The Management Board of Zavarovalnica Triglav hereby convenes the 46th General Meeting of Shareholders, which will be held on 25 May 2021 at 9:00 in the Marble Hall (Marmorna dvorana) at the Ljubljana Exhibition and Convention Centre.
At the General Meeting of Shareholders, shareholders will take note of the annual report of the Triglav Group and Zavarovalnica Triglav for 2020, in which the Company achieved good results and demonstrated its resilience and financial stability despite the challenging conditions due to the COVID-19 pandemic and the low interest rate environment.
Furthermore, shareholders will decide on the distribution of the Company’s accumulated profit as at 31 December 2020. Both the Management Board and the Supervisory Board assess that the bases for the dividend payment are appropriate and thus, in accordance with the Company’s dividend policy, propose a dividend of EUR 1.70 gross per share. The total amount for dividend payment of EUR 38,649,751.60 represents 53% of the Company’s consolidated net profit for 2020 and a 5% dividend yield.
The agenda of the regular General Meeting of Shareholders also includes the granting of discharge to the Management Board and the Supervisory Board of Zavarovalnica Triglav for the 2020 financial year and amendments to the Company's Articles of Association. These have been proposed to the General Meeting of Shareholders due to changed legislation and some substantive amendments, such as the holding of a virtual or electronic general meeting of shareholders. Shareholders will also take note of last year’s resignation of one Supervisory Board member and the expiry of the term of office of four Supervisory Board members, as well as appoint five new members of this body.
This year, Zavarovalnica Triglav will once again enable shareholders to exercise their rights at the General Meeting of Shareholders through the organised collection of proxies by voting according to the shareholders’ instructions, even without the shareholders physical attendance. Due to the uncertain situation caused by the COVID-19 pandemic, it is recommended that the shareholders give priority to this option of voting remotely at the General Meeting of Shareholders.
The invitation to the 46th General Meeting of Shareholders of Zavarovalnica Triglav d.d., including the documents, the attendance and proxy forms to participate and vote, is available at the stock exchange information system of the Ljubljana Stock Exchange and at web site triglav.eu.