The Repeated General Meeting of the Shareholders of "HALCOR S.A.", was held at the ATHENS IMPERIAL Hotel, in Karaiskaki sq. Athens, on Wednesday, June 27, 2007 at 11:30 hours, pursuant to the pertinent notice of the Company's Board of Directors dated, June 14, 2007. Nine shareholders were present, who hold 55,778,706 shares of the total 101,279,627 shares, this is the 55.07% of the votes in the subjects of the daily provision unanimously:
- Approved the issuance from the Company of common non-convertible bond loans, in accordance with L. 3156/2003, amounting up to 100,000,000.00 Euro, which will be entirely covered from credit institutions. Scope of the loans is the replacement of the existing short term bank loans with long term loans and the boost of the working capital.
The Company's Board of Directors was authorized to determine the special terms and the procedure of the loan issuance. The aforementioned authorization is valid until 31/12/2008.