Resolutions of 38th general meeting
Pursuant to the Rules of the Ljubljana Stock Exchange, Ljubljana, and applicable legislation, Sava Re d.d., Ljubljana, announces the resolutions passed by the 38th general meeting held on 23 June 2022, starting at 10am, at the Janus Hall of the Austria Trend Hotel, Dunajska 154, Ljubljana.
At today’s 38th general meeting, the shareholders adopted the proposal of the management and supervisory boards to use EUR 23,246,544.00 of the profits for dividends. The dividend is EUR 1.50 gross per share and will be paid out on 12 July 2022 to the shareholders entered in the shareholders’ register on 11 July 2022.
The shareholders took note of the 2021 annual report, and the Company’s supervisory and management boards were granted discharge for 2021.
The general meeting appointed the audit firm Deloitte Revizija d.o.o., Dunajska 165, 1000 Ljubljana, as auditor for the financial years 2022, 2023 and 2024.
The general meeting approved the Directors’ Remuneration Report of Sava Re d.d. for the Financial Year 2021 (Directors’ Remuneration Report), whereas the consultation vote on the resolution to approve the Remuneration Policy for Members of Management and Supervisory Bodies of Sava Re d.d. (Directors’ Remuneration Policy) was not carried. Although the Directors’ Remuneration Policy is valid and consistent with the law, it is not fully aligned with the recommendations of the shareholder Slovenian Sovereign Holding, which were published on 16 March 2022. The Company will examine the deviations from the recommendations of this shareholder and will remove them by the next Sava Re annual general meeting.
The Directors’ Remuneration Report and the Directors’ Remuneration Policy will be posted on the Company’s website, for at least ten years from the date of this announcement.
Actions to challenge resolutions
No legal actions to challenge any general meeting resolutions were announced in the general meeting.
Resolutions passed
Please see the attached document.
Resolutions of 38th general meeting
Notice of 38th general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana and applicable regulations, the management board of Sava Re d.d. hereby calls the 38th general meeting of shareholders
to be held on Thursday, 23 June 2022, at 10am in the Janus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, comprising proposed resolutions with explanations, the audited Annual Report of the Sava Insurance Group and Sava Re d.d. for 2021, the report of the supervisory board, the corporate governance statement, the Directors’ Remuneration Report of Sava Re d.d. for 2021, the Remuneration Policy for Members of Management and Supervisory Bodies of Sava Re d.d. and other materials in accordance with Article 297(a) of the Slovenian Companies Act (ZGD-1), are available at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9am and 3pm from the day of the publication of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (https://seonet.ljse.si/default_en.aspx?language=en) and on the Company’s official website (http://www.sava-re.si/en-si/).
The general meeting notice has also been posted on the Ajpes website (https://www.ajpes.si/?language=english).
In accordance with the Company’s articles of association and the Slovenian Companies Act (ZGD-1), the notice of the 38th general meeting of shareholders of Sava Re d.d. was published in the daily newspaper Delo on Friday, 20 May 2022.
Notice of 38th general meeting of shareholders
Explanations to agenda items of 38th general meeting
Annual report on internal auditing for 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
Organised collection of proxy forms for 37th general meeting
In line with the Slovenian Corporate Governance Code for Listed Companies, Sava Re d.d. announces that, on 3 May 2021, it was informed of an organised collection of proxy forms for the 37th general meeting of shareholders of Sava Re d.d. to be held on 25 May 2021 at 3pm in the Janus Hall of the Austria Trend Hotel in Ljubljana. The Small Shareholders’ Associations of Slovenia (hereinafter: SSAS), Tomšičeva 1, SI-1000 Ljubljana, started an organised collection of proxy forms for exercising voting rights in the 37th general meeting of the Company on 3 May 2021. The proxy holder is Rajko Stanković, president of the SSAS. Signed proxy forms are to be sent to the SSAS in closed envelopes (postage paid) to the address: Društvo Mali delničarji Slovenije, Tomšičeva ulica 1, SI-1000 Ljubljana, no later than 21 May 2021. For additional information regarding proxy appointments, please contact Grega Tekavec, the executive secretary of the SSAS (email: tekavec@skupaj.si, mobile phone: 031 787 282).
Counter-proposal to resolution of 37th general meeting
In accordance with the rules of the Ljubljana Stock Exchange and article 300 of the Slovenian Companies Act (ZGD-1), the management board of Sava Re d.d., with respect to the
37th general meeting of shareholders of Sava Re d.d., Ljubljana,
to be held on Tuesday, 25 May 2021, at 3pm in the Janus Hall of the Austria Trend Hotel Ljubljana, Dunajska 154, 1000 Ljubljana, informs all shareholders that, on 19 April 2021, it received a counter-proposal from the shareholder Vseslovensko Združenje Malih Delničarjev (Pan-Slovenian Shareholder Association, VZMD), Hrenova 13, 1000 Ljubljana, which is the owner of two POSR shares,
regarding resolution 3.1 under meeting agenda item 3: Appropriation of distributable profit and granting of discharge to the management and supervisory boards for 2020, as presented below.
I. Counter-proposal of the shareholder
Proposed resolution no. 3.1:
“The distributable profit of EUR 23,806,703.97 as at 31 December 2020 is to be appropriated as follows:
EUR 20,147,004.80 is to be appropriated for dividends. The dividend is EUR 1.30 gross per share and is to be paid on 10 June 2021 to the shareholders entered in the shareholders’ register as at 9 June 2021. The remaining distributable profit of EUR 3,659,699.17 is to be left unappropriated.
The proposal for the appropriation of distributable profit is based on the number of own shares as at 31 December 2020. On the date of the general meeting, the number of shares entitled to dividends may change as a result of disposals of own shares. Should the number of own shares change, adjusted figures for appropriation of the distributable profit will be proposed to the general meeting of shareholders, while the dividend per share of EUR 1.30 remains unchanged.”
Explanation provided by the shareholder:
“At VZMD we believe it proper and desirable that the company allocate the majority of its distributable profit for distribution. As the proposer, we believe that the company is capable of paying such a dividend to its shareholders without adverse impacts or otherwise impeding its plans.
In 2019, Sava Re grew its distributable and net profit year on year; nevertheless, it paid no dividends in 2020, contrary to the assurances given by the company’s representatives in general meetings over the past years as well as the company’s adopted dividend policy of increasing dividends by 10% annually. In addition, Sava Re has set itself a goal that in the period 2020–2022, it would annually distribute between 35% and 45% of the net profit of the Sava Insurance Group. The amount proposed for distribution represents just over 35% of the Group’s net profit.
In the light of certain repeated recommendations, requests and even across-the-board orders of some institutions and associations on the non-payment of dividends, VZMD again emphatically states that the decision on dividend distribution is exclusively within the powers of the owners. We have also called upon these institutions and associations who have circulated such notices to publish relevant analyses and information supporting their positions.
As of the time of writing this proposal, we have received no serious analyses that could justify these decisions, which may result in extremely far-reaching, harmful consequences. On the contrary: time has proven that during the corona crisis the company performed even better and could have easily paid out dividends last year, i.e. in respect of 2019!”
II. Position of the management board regarding the counter-proposal to proposed resolution no. 3.1
The management board of Sava Re d.d. opposes the proposal of VZMD regarding the payment of a dividend of EUR 1.3 gross per share because it believes that the proposal of the management and supervisory boards, which is in line with the recommendations of the Insurance Supervision Agency (Agency), is appropriate. To summarise: on 5 March 2021, Sava Re received a letter from the Agency stating that, due to the uncertain situation regarding the spread of the Covid-19 pandemic and the associated uncertain consequences for the economy and the insurance sector, the Agency expected that, until 30 September 2021, insurance undertakings, reinsurance undertakings and pension companies suspend dividend payments. Furthermore, the recommendation of the Agency set certain criteria for companies where, contrary to the recommendation, the management and supervisory boards decide to propose the appropriation of the distributable profit prior to the above date, and required such companies to demonstrate compliance with the principle of prudence in their decisions. On 2 April 2021, Sava Re received another letter from the Agency amending the recommendation of 5 March 2021 regarding the payment of dividends. To prove its ability to pay dividends in 2021, Sava Re compiled documents for the Agency to demonstrate its financial stability, solvency, liquidity and resilience to stress scenarios (including Covid-19 impacts). Based on the Agency’s criterion, the dividend must not exceed the average dividend paid in the period 2017–2019, which is EUR 0.85 per share. Furthermore, the Agency set a condition that, in order to pay dividends, companies must have made a profit in both the 2019 and 2020 financial years, with the parent companies taking into consideration the financial position of both the parent as well as the group of companies they control when deciding on the payment of dividends. The Sava Insurance Group generated a net profit of EUR 50.2 million and EUR 56.4 million in 2019 and 2020, respectively. While Sava Re made a loss in 2020, this is due to a recommendation (issued in 2020) to insurance companies, including Sava Re’s subsidiaries, to use a very cautious approach regarding the payment of dividends. If Sava Re had been paid dividends by its subsidiary insurance companies in 2020, it would not have posted an operating loss.
***
The full wording of the counter-proposal of VZMD is available at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9am and 3pm from the day of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si), on the Company’s official website (http://www.sava-re.si) and on the Ajpes website (http://www.ajpes.si).
Attachment:
Correction: notice of 37th general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, the management board of Sava Re d.d. announces, with respect to the
37th General Meeting of Shareholders of Sava Re d.d. Ljubljana
to be held on Tuesday, 25 May 2021, at 3pm in the Janus Hall of the Austria Trend Hotel Ljubljana, Dunajska 154, 1000 Ljubljana,
a correction in the first paragraph of the section “Conditions for attendance at the general meeting and for exercising voting rights” of the general meeting notice. The word “fourth” in the last line should have read “seventh”.
We attach a clean copy of the corrected Sava Re general meeting notice.
On 23 April 2021, the correction of the notice of the general meeting of shareholders of Sava Re d.d. will be published in the online edition of the newspaper Delo, on the Ljubljana Stock Exchange website via the SEOnet information system (http://seonet.ljse.si), on the AJPES website (http://www.ajpes.si) and on the Company’s official website (http://www.sava-re.si). The correction of the notice and a clean copy of the corrected notice of the 37th general meeting of Sava Re shareholders will be published in the printed edition of Delo on 24 April 2021.
Attachment:
Clean copy of the corrected notice of the 37th general meeting of shareholders of Sava Re d.d.
Notice of 37th general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable regulations, the management board of Sava Re d.d. hereby calls the 37th general meeting of shareholders
to be held on Tuesday, 25 May 2021, at 3pm in the Janus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, comprising proposed resolutions with explanations; the audited annual report of the Sava Insurance Group and Sava Re d.d. 2020, including the report of the supervisory board and the corporate governance statement; the 2020 annual report on internal auditing, including the opinion of the supervisory board thereto; and other materials pursuant to article 297a of the Slovenian Companies Act (ZGD-1), are available at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9am and 3pm from the day of the publication of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si) and on the Company’s official website (http://www.sava-re.si).
The general meeting notice has also been posted on the AJPES website (http://www.ajpes.si).
In accordance with the Company’s articles of association and the Slovenian Companies Act (ZGD-1), the notice of the 37th general meeting of shareholders of Sava Re d.d. was published in the daily newspaper Delo on Friday, 16 April 2021.
Notice of 37th general meeting of shareholders
Explanations to agenda items of 37th general meeting
Annual report on internal auditing for 2020, including the opinion of the supervisory board thereon
Cancellation of notice of 37th general meeting due to new circumstances and increased coronavirus-related risks
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the Market in Financial Instruments Act, Sava Re d.d., Dunajska 56, Ljubljana, makes the following announcement:
The management board, with the consent of the supervisory board, hereby cancels the 37th general meeting of shareholders of Sava Re d.d. scheduled for Monday, 16 November 2020, at 1pm.
In the notice of the 37th general meeting, the Company assessed its ability to pay dividends in respect of the 2019 profit based on the revised annual plan for 2020 and the revised strategic plan for 2020–2022. Both plans were also based on the business development in 2020 and included the effects of and estimated risks from the first wave of Covid-19 on the operations of the Sava Insurance Group (hereinafter: the Group). In addition, stress scenarios were analysed to assess capital adequacy. Based on legal advice obtained since the onset of the pandemic relating to the matters discussed in the following paragraph, it has not been necessary, to date, to recognise any consequences of additional pandemic-related risks in the Company’s planning or strategic documents, or stress scenarios.
After the general meeting had been called, some days ago Sava Re was informed of and faced with new circumstances that had arisen in certain EU insurance markets and in the United Kingdom that are in contrast to previously obtained legal advice. These primarily include legal and regulatory practices and other material facts related to potential additional adverse effects of the Covid-19 pandemic on the operations of the insurer Zavarovalnica Sava and the reinsurer Sava Re. These new circumstances primarily relate to Covid-19–related claims on policies written in the Irish market (under the freedom of services rules) and reinsurance contracts written in the United Kingdom for business interruption coverage as part of property policies, which under new court and regulatory practices may potentially have an adverse effect on the Group’s business results and solvency position.
In this regard, Sava Re has also been called upon by the Slovenian Insurance Supervision Agency to reconsider its position relating to the assessment of risks in the above markets, as well as any impacts on its solvency position.
In line with the Group’s risk management policy, the Company immediately started assessing the likelihood and severity of such risks occurring. This will take some time.
The companies Zavarovalnica Sava and Sava Re have started compiling additional information to assess their exposure to these new risks and the likelihood of these risks being realised and to calculate any potential impact on the separate and consolidated results and the solvency position of the companies and the Group. The Company will assess the size and likelihood of potential claims in the 2020 annual report and the following quarterly financial reports.
Accordingly, the Company’s management and supervisory boards, with all due care, believe that at the moment it is in the best interest of Sava Re, the Group and its policyholders that the general meeting be cancelled and dividend payments in respect of 2019 be temporarily suspended.
The business results for the first nine months of 2020 to be released on 19 November 2020 are favourable and consistent with published plans. Any potential effects that may arise from the new risks have neither materialised yet nor impacted the results of the first nine months of 2020, but they could affect future results.
Sava Re will take a position on dividend payments when publishing audited financial statements for 2020.
The Company’s management thanks all its shareholders for their understanding.
The cancellation of the notice of the 37th general meeting of Sava Re d.d. was published in the daily newspaper Delo issued on Friday, 6 November 2020. As from 6 November 2020, the notice on the cancellation of the 37th general meeting will be posted on the website of the Ljubljana Stock Exchange, via the SEOnet information system (http://seonet.ljse.si), on the AJPES website (http://www.ajpes.si) and on the Company’s official website (http://www.sava-re.si).
Organised collection of proxy forms for exercise of voting rights at general meeting
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, the management board of Sava Re d.d. makes the following announcement regarding the organisation of the
37th general meeting of shareholders to be held on Monday, 16 November 2020, at 1pm in the Janus Hall of the Austria Trend Hotel Ljubljana (Dunajska cesta 154, 1000 Ljubljana):
In order to both minimise risks associated with Covid-19 and ensure the physical implementation of the general meeting of shareholders, we are organising the collection of proxy forms to encourage our shareholders to vote at the general meeting by proxy. To this end, from 22 October 2020 onwards, our shareholders will be receiving the following at their address along with a shareholder letter:
- An individualised registration form, including a proxy form with two selected persons to act as proxy holders and instructions to vote – in case the shareholder decides to register and grant proxy through the organised action of collecting proxy forms;
- A Sava Re proxy form – in case the shareholder wishes to attend the general meeting by proxy and wishes to choose his/her own proxy holder;
- A Sava Re registration form – in case the shareholder wishes to attend the general meeting in person despite the aggravated situation.
Shareholders who intend to attend the general meeting by proxy are asked to complete and submit only one of the two proxy forms provided.
The completed and signed registration and proxy forms must be mailed to the address Sava Re d.d., Dunajska cesta 56, 1000 Ljubljana, Slovenia, by Thursday, 12 November 2020, using the enclosed prepaid envelope.
Attached documents:
Notice of 37th general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable regulations, the management board of Sava Re d.d. hereby calls the 37th general meeting of shareholders of Sava Re d.d.
to be held on Monday, 16 November 2020, at 1 p.m. in the Janus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana,
The general meeting materials, including the proposed resolution with explanations, are available at the Company’s headquarters in Ljubljana, Dunajska cesta 56, every working day between 9 a.m. and 3 p.m. from the day of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si) and on the Company’s official website (http://www.sava-re.si).
The wording of the notice of the general meeting of shareholders has also been posted on the AJPES website (http://www.ajpes.si).
In accordance with the Company’s articles of association and the Slovenian Companies Act (ZGD-1), the notice of the 37th general meeting of shareholders of Sava Re d.d. was published in the daily newspaper Delo on Wednesday, 14 October 2020.
Notice of 37th general meeting of shareholders
Explanations to agenda items of the 37th general meeting
*********************************************
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 36th general meeting held on 16 June 2020, starting at 14.00, at the Janus Hall of the Austria Trend Hotel, Dunajska cesta 154, Ljubljana.
Actions to challenge resolutions
Shareholder FACIG d.o.o., Dalmatinova ulica 2, 1000 Ljubljana, Slovenia, has announced a legal action to challenge a general meeting resolution.
Resolutions passed
Please see attached document:
Resolutions of the 36th general meeting of shareholders
Insurance Supervision Agency’s measure regarding dividend payment
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and the applicable legislation, Sava Re d.d., Ljubljana, makes the following announcement:
At the end of March 2020, the Insurance Supervision Agency sent a letter to all (re)insurance and pension companies expressing its expectations regarding temporary suspension of dividend payment until at least 1 October 2020. Sava Re followed the recommendation. When calling the 36th general meeting of shareholders, the management and supervisory boards proposed to the general meeting to adopt a resolution not to distribute to shareholders the distributable profit for 2019.
Sava Re is informing the public that on 20 May 2020, it received the Insurance Supervision Agency’s measure regarding dividend payment, in which the Agency expressed its expectation that (re)insurance and pension companies will suspend dividend payment until at least 1 October 2020.
The document “Insurance Supervision Agency’s measure regarding dividend payment” is attached.
Insurance Supervision Agency’s measure regarding dividend payment
Organised collection of proxy forms for exercise of voting rights at general meeting
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, the management board of Sava Re d.d. makes the following announcement regarding the organisation of the
36th general meeting of shareholders to be held on Tuesday, 16 June 2020, at 2 p.m. at the Andromeda Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
With a view to minimising COVID-19-related risks, we wish to enable our shareholders to vote at the general meeting by proxy. To this end, shareholders will be receiving the following at their address along with a shareholder letter:
- Sava Re registration form – in case the shareholder wishes to attend the general meeting in person;
- Sava Re proxy form – in case the shareholder wishes to attend the general meeting by proxy and wishes to choose his/her own proxy holder;
- Individualised registration form, including proxy form with two selected persons to act as proxy holders and instructions to vote in case the shareholder decides to register and grant proxy through the organised action of collecting proxy forms.
Shareholders who intend to attend the general meeting by proxy are asked to complete and submit only one of the two proxy forms provided.
Completed and signed registration and proxy forms must be mailed to the address Sava Re d.d., Dunajska 56, 1000 Ljubljana, by Friday, 12 June 2020, using the enclosed prepaid envelope.
This announcement will also be available on the Company’s website, at www.sava-re.si, for at least five years from the date of this announcement.
Management Board of Sava Re d.d.
Counter proposal to resolution of the 36th general meeting
In accordance with the rules of the Ljubljana Stock Exchange and article 300 of the Slovenian Companies Act (ZGD-1), the management board of Sava Re d.d., with respect to the
36th general meeting of shareholders of Sava Re d.d., Ljubljana,
to be held on Tuesday, 16 June 2020, at 14.00 in the Andromeda Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana,
informs all shareholders that it received, on 24 April 2020, a counterproposal from shareholder Vseslovensko Združenje Malih Delničarjev (Pan-Slovenian Shareholder Association, VZMD), Hrenova 13, 1000 Ljubljana, to the proposal under agenda no. 3.1: Appropriation of distributable profit and granting of discharge to the management and supervisory boards for 2019.
The full wording of the counterproposal of VZMD is available at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9:00 and 15:00 from the day of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si), on the Company’s official website (http://www.sava-re.si) and on the AJPES website (http://www.ajpes.si).
Notice of 36th general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange d.d., Ljubljana, and applicable regulations, the management board of Sava Re d.d. hereby calls the 36th general meeting of shareholders
to be held on Tuesday, 16 June 2020, at 14.00 in the Andromeda Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, comprising proposed resolutions with explanations; the audited annual report of the Sava Insurance Group and Sava Re d.d. 2019, including the report of the supervisory board and the corporate governance statement; the 2019 annual report on internal auditing, including the opinion of the supervisory board thereto; and other materials pursuant to article 297a of the Slovenian Companies Act (ZGD-1), are available at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9.00 and 15.00 from the day of the publication of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si) and on the Company’s official website (http://www.sava-re.si).
The wording of the notice of the general meeting of shareholders has also been posted on the AJPES website (http://www.ajpes.si).
In accordance with the Company’s articles of association and the Slovenian Companies Act (ZGD-1), the notice of the 36th general meeting of shareholders of Sava Re d.d. was published in the daily newspaper Delo on Friday, 17 April 2020.
Notice of 36th general meeting of shareholders
Explanations to agenda items of the 36th general meeting
Annual report on internal auditing 2019, including the opinion of the supervisory board thereon
Notice of 35th general meeting of shareholders
Pursuant to the rules of the Ljubljana Stock Exchange d.d. Ljubljana and applicable regulations, the management board of Sava Re d.d. hereby calls the 35th general meeting of shareholders
to be held on Tuesday, 21 May 2019, at 13.00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, comprising proposed resolutions with explanations; the audited annual report of the Sava Re Group and Sava Re d.d. 2018, including the report of the supervisory board and the corporate governance statement; the 2018 annual report on internal auditing, including the opinion of the supervisory board thereto; and other materials pursuant to article 297a of the Slovenian Companies Act (ZGD-1), are available in the secretaries’ office at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9.00 and 15.00 from the day of the publication of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si) and on the Company’s official website (http://www.sava-re.si).
The wording of the general meeting notice is also posted on the AJPES website (http://www.ajpes.si).
In accordance with the Company’s articles of association and the Slovenian Companies Act (ZGD-1), the notice of the 35th general meeting of Sava Re d.d. was published in the daily newspaper Delo on Monday, 8 April 2019.
Notice of 35th general meeting of shareholders
Explanations to agenda items of the 35th general meeting
Annual report on internal auditing 2018
Opinion of the supervisory board to the annual report of the internal audit
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 35th general meeting held on 21 May 2019, starting at 13.00 at the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, Ljubljana.
Resolutions passed
Please see attached document.
Challenging actions announced
No challenging actions were announced in the general meeting.
Resolutions of the 35th general meeting of shareholders of Sava Re d.d.
Notice of 34th General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of Sava Re, d.d. hereby calls the 34th regular session of the general meeting of shareholders
to be held on Tuesday, 29 May 2018 at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials comprising proposed resolutions with explanations; the audited annual report of the Sava Re Group and Sava Re, d.d. 2017, including the report of the supervisory board and the corporate governance statement; the 2017 annual report on internal auditing, including the opinion of the supervisory board thereto; and other materials pursuant to article 297a of the Slovenian Companies Act (ZGD-1) are available in the secretaries’ office at the Company’s headquarters in Ljubljana, Dunajska 56, every working day between 9:00 and 15:00 from the day of the general meeting notice to the day of the general meeting, and in electronic form on the official website of the Ljubljana Stock Exchange, d.d., via the Ljubljana Stock Exchange SEOnet information system (http://seonet.ljse.si) and on the Company’s official website (http://www.sava-re.si).
The wording of the general meeting notice is also posted on the AJPES website (http://www.ajpes.si).
In accordance with the Company’s articles of association and the Slovenian Companies Act (ZGD-1), the notice of the 34th general meeting of Sava Re, d.d. was published in the daily newspaper Delo on Thursday, 12 April 2018.
Notice of the 34th general meeting of shareholders
Audited annual report 2017, including the auditor’s report and the report of the supervisory board
Annual report of the internal audit department 2017
Opinion of the supervisory board to the annual report of the internal audit department 2017
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 34th general meeting held on 29 May 2018, starting at 13:00 at the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, Ljubljana.
Resolutions passed
Please see attached document.
Announced challenging actions
No challenging actions were announced in the general meeting.
Resolutions of the 34th general meeting of shareholders of Sava Re, d.d.
Announcement of 33rd General Meeting Resolutions
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d. Ljubljana and applicable legislation, Sava Re, d.d. Ljubljana hereby announces the resolutions passed by the 33rd general meeting held on 19 May 2017, starting at 13:00 at the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, Ljubljana.
Resolutions passed
Please see attached document.
Challenging actions
No challenging actions were announced in the general meeting.
Resolutions of the 33rd general meeting of shareholders of Sava Re, d.d.
Announcement of Notice of 33rd General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of Sava Re, d.d. hereby calls the 33rd regular general meeting of shareholders
to be held on Friday, 19 May 2017 at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations; the annual report of the Sava Re Group and Sava Re, d.d. 2016, the report of the supervisory board, the corporate governance statement, the annual report on internal auditing for 2016, including the supervisory board's opinion thereto, and other materials pursuant to Article 297a of the Slovenian Companies Act (ZGD-1), are available, from the day of the general meeting notice to the day of the general meeting, in the Company's secretaries office at the Company's registered office in Ljubljana, Dunajska 56, every business day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si) and on the Company's official website (www.sava-re.si). The Notice of 33rd general meeting of shareholders is published also on the AJPES website (www.ajpes.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 33rd general meeting was printed in the Friday’s issue (14 April 2017) of the daily newspaper Delo.
Notice of 33rd general meeting of shareholders
Explanations to the agenda items
Annual report 2016 with the auditor's report and report of the supervisory board
Annual report on internal auditing for 2016, including the supervisory board's opinion thereto
Announcement of 32nd General Meeting Resolutions
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and applicable legislation, Sava Re, d.d., Ljubljana ("Sava Re, d.d.") hereby announces the resolutions passed by the 32nd General Meeting held on 7 March 2017, starting at 13:00 at the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, Ljubljana.
Adopted resolutions
Please see attached document.
Challenging actions
No challenging actions were announced in the general meeting.
Counter Proposal to General Meeting Resolution
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and relevant legislation, the Company's management board hereby informs its shareholders, in respect of the
32nd General Meeting of Shareholders of Sava Re, d.d. Ljubljana
to be held on Tuesday, 7 March 2017 at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana,
that on 9 February 2017, it received a counter proposal from its shareholder Adris grupa d.d., Vladimira Nazora 1, Rovinj, Republic of Croatia to the proposal under agenda item 2 (resolution 2.1) of the 32nd general meeting of Sava Re, d.d.
Counter proposal of the shareholder
The counter proposal submitted by Adris grupa is attached hereto.
The full text of the counter proposal of Adris grupa is also available for shareholders in the secretary's office at the Company's headquarters in Ljubljana, Dunajska cesta 56, every working day from the date of publication to the date of the general meeting from 9:00 to 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si) and on the AJPES website (http://www.ajpes.si).
Pursuant to the Slovenian Companies Act (ZGD-1), a summary of the counter proposal of Adris grupa was published in the daily newspaper Delo on Wednesday, 15 February 2017.
Counter proposal of the shareholder
32nd General Meeting
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of the Company hereby calls the 32nd regular general meeting of shareholders,
to be held on Tuesday, 7 March 2017, at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations and other materials pursuant to Article 297a of the Slovenian Companies Act (ZGD-1), are available, from the day of the general meeting notice to the day of the general meeting, in the Company's secretaries office at the Company's registered office in Ljubljana, Dunajska 56, every business day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si) and on the Company's official website (www.sava-re.si).
The Notice of 32nd general meeting of shareholders is published also on the AJPES website (www.ajpes.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 32nd general meeting was printed in the Thursday’s issue (2 February 2017) of the daily newspaper Delo.
Explanations to the agenda items
Resolutions of the 31st General Meeting of Shareholders
Resolutions of the 31st General Meeting of Shareholders of Sava Reinsurance Company
31st General Meeting of Shareholders – Amendment of Agenda - GM WAS CANCELLED ON 23 MAY 2016
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and relevant legislation, the Company's management board hereby announces the following:
Regarding the 31st general meeting of Sava Reinsurance Company to be held on Tuesday, 24 May 2016, at 13:00 at the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, Ljubljana, Slovenia, the management board of Sava Reinsurance Company hereby informs its shareholders that
on 28 April 2016, it received a written request of a shareholder, Slovenski državni holding d.d., Mala ulica 5, 1000 Ljubljana (hereinafter: Slovenian Sovereign Holding or SDH) for the amendment of the general meeting agenda.
SDH filed its request for an amendment of the agenda on behalf of and for the account of the Republic of Slovenia and well as in its own name as shareholders of Sava Reinsurance Company.
Based on a request of the above shareholders, received within the prescribed time, and in accordance with Article 298(4) of the Companies Act (ZGD-1), the convener hereby publishes the request for the amendment of agenda and a clean copy of the agenda of the 31st general meeting of shareholders of Sava Reinsurance Company.
A clean copy of the agenda of the 31st general meeting of shareholders of Sava Reinsurance Company will also be published on Friday, 6 May 2016, in the daily Delo, on the AJPES website (http://www.ajpes.si) and on the Company's website (http: // www.sava-re.si).
Request of shareholders for the amendment of agenda
Amendment of the agenda and clean copy of the agenda of the 31st general meeting of shareholders
31st General Meeting of Shareholders
Announcement of Notice of 31st General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of the Company hereby calls the 31th regular general meeting of shareholders,
to be held on Tuesday, 30 August 2016, at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations, the annual report of the Sava Re Group and Pozavarovalnica Sava d.d. 2015, the report of the supervisory board, the corporate governance statement, annual report on internal auditing for 2015, including the supervisory board's opinion thereto, the report of the supervisory board on the procedure of the review carried out on the transaction to purchase the property located in Baragova ulica 5 in Ljubljana ("ACH property") and other materials pursuant to Article 297a of the Slovenian Companies Act (ZGD-1), are available, from the day of the general meeting notice to the day of the general meeting, in the Company's secretaries office at the Company's registered office in Ljubljana, Dunajska 56, every business day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si) and on the Company's official website (www.sava-re.si). The Notice of 31st general meeting of shareholders is published also on the AJPES website (www.ajpes.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 31st general meeting was printed in the Friday’s issue (29 July 2016) of the daily newspaper Delo.
This announcement will also be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 31st general meeting of shareholders
Explanations to the agenda items
Annual report 2015 with the auditor's report and report of the supervisory board
Annual report on internal auditing for 2015, including the supervisory board's opinion
31st General Meeting
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of the Company hereby calls the 31th regular general meeting of shareholders,
to be held on Tuesday, 24 May 2016, at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations, the annual report of the Sava Re Group and Pozavarovalnica Sava d.d. 2015, the report of the supervisory board, the corporate governance statement, and other materials pursuant to Article 297a of the Slovenian Companies Act (ZGD-1), are available, from the day of the general meeting notice to the day of the general meeting, in the Company's secretaries office at the Company's registered office in Ljubljana, Dunajska 56, every business day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si), on the AJPES website (www.ajpes.si) and on the Company's official website (www.sava-re.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 31st general meeting was printed in the Thursday’s issue (21 April 2016) of the daily newspaper Delo.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 31st general meeting of shareholders
Explanations to the agenda items
Annual report 2015 with the auditor's report and report of the supervisory board
Annual report on internal auditing for 2015, including the supervisory board's opinion thereto
Resolutions of the 30th General Meeting of Shareholders
Resolutions of the 30th General Meeting of Shareholders of Sava Reinsurance Company
30th General Meeting
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of the Company hereby calls the 30th regular general meeting of shareholders,
to be held on Thursday, 28 May 2015, at 13.00 in the Ravnikar Hall of the Four Points by Sheraton Ljubljana Mons, Pot za Brdom 4, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations, the annual report of the Sava Re Group and Pozavarovalnica Sava d.d. 2014, the report of the supervisory board, the corporate governance statement, and other materials pursuant to Article 297a of the Slovenian Companies Act (ZGD-1), are available, from the day of the general meeting notice to the day of the general meeting, in the Company's secretaries office at the Company's registered office in Ljubljana, Dunajska 56, every business day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si), on the AJPES website (www.ajpes.si) and on the Company's official website (www.sava-re.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 30th general meeting was printed in the Monday's issue (20 April 2015) of the daily newspaper Delo.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 30th general meeting of shareholders
Explanations to the agenda items
Annual Report 2014 with the Auditor's report and report of the Supervisory Board
Resolutions of the 29th General Meeting of Shareholders
Resolutions of the 29th General Meeting of Shareholders of Sava Reinsurance Company
29th General Meeting
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of the Company hereby calls the 29th regular general meeting of shareholders,
to be held on Tuesday, 1 July 2014, at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations, the annual report of the Sava Re Group and Pozavarovalnica Sava d.d. 2013, the report of the supervisory board, the corporate governance statement, and other materials pursuant to Article 297a of the Slovenian Companies Act (ZGD-1), are available, from the day of the general meeting notice to the day of the general meeting, in the Company's secretaries office at the Company's registered office in Ljubljana, Dunajska 56, every business day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si), on the AJPES website (www.ajpes.si) and on the Company's official website (www.sava-re.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 29th general meeting was printed in the Friday's issue (30 May 2014) of the daily newspaper Delo.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 29th general meeting of shareholders
Explanations to the agenda items
Annual Report 2013 with the Auditor's report and report of the Supervisory Board
Resolutions of the 28th General Meeting of Shareholders
28th General Meeting
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the management board of the Company hereby calls the 28th regular general meeting of shareholders,
to be held on Wednesday, 23 April 2014, at 13:00 in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The general meeting materials, including proposed resolutions with explanations and the management board's report on the substantiated reasons for exclusion of shareholder's pre-emptive rights when disposing of treasury shares, will be available in the Company's secretaries office from the day of the general meeting notice to the day of the general meeting every working day between 9:00 and 15:00, and online through the SEO-net electronic information system of the Ljubljana Stock Exchange (www.ljse.si), on the AJPES website (www.ajpes.si) and on the Company's official website (www.sava-re.si).
Pursuant to the Company's articles of association and the Slovenian Companies Act ZGD-1, the notice of the 28th general meeting was published also in the Friday's issue (21 March 2014) of the daily newspaper Delo.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 28th general meeting of shareholders
Explanations to the agenda items
Report of the management board on the substantiated reasons for full exclusion of pre-emptive rights
27th General Meeting
Announcement of Notice of 27th General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of the Company hereby calls the 27th Regular General Meeting of Shareholders,
to be held on Friday, 12 July 2013, at 13:00 hrs in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The General Meeting materials including resolution proposals with explanations, the annual report of the Sava Re Group and Sava Reinsurance Company for 2012, the report of the Supervisory Board thereto, statement of compliance and other materials pursuant to Article 297a, paragraph 2 of the Slovenian Companies Act ZGD-1 are available, from the day of the General Meeting notice to the day of the General Meeting, in the Company secretaries office every working day between 9:00 and 15:00 hrs, and online from the Company's official website www.sava-re.si and through the SEO-net electronic information system (www.ljse.si).
Pursuant to the Company's Articles of Association, the notice of the 27th General Meeting of Sava Reinsurance Company is published in today's issue (10 June 2013) of the daily newspaper Delo.
This announcement will also be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
The Management Board
Notice of 27th General Meeting of Shareholders
Annual report 2012 including auditor's opinion and report of the Supervisory Board
Sava Re Group Internal Audit Annual Report 2012 including opinion of the Supervisory Board
Notice on 27th General Meeting Resolutions
Pursuant to the Rules of the Ljubljana Stock Exchange, d.d., Ljubljana and applicable legislation, Pozavarovalnica Sava, d.d., Ljubljana ("Sava Reinsurance Company") hereby announces the resolutions passed by the 27th General Meeting held on 12 July 2013, starting at 13:00 at the Horus Hall of Austria Trend Hotel Ljubljana, Dunajska cesta 154, SI-1000 Ljubljana.
Adopted resolutions
Please see the attached document.
Challenging actions
No challenging actions were announced in the General Meeting.
26th Regular General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of the Company hereby calls the 26th Regular General Meeting of Shareholders, to be held on Friday, 11 January 2013, at 13:00 hrs in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The General Meeting materials including proposals for resolutions with explanations, the Unaudited Financial Report of the Sava Re Group and Sava Reinsurance Company for the Nine Months to 30 September 2012 and other materials pursuant to Article 297, paragraph 2 of the Companies Act (ZGD-1) are available, from the day of the General Meeting notice to the day of the General Meeting, in the Company secretaries office every working day between 9:00 and 15:00 hrs. The notice of General Meeting, explanations of proposals for resolutions and other materials are also available on the Company's official website and via the Ljubljana Stock Exchange SEOnet information system. Information pursuant to Article 296, paragraph 3 of the ZGD-1 and detailed information on the rights of shareholders relating to the placing of items on the agenda, making counter proposals to resolutions, making voting proposals and relating to the rights of shareholders to be informed (Articles 300 (1), 301 and 305 of the ZGD-1) is published on the Company's website.
Pursuant to the Company's Articles of Association, the notice of the 26th General Meeting is printed in the daily newspaper Delo on Thursday, 29 November 2012.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Explanations to the GM Resolutions
Unaudited Financial Report of the Sava Re Group and Sava Reinsurance Company 1-9 2012
26th General Meeting Resolutions
26th General Meeting Resolutions
Counter-Proposlas to General Meeting Resolutions
25th Regular General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of the Company hereby calls the 25th Regular General Meeting of Shareholders, to be held on Monday, 28 May 2011, at 13:00 hrs in the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
The General Meeting materials including proposals for resolutions with explanations, the Annual Report of the Sava Re Group and Sava Reinsurance Company for 2011, the Report of the Supervisory Board, Statement of Compliance and other materials pursuant to Article 297 of the Companies Act (ZGD-1) are available, from the day of the General Meeting notice to the day of the General Meeting, in the Company secretaries office every working day between 9:00 and 15:00 hrs. The notice of General Meeting, explanations of proposals for resolutions and other materials are also available on the Company's official website and via the Ljubljana Stock Exchange SEOnet information system. Information pursuant to Article 296, paragraph 3 of the ZGD-1 and detailed information on the rights of shareholders relating to placing items on the agenda, making counter proposals to resolutions, making voting proposals and relating to the rights of shareholders to be informed (Articles 300 (1), 301 and 305 of the ZGD-1) is published on the Company's website.
Pursuant to the Company's Articles of Association, the notice of the 25th General Meeting is printed in today's issue (Thursday, 26 April 2012) of the daily newspaper Delo.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 25th General Meeting
Explanations to the agenda items
24th Regular General Meeting of Shareholders
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of Sava Re d.d. hereby calls the 24th Regular General Meeting of Shareholders to be held
on Wednesday, 29 June 2011, at 13:00 hrs at the Horus Hall of the Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana, Slovenia.
The General Meeting materials are available, from the day of the General Meeting notice to the day of the General Meeting, in the Company office every working day between 9:00 and 15:00 hrs, and online from the Company's official website www.sava-re.si and through the SEO-net electronic information system (www.ljse.si). These materials include proposals for resolutions with explanations, the wording of the amendments to the Articles of Associations with explanations, the consolidated text of the Articles of Association, the Annual Report of the Sava Re Group and Sava Reinsurance Company for 2010, the Report of the Supervisory Board, Statement of Compliance and other materials pursuant to Article 297, paragraph 2 of the Companies Act ZGD-1.
Pursuant to the Company's Articles of Association, the notice of the 24rd General Meeting is printed in today's issue (27 May 2011) of the daily newspaper Delo.
This announcement will be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
Notice of 24th General Meeting
Explanations to the agenda items
Annual Report 2010 with the Auditor's report and report of the Supervisory Board
Announcement of 24th General Meeting Resolutions
Pursuant to the Rules of the Ljubljana Stock Exchange, Ljubljana and applicable legislation, Sava Reinsurance Company, Ljubljana hereby announces the resolutions passed by the 24th General Meeting held on 29 June 2011, starting at 13:00 hrs at the Horus hall of Austria Trend Hotel Ljubljana, Dunajska cesta 154, 1000 Ljubljana.
Adopted resolutions
Please see the attached document.
Challenging actions
No challenging actions were announced in the General Meeting.
Announcement of Notice of General Meeting
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of Sava Re d.d. hereby calls the 23rd Regular General Meeting of Shareholders to be held on Wednesday, 30 June 2010, at 10:00 hrs, at the conference hall on the ground floor of the TR3 building, Trg republike 3, 1000 Ljubljana, Slovenia.
The General Meeting materials are available, from the day of the General Meeting notice to the day of the General Meeting, in the Company secretary's office every working day between 9:00 and 15:00 hrs, and online from the Company's official website www.sava-re.si and through the SEO-net electronic information system (www.ljse.si). These materials include proposals for resolutions with explanations, the wording of the amendments to the Articles of Associations with explanations, the consolidated text of the Articles of Association, the Annual Report of Sava Reinsurance Company and the Sava Re Group for 2009, the Report of the Supervisory Board, Statement of Compliance and other materials pursuant to Article 297, paragraph 2 of the Companies Act ZGD-1.
Pursuant to the Company's Articles of Association, the notice of the 23rd General Meeting is printed in today's issue (28 May 2010) of the daily newspaper Delo.
This announcement will also be available on the Company’s website at www.sava-re.si, at least five years from the date of the announcement.
The Management Board
Proposed consolidated wording of the Rules of Procedure of the General Meeting
Proposed consolidated wording of Articles of Association
Annual report on internal auditing 2009 including opinion of the Supervisory Board
Notice on 23rd General Meeting Resolutions
Pursuant to the Rules of the Ljubljana Stock Exchange, Ljubljana and relevant legislation, Sava Reinsurance Company, Ljubljana hereby publishes the resolutions of the 23rd General Meeting, held on 30 June 2010, starting at 10:00 hrs, at the conference hall on the ground floor of the TR3 office building, Trg republike 3, 1000 Ljubljana.
Adopted resolutions
Please see attached document.
This announcement on adopted resolutions will also be available on the Company’s website www.sava-re., at least five years from the date of the announcement.
Challenging actions
No challenging actions were announced in the meeting.
22nd General Meeting Resolutions
2009-07-03 General Meeting Resolutions
Counter-proposals to GM resolutions
Monday, 08 June 2009
Based on Articles 298 and 300 of the Slovenian Companies Act (Zakona o gospodarskih družbah, Official Gazette of the Republic of Slovenia, no. 42/06, as amended in ZGD-1), the Management Board of Pozavarovalnica Sava d.d. advises all interested parties that a counter-proposal was made to point 4 of the agenda of the 22nd General Meeting of Shareholders ("Election of Supervisory Board Members") jointly by Slovenska odškodninska družba, d.d., Mala ulica 5, Ljubljana, Nova kreditna banka Maribor, d.d., Ulica Vita Kraigherja 4, Maribor and Kapitalska družba pokojninskega in invalidskega zavarovanja, d.d., Dunajska 119, Ljubljana on behalf and for the account of the funds under their management (ZVPSJU, SODPZ, KVPS, PPS and KSPPS), who jointly represent 38,44% of the share capital.
The content of the counter-proposal is as follows.
4. Election of Supervisory Board Members
Proposal of resolution
The following individuals are elected Supervisory Board Members (Shareholder representatives) for a 4-year term of office: Simon Hvalec, Mateja Lovšin Herič, Branko Tomažič and Mag. Mateja Treven.
The elected Supervisory Board Members shall begin their terms of office on 14 July 2009.
The text of the counter-proposal will be available, from 8 June 2009 to the date of the General Meeting, in the Company secretary’s office every working day between 9 and 12 hrs, on the Company's official website www.sava-re.si and via the SEOnet (www.ljse.si) information system.
The counter-proposal to point 4 of the agenda of the 22nd General Meeting will be published in the daily newspaper DELO on Monday, 8 June 2009.
Announcement of Notice of 22nd General Meeting
Friday, 29 May 2009.
Pursuant to the rules of the Ljubljana Stock Exchange and applicable regulations, the Management Board of Sava Re d.d. hereby convenes the 22nd Regular General Meeting of Shareholders to be held on Friday, 3 July 2009, at 13:00 hrs, at the conference hall on the ground floor of the TR3 building, Trg republike 3, 1000 Ljubljana, Slovenia.
The report of the Supervisory Board, the audited annual report of Sava Re d.d. and the Sava Re Group for 2008, proposals of resolutions with substantiations, i.e. materials for the AGM are available in the Company secretariat on each work day between 9:00 and 12:00 hrs as from the date of notice to the date of the AGM, and on the Company's official web site www.sava-re.si and through the SEOnet electronic information system (www.ljse.si).
Pursuant to the Company Articles of Association and the Companies Act, the notice of the 22nd AGM of Sava Re d.d. is published in the daily newspaper DELO on Friday, 29 May 2009.
The Management Board and the Supervisory Board
Notice of 22nd Annual General Meeting
Substantiations to the agenda items of the 22nd AGM
Annual report 2008 including the auditors' opinion and report of the Supervisory Board
Annual report on internal auditing 2008 including opinion of the Supervisory Board
Proposal of clean copy of Company Articles of Association
Proposal of rules of procedure for the shareholders meeting
Registration Form and Proxy Form for Participation in the 22nd General Meeting
General Meeting, Thursday 10 July 2008 and Resolutions of the 21st General Meeting of Shareholders
Date: Thursday, 10 July 2008, at 11.00 hrs.
Place: TR3 office building, Trg republike 3, 1000 Ljubljana (conference room, ground floor).
Attendance of the General Meeting:
The General Meeting may be attended by shareholders, their proxies or legal representatives. The proxy must be issued in writing and must be deposited at the Company's registered office throughout the period of its validity. The proxy form for exercising voting rights is available in hard copy at the registered office and in soft copy at the Company's official web site at www.sava-re.si.
Only those shareholders, proxies and legal representatives who have registered in writing for the General Meeting in the secretariat of the Company at least three days prior to the meeting and are listed in the central register of the Central Securities Clearing Corporation on the last day of registration, shall be entitled to participate in the Meeting and exercise their voting rights.
Half an hour prior to the beginning of the Meeting, participants will be asked to confirm their attendance by their signature and will receive voting materials.
Exercising voting rights
Each share entitles its holder to one vote.
General Meeting, Monday, 14 April 2008 and Resolutions of the 20th General Meeting of Shareholders
Date: Monday, 14 April 2008, at 11.00 hrs.
Place: Company's registered office in Ljubljana, Dunajska 56 (large conference hall, 9th floor, entrance from Dunajska 58).
Attendance of the General Meeting:
The General Meeting may be attended by shareholders, their proxies or legal representatives. The proxy must be issued in writing and must be deposited at the Company's registered office stating name and surname or company name and registered office of principal and name and surname or company name and registered office of proxy.
Only those shareholders, proxies and legal representatives who have registered in writing for the General Meeting in the secretariat of the Company at least three days prior to the meeting and are listed in the central register of the Central Securities Clearing Corporation on the last day of registration, shall be entitled to participate in the Meeting and exercise their voting rights.
Exercising voting rights
Voting is in person; each share entitles its holder to one vote.
General Meeting, Wednesday, 8 August 2007
Date: Wednesday, 8 August 2007, at 11.00 hrs.
Place: Company's registered office in Ljubljana, Dunajska 56 (large conference hall, 9th floor, entrance from Dunajska 58).
Attendance of the General Meeting:
The General Meeting may be attended by shareholders, their proxies or legal representatives. The proxy must be issued in writing and must be deposited at the Company's registered office stating name and surname or company name and registered office of principal and name and surname or company name and registered office of proxy.
Only those shareholders, proxies and legal representatives who have registered in writing for the General Meeting in the secretariat of the Company at least three days prior to the meeting and are listed in the central register of the Central Securities Clearing Corporation on the last day of registration, shall be entitled to participate in the Meeting and exercise their voting rights.<
Exercising voting rights
Voting is in person; each share entitles its holder to one vote.