Annual General Meeting of Sydbank A/S
Sydbank's Annual General Meeting was held on Thursday 4 March 2010.
Comments to the agenda
- The Board of Directors presented the Directors' report on the Bank's activities in 2009. The report was subsequently adopted.
- The audited annual report was adopted.
- On the basis of the suspension of dividend distribution as a consequence of Bank Package I, Sydbank will not distribute dividends concerning the 2009 financial year. Consequently, the amount of DKK 781m is transferred to shareholders' equity.
- Five new members were elected and 23 members were re-elected to the Shareholders' Committee, which now counts 61 members.
- KPMG Statsautoriseret Revisionspartnerselskab was re-appointed auditor.
- Moreover the AGM adopted the proposals submitted by the Board of Directors to amend Article 6 (1) notice to the General Meeting, Article 6 (2) documents available at the Bank’s website prior to the General Meeting, Article 7 (1) notice convening Extraordinary General Meeting, Article 8 (3) proposals submitted by shareholders, Article 9 (2) the shareholder’s attendance at the General Meeting and Article 16 (3) reference to the Danish Companies Act
- The authority to allow the Board of Directors to acquire own shares was renewed.
Constitution of the Board of Directors
Mr Kresten Philipsen continues as Chairman of the Board of Directors and Mr Anders Thoustrup continues as Vice-Chairman.