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2021 Annual report

Release Date: 4/28/2022 6:37:58 PM

IRIS Code: 2D125


Bucharest, April 28, 2022

Decisions of the General Shareholders Assembly of BRD - Groupe Societe Generale.

BRD’s General Ordinary and Extraordinary Shareholders Assembly took place on April 28, 2022, at BRD Tower, 1-7 Bd. Ion Mihalache, 1st district, Bucharest (1st floor, Auditorium Room). According to the convening notice, were entitled to participate and to vote the persons having the quality of shareholder on the reference date of April 12, 2022. At the OGSM meeting participated the shareholders representing 87.14 % of the share capital of the Bank, and at EGSM meeting participated the shareholders representing 87.21% of the share capital of the Bank.

The Ordinary General Shareholders Assembly approved:

-       the individual and consolidated annual financial statements, prepared according to International Financial Reporting Standards, as adopted by the European Union, for the financial year ended as at December 31, 2021, accompanied by the Annual Board of Directors’ Report at individual and consolidated level as well as by the financial auditor report,

-       the remuneration report of the management body for the financial year 2021,

-       the discharge of BRD administrators for the financial year 2021,

-       the distribution of a gross dividend of Lei 1.285 lei / share out of the distributable profit of 2021 of Lei 1,279,256,368, the dividend payment date on June 7, 2022 and the deferred payment date on November 29, 2022,

-       the income and expenditure budget for 2022 and the activity program for the financial year 2022,

-       the remuneration due to the non-executive directors for the fiscal year 2022, as well as of the general limits for the directors’ additional remunerations and the officers’ remunerations,

-       the nomination of Ernst & Young Assurance Services S.R.L., headquartered in Bucharest, Tower Center, 21nd floor, 15-17 bld Ion Mihalache, 1st district, postal code 011171, fiscal code RO11909783, as financial auditor of the Bank for the financial year 2022.

Also, the Ordinary General Shareholders Assembly approved the renewal, for a 4-years period, of the following mandates as director:

-       Mr. Francois BLOCH mandate as director, for a 4-years period, starting with June 29, 2022,

-       Mr. Giovanni Luca SOMA mandate as director, for a 4-years period, starting with October 24, 2022.

The Extraordinary General Shareholders Assembly had on its agenda and approved the modification of the Articles of incorporation of the bank according to the proposals in the annex to the convocation.

Also, the General Shareholders Assembly approved May 13, 2022, as ex date and respectively, May 16, 2022, as registration date.

The annual report containing the financial statements as of 2021 approved by the General Shareholders Assembly was sent to the Financial Supervisory Authority - Financial Instruments and Investments Department and to the Bucharest Stock Exchange, according to the financial communication calendar published in the beginning of this year and is available to public and investors on the website of the bank: Copies of the report can be obtained on demand and free of charge at BRD Groupe Societe Generale headquarters, situated in 1-7 Ion Mihalache Boulevard, 1st district, Bucharest.




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