The decision to hold the general assembly of shareholders of Victoriabank on February 6 was taken in breach of the procedures, said a group of shareholders who consider that the assembly must be convened according to the regulations, on February 28. The shareholders stated that if the bank’s administration does not agree with the decisions that will be taken at the assembly called illegally, it will have reasons to challenge them in court.
The company “Asito” holds 5% of the bank’s shares, which were purchased on the Stock Exchange. In a news conference at IPN, representatives of the company said the request to convene the general assembly and the agenda that includes the election of the bank’s new administration were filed to the institution’s chancellery last year. The decision of the bank’s Board of Directors to hold the general assembly of shareholders on February 6 was published in the Official Gazette on December 31.
“Asito” senior jurist Angela Maxim said the company is not against this decision, but, according to the legal provisions, the extraordinary general assembly of shareholders can be convened by the Board of Directors only if there is a decision that the Administration Board cannot come together. As there is no such decision, the procedure was violated.
Angela Maxim also said that the courts of law ruled in favor of the administration of Victoriabank, upholding the decision to hold the assembly on February 6. “They examined the case in two days. We fear that if the current administration challenges in court the fact that the date was changed, the decision may be restored and the shareholders’ appeal will be examined during many years,” she stated.
“Asito” published in a number of media outlets the announcement that the extraordinary general assembly of shareholders of Victoriabank will take place on February 28.
