APS Bank Plc

AGM Information • May 17, 2023

Annual General Meeting 2023 Held

17 May 2023 APSB46

APS Bank plc announces that its Annual General Meeting was held on Tuesday, 16 May 2023 at The Hilton Malta, Vjal Portomaso, St Julian's. All proposed Resolutions as published in Company Announcement APSB44 dated 25 April 2023, were approved by the Members:

ORDINARY BUSINESS - ORDINARY RESOLUTIONS

• 1. That the audited financial statements for the financial year ended 31 December 2022, together with the report of the directors and the report of the auditors thereon be received and approved.
• 1. That a gross final dividend of €9,846,153 be declared, representing a gross dividend of 2.68 euro cents per ordinary share (which amounts to a net final dividend of €6,400,000 representing a net dividend of 1.74 euro cents net per ordinary share), for the year ended 31 December 2022, which dividend shall be paid (i) either in cash or (ii) in scrip by the issue of new shares, in each case at the option of each individual Member.
• 1. That 'Deloitte Audit Limited' be reappointed as the Company's auditors until the end of the annual general meeting to be held in 2024, and their remuneration be fixed by the Board.
• 1. That the maximum aggregate emoluments that may be paid to the directors of the Company in any financial year shall be fixed at €450,000.

SPECIAL BUSINESS – ORDINARY RESOLUTIONS

• 1. That the remuneration policy as set out in the Circular be hereby received and approved.
• 1. That the remuneration report in terms of Chapter 12 of the Capital Markets Rules be hereby received and approved.

SPECIAL BUSINESS – EXTRAORDINARY RESOLUTIONS

1. That the Directors be authorised to issue shares limitedly for the purpose of implementing a decision to pay a scrip dividend, and to affect a capitalisation of profits.

1. That the directors be authorised to issue debt securities up to €150,000,000 in nominal value of bonds, debentures or other debt securities, and to apply for such bonds, debentures or other debt securities to be admitted to listing and/or trading on the Official List of the Malta Stock Exchange and/or any other Regulated Market.

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Graziella Bray B.A., LL.D, FCG Company Secretary