Bank of Åland Plc

Notice to convene the Annual General Meeting

Bank of Åland Plc
Notice to convene general meeting
February 21, 2024, 17.30 EET.

Notice to convene the Annual General Meeting

Notice is hereby given to the shareholders of the Bank of Åland Plc (Ålandsbanken Abp) of the Annual General Meeting (AGM) to be held at 3.00 p.m. Finnish time (15.00 EET) on Tuesday, March 26, 2024 at the Alandica Kultur & Kongress auditorium, Strandgatan 33, Mariehamn, Åland, Finland.

The reception of persons who have registered to participate in the Meeting and the distribution of voting tickets will commence at 2.00 p.m. on the above date.

A. Matters on the agenda of the Annual General Meeting

The following matters will be dealt with at the Meeting:

1. Opening of the Meeting
2. Calling the Meeting to order
3. Election of persons to check the minutes and to supervise the counting of votes
4. Verification of the legality of the Meeting
5. Verification of attendance at the Meeting and adoption of the voting list
6. Presentation of the financial statements, the Report of the Directors and the Auditors’ Report for 2023

Managing Director’s review.

7. Adoption of the financial statements

8. Decision on allocation of the profit shown in the balance sheet and dividend distribution

The Board of Directors proposes that a dividend of EUR 2.40 per share plus an extra dividend of EUR 0.25 per share shall be paid for the financial year January 1 – December 31, 2023, that the record date for dividend payment shall be Thursday, March 28, 2024 and that the payment date shall be Monday, April 8, 2024.

9. Decision on granting discharge from liability to the members of the Board of Directors and the Managing Director for the financial year January 1 – December 31, 2023

10. Presentation and adoption of the compensation report

11. Presentation and adoption of the compensation policy

The Compensation Policy will be available in Swedish on the Bank’s website at www.alandsbanken.fi/bolagsstamma no later than March 5, 2024.

12. Decision on the number of members on the Board of Directors

It is proposed that the number of Board members shall be set at seven.

13. Decision on fees for the members of the Board

The Board of Directors proposes that the annual fee for its Chairman shall be raised from EUR 35,000 to EUR 37,000, for its Deputy Chairman from EUR 30,000 to EUR 31,500 and for each other Board member from EUR 28,000 to EUR 29,000. The Board also proposes that the fee per meeting attended for the Chairman (EUR 1,000) and for each other Board member (EUR 750) shall be unchanged.