Kvika Banki hf. Announces AGM Details and Share Capital Changes

Details of Kvika Banki hf.'s Annual General Meeting

The Board of Directors of Kvika banki hf. recently shared important details regarding the upcoming Annual General Meeting (AGM) scheduled for March 26. While the location is Nauthóll in Reykjavík, shareholders can join both in-person and online. The meeting will commence at 4:00 pm, ensuring that all interested shareholders have the opportunity to participate in this significant event.

Updates on Share Capital Reduction Proposal

One of the key topics to be addressed during the AGM is the board’s proposal concerning share capital reduction. This decision comes while the board is actively overseeing a buy-back program. As of March 19, the number of own shares stood at 92.041.303, leading to a proposed reduction of share capital amounting to 91.073.340. This adjustment aims to align the company's Articles of Association with the altered share structure, thereby ensuring consistency and clarity moving forward.

Final Board Proposals Released

The Board of Directors has revised its initial proposals, which are available for review. Shareholders are encouraged to familiarize themselves with the details of these final motions, as they play a crucial role in shaping the company's future direction. The updated proposals encompass essential adjustments that reflect current market conditions and shareholder interests.

Registration Information for AGM Participation

For those wishing to attend the AGM, registration is mandatory and must be completed no later than 4:00 pm on March 24, just two days prior to the meeting. Shareholders, or their designated proxies, can register through a dedicated portal. Important documentation, including valid identification and any necessary power of attorney, should accompany this registration to ensure a smooth check-in process.

Voting Process and Electronic Participation

Participation in the voting process will be conducted via the Lumi AGM platform, providing a simple and effective way for all shareholders to cast their votes regardless of their attendance method. Whether present at Nauthóll or joining remotely, shareholders will have equal access to participate actively in defining the company’s future.

Access to Additional AGM Resources

To assist shareholders further, Kvika banki hf. has made additional resources available regarding registration and participation in the AGM. While all necessary documentation can be accessed through the company's official website, the Board has also shared a comprehensive guide detailing the electronic registration process to facilitate an inclusive experience for all attendees.

Shareholder Engagement and Company Commitment

Kvika Banki hf. remains committed to fostering transparency and engagement with its shareholders. The upcoming AGM is more than just a formal gathering; it represents an opportunity for investors to connect and discuss the strategic vision of the company. By focusing on communication and collaboration, Kvika aims to strengthen its relationship with stakeholders and navigate future challenges proficiently.

Frequently Asked Questions

What is the date and time for the AGM of Kvika Banki hf.?

The AGM is scheduled for March 26, starting at 4:00 pm.

How can shareholders register for the meeting?

Shareholders can register online, ensuring they complete the process by 4:00 pm on March 24.

What is the proposed change regarding share capital?

The Board proposes reducing share capital by 91.073.340 based on the current number of own shares.

Is it possible to attend the meeting electronically?

Yes, shareholders can participate in the AGM either in person or electronically through the Lumi AGM platform.

Where can I find more information on the AGM?

Further details about the AGM and the necessary registration information are available on Kvika's official website.

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