Decisions of the General Meeting of the Shareholders of BACB

Pursuant to art. 17 of Regulation (EU) No. 596/ 2014 and to art. 24 of the Ordinance No. 2 dd. 09 November 2021 of the Financial Supervision Commission, the Bulgarian-American Credit Bank hereby notifies that on May 17 20222 the Annual General Meeting of the Shareholders of BACB, Unique identifier of the event BACB17052022AGMS, took place. The GMS adopted the following decisions regarding BACB which represent inside information” under the above mentioned provisions of Regulation (EU) No. 596/ 2014 and Ordinance No. 2 of FSC, namely:

  1.  Approved the (1) Audited BACB Annual Consolidated Financial Statements for 2021 and the Annual Consolidated Management Report of BACB for 2021, together with Independent Auditors’ Report, (2) Audited BACB Annual Financial Statements for 2021 and the Annual Management Report of BACB for 2021, together with Independent Auditors’ Report and (3) the Report on the implementation of BACB Remuneration Policy in 2021
  2. Approved changes in the membership of the BACB Audit Committee – relieved Ms. Rayka Stoyanova Ontsova of office as member of the Audit Committee and elected Ms. Sevdalina Velkova Paskaleva as Audit Committee member with term of office till May 17, 2025. The GMS also re-elected Mr. Martin Boychev Ganev and Mr. Petar Georgiev Atanasov for Audit Committee members with term of office till May 17, 2025. As of the date of the GMS’s decision, the BACB Audit Committee shall consist of three members with term of office till May 17, 2025, namely:
          Mr. Martin Boychev Ganev – Chairman
          Mr. Petar Georgiev Atanasov
          Ms. Sevdalina Velkova Paskaleva
  3. Appointed “Ernst&Young Audit” OOD and “Afa” OOD as auditors for joint independent financial audit of the annual Financial Statements of Bulgarian-American Credit Bank, individual and consolidated, for the financial year 2022
  4. Further to the above, the GMS adopted decisions under the rest of the proposals as per the prior announced agenda

Further information for the decisions taken shall be included in the Minutes of the Annual General Meeting of the Shareholders of BACB, Unique identifier of the event BACB17052022AGMS, which shall be disclosed within the regulatory deadline.