General Shareholders Meeting

The General Shareholders Meeting is the supreme body of the Bank and makes decisions on the key issues of the Bank activity. Exclusive competence of the General Shareholders Meeting includes decision-making on determination of the Bank’s key business lines, amendments to the Bank’s Articles of Association, changing the type of the Bank as a joint-stock company, changing the amount of the authorized capital, on the issues of placement and circulation of the Bank shares, and on approving the Regulations on the General Shareholders Meeting, the Supervisory Board, the Management Board and the Audit Commission, approving the Bank’s Annual Report and the procedure for distribution of the Bank profits and losses etc.

You may download the Regulation on General Shareholders Meeting for reviewing in both English and Ukrainian.

Below is a brief summary of decisions made by the General Shareholders Meetings in 2010 and 2011.

October 21, 2011
The Extraordinary General Shareholders Meeting of PJSC “FUIB” approved amendments to the Bank’s Articles of Association due to the Bank’s succession to all rights and obligations of PJSC “Dongorbank” and increase of the Bank’s share capital. Also, the General Shareholders Meeting reapproved the current composition of the Supervisory Board, the Audit Committee and the Management Board of PJSC “FUIB” as a successor to PJSC “Dongorbank”.

July 15-16, 2011
An extraordinary General Shareholders Meeting approved a consolidated balance sheet of FUIB as a successor and a transfer deed in connection with reorganisation of Dongorbank by way of accession by FUIB. The Meeting also approved an increase of the share capital and issue of additional shares of FUIB in the amount of registered capital of Dongorbank. The Meeting also adopted procedures and conditions for the exchange of FUIB shares for Dongorbank shares.

April 20, 2011
The Annual General Shareholders Meeting approved the distribution of FUIB’s profit for year 2010. A decision of the meeting directed that 95 per cent of FUIB profit was to be used for covering FUIB losses in the previous years, and other 5 per cent is to be transferred to the Reserve Fund. The Meeting also approved Natalia Izosimova, Managing Director of the Foundation for Effective Governance, as a new member of the Supervisory Board of FUIB.

December 13, 2010
According to the decision made at the extraordinary General Shareholders Meeting the Supervisory Board’s composition was left unchanged.

November 10, 2010
An extraordinary General Shareholders Meeting approved the decision on merging PJSC Dongorbank and PJSC FUIB resulting in FUIB becoming the legal successor of PJSC Dongorbank as regards all its rights and obligations under the Deed of Assignment. In addition other decisions were made as follows: the Agreement for merging Dongorbank with FUIB and the Reorganization Plan was approved, a Reorganization Commission was established, and the timeline for Dongorbank reorganization by means of its merger with FUIB was set. Members of the Management Board, the Supervisory Board and the Audit Commission to serve following the merger were appointed.

April 22, 2010
The Annual General Shareholders Meeting approved the Bank Annual Report 2009, the Audit Commission Opinion, the external auditor’s opinion on the Annual Report; considered the reports of the Audit Commission, Supervisory Board and Bank Management Board on the Bank performance in 2009, made decision to cover the Bank losses in 2009, approved the Regulation on the General Shareholders Meeting and the new wording of the Regulation on the Bank Management Board, made a decision to change the membership of the Audit Commission and the Supervisory Board.