General Meeting of Shareholders 2010
During the annual General Meeting of Shareholders of Nederlandse Waterschapsbank N.V. ("NWB Bank") held in The Hague on 22 April 2010, the shareholders adopted the 2009 financial statements and approved the proposed dividend payment of EUR 678.08 per share. This brings the total dividend payment to EUR 40 million (2008: EUR 40 million), which corresponds to 70% of the profit for the year of EUR 57 million.
The shareholders discharged the members of the Managing Board and the Supervisory Board from liability for their management and supervision, respectively, in 2009.
Furthermore, the shareholders agreed to the Supervisory Board's recommendation to appoint Professor J.J.M. Jansen and to reappoint Professor R.G.C. van den Brink as Supervisory Board members of the company. Professor Jansen will succeed
Mr J.C.K.W. Bartel, who retired on serving his maximum term of office. Professor Van den Brink has been a member of the Supervisory Board since 2002 and its Chairman since 2004.
The shareholders approved the changes proposed in respect of the remuneration policy, resulting in a maximum salary of EUR 280,000 (including fixed and variable remuneration) for the Chairman of the Managing Board and a maximum of 85% of said amount for the other Managing Board members. The changes apply retroactively to 1 January 2010 to Managing Board members appointed as from that date.
The Managing Board
The Hague, the Netherlands
23 April 2010
Information for the media may be obtained from:
Ms Heleen van Rooijen, General Counsel
Tel. +31 (070) 416 6206
Email: persinfo@nwbbank.com
NWB Bank’s principal objective is to provide funding to the public sector in the Netherlands as efficiently as possible and at the lowest possible cost. Thanks to its solid status and financial expertise, the Bank is in a position to raise more than sufficient funds at favourable terms on the international financial markets. Complementing this is the extremely low overhead structure of NWB Bank. The Bank’s aim is not to maximise profits, but rather to achieve the best possible results in keeping with its character.
