Highlights from the 2025 Landsbankinn Annual General Meeting
Key Outcomes from the AGM of Landsbankinn hf.
The annual general meeting (AGM) of Landsbankinn hf. recently concluded, revealing some significant developments that are poised to impact the shareholders and the overall operation of the Bank. A notable decision from the meeting was the agreement to distribute a dividend totaling ISK 18,892 million to shareholders, reflecting a robust 50% of the Bank's profits for the preceding year.
Details on Dividend Distribution
This dividend will be disbursed in two separate payments: the first installment is set for later this month, while the second will occur in September. Cumulatively, since 2013, Landsbankinn has issued dividends nearing ISK 210.6 billion, demonstrating a consistent commitment to returning value to its shareholders.
Leadership Insights at the AGM
During the AGM, compelling insights into the Bank's strategic direction were shared by the Chairman of the Board, Jón Thorvarður Sigurgeirsson, who presented the annual report from the Board for the previous year. Meanwhile, Lilja Björk Einarsdóttir, the CEO, provided an overview of various operational strategies and activities that contributed to the Bank's performance.
Approval of Financial Statements
In addition to discussing dividends, the shareholders approved the Bank's annual financial statements, which underscore the institution's financial health. Also reviewed was the proposed Remuneration Policy for Directors, ensuring competitive compensation aligned with market standards. Ríkisendurskoðun will continue as the Bank's auditor for the next year. Furthermore, PricewaterhouseCoopers ehf. has been nominated as the auditor responsible for examining the Bank's annual financial statement in 2025.
New Board Elections
The AGM also witnessed significant changes in the Board of Directors. The following individuals have been elected to serve until the next AGM:
Directors:
- Jón Thorvarður Sigurgeirsson (Chairman)
- Eva Halldórsdóttir
- Kristján Th. Davíðsson
- Rebekka Jóelsdóttir
- Steinunn Thorsteinsdóttir
- Thór Hauksson
- Örn Guðmundsson
Alternates:
- Sigurður Jón Björnsson
- Stefanía G. Halldórsdóttir
Audit Committee Appointments
Hjörleifur Pálsson was appointed as the external member of the Audit Committee, further strengthening the oversight of the Bank’s auditing processes.
Contact Information for Further Inquiries
For additional information regarding the meeting results or further queries about the Bank, stakeholders can reach out to:
Rúnar Pálmason, Public Relations, via email at pr@landsbankinn.is.
Investors may contact Hanna Kristín Thoroddsen in Investor Relations at ir@landsbankinn.is.
Frequently Asked Questions
What was the dividend amount decided at the AGM?
The dividend amount agreed upon was ISK 18,892 million, representing 50% of the profits from the previous year.
When will the dividends be paid?
The dividend will be distributed in two tranches: the first on 26 March and the second on 17 September.
Who were elected to the Board of Directors?
The directors elected include Jón Thorvarður Sigurgeirsson as Chairman, alongside other esteemed members like Eva Halldórsdóttir and Kristján Th. Davíðsson.
What audit firm will oversee Landsbankinn's financial statements for 2025?
PricewaterhouseCoopers ehf. has been appointed as the auditor for the annual financial statement for the year 2025.
Who can I contact for more information?
Inquiries can be directed to Rúnar Pálmason for PR-related questions or Hanna Kristín Thoroddsen for investor relations.
About The Author
Contact Lucas Young privately here. Or send an email with ATTN: Lucas Young as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
