Bank of Attica S.A. wishes to announce that its Annual General Meetings held on June 28th 2006 produced several resolutions concerning some of the items placed on the meetings' agenda and decided to discuss and decide upon:
- Part of item 7 of the agenda
- Items 8,10,11A and B and 12 at a new session that would take place on July 26th 2006 at the same time and place.
On July 26th 2006, the Ordinary General Meeting of Shareholders continued its deliberations. The Meetings were attended by 11 shareholders (either actually present or represented by delegation) corresponding to 67.806.635 out of 82.577.910 common shares (82,12% of the total number of common shares) with full voting rights.
The Meetings:
1. Proceeded to a preliminary approval of the fees and rewards of the BoD executive and non-executive members (including the Chairman of the Board and the CEO) and the members of the Audit Committee for 2006.
2. Granted permission to members of the Board of Directors and executive officers of the Bank, to participate in the Board of Directors or in the administration of the Group's companies in accordance with article 23, §1 of Companies Act 2190/1920.
3. Elected a new Board of Directors consisting of: Mrs. Ioulia Armagou, Mr. Avgoustinos Vintzileos, Mr. Stelios Diamantidis, Mr. Dimitrios Dounoukos, Mr. Antonis Kaminaris, Mr. Tryfon Kollintzas, Mr. Dimitrios Bouziakas, Mr. Kallergos Simantirakis, Mr. Athanasios Tzakopoulos, Mr. Panagiotis Tsoupidis and Mr. Ioannis Fourkas. Mrs Ioulia Armagou and Mr. Athanasios Tzakopoulos are independent non-executive members.
4. Decided to:
a. proceed to a share capital increase equal to 49.278.866,46 euros by capitalizing the reserve due to premiums resulting from the issue of shares above par and increase the nominal value of the Bank's share from 0,35 to 0,9468 euro.
b. To reduce the Bank's share capital by 49.278.866,46 euros by writing off of loss resulting from the transition to the IFRS and to reduce the nominal price of the Bank's share from 0,9468 to 0,35 euro ( Items 11A and 11B in the agenda). Following the above decisions, the share capital of the Bank is 28.902.268,50 euros divided into 82.577.910 common shares valued at 0,35 euro each.
5. Approved the amendment of art. 5 of its Articles of Association (on share capital) following the increase and decrease mentioned above. The Meetings decided to codify its Articles of Association in a single text.