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Belgrade – The decision to replace the existing members and appoint new members of the Komercijalna Banka Board of Directors was adopted at the Bank’s Assembly on December 11, 2020 and is conditional in nature.
Source: B92, Tanjug
Photo: Depositphotos / okuka67
This decision is one of the necessary preconditions to conclude the transaction, which are defined and specified in the Purchase Agreement of 83.23 percent of the ordinary shares of Komercijalna Banka entered into between the Republic of Serbia and Nova Ljubljanska banka dd Ljubljana, the Finance Ministry told B92.net.
Standard international practice when it comes to taking over the property of legal entities implies that the new owner is enabled to assume the formal management of the legal entity at the time of acquiring majority ownership of it, recalls the ministry.
“When all the mandatory conditions defined by the Agreement for the conclusion of the transaction are met, which are the permits of all the regulatory bodies of the country and abroad (central banks and competition authorities), the purchase price and the ownership of the shares in the Central Securities Depository to the new owner.Only when NLB banka of Slovenia legally and formally becomes a majority shareholder of the bank, does the aforementioned conditional decision on the dismissal of existing members come into force and the appointment of new members of the Board of Directors, the new owner will obtain formal control over the bank and its operations Ministry of Finance.
Previously, it was announced on the website of the Belgrade Stock Exchange that the Board of Directors of Komercijalna Banka was replaced at the extraordinary session of the General Meeting of Shareholders of Komercijalna Banka, and new members were appointed.
The current president of the Board of Directors, Marija Soki, the president of the Bank’s Board of Directors, as well as members Daniel Panti, Dejan Hadi, Katarina ui, Goran Kneevic and Zoran Jovi, have been relieved of their functions.
The new chairman of the board is Aribald Kremser, and the members are Bla Brodnjak, Ursula Kovai, Igor Zalar, Marko Jeri, Vesna Vodopivec, Nenad Filipovi, Guy Riard Steel Stevens and Dragan Uriin, it was posted on the Komercijalna banka website.
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