APS Bank Plc

AGM Information • May 10, 2024

Annual General Meeting Held

10 May 2024 APSB65

APS Bank plc (the "Company") announces that its Annual General Meeting was held on Thursday, 9 May 2024 at The Westin Dragonara Resort, St Julian's. The following Resolutions published in Company Announcement APSB62 dated 18 April 2024, were approved by the Members as proposed:

ORDINARY BUSINESS - ORDINARY RESOLUTIONS

• 1. That the audited financial statements for the financial year ended 31 December 2023, 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 €0.022 per ordinary share, totalling €8,500,000 (which amounts to a final net dividend of €0.015 per ordinary share, or €5,500,000), for the year ended 31 December 2023, 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 2025, 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 €700,000.

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.
• 1. That the Board be authorised to undertake a Rights Issue and be granted authority to issue Shares for the purpose of undertaking the said Rights Issue.

SPECIAL BUSINESS – EXTRAORDINARY RESOLUTIONS

• 1. That the Board 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 Board be delegated to issue debt securities.
• 1. That the Company's Memorandum and Articles of Association be amended as proposed.

A separate announcement will follow on the Resolution about the 'Appointment of Directors'.

Unquote

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