Arion Bank Meeting Announcement

Extended Annual General Meeting

An Extended Annual General Meeting “Extended AGM” of Arion Bank hf., ID-No. 581008-0150, will be held by electronic means on 14 May 2020 at 16:00. Shareholders are asked to visit www.smartagm.com in order to receive their unique login credentials. The meeting will be conducted in Icelandic and English.

The meeting’s agenda is as follows:

       1.       A decision on payment of a dividend

            It is proposed that no dividend be paid for the fiscal year 2019 and that net earnings for 2019 be added to the Bank’s equity.

       2.       Other business

General Information:

The final agenda, meeting announcement, proposals and other documents for the Extended AGM will be available on the Bank’s website, www.arionbanki.is/gm, no later than 23 April 2020 and will be accessible at the Bank’s headquarters from the same date. An English translation of the meeting material will be accessible to shareholders at the Bank’s headquarters as well as on the Bank’s website www.arionbanki.is/gm. Should there be discrepancy between the English and the Icelandic version, the latter prevails.

Each shareholder is entitled to have a specific matter dealt with at the meeting if he/she so requests in writing or by electronic means no later than ten days prior to the Extended AGM, i.e. no later than 16:00 Icelandic time, 4 May 2020. A rationale or a draft resolution shall be enclosed with such a request. The request shall be sent to the Board of Directors by an email to [e-mail].

Each share of the Bank carries one vote except treasury shares.

Voting at the Extended AGM will be conducted by electronic means, by the use of the Lumi AGM app and Lumi AGM web solution. Shareholders are encouraged to download the Lumi AGM app to an internet enabled device, such as a mobile phone or tablet, prior to the meeting, but such devices are required for the purpose of attending the meeting. Shareholders will be able to submit questions at the meeting, using the Lumi AGM app and web solution. 

Shareholders may authorize a representative to attend the Extended AGM electronically on their behalf and vote on their behalf. Shareholders alone are responsible for what persons/parties they choose to share their login credentials with.