Nordea Bank Abp Announces Outcomes of Annual General Meeting and Board Decisions

Nordea Bank Abp conducted its Annual General Meeting (AGM) on March 21, 2024, at the Scandic Marina Congress Center in Helsinki, offering both in-person attendance and virtual participation options. The meeting concluded with unanimous approval of all propositions made by the Board of Directors and the Shareholders' Nomination Board. A significant resolution was the distribution of an ordinary dividend of EUR 0.92 per share, confirmed during the Board's subsequent statutory meeting.

The AGM saw robust shareholder engagement, with representation amounting to approximately 50.1% of total shares and votes. This turnout underscores the shareholders' active participation in the bank's governance. In addition to dividend discussions, the AGM facilitated the election of board members, resulting in the re-election of nine directors and the introduction of Lars Rohde as a newcomer, fortifying the board with his extensive experience in the banking sector and financial governance.

Financial statements and management accountability were thoroughly reviewed, culminating in the adoption of annual accounts and absolution of Board and management members from liability for the fiscal year ended December 31, 2023. The meeting also covered governance topics including the adoption of the Remuneration Report and Policy for governing bodies, setting the stage for strategic executive compensation aligned with shareholder interests.

Further, the AGM authorized several pivotal decisions to enhance the bank's operational flexibility. These include authorizations for share issuance and repurchase, aiming at optimizing capital structure and supporting the bank's securities trading operations. Notably, the AGM also re-elected PricewaterhouseCoopers Oy as the auditor, ensuring continuity in financial oversight.