Company Announcements

2020 AGM Shareholder resolutions for consideration

Source: RNS
RNS Number : 0720B
National Australia Bank Ld
05 October 2020
 

800 Bourke Street

Docklands VIC 3008
AUSTRALIA

www.nabgroup.com

 

 

Monday, 5 October 2020

 

 

ASX Announcement

 

 

Shareholder resolutions for consideration at the 2020 AGM

 

As required by ASX Listing Rule 3.17A, National Australia Bank today advises that it has received the two resolutions shown below under section 249N of the Corporations Act 2001 (Cth) for consideration at our Annual General Meeting (AGM) to be held on 18 December 2020.

 

National Australia Bank expects to circulate its 2020 Notice of AGM in or around mid-November, which will contain the proposed resolutions, together with accompanying statements provided by the requisitioning shareholders, and the Board's recommendations in relation to these resolutions.

 

Resolutions promoted by Market Forces and requisitioned by a group of shareholders

Resolution 1 - Amendment to the Constitution

Insert into the Constitution in clause 8 'General meetings' the following new sub-clause 8.3A 'Advisory resolutions': "The Company in general meeting may by ordinary resolution express an opinion or request information about the way in which a power of the Company partially or exclusively vested in the Directors has been or should be exercised. Such a resolution must relate to a material risk identified by the Directors or the Company and cannot advocate action that would violate any law or relate to any personal claim or grievance. Such a resolution is advisory only and does not bind the Directors or the Company.''

 

Resolution 2 - Transition Planning Disclosure

Shareholders request the Company disclose, in subsequent annual reporting, strategies and targets to reduce exposure to fossil fuel (oil, gas, coal) assets in line with the climate goals of the Paris Agreement, including the elimination of exposure to thermal coal in OECD countries by no later than 2030.

 

 

For further information:

Media

Mark Alexander                                                      Nina Bosco

M: +61 (0) 412 171 447                                          M: +61 (0) 477 712 036

Investor Relations

Sally Mihell                                                             Natalie Coombe

M: +61 (0) 436 857 669                                          M: +61 (0) 477 327 540

 

The release of this announcement was authorised by the Group Company Secretary.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
STRUPGGGUUPUUCA