Aktia Pankki Oyj - Notice to general meeting

Aktia Bank plc: Notice of Annual General Meeting

Helsinki, Finland, 2014-02-28 11:00 CET (GLOBE NEWSWIRE) -- 

Aktia Bank plc
Stock Exchange release
28 February 2014 at 12:00 (noon)



NOTICE OF ANNUAL GENERAL MEETING

Notice is hereby given to Aktia Bank plc shareholders of the Annual General
Meeting, to be held at 4.00 pm on 7 April 2014 at Pörssitalo, address
Fabianinkatu 14, Helsinki. Persons who have registered their intention to
attend will be welcomed from 3.00 pm onwards and voting sheets will be
distributed. 

A. Matters to be addressed at the AGM

The agenda of the AGM will be as follows:

1. Opening of the meeting

2. Appointment of the chairman and secretary of the meeting

3. Election of persons to check the minutes and supervise the counting of votes

4. Establishment of the meeting's legality

5. Establishment of persons present at the meeting and confirmation of voting
list 

6. Presentation of the financial statements, consolidated financial statements,
report by the Board of Directors, Auditor's report and the statement by the
Board of Supervisors for 2013 

CEO's overview

7. Adoption of the financial statements and the consolidated financial
statements 

8. Resolution on the use of the profit indicated in the balance sheet and
dividend payout 

The Board of Directors proposes that a dividend of EUR 0.42 per share be paid
for the financial year 2013. Shareholders entitled to dividend are those who
are registered in the register of shareholders maintained by Euroclear Finland
Ltd on the record date 10 April 2014. The Board of Directors proposes that the
dividend be paid out on 23 April 2014 in accordance with the rules of Euroclear
Finland Ltd. 

9. Resolution on discharging the members of the Board of Supervisors and the
Board of Directors, the CEO and his deputy from liability 

10. Resolution on remuneration for the members of the Board of Supervisors

The nomination committee proposes that following remuneration be paid to
members of the Board of Supervisors: 

- Annual remuneration, Chair: EUR 22,600 (2013: EUR 21,500)

- Annual remuneration, Deputy Chair: EUR 10,000 (9,500)

- Annual remuneration, Member: EUR 4,400 (4,200)

- Remuneration per meeting: EUR 500 (500)

The nomination committee proposes that the Board of Supervisors shall use 30%
(2013; 25%) of the annual remuneration (gross amount) for acquisition of Aktia
Bank plc A shares directly from the Stock Exchange at market price within two
weeks from the inaugural meeting of the Board of Supervisors 2014. Should
insider rules prevent acquisition of shares during the above mentioned period,
the shares shall be acquired immediately when the insider rules in force so
permit. 

Further, the members are proposed to be entitled to compensation for costs for
travel and lodging and a daily allowance in accordance with government travel
rules. 

11. Resolution on auditor's remuneration

The nomination committee proposes that remuneration to the auditor be paid as
invoiced. 

12. Determination of the number of members on the Board of Supervisors

The nomination committee proposes that the number of members of the Board of
Supervisors be thirty-two (32). 

13. Determination of the number of auditors

The nomination committee proposes that the number of auditors be one (1).

14. Election of members of the Board of Supervisors

To be re-elected as members of the Board of Supervisors the nomination
committee proposes members of the Board of Supervisors Håkan Mattlin, Christina
Gestrin, Patrik Lerche, Håkan Fagerström, Jorma J. Pitkämäki, Peter Simberg,
Bengt Sohlberg and Mikael Westerback, who are all due to step down at the
Annual General Meeting 2014 

The members of the Board of Supervisors Lorenz Uthardt ans Sven-Erik Granholm
are also due to step down at the Annual General Meeting 2014. Lorenz Uthardt is
not eligible for re-election due to the age limit and Sven-Erik Granholm does
not wish to stand for re-election. 

The nomination committee proposes that Solveig Söderback (M. Soc. Sc.), e.g.
Chair of the Board of Directors of Aktiastiftelsen i Malax, and Peter Karlgren
(agrologist), e.g. Chair of the Board of Directors of Houtskarin
Säästöpankkisäätiö. 

All candidates are proposed to be elected for a term of office in accordance
with Article 8 in the Articles of Association of the company, beginning when
the Annual General Meeting 2014 is closed and continuing until the Annual
General Meeting 2017 has concluded. 


15. Election of auditor

The nomination committee proposes that the APA firm KPMG Oy Ab be elected as
auditor. KPMG Oy Ab has announced that Jari Härmälä, M.Sc. (Econ.), APA, is
acting as auditor-in-charge. 

16. Authorisation of the Board of Directors to take decisions on one or more
issues of shares or instruments referred to in Chapter 10 of the Limited
Liability Companies Act that grant entitlement to shares. 

The Board of Directors proposes that the Annual General Meeting decide on
authorisation for the Board of Directors to issue shares, or instruments
entitling to shares as referred to in Chapter 10 of the Limited Liability
Companies Act, as follows: 

-  Supported by the authorisation, a maximum of 6,658,000 new shares,
corresponding to 10% of the company's total shares at present, may be issued. 

Of the total number of shares issued supported by the authorisation, no more
than one third may be series R shares. 

- The Board of Directors has the right to use this authorisation to strengthen
the company's capital base, the company´s share-based incentive systems and/or
for company acquisitions. 

- The authorisation to issue shares does not exclude the Board of Director's
right to decide on exceptions from shareholders' pre-emptive subscription right
(direct share issue). 

- The subscription price in the issue may, by decision by the Board of
Directors, also be paid as set-off or as contribution in kind. 

- The Board of Directors is entitled to decide on other terms and conditions
regarding the issue of shares according to the authorisation. 

The authorisation is valid 18 months from the decision by the Annual General
Meeting and recalls the authorisation to issue shares given by the Annual
General Meeting 2013. 

17. Authorisation of the Board of Directors to decide on the acquisition of the
company's own shares 

The Board of Directors proposes that the Annual General Meeting authorise the
Board of Directors to decide on the acquisition of a maximum of 200,000 series
A shares, corresponding to approx. 0.4 per cent of the total amount of series A
shares at present. The shares may be acquired in one or several instalments
using the unrestricted shareholders' equity of the company. The shares may be
acquired in derogation of the pre-emptive right of the shareholders to the
shares of the company in public trading on NASDAQ OMX Helsinki Ltd at market
price. 

The authorisation may be used to acquire to further transfer or retention
shares to be used for the company's share-based incentive systems and/or for
remuneration of members of the administrative bodies of the company. The Board
of Directors is authorised to decide on all other terms and conditions
regarding the acquisition of own shares. 

The authorisation is valid for 18 months from the decision by the Annual
General Meeting. 

18. Authorisation of the Board of Directors to decide to divest own shares

The Board of Directors proposes that the Annual General Meeting authorise the
Board of Directors to take decisions on divesting shares own shares held by the
company, as follows: 

- Supported by the authorisation, a maximum of 6,658,000 series A shares and a
maximum of 2,219,300 series R shares can be divested . 

- The assignment price of the shares should be at least the price paid for the
respective share at the time of the assignment in public trading on the Nasdaq
OMX Helsinki exchange. 

- The Board of Directors has the unrestricted right to determine to whom the
shares will be divested and can thus determine that the divestment take place
in deviation from the shareholders' pre-emptive rights e.g. to implement the
company's incentive programme and remuneration. 

The authorisation is valid 18 months from the decision by the Annual General
Meeting and recalls the authorisation to divest own shares given by the Annual
General Meeting 2013. 

19. Closing of the meeting

B. AGM documents

The proposals that relate to the above agenda as well as this notice of the AGM
are available on Aktia Bank plc's website www.aktia.com. Aktia Bank plc's
annual report, encompassing the company's financial statements, the report by
the Board of Directors, the auditor's report plus the Board of Supervisors'
statement on the accounts, the report by the Board of Directors and the
auditor's report will be available on the website mentioned above by 17 March
2014 at the latest. Copies of the above-mentioned documents will be sent to
shareholders on request. Above-mentioned documents will also be available at
the shareholder meeting. The minutes of the meeting will also be available on
above mentioned website by 21 April 2014. 

C. Notes for AGM participants

1. Shareholders listed as such in the company's register

Shareholders listed as such in the company's register of shareholders
maintained by Euroclear Finland Ab as at 26 March 2014 have the right to
participate in the Annual General Meeting. Shareholders whose shares a
registered to their personal Finnish book-entry account are listed as
shareholders in the company's register of shareholders. Shareholders who are
entered in the company's register of shareholders and who wish to participate
in the Annual General Meeting must register their intention to attend by 4.00
pm on 1 April 2014 at the latest. Participants can register for the AGM: 

a) through the company's website www.aktia.com

b) by telephone at +358 800 0 2474 (8.30 am-4.30 pm on weekdays)

c) in writing to Aktia Bank plc, Group Legal, P.O. Box 207, 00101 Helsinki.

For registration purposes, the shareholder is requested to give his/her name
and personal identification code or business ID, address, telephone number as
well as the name and personal identification code and of any representative.
The personal details that shareholders give to Aktia Bank plc will only be used
for purposes associated with the Annual General Meeting and preparing the
relevant registrations. 

2. Owners of nominee registered shares

Owners of nominee registered shares have the right to attend the Annual General
Meeting with the shares he/she would have be entitled to have entered in the
company's register of shareholders, kept by Eurocler Finland Ltd, on the record
date of the Annual General Meeting 26 March 2014. Attendance also requires that
the shareholder has been entered into the company's temporary register of
shareholders, kept by Euroclear Finland Ltd, based on these shares on 2 April
2014 at 10 am at the latest. For the nominee registered shares, this is also
considered as registration to the Annual General Meeting. 

Owners of shares registered in the name of a trustee shall in good time request
their asset manager for the necessary instructions on being entered into the
temporary register of shareholders, the granting of powers of attorney and
registration for the Annual General Meeting. The trustee's account management
organisation requests owners of shares registered in the name of a trustee, who
wish to attend the Annual General Meeting, to be entered into the company's
temporary register of shareholders at the latest at the above mentioned time. 

3. Representatives and powers of attorney

Shareholders may participate in the Annual General Meeting and exercise their
rights through a representative. The shareholder's representative shall produce
a dated power of attorney or demonstrate their right to represent the
shareholder in some other reliable way. If a shareholder is represented by more
than one representative at the general meeting, each of which represent the
shares held by the shareholder in different book-entry accounts, it must be
indicated, at the time of registration, which of the shareholder's shares each
representative represents. 

Representatives should submit their powers of attorney to the company before
the meeting at the following address: Aktia Bank plc/Group Legal, PO Box 207,
00101 Helsinki, e-mail koncernjuridik@aktia.fi, or to the fax number : + 350 10
247 6568. 

4. Other information

Shareholders present at the Annual General Meeting have the right to ask
questions concerning matters addressed at the Annual General Meeting in
accordance with Chapter 5 Section 25 of the Limited Liability Companies Act. 

On the day this notice of the AGM was drawn up, namely 28 February 2014, the
total number of shares in Aktia plc is 66,578,811;  46,706,723 series A shares
and 19,872,088 series R shares. The total number of votes is 444 148 483.
During any voting, the 22,653 series A shares and 11,658 series R shares,
giving entitlement to a total of 255,813 votes, which the company owns itself,
will not be taken into account. A further 776,665 series A shares, representing
776,665 votes, constitute shares distributed as compensation for the merger to
owners of Veritas Mutual Non-Life Insurance Company in 2009, that have not yet
been listed on any book-entry account and can therefore not be taken into
account in any voting. 

                                 AKTIA BANK PLC
                               BOARD OF DIRECTORS


AKTIA BANK PLC

For more information, please contact:
Mia Bengts, Legal Counsel, tel. +358 10 247 6348

From:
Anna Gabrán, Head of IR, tel. +358 10 247 6501


Distribution:
NASDAQ OMX Helsinki Ltd
Central media
www.aktia.fi