25 May 2021

Announcement of general meeting resolutions

Pursuant to the Rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, announces the resolutions passed by the 37th general meeting held on 25 May 2021, starting at 3pm, at the Janus Hall of the Austria Trend Hotel, Dunajska cesta 154, Ljubljana.

At today’s 37th general meeting, the shareholders adopted the proposal of the management and supervisory boards to use EUR 13,173,041.60 of the profits for dividends. The dividend is EUR 0.85 gross per share and will be paid out on 10 June 2021 to the shareholders entered in the shareholders’ register as at 9 June 2021. The amount of the dividend is in line with the recommendations of the Insurance Supervision Agency and does not put at risk the financial position, i.e. the solvency and liquidity, of the Company or Group.

The general meeting granted discharge to the management and supervisory boards.

The shareholders also took note of the annual report for 2020.

Because the terms of office of three supervisory board members are due to expire, the general meeting elected three supervisory board members to serve for four years: Keith William Morris, Matej Gomboši and Klemen Babnik. The Sava Re management board congratulates the newly elected members of the supervisory board and wishes them all the best in their endeavours.

At the meeting, the management board also answered shareholder questions. These will also be posted on the Company’s website.

Actions to challenge resolutions

Two shareholders announced legal actions to challenge general meeting resolution 3.1:

  • Andrej Osterc, Ljubljana, and
  • VZMD (Pan-Slovenian Shareholder Association), Ljubljana.

Resolutions passed

Please see attached document.

 

Attachment:

Resolutions of 37th general meeting of shareholders

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