ING publishes proxy materials for 2021 AGM
12 März 2021 - 04:33PM
ING publishes proxy materials for 2021 AGM
ING publishes proxy materials for 2021 AGM
ING Groep N.V. today published the proxy materials for its
Annual General Meeting (AGM), to be held on Monday 26 April 2021.
The proxy materials, including the agenda for the AGM, are
available on the ING website (www.ing.com/agm).
In light of the Covid-19 pandemic and related government
guidance and legislation, the 2021 AGM will be held virtually,
without the possibility for shareholders’ physical attendance. The
meeting will be webcast live via www.ing.com. Instructions on
registration, virtual attendance, voting and submitting questions
are available at www.ing.com/agm. ING will continue to closely
monitor developments and will publish any further updates on the
AGM at the website.
Given the ECB recommendations regarding dividend payments in
light of the Covid-19 pandemic, it will be proposed to the AGM to
declare the interim dividend of €0.12 per ordinary share, paid in
February 2021, as final dividend over 2020. In line with ING’s
distribution policy of 50% of resilient net profit, the remaining
amount (€0.27 per share) is reserved, with the intention to make an
additional distribution after 30 September 2021. We also intend to
distribute the amount originally reserved for 2019 after 30
September 2021, all subject to prevailing ECB recommendations and
relevant approvals.
The agenda for the AGM includes the proposal to appoint Ljiljana
Čortan as member of the Executive Board, as announced on 6 November
2020. Ljiljana Čortan has been serving as chief risk officer and
member of the Management Board Banking since 1 January 2021. The
proposed appointment of Ljiljana Čortan has been approved by the
European Central Bank.
ING also proposes to the AGM to reappoint Steven van Rijswijk,
CEO of ING, to the Executive Board for a next term of four years.
Steven van Rijswijk was appointed to the Executive Board at the AGM
in 2017. He served as chief risk officer from 1 August 2017 until 1
July 2020, when he became chairman of the Executive Board and
CEO.
As announced on 10 March 2021, it is proposed to the AGM to
appoint Lodewijk Hijmans van den Bergh as member of the Supervisory
Board. Upon decision by the AGM, the appointment of Lodewijk
Hijmans van den Bergh will be effective as of the end of the AGM on
26 April 2021. The proposed appointment of Lodewijk Hijmans van den
Bergh has been approved by the European Central Bank.
As also announced on 10 March 2021, it will be proposed to the
AGM to reappoint Margarete Haase and Hans Wijers for a next term of
four years as member of the Supervisory Board. They both were first
appointed in 2017. After completing his four year term since
appointment in 2017, Jan Peter Balkenende will at his request
retire from the Supervisory Board at the end of the AGM 2021 to
focus on other future activities.
Full details of all voting items, including the aforementioned
proposals, are included in the proxy materials published today. The
proxy materials also include the 2020 Annual Report of ING,
including the Financial Statements (Annual Accounts) and the
reports of the Executive Board and the Supervisory Board, as
published on 11 March 2021, as well as other information and
documents as required by law. Information for holders of American
depositary shares is available at www.ing.com/ads. Shareholders are
advised to check the information on the website regularly for any
updates.
Note for editorsFor further information on ING,
please visit www.ing.com. Frequent news updates can be found in the
Newsroom or via the @ING_news Twitter feed. Photos of ING
operations, buildings and its executives are available for download
at Flickr. ING presentations are available at SlideShare.
Press enquiries |
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Investor enquiries |
Raymond Vermeulen |
|
ING Group Investor Relations |
+31 20 576 6369 |
|
+31 20 576 6396 |
Raymond.Vermeulen@ing.com |
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Investor.Relations@ing.com |
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ING PROFILEING is a global financial institution
with a strong European base, offering banking services through its
operating company ING Bank. The purpose of ING Bank is empowering
people to stay a step ahead in life and in business. ING Bank’s
more than 57,000 employees offer retail and wholesale banking
services to customers in over 40 countries.ING Group shares are
listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels
and on the New York Stock Exchange (ADRs: ING US,
ING.N).Sustainability forms an integral part of ING’s strategy,
evidenced by ING’s leading position in sector benchmarks by
Sustainalytics and MSCI and our ‘A-list’ rating by CDP. ING Group
shares are included in major sustainability and Environmental,
Social and Governance (ESG) index products of leading providers
STOXX, Morningstar and FTSE Russell. In January 2021, ING received
an ESG evaluation score of 83 ('strong') from S&P Global
Ratings. IMPORTANT LEGAL
INFORMATIONElements of this press release contain or may
contain information about ING Groep N.V. and/ or ING Bank N.V.
within the meaning of Article 7(1) to (4) of EU Regulation No
596/2014.Certain of the statements contained herein are not
historical facts, including, without limitation, certain statements
made of future expectations and other forward-looking statements
that are based on management’s current views and assumptions and
involve known and unknown risks and uncertainties that could cause
actual results, performance or events to differ materially from
those expressed or implied in such statements. Actual results,
performance or events may differ materially from those in such
statements due to a number of factors, including, without
limitation: (1) changes in general economic conditions, in
particular economic conditions in ING’s core markets, including
changes affecting currency exchange rates, (2) the effects of
the Covid-19 pandemic and related response measures, including
lockdowns and travel restrictions, on economic conditions in
countries in which ING operates, on ING’s business and operations
and on ING’s employees, customers and counterparties,
(3) changes affecting interest rate levels, (4) any
default of a major market participant and related market
disruption, (5) changes in performance of financial markets,
including in Europe and developing markets, (6) political
instability and fiscal uncertainty in Europe and the United States,
(7) discontinuation of or changes in ‘benchmark’ indices,
(8) inflation and deflation in our principal markets,
(9) changes in conditions in the credit and capital markets
generally, including changes in borrower and counterparty
creditworthiness, (10) failures of banks falling under the
scope of state compensation schemes, (11) non-compliance with
or changes in laws and regulations, including those financial
services and tax laws, and the interpretation and application
thereof, (12) geopolitical risks, political instabilities and
policies and actions of governmental and regulatory authorities,
(13) legal and regulatory risks in certain countries with less
developed legal and regulatory frameworks, (14) prudential
supervision and regulations, including in relation to stress tests
and regulatory restrictions on dividends and distributions,, (also
among members of the group), (15) regulatory consequences of
the United Kingdom’s withdrawal from the European Union, including
authorizations and equivalence decisions, (16) ING’s ability
to meet minimum capital and other prudential regulatory
requirements, (17) changes in regulation of US commodities and
derivatives businesses of ING and its customers,
(18) application of bank recovery and resolution regimes,
including write-down and conversion powers in relation to our
securities, (19) outcome of current and future litigation,
enforcement proceedings, investigations or other regulatory
actions, including claims by customers who feel mislead and other
conduct issues, (20) changes in tax laws and regulations and
risks of non-compliance or investigation in connection with tax
laws, including FATCA, (21) operational risks, such as system
disruptions or failures, breaches of security, cyber-attacks, human
error, changes in operational practices or inadequate controls
including in respect of third parties with which we do business,
(22) risks and challenges related to cybercrime including the
effects of cyber-attacks and changes in legislation and regulation
related to cybersecurity and data privacy, (23) changes in
general competitive factors, including ability to increase or
maintain market share, (24) the inability to protect our
intellectual property and infringement claims by third parties,
(25) inability of counterparties to meet financial obligations
or ability to enforce rights against such counterparties,
(26) changes in credit ratings, (27) business,
operational, regulatory, reputation and other risks and challenges
in connection with climate change, (28) inability to attract
and retain key personnel, (29) future liabilities under
defined benefit retirement plans, (30) failure to manage
business risks, including in connection with use of models, use of
derivatives, or maintaining appropriate policies and guidelines,
(31) changes in capital and credit markets, including
interbank funding, as well as customer deposits, which provide the
liquidity and capital required to fund our operations, and
(32) the other risks and uncertainties detailed in the most
recent annual report of ING Groep N.V. (including the Risk Factors
contained therein) and ING’s more recent disclosures,
including press releases, which are available on www.ING.com. This
document may contain inactive textual addresses to internet
websites operated by us and third parties. Reference to such
websites is made for information purposes only, and information
found at such websites is not incorporated by reference into this
annual report. ING does not make any representation or warranty
with respect to the accuracy or completeness of, or take any
responsibility for, any information found at any websites operated
by third parties. ING specifically disclaims any liability with
respect to any information found at websites operated by third
parties. ING cannot guarantee that websites operated by third
parties remain available following the filing of this document or
that any information found at such websites will not change
following the filing of this document. Many of those factors are
beyond ING’s control.Any forward looking statements made by or on
behalf of ING speak only as of the date they are made, and ING
assumes no obligation to publicly update or revise any
forward-looking statements, whether as a result of new information
or for any other reason.This document does not constitute an offer
to sell, or a solicitation of an offer to purchase, any securities
in the United States or any other jurisdiction. |
- PDF version of press release
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