Morning, ladies and gentlemen. Grzegorz Olszewski is my name. I am the President of the Management Board of Alior Bank. I would like to welcome you at the Annual Meeting of Shareholders of Alior Bank, and I have honor and also pleasure to open the meeting, the general meeting. Historic general meeting, because after 15 years of the Alior Bank's operations, for the first time, the management board recommended to pay out the dividend. This is always a historic moment in the company's activities. I would like to inform you that the conduct of this meeting is recorded and is transmitted online in Internet. The vote will be with the use of the specialized equipment. I would like to ask the representative Unicomp company to explain how the vote will be conducted.
Good morning, ladies and gentlemen. After signing the attendance list at the registration point, you received the tablet for vote, and all tablets are online, so they are ready for a vote during today's meeting. On the tablet, you can see two keys. One key is your data, and the other one is documents. Under this Documents key is the information which is displayed on the company's website concerning this particular general meeting. Under the Your Data key, you can check how many shares you hold during today's meeting. As for the vote itself, at the moment of ordering the vote on the tablets and also on the screen, you will have the information about the name of the vote. On the tablets, you will have three decision keys.
You choose the right decision button, and after choosing this button, on the next screen, you choose the Confirmation button, and then the tablet sends the information to the system. After counting of the votes, the result is showed on the screen and is read by the chairman. If there are any questions or any need for help, we are always in this room at your service, so please do not hesitate and ask us for any help that you might need with the vote, so that the vote is without any problems. Thank you very much for your attention. Thank you. I hope that everything is clear. We can now move to appointing the chairman of today's general meeting. I would like to ask for the candidates for the chairman of today's meeting. I...
There is one proposal, but we cannot hear this candidate, this proposal about the candidate. Are there any other candidates? No. So we have the count—the council agrees to chair this meeting. So I order the secret vote on the appointment of Łukasz Sieczka to chair today's meeting. Resolution number 1/2024 of the General, Annual General Meeting of Shareholders of Alior Bank Spółka Akcyjna, dated the 26th of April, 2024, on appointment of the Chairperson of the General Meeting of Shareholders of the Bank. I open the secret vote on this candidate. Has everyone voted? So I close the vote. Thank you. So we have the, in total, the representation of the share capital and the total number of 93,425,050 valid votes participated in the vote.
From the same number of shares, which represents 71.56% of the share capital of Alior Bank Spółka Akcyjna, and the votes for is 93,425,049, against no votes and abstentions, 1 vote. I would like to confirm that this resolution has been adopted under the secret vote. So, Mr. Counsel, do you accept your nomination? Yes, I do accept. So please, I give the floor now to the chairperson of this meeting.
Thank you very much for the appointment, for your trust. I get ready for the chairing of this meeting, and we will continue in a moment. So I would like to ask for the attendance list for today's meeting. Thank you for this list. We are still waiting for the number of the participants at today's meeting.
I am signing the attendance list now. So, this list is on my desk, so anyone who wants to check it and see it can come to my desk and review this list. And I would like to say that the notice of calling this meeting was displayed on the company's website on the seventh of March, 2024, and also was announced in form of the report 9/2024 in the link Investor R elations. In accordance with Article 108 of the Commercial Companies Code, this general meeting of shareholders is valid, no matter how big representation is at the meeting, and there are no any specific regulations for that.
So the draft resolutions that are on the proposed on the agenda for today's meeting were published on the company's website of the company at the company's corporate address, and also in the form of the appendix to the report 9/2024 that was given for the public attention in March 2024. The draft resolutions, which are to be debated, are available on the tablets that were given to the shareholders and the shareholders' proxies, and also when the shareholders registered for today's general meeting of shareholders.
And since the full content of the resolutions was given to the shareholders, I propose not to read the full content of these resolutions, but if there are any doubts regarding the content of the resolutions that are put under the votes, so could you please tell me? And are there any objections to this way of proceeding? No, I can't see any objections. Therefore, I would like to inform you that in accordance with... Yes, we have one comment. Yes, of course, I will read the title of the resolution so that you know which resolution is at a given moment voted on, but if the content of the resolution raises any doubts, please inform me about it.
In accordance with Article 411 of the Commercial Companies Code and in accordance with the bank's statute, the shareholders can vote differently from each share. For example, with some shares we can vote for yes, and with the other portion of shares, we can vote for no. So if there are any doubts about how to exercise the voting right, of course, you can ask our company handling our voting system. Do we have the attendance number, how many attendees we have at the meeting? Thank you very much. So at today's meeting, we have 130, over 130 million, sorry.
Thirty-nine ty-three million, over 93 million shares represented with the same number of votes, which represent 71.56% of the share capital, and the total number of shares in the company, 130 million, five hundred and fifty-three thousand, nine hundred and ninety-one. Therefore, today's General Meeting of Shareholders, and, with reference also to the legal provisions and to the bank's statute, today's General Meeting of Shareholders is convened formally in accordance with the Commercial Companies Code, article 95, and is capable of adopting binding resolutions, is properly convened, and can adopt the binding resolutions which are stipulated on the agenda. So we move to point number 4 on the agenda, namely, adoption of the agenda for the general meeting of shareholders. I can see a motion here.
Iwona Łowicka, this is a representative of PZU S.A., so I would like to propose the change of the order of the points on the, on the debate, so that the points 11 and 12, so regarding the acknowledgment of the duties of the governing bodies of the bank, are considered after point 19, so after to accepting the changes in the governing bodies of the- Are there any other proposals? So, so referring to this motion, I propose to take resolution by the adoption of the, agenda of the content amended as compared to the agenda that was published, so that the 11 and 12 points will be debated, after point, number 19. Of course, the numbering will also be amended appropriately. So I would like to ask for 5-minute break, since we have the new draft resolution.
Are there any other motions? So if not, I announce five-minute technical break for considering the amended agenda.
[Foreign language]
I propose to put under vote the agenda in accordance with the proposal of the PZU . So it means that the points 11 and 12 on the agenda regarding the discharge of the duties of the governing bodies of the bank will be moved after point 19, regarding the changes in the composition of the Supervisory Board and before the point number 20, closure of the Annual General Meeting. Are there any doubts about the content of this resolution that we will vote on? I order the vote on this resolution. This is open vote, and could you please vote now on the adoption of the amended agenda for today's meeting? Has everyone voted? I can see that everyone has voted, and now I will read the result of the vote.
So I would like to confirm that in this vote, 93,125,050 valid votes were cast, representing 71.56% of the share capital, and for yes, 78,789,030. For abstentions, 14,636,816. There were no votes against. I would like to confirm that this resolution has been adopted. Now we will move to other points on the agenda. At this moment, I would like to propose the adoption of the resolution, which is not included in the agenda. This resolution will refer to the announcement of the adjournment of the meeting. The break will become effective in the points of the agenda.
17, it means changes in the composition of the Supervisory Board after the vote on 6 candidates who were proposed, which was mentioned in the current reports. Those candidates were proposed by PZU and Allianz, by the shareholders. And after voting on these candidates, there will be the break till the 24th of May 24 till 12:00 P.M., and we will gather in the same room as today. Are there any other motions? No, I can't see any, so I put under open vote this motion for the adjournment of the meeting to the 24th of May, 2024, at 12:00 P.M. in the company's headquarters as today. And this break will refer to point number 17 after conducting the vote on the appointment of the 6 candidates that were proposed. So this is the open vote, so could you please cast your votes?
And we need the majority of two-thirds of the votes in order to adopt this resolution. Has everyone voted? We are still waiting. I close the vote, and I will read the result of the vote now. So ladies and gentlemen, so there were 93,125,050 valid votes, representing 71.56% of the share capital, for yes 78,766,583. And there were no votes against, and abstentions, 14,659,267. So I would like to confirm that we have the votes for is 84.3%, so that this resolution was granted two-thirds majority, and therefore it was adopted. So then we continue to point number 17.
So, ladies and gentlemen, now we move to the next point on the agenda, points from five to nine, we will consider jointly. If there is any discussion or if you would like to raise any questions regarding these points on the agenda, this will be the time for asking them. But before we move to them, I would like to give the floor to the President of the Management Board, who will present the information on the company's activities.
Ladies and gentlemen, certainly you know the reports for 2023. I will briefly sum up most important aspects of the activities, of business activities of the bank. As I said, in 2023 brought a breakthrough as regards business activities of the Alior Bank. After 15 years as the management board, we decided to recommend that the first dividend be paid out from the company. We about 28% of the profit, and the rest was designed to strengthen the capital base. Briefly, looking at the market, it was a very successful year. The assets of the bank for the first time exceeded PLN 90 million, and this was much above the market rate, almost PLN 60 million, almost 6%, was involved in the... not in the bonds, but in credits.
So it showed that the bank was well prepared for the possible renounced rebound in demand that we expect to come in the next years. It was impossible to recommend this dividend unless given, but we did, because the risk of the bank decreased greatly to 8.58, the rate, the share of credits that were not working, and also the risk costs also fell. We also worked on the corporate individual client base, and this results very low cost at a level of 2.28% for 2023. And the bank strengthened its capital position, and this resulted in the S&P rated the bank higher in a difficult environment, because the banking environment, the banking community was discussing the Swiss franc loans.
Given also the war in Ukraine, the S&P increased our rating. 2023 was also a year when the bank returned to WIG20 index, and in 2023, the bank grew faster, almost by 123%. I would like to thank you for this trust that the investors gave us, and it is expressed in the value of the bank on the stock exchange. The bank has a stable situation, and the recommendation to pay out a dividend is based on very deep analysis and conviction that parts of the profit can be paid out. Of course, this depends on the macroeconomics and geopolitical situation in the future years.
But also, we are convinced that a large part of it, of the profit should be used to strengthen the position of the bank, so that the bank can have a lending action on a wide scale and to compete with strong universal banks. And this is, this is allowed by transition in the risk and technology. We are the first bank in Poland that has carried out the transition to a cloud, and also thus increase its safety and also business activity. And the work of the Management Board and Supervisory Board for 2023 allows us to believe that the prospects for further development are very promising. So I would like to thank you very much for trust in 2023. And I believe that Alior Bank will, has the best years ahead of it. Thank you very much for your attention.
Thank you, Mr. Chairman, and the documents from items 5 to 8... 5 to 9 of the agenda were published on the website of the company and are available for review on the devices. They are available to the shareholders and their proxies. I can see someone, we will get a microphone in a minute. Please introduce yourself.
I have a question. I read the letter of the president and the chair of the Supervisory Board, and I saw not a word of thanks to employees for the huge effort. I thought that today, at this meeting, I will hear Mr. President talk about past efforts. Where are the employees in all this? There is no gratification, no reward is mentioned, because it is the master, is the...
It's an effort that is really the best in the world. I would like the president to at least tell me why he can't see the employees.
Please introduce yourself.
I'm a shareholder. I open the list of questions related to the items of the agenda. Will there be any questions from the shareholders? I can't see any, so I close the list of the questions about these items on the agenda, and I would like to give the floor to Mr. President.
Thank you very much for this question. Perhaps before I answer it, I will refer to 2010, when I joined the Alior Bank team, and I also went up in the career in this bank until I took the leadership position.
As regards to the employees, we can see them, and we thank them on a current basis. And I have emphasized this in my quarterly chats, my monthly letters, in meetings that I have on a current basis, and which I have had several dozen meetings with employees, more than a hundred, also, just about the implementation of the strategy. And this was really a huge effort to make this transition of the bank. And one of the investment banks that came and told us about the transition in the Alior Bank said it was probably the largest one in Europe, if not the world. The highest, from the bank that has the highest risk scores, it started to be a model in the transition area. It was certainly due to the huge effort that is rewarded and that is reflected in several dimensions.
Last year, we opened Alior University. That allows us, on a huge scale, to improve the competencies of employees. We also devoted an additional day; it's a so-called You Day that it is important. The condition is that the employees are given this one day, but provided that they take care of the health. We are the only bank in Poland to let them enjoy this free day. When you look at the bonus indicators for last year, they are also one of some of the highest in history. Almost 90% of employees got business bonuses, meeting on a monthly basis as a total, and 72% for quarterly bonuses, and also there are employees enjoying yearly bonuses.
So we see the employees, and we try to take care of them in different fields where we can, and also as the management, and I'm sure you know, and hear from employees, we are a Management Board that is very close, is open to talks in the retail. President Litwińczuk is very often in the branches. Also, Mr. Kamiński also very often talks to the employees, or the President Tymczyszyn with the IT employees, and Tomek Miklas, who has spent his own career, whole career in the bank. So absolutely, I would like to stress again and thank the employees for their contribution. I believe that all of us feel just as much as we are employees, and we feel that it is we that have enjoyed this success. Also, with the unions, with social partners, we have meet...
I have meetings, we have a plenipotentiary, which also conducts this dialogue. So we try to listen to, to the needs of employees and to reward them for the effort to ensure that the work they do is satisfactory for them. And I'd like to say, I went back to, back to 2023, the involvement was at 33%. Systematically, the bank was then just recovering from a crisis. For 2020 to 56% involvement, in 2023, 62% involvement, and it is an external company's results. In 2022, the Financial Times carried out a survey among all the financial organizations in Europe. Alior Bank enjoyed the highest Polish position of Polish financial institutions because its open business culture was appreciated, with opportunities, possibilities to express one's opinions.
So I think we are on the right track to create an interactive workplace. Well, of course, we face our challenges, and we continue to work on them. So thank you very much to all the employees for all the contributions in 2023.
Thank you, Mr. President. I can't see any other motions, so we move to item 9A of the... And I would like to which is to approve the report of the activities of the Supervisory Board Alior Bank Spółka Akcyjna in the financial year ended 31 December 2023. And this resolution report is consistent with the current report. It is an open ballot. Who wanted to vote and voted? Just a minute. We're still waiting as the votes come in.
No more delays, and I can see 93 million, 93,045,830 votes, and 93,050,026 votes, and abstentions 372,508, and 3,376 against. And now we will move to the resolution on the review and approval of financial statements of Alior Bank for the year ended 31 December 2023, and it also consistent with the current report. All the questions were said earlier. As part of considering, we decided, and nobody protested, we decided that items from 5 to 9 will be considered jointly, and it was then that there was the time to ask questions. So now I will give this resolution to a vote. Please exercise your right to vote. Has everyone voted? We're still waiting.
I will give you the floor in a minute. Please wait. I close the vote. Please give me the results. 93,435,860 valid votes were cast, representing 71.56% of the share capital. For 93,050,026 against 300, 3,316 against, and 372,016 against. Oh, I'm sorry. In such a case, because it's a general meeting of shareholders, it's a, it's a holiday. It's an important moment of shareholders. I can see there are many attendees, because I remember meetings where there are few people are attending. But the success of this bank, there is no doubt, because the results demonstrate that it was a success, and it's, it was achieved by hard work.
Because the law provides that you can't speak too much here, so I will ask my questions to this, the general meeting, and I'll ask the president to return to ask, ask, answer my questions within 14 days. It is so good in the bank that there is a collective dispute underway. I simply deny these questions because they were tabled, submitted after discussion. So now we will have a resolution on the approval of consolidated financial statements of Alior Bank S.A. for the end of 21 December 2023. And I open an open ballot, and please exercise your right to vote. Thank you. Has everyone voted? We're waiting. I think your voice was missing. So I close the vote, and it was 393,428,850 votes were cast.
493,050,026 against 3,316, and the abstentions 372, 508 abstentions. So now we'll have a resolution. Now we'll have a vote on the resolution. On the review and approval of the report of Management Board activities of Alior Bank S.A. Group in the year 2023, comprising the report of the Management Board of Alior Bank S.A. and the report of the Alior Bank S.A. Group on non-financial information for the year 2023. Please, exercise your right to vote. It's an open ballot, and because the draft of the report is consistent with the current report. Has everyone voted? I close the vote, and 93,425,850 valid votes were cast from the...
Representing the same number of shares and representing 71.56% of the share capital. 500,200,477 against 303, 316, and abstentions 350,057.
At this moment, I would like to announce a technical break just for three minutes. Please, maybe stay in the room.
... Continue about? Zapraszam.
Okay, so we will, we will continue. Ladies and gentlemen, I would like to inform you that that the questions that I received, a part of the points presented there, they do not include questions. They are more like information, and also they are directed to, partially to the Supervisory Board, and they do not refer the matters on the agenda. Therefore, the bank's activities in 2023, so formally I reject those questions because they were asked after the time allocated to them, and also I reject these questions because they are irrelevant to the matters on the agenda. Now, we move to the vote on the resolution. This is the consideration and the approval. Do you have a motion or you have a question? Thank you very much. So we move to, we move to the report.
We move to the distribution of profits, so namely point 10. And I put under vote resolution regarding the method for the distribution of profit of the bank for the financial year 2023, and the draft resolution is in line with the current report. So this is the open vote, so could you please cast your votes on this resolution? Has everyone voted? I close the vote. So the votes for yes, 93,125,049. No votes against, one abstention vote. And I confirm this resolution has been adopted. We'll move to point 11. This is the position of the bank on the remuneration policy that is in force in the bank. So...
I would like to ask you for accepting the questions that I delivered to you in writing, because first of all, you have to refer to a certain fragment, and then under each point, there are questions, and you cannot say that these are the statements, but these are the questions. The letter from the President of the Management Board, or the letter from the Supervisory Board, and then the remuneration policy were published, and they represent part of the materials for today's Annual General Meeting. This is not that I am writing to the Supervisory Board, or I am writing to the President of the Management Board, though I asked also him to accept my letter, but I am referring to the materials that were prepared for today's Annual General Meeting. I would like to ask you for... So that in Poland, we shouldn't be like in Belarus.
I am from this generation, which, who fought it for the freedom in Poland, and you cannot act in this way. I understand. Thank you very much for your position, and I would like to ask you to accept my letter, and I would like to ask you for replies to my questions in my letter and the transparency serving this company. We are for this, that Alior should develop and deliver the thousands of employees. Here they are our workplaces, but we would like this, to have this, transparency and the participation of the employees in the company's profits and in the company's successes. This is what is missing here.
We did not, we did not sign this collective dispute yet, and this is the time that the Management Board should take into its account and say what will be about the increases, because the collective agreement, starting from 2016, we are negotiating, and it is still not negotiated. So what is with all of this, Mr. President? Yes, so I'm sorry, I cannot give you more. The floor, because I did not hear no question regarding this point on the agenda, nor the formal motion. So could you please vote on the assessment of the internal regulations concerning the remuneration policy? So has everyone voted? So I can't see any objections, and I would like you to give me the result of this vote, and I will read it.
I think that there is still someone voting, so we will continue our vote. Ladies and gentlemen, we will continue our annual general meeting. So in point number 12, regarding the selection and the suitable assessment of members of the advisory board of Alior Bank S.A., adoption of the updated policy. So this should be management board, advisory board. This is the obvious error, and the draft of the resolution, including the attachment number 1 to this resolution with this correction. Are there any doubts about the proposed resolution? So I put under vote the resolution regarding the adoption of updated policy for the selection and suitability assessment of members of the board of Alior Bank S.A. I order the vote on this resolution.
So has everyone voted on this resolution? So I would like to ask all the shareholders for voting. So I close the vote, and I will read the result of this vote. So there were 93,025,049 votes for yes. There were no votes against, and there were no abstentions. So all the votes were for yes, representing 71.56% of the share capital. I would like to confirm that this resolution has been adopted. Now we move to point number 13 of the agenda, an adoption of the resolution assessment of the collective suitability of the Supervisory Board of Alior Bank S.A. Could you please cast your votes? I would like to also put forward a motion regarding the secrecy of this vote.
So to avoid any doubts whether this motion should be under the open vote or secret vote, that is why I order the secret vote on this resolution, on the collective suitability. So has everyone voted? I close the vote, and I would like to ask you for the result of this vote. So, there were 93,525,049 votes for yes, no votes against, no abstentions. All the votes were for yes, representing 71.56% of the share capital. So I confirm this resolution has been adopted. We move to the next point. This is point number 14. This is, the resolution in expressing an opinion of the report on the remuneration of the members of the Management Board and Supervisory Board of Alior Bank S.A.
for the year 2023, submitted by the Supervisory Board of the Bank. And under this point, also me, as a shareholder, I propose to have a secret vote on this resolution. I have also the confirmation that this is possible to have the secret vote on this resolution. So could you please cast your votes in the secret mode? Has everyone voted? I can't see any objections, so I close this vote, and I read the result of the vote. So the votes for yes, 83,023,906. The votes against, 10,501,943. No votes abstained. So I would like to confirm this resolution has been adopted.
We'll move to point 15, adoption resolution on the assessment of the adequacy of internal regulations concerning the functions of the Supervisory Board of Alior Bank S.A. and its effectiveness. So I open the regular vote, not the secret vote. Has everyone voted? I see that everyone has voted, and now I will give the results. So the votes for yes, 93,525,049, from the same number of shares, representing 71.56% of the share capital. There were no votes against, and there were no abstentions. So now we move to point 16, and this with regard to this point, I received the information about approving by the Financial Supervisory Authority to consent for amending the Articles of Association of Alior Bank S.A.
So we have just self-correction of the resolution regarding the amendments to the Articles of Association of Alior Bank S.A. by deleting paragraph number 3, conditioning the effectiveness of this resolution upon the consent from the authority. But we have the consent from the Financial Supervisory Authority in paragraph 9 and number 3, as compared to the published draft. Paragraph number 3, that this resolution becomes effective on the day of its adoption after the registration of the amendments registered in the registry without any reference to the consent from the Financial Supervisory Authority. So I put this resolution under vote. So we need the two-thirds majority of the votes cast to pass this resolution, the qualified majority. So could you please cast your votes on this resolution amending the Articles of Association of Alior Bank S.A.?... Has everyone voted? Thank you very much.
I close the vote. I can't see any objections, and I would like to confirm that 93,525,049 votes were cast for yes. There were no votes against, one vote abstained. I would like to confirm that this resolution has been adopted with the absolute majority of the votes cast. Ladies and gentlemen, now we move to point number 17 on the agenda. I would like to ask you about your motions, but before, a couple of information.
So, this point was proposed by the shareholder PZU S.A., dated March this year, and I would like to inform that Filip Majdowski submitted his resignation from Alior Bank S.A., with effect from March 2024, which was informed in the current report 10/2024, dated March 8, 2024. I would like to show that the company has received from Allianz Polska, the shareholder, the candidacy of Artur Kucharski, to be the member of the Supervisory Board of Alior Bank S.A., which the company informed through the current report number 11/2024, dated April 16, 2024.
I would like also to point out that the shareholder of the PZU also proposed the candidates for the members of the Supervisory Board of the company, Jarosław Mastalerz, Jan Zimowicz, Maciej Gutowski. And today, and that was... And the shareholders were informed about this in current report number 13/2024, dated the twenty-fifth April 2024. And the current report, number 14/2024, as of today, showed that there were also the candidates proposed by PZU SA, two cand- two additional candidates, Artur Chołody, Radosław Grabowski. And that's-
The candidates for the members of the Supervisory Board agreed to hold these functions, and relevant documents have been submitted. There is nobody from Allianz who would like to speak. We can step in and put potentially over the Allianz Polish open fund. I would like to confirm officially the candidacy of Artur Kucharski as an independent member of the Supervisory Board, and a candidate with a lot of experience as an auditor and also as an advisor. In 2017 and 2020, he was a member of the Supervisory Board of the Alior Bank, where he played the position of the Alior Bank and also was responsible for strategy. He has competencies to sit on the Supervisory Board of the company.
I would like to inform you that Alior Bank has submitted the documents required by law. Regarding the document, also has carried out an evaluation of individual suitability of the candidate. And also, he stated that the candidate satisfy the needs as provided by the law, and also was regarding the candidates for Supervisory Board. And also, PZU also submitted the documents regarding the candidates, and also has laid out an evaluation of the individual suitability and indicated that they met the requirements under the banking law and also the suitability requirements regarding and suitability of the members of the Supervisory Board. And the candidates have also meet the requirements related to the management of state assets regulations as per the Article 16, paragraph 1-8.
The Supervisory Board consists of 5-8 persons, and the number of the members of the Supervisory Board are defined by the General Meeting. And also, the General Meeting can define the number of Management Board members within the limits of the law, and there is no motion than the previous resolution of the General Meeting is obligatory. And also, in accordance with the resolution 32, 2017 of the 29 June 2017. There are 5-8 members of the Management Board, and as far as I know, it is still this, the number is continued.
Because we have such requirements, please, if anyone would like to submit a motion regarding the number of members of the Supervisory Board. I can't see any motions like that, so the existing resolutions remains in effect. I would like the others present in this meeting, I would like to submit other motions regarding the dismissal and appointment of members of the board. Perhaps we will now have a consider and vote on resolutions on dismissal. Any motions on dismissal? PZU S.A. I would like to ask for dismissal of all the present members of this, Mr. Ernest Bejda, Mr. Paweł Knop, Małgorzata Erlich-Smurzyńska, Mr. Jacek Kijo, Marek Pietrzak, Dominik Witek. I would like, like, I move that they be dismissed from the management Supervisory Board of the bank.
As far as I know, this is the current composition of the Supervisory Board. So first, we will have a vote on dismissal of the existing members. I would like to ask for five minutes break, if possible, for consultations. I believe so. I will have a five minutes technical break. It is 1:26 P.M.
[Foreign language]
Please be seated, we're closing the break. Can you hear me? Yes. So please be seated. I ask the shareholders. So ladies and gentlemen, I understand that we can continue on motions. No, I can't see any other motions. Later this, we will have a vote, resolutions to dismiss from the Management Board, whether Supervisory Board or particular persons from the Supervisory Board. I will read only their names so that we are clear on who, whom we're voting, and the vote will enter into force upon adoption. So as per the motion, we have the first change to the composition of the Management Supervisory Board. So about the dismissal of Mr. Ernest Bejda from the Management Board. It's a personal vote, so all the votes, voting will be a secret ballot. So please exercise your right to vote. Has everyone voted? I can't see.
Please, so 93,435,850 valid votes were cast, representing 71.56% of the share capital for 60,364,299. Against 13,852,367, and abstention, 19,209,184 votes. So the resolution has been adopted. The next resolution to change the composition of the Supervisory Board regarding the dismissal of Mr. Paweł Knop from the Supervisory Board, is a secret ballot. Please exercise your right to vote. Has everyone voted? We're waiting. So I close the vote. The order is following the results.
93,445,850 votes were cast, representing the same number of shares, and representing 71.56% of the share capital for 60,364,299, and against 13,852,377, 67, and abstention, 19,209,184. So the resolution has been adopted, and we will have a vote on a resolution to dismiss Miss Małgorzata Erlich-Smurzyńska from the Supervisory Board of the company. So exercise your right to vote. It's a secret ballot. Has everyone voted? So I close the vote. For 93,425,385 valid votes, representing the same number of votes, representing 71.56% of share capital.
60,364,300 for, and against 13,362,667, and abstentions, 19,209,626. Also, we will have a vote on resolution to dismiss Mr. Jacek Kijo from the supervisory board of the company. It's a secret ballot. Please exercise your right to vote. Close the vote. 425,850 valid votes, representing the same number of shares, representing 71.56% of share capital. For 60,364,300, against 13,852,367, and 19,209,183 abstentions. So the resolution has been adopted. So we have a resolution on to dismiss Mr.
Marek Pietrzak from the Supervisory Board of the company. It's a secret ballot. Please exercise your right to vote. Has everyone voted? I can't see any, so please give me the results. 98,425,850 valid votes representing the same number of shares and also representing 71.56% of share capital. For 60,364,300, against 18,852,367, and abstention, 19,209,183. So this was about Mr. Marek Pietrzak, and now we'll have a vote on resolution to change composition of the Supervisory Board by dismissal of Mr. Dominik Witek from the Supervisory Board. Has everyone voted? No, everyone voted.
So give me the results. 93,425,850 valid votes were cast, representing the same number of shares and representing 71.56% of the share capital. For 60,364,300, and against 13,852,367, and abstention, 19,209,183. So the resolution has been adopted. As a result of this, all the members of the Supervisory Board of the company have been dismissed, and their mandates have been exhausted. Now, we continue to appoint members of the Supervisory Board as per the motions of shareholders to the new term, because the existing mandates have ended for all the existing previous members of the Supervisory Board.
I now appreciate motions on appointments. The, given the end of the term of the previous, pre-previous, supervisory board, I would like to submit motions on the new, on the appointments of new members of the Supervisory Board. Ladies and gentlemen, we will now change on those motions that the Powszechny Zakład Ubezpieczeń S.A. have submitted. In principle, in principle, they have the same wording, but we'll soon address that. We have the following list of candidates as regards, as that have been proposed by the regulations of the Supervisory Board. I am obliged to establish an alphabetical order based on Grabowski, Radoslaw Gutowski, Maciej, Kucharski, Artur, Mastalerz, Jarosław , and Zimowicz, Jan. These are the, apart from Mr. Artur Kucharski, these candidates have been proposed by Powszechny Zakład Ubezpieczeń S.A. Whereas Mr.
Kucharski has been proposed by Allianz, was on the report 13/2024. And as PZU S.A., for Mr. Chołody and Grabowski, it is current report 13/2024 of 25 of this month, Mr. Zimowicz and Gutowski. Any doubts regarding the candidates? I can't see any. So now I'll have a vote on the resolution to appoint two members of the Supervisory Board, PZU S.A. So we will confirm the initial assessment suitability of Mr. Chołody. Also, we have a technical consistency with the draft resolution, so we will appoint him to, as a member of the Supervisory Board. Mr. Artur Chołody will be appointed as per of the 27th April 2024, for full 4 years of 2024, 2028. So 2025 is the first year of the term.
And we will do so, provided that Mr. Chołody resigns from the positions that he made on the twenty-fourth of April of this year, that he now has. He has to resign from these positions. So we have slight changes. We can stay per a potentially of Allianz. Five minutes technical break so that we can have a look at the wording of this new draft resolution. If someone would like to see these changes that are of rather technical nature?
[Foreign language].
Okay, so we resume the meeting. Are we ready? I think we need one more minute. Przepraszam. Szanowni Państwo, prostuję, iż. So the candidate for the Supervisory Board is Jarosław Mastalerz, and not sorry, I mispronounced the surname. I said Mastalerek. So, ladies and gentlemen, I would like to put under vote the resolution regarding the appointment to the composition of the Supervisory Board of Alior Bank S.A., Artur Chołody. I would like to read the wording of the resolution pursuant to Article 8 of the suitability policy of the bank, Article 395, and paragraph Article 18 of the bank, so the annual general meeting approves the initial assessment of this Mr. Chołody and appoints Mr.
Chołody to the Supervisory Board of the, as from the 27th of March, 2024, for the joint term of office, including 4 financial years, 2025, 2028. The first full operating year of the term of office is the year 2025, and the appointment, as mentioned in point number 2 above, will be effective, providing that Mr. Chołody presents the resignation from the functions performed, mentioned in his statement. In paragraph number 2, the resolution becomes effective on the day of its adoption. So...
Are there any doubts about this resolution? If not, I would like you to take the floor on this resolution. Could you please make sure that everyone has voted? Has everyone voted? There were 93,525,050 valid votes from the same number of votes, which is 71.56% of share capital. For yes, 60,664,300; against, 13,032,367; abstentions, 19,919,183. I would like to confirm that this resolution has been adopted. Now, we'll move to resolution regarding the appointment to the composition of the Supervisory Board of our bank, Spółka Akcyjna, Mr. Radosław Grabowski. I will read the draft of the resolution.
This will be the same as for other candidates, except for Mr. Kucharski. Pursuant to paragraph 8, section 7 of the policy for the selection of members of the Supervisory Board of the bank, Article 285, paragraph 1 of the Commercial Companies Code, and paragraph 80, section 1 of the Bank's General Meeting, the presentation of Mr. Radosław Grabowski for a member of the Supervisory Board appoints Mr. Radosław Grabowski to the Supervisory Board of the bank for the joint term of office of 4 operating years, of 2025-2028. The first operating year of the term of office is the year 2025, paragraph 2. The resolution should enter into force upon its adoption. So I open the secret vote on this resolution. Could you please cast your votes? Has everyone voted?
So, there were 93,525,050 valid votes cast from the same number of shares, 71.56% of share capital. For yes, 60,634,300; against, 13,052,367; abstentions, 19,809,183. I would like to confirm that this resolution has been adopted. The resolution, the same wording regarding Mr. Maciej Gutowski and his appointment to the composition of Supervisory Board of our bank, Spółka Akcyjna. And this is a secret vote. Could you please cast your votes on this candidate? Has everyone voted? I would like to inform you that there were 93,425,050 valid votes cast, representing 71.56% of share capital.
For yes, 79,554,344; against, 13,052,367; and abstentions, 19,139 votes. I would like to confirm that this resolution has been adopted. Now, we move to the vote on the candidate of Artur Kucharski. Are there any motions with this respect? Yes, please. Łukasz Sieczka, this, I would like to confirm once again, the submission of the candidate of Artur Kucharski to the composition of Supervisory Board of our bank, Spółka Akcyjna. Would you like to have the draft of this resolution to sound the same as in other candidates proposed by PZU S.A., or that it should be the original draft in order to have the same wording of the resolutions for all the members of the Supervisory Board?
So we will vote on the resolution regarding Artur Kucharski. In the wording, it is identical with the wording of the previous resolutions for Mr. Gutowski. So it means that there are two points on this resolution, and this is the appointment to the new term of office, 2025 to 2028. The first operating year is 2025, so four full operating years. So are there any doubts regarding this draft resolution? I can't see, and I open this vote. Could you please cast your votes on this resolution? So this is the secret vote. Has everyone voted? I close the vote. So, there were 93,025,050 valid votes cast from the same number of shares, between 71.56% of the share capital.
For , 79,554,344, against 13,052,367, and abstentions, 19,139. So I would like to confirm that this resolution has been adopted. And now I put under vote the candidate of Jarosław Mastalerz, and the draft resolution is identical with other resolutions. And please cast your votes under the secret mode of vote. So the result of the vote is as follows: that 93,525,050 votes, valid votes were cast, representing 71.56% of the share capital. The votes for , 79,554,344 votes, against 13,052,367, and abstentions, 19,139.
So I would like to confirm that this resolution has been adopted. We move to the next candidate, Mr. Jan Zimowicz. I open the secret vote on this candidate. Has everyone voted? I ask again, that I can't see any objections, so I close the vote, and I will read the results. So the number of valid votes cast is 93,525,050, from the same number of shares, representing 71.56% of the share capital. For , 79,554,344, against 13,052,367, and abstentions, 19,139. So I would like to confirm that this resolution has been adopted.
Ladies and gentlemen, this was the sixth vote on the sixth candidate, so I would like to ask... So as of today, this is all things considered, we will continue our meeting on the 24th of May, this year, at 12:00 noon in the company's headquarters at ul. Łopuszańska 38 in this conference room on the first floor. And thank you very much for your participation today, and see you on the 24th, and we will continue with-