The Annual General Meeting (“AGM”) of the shareholders of the Bank of Cyprus Public Company Ltd (“the Company” or “the Bank”) was held at the Company’s Headquarters on November 24.
The AGM was attended by 204 shareholders, either in person or by proxy, who represented 3.115.789.447 shares, that is 34,919% of the total issued share capital of the Company. The AGM discussed the Directors’ Report, the Auditor’s Report and the Consolidated Financial Statements for the year 2014 and the Board of Directors’ Remuneration Report and fixed the remuneration of the Members of the Board.
The AGM noted the re-appointment of Ernst & Young as the Company’s Auditors for the year 2015, based on Section 153 (2) of the Companies Law and authorised the Board of Directors to fix their remuneration.
The AGM also considered and approved all the special resolutions included in the Notice convening the AGM relating to the establishment of a Long Term Incentive Plan (Resolutions 5.1 and 5.2) and to allow the Bank to have the flexibility to increase the ratio of variable remuneration relative to fixed remuneration up to the maximum of 100% of fixed remuneration for members of the Bank’s Senior Management (Resolution 6).
The following Directors were re-elected to the Board of Directors: Mr Ioannis Zographakis, Mr Marios Kalochoritis and Dr Christodoulos Patsalides.
The AGM was attended by 204 shareholders, either in person or by proxy, who represented 3.115.789.447 shares, that is 34,919% of the total issued share capital of the Company. The AGM discussed the Directors’ Report, the Auditor’s Report and the Consolidated Financial Statements for the year 2014 and the Board of Directors’ Remuneration Report and fixed the remuneration of the Members of the Board.
The AGM noted the re-appointment of Ernst & Young as the Company’s Auditors for the year 2015, based on Section 153 (2) of the Companies Law and authorised the Board of Directors to fix their remuneration.
The AGM also considered and approved all the special resolutions included in the Notice convening the AGM relating to the establishment of a Long Term Incentive Plan (Resolutions 5.1 and 5.2) and to allow the Bank to have the flexibility to increase the ratio of variable remuneration relative to fixed remuneration up to the maximum of 100% of fixed remuneration for members of the Bank’s Senior Management (Resolution 6).
The following Directors were re-elected to the Board of Directors: Mr Ioannis Zographakis, Mr Marios Kalochoritis and Dr Christodoulos Patsalides.
