AIK Banka has put forward Jurij Bajc, Vladimir Sekulić and Tim Umberger as new members of the supervisory board to replace Miran Kalčič and Gregor Rovanšak, whose terms expire at the end of August, and Domen Trobec, who resigned last year.

According to the convocation of the shareholders' meeting published in Monday's issue of Finance, the new supervisors, if the proposal is endorsed, will be appointed for five-year terms as of 29 August.

The six-strong supervisory board of Gorenjska Banka also includes Aleš Aberšek, Jelena Galić and Matej Podlipnik. Since April, the bank has been headed by David Benedek as interim chairman.

The vote on the shareholders' meeting will show whether the Serbian bank has a controlling interest in Gorenjska Banka, considering that Sava as the major shareholder has had its voting rights suspended.

To break the deadlock, an attempt will be made at Sava shareholders' meeting on Friday to sell the 37.6% stake in Gorenjska Banka to Sava creditors-owners and thus give them a say at the shareholders' meeting of the bank in July.

Meanwhile, the management and the supervisory board of Gorenjska Banka propose the shareholder allocate EUR 3.52m of the total of distributable profit of EUR 7.62m for dividends or EUR 9.14 per share, to be paid out by 20 September.

The management and the supervisory board also propose amending Gorenjska Banka's articles of association to authorise the management to increase the share capital within five years to up to EUR 8.09m with the supervisors' consent.

The recapitalisation may involve the issue of preference shares without voting rights, while the management would be able to limit or exclude shareholders' priority rights to new shares.