Due to the COVID-19 pandemic and in order to ensure the health and safety of the Company’s shareholders, employees and other stakeholders, the Company’s Board of Directors has resolved on extraordinary meeting procedures pursuant to the temporary legislation (677/2020) which entered into force on 3 October 2020. Therefore, it is not possible to attend the meeting in person.
What is the purpose of the temporary legislation?
The purpose of the temporary legislation is to ensure and safeguard smooth and safe decision-making in corporations in the light of the COVID-19 pandemic to ensure the health and safety of shareholders, stakeholders and society at large.
Can I attend the AGM in person?
No, the AGM will be arranged without physical attendance due to the COVID-19 pandemic.
Can I still exercise my rights as a shareholder?
Shareholders and their proxy representatives can only participate in the Annual General Meeting and exercise shareholders’ rights by voting in advance and by making counterproposals and asking questions in advance.
How do I follow the AGM?
It is not possible to attend the meeting in person. However, Nordea will arrange a separate webcast for its shareholders after the Annual General Meeting on Wednesday 24 March 2021 at 16.00 EET where the shareholders will be able to follow the presentations of the Chair of the Board of Directors as well as the President and Group CEO and where the resolutions made at the Annual General Meeting will be presented. Shareholders will also have the opportunity to ask questions on topics related to the Annual General Meeting from senior management. The webcast will not be part of the Annual General Meeting.
How and when can I vote?
You can vote in advance. Advance voting will commence on 3 March 2021 and end on 16 March 2021 at 23:59 EET. Further instructions on advance voting will be available on this website before the voting period commences.
Can I ask questions in advance?
As of 15 March 20201 Nordea will publish the questions received in advance of the meeting and the management’s and the Board of Directors’ responses to the questions on this website.
Can I make counterproposals?
Shareholders representing at least 1/100 of all outstanding shares in Nordea have the right to make counterproposals, to be taken into account in the voting, concerning the matters on the agenda of the Annual General Meeting. In connection with the counterproposal shareholders must present a statement of their shareholding of Nordea. The counterproposal is admissible for consideration at the Annual General Meeting if the shareholders who have made the counterproposal have the right to attend the meeting and on the record date (12 March 2021) of the Annual General Meeting represent at least 1/100 of all outstanding shares in Nordea. Votes casted for non-admissible counterproposals will not be recorded at the meeting.
How and when will the counterproposals be published?
Nordea will publish the counterproposals eligible for voting on this website on 3 March 2021, at the latest, and the counterproposals not eligible for voting as of 15 March 2021.
When will dividends be paid?
The Board of Directors proposes that the Annual General Meeting authorises the Board of Directors to decide on a dividend payment, in one or several instalments, of a maximum of EUR 0.72 per share based on the balance sheet to be adopted for the financial year ended 31 December 2020.
On 15 December 2020, the European Central Bank (ECB) extended its recommendation to banks to refrain from or limit dividends until the end of September 2021. The Board of Directors has decided to follow the ECB recommendation and will refrain from deciding on a dividend payment based on the proposed authorisation before 1 October 2021, unless the ECB updates or revokes its recommendation.
Nordea will publish any possible decisions on dividend payment by the Board of Directors separately, and simultaneously confirm the dividend record and payment dates.
How long would the dividend authorisation for the Board of Directors remain in force?
The authorisation would remain in force and effect until the beginning of the Annual General Meeting of the Company in 2022.
Where can I find more information regarding the changes in withholding taxation of dividends?
Click here for information regarding legislative change in Finland.