Íslandsbanki's Annual General Meeting (AGM) was held today, Thursday 21 March 2024, in the Ballroom at the Reykjavik Edition hotel, Austurbakki 2, 101 Reykjavík. Electronic participation was available.
The meeting agenda included conventional AGM matters whereas Linda Jónsdóttir, the Chairman of the Board of Directors, presented the report of the Board of Directors and Jón Guðni Ómarsson, CEO, presented the Bank's annual financial statements for 2023 and discussed the main aspects of the Bank's operations in 2023. The Bank's annual financial statements and a proposal to pay a dividend of ISK 12,3 billion, amounting to ISK 6.26 per share, were approved. The meeting decided that KPMG ehf. would serve as the Bank's auditor.
The Board of Directors and alternates were elected by acclamation.
The Board of Directors is now represented by the following seven Board members:
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Valgerður Hrund Skúladóttir
Linda Jónsdóttir was re-elected as the Chairman of the Board of Directors.
The Board of Directors is now presented by the following alternates:
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Páll Grétar Steingrímsson
The Board of Directors' proposal on the remuneration to the Board of Directors and remuneration to the members of the Board's sub-committees was approved by the AGM as well as the proposals to amend the Bank's Remuneration Policy and the Bank's Nomination Committees' Rules of Procedure. Moreover, the Board of Directors' proposal to amend the Articles of Association, reflecting article 53 of the Act on Financial Undertakings no. 161/2002 regarding the appointment and responsibilities of the Nomination Committee and to honour the shareholders call for the Nomination Committee to be elected by the Shareholder Meeting.
The AGM approved the Board of Directors proposal on the authorisation to acquire on behalf of the Bank up to 10% of issued share capital of the Bank. The authorisation shall be used to set up a formal share repurchase program or for the purpose of offering shareholders generally to sell their shares to the Bank e.g., through auction where equal treatment of shareholders is ensured.
The AGM also decided on remuneration to the members of the Nomination Committee. The members of the Nomination Committee and alternates were elected by acclamation. The Nomination Committee is now represented by the following two committee members:
The alternate committee member of the Nomination Committee is Anna Rut Þráinsdóttir.
The AGM elected Páll Grétar Steingrímsson as an external committee member in the Bank's Audit Committee.
The attached document details the results of the meeting further.
For further information please contact:
Investor Relations - Bjarney Anna Bjarnadóttir, ir@islandsbanki.is
Public Relations - Edda Hermannsdóttir, pr@islandsbanki.is
ÍSLANDSBANKI HF. 
