Actual

First information on the 46th General Meeting of Shareholders of Zavarovalnica Triglav

ZAVAROVALNICA TRIGLAV, d.d., Ljubljana

First information on the 46th General Meeting of Shareholders of Zavarovalnica Triglav

 

In accordance with the Ljubljana Stock Exchange Rules and the applicable legislation, ZAVAROVALNICA TRIGLAV d.d., Ljubljana hereby publishes the following notice:

Today, at the 46th General Meeting of Shareholders of Zavarovalnica Triglav d.d., the shareholders passed the proposal of the Management Board and the Supervisory Board that part of accumulated profit in the amount of EUR 38,649,751.60 be used for dividend payment. This represents 53% of the Company's consolidated net profit for 2020 and a 5% dividend yield. The dividend of EUR 1.70 gross per share will be paid to the shareholders appearing in the share register as at 9 June 2021.

Andrej Slapar, President of the Management Board of Zavarovalnica Triglav, said: “I thank the shareholders for their trust. We are aware of the importance of a dividend payout for our shareholders, and we aim to implement a sustainable and attractive dividend policy as planned. In deciding on the use of accumulated profit this year, the General Meeting of Shareholders considered the proposal of the Management Board and the Supervisory Board, which is in line with the dividend policy and which we also justified to the regulator based on stress tests. These show that Triglav Group will maintain its financial stability in the persisting situation of great uncertainty despite paying out a dividend in said amount.”

The shareholders also took note of the Annual Report of Triglav Group and Zavarovalnica Triglav for 2020, granted a discharge to both the Management Board and the Supervisory Board of Zavarovalnica Triglav, and approved the proposed amendments to the Company’s articles of association as a result of amended legislation and some substantive amendments. The existing member Andrej Andoljšek and the new members Tomaž Benčina, Branko Bračko, Jure Valjavec and Peter Kavčič were appointed members of the Supervisory Board.

This information will be published on the website of Zavarovalnica Triglav d.d. at www.triglav.eu as of 25 May 2021 and will remain available on the Company's public website for a period of at least five years.