmenų registre įregistravus naują AB „Artea“ bankas (toliau – „Bankas“) įstatų redakciją (pridedama), buvo užbaigta Banko įstatinio kapitalo mažinimo procedūra po savų akcijų supirkimo. Sprendimą sumažinti Banko įstatinį kapitalą nuo 192 269 027,34 EUR iki 189 195 680,13 EUR, anuliuojant 10 597 749 vnt. Banko įsigytų savų akcijų, ir patvirtinti atitinkamai pakeistus įstatus, Banko akcininkai priėmė (sprendimas darbotvarkės klausimu Nr. 9). Primename, kad Bankas, siekdamas didinti akcijų likvid...

 PRESS RELEASE

Aurelija Geležiūnė elected to Management Board of AB Artea bankas

Aurelija Geležiūnė elected to Management Board of AB Artea bankas On 12 August 2025, the Bank's Supervisory Council elected Aurelija Geležiūnė as a new member of the Bank's Management Board, who will take up her duties as a member of the Management Board subject to the approval of the supervisory authority. This change in the composition of the Bank's Management Board is related to the strengthening of the compliance function within the Bank, as well as to the election of new member to replace the resigned member in March 2025, which was announced . Aurelija Geležiūnė currently is head of...

 PRESS RELEASE

Aurelija Geležiūnė išrinkta į AB „Artea“ banko valdybą

Aurelija Geležiūnė išrinkta į AB „Artea“ banko valdybą 2025 m. rugpjūčio 12 d. „Artea“ banko stebėtojų taryba nauja Banko valdybos nare išrinko Aureliją Geležiūnę, kuri valdybos narės pareigas pradės eiti tik gavusi priežiūros institucijos leidimą. Šis pokytis Banko valdybos sudėtyje yra susijęs su atitikties funkcijos stiprinimu Banke, bei su naujo nario išrinkimu vietoje 2023 m. kovo mėnesį atsistatydinusio nario, apie kurį paskelbta . Aurelija Geležiūnė banke eina Teisės, atitikties ir prevencijos tarnybos vadovės pareigas ir atlieka Vyriausiosios atitikties pareigūnės funkcijas (C...

 PRESS RELEASE

Pasikeitimai „Artea“ banko vadovų komandoje

Pasikeitimai „Artea“ banko vadovų komandoje AB „Artea“ banką palieka valdybos nariai Daiva Šorienė ir Donatas Savickas. 2025 rugpjūčio 14 d. bus paskutinė diena, kai Donatas Savickas eis „Artea“ banko valdybos nario ir Finansų tarnybos vadovo (CFO – angl. Chief Financial Officer) pareigas, o Daiva Šorienė eis valdybos narės bei Verslo klientų tarnybos vadovės pareigas. „Kartu su banku užaugę vadovai Daiva Šorienė ir Donatas Savickas atliko labai svarbų vaidmenį kuriant modernų, atsakingą, į klientų poreikius orientuotą banką. Savo ir visos „Artea“ banko grupės vardu dėkoju už lyderystę,...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch