PLAISIO COMPUTERS SA announces that on Tuesday 23d 2006, the 17th Annual Shareholder's Meeting took place at the hotel King George, in order to decide on the following issues:
Issue 1st: Submission and approval of the Annual Financial Statements of the 17th fiscal year (1.1.2005- 31.12.2005) and the relevant reports of the Board of Directors and the Chartered Auditor.
Issue 2nd: Approval of the distribution of profits for the period 01.01.2005-31.12.2005 and the dividend distribution.
Issue 3d: Discharge of the Members of the Board of Directors and of the Company's Auditors from all liability regarding their activities during the fiscal year ended 31.12.2005.
Issue 4th: Election of one regular and one substitute Chartered Auditor from the Board of Chartered Auditors for the fiscal year 2006 and determination of their remuneration.
Issue 5th: Approval of labour contracts with the executive members of the Board of Directors of the company, under the article 23a of the Greek Law 2190/1920 and determination of their remunerations.
Issue 6th: Decision to buy own Shares via the Athens Exchange (Article 16, par. 5-14 law 2190/1920).
Issue 7th: Increase of Share Capital via Capitalization: a. Difference from issuing stocks over par & b. Differences from revaluation other assets and increase of the nominal value of the existing shares of the company and alteration of article no. 5 of the memorandum of association.
Issue 8h: Other issues and announcements.
In the Annual Shareholders' Meeting 60 stockholders were present, representing the 74,12% of the Share capital of the company (16.366.468 shares out of a total of 22.080.000 shares). The Annual Shareholder Meeting approved unanimously each of the following issues:
1.The Annual Financial Statements of the 17th fiscal year (1.1.2005- 31.12.2005), of the company and of the Group, after listening the reports of the Board of Directors on the matter and the report of the chartered auditors.
2.The distribution of dividend of 0,25 per share from the profits of the fiscal year 2005. Shareholders of Plaisio Computers as of 24th May 2006 are entitled to dividend for the fiscal year 2005. Consequently, starting on Thursday May 25th 2006, which is the ex-dividend date, the shares will trade in the Athens Exchange without the right to dividend. Dividend payment will take place on June 2nd 2006, from the National Bank of Greece.
3.The release of the members of the Board of Directors and of the Chartered Auditor from any liability for compensation associated with the performance of their duties during the 17th operating period (1.1.2005-31.12.2005).
4.The Election of one regular and one substitute Chartered Auditor from the Board of Chartered Auditors for the 18th fiscal year and determination of their remuneration. More specifically, as chartered auditors of the fiscal year 2006, were appointed the following members of the Auditing Company BKR PROTIPOS ELEGTIKI S.A.: α) as regular auditor, the chartered auditor Mr. Aristidis Sfounos Register number 14851 and β) as substitute auditor Mr. Ioannis Pantazis register number 19461.
5.The labour contracts of the executive members of the Board of Directors of the company in compliance with the article 23a of the C.L. 2190/1920 and the determination of their fees and salaries
6.The buy back through the ASE up to 883.200 own shares which represent the 4% of the total Share Capital of the company. The buy back will take place from 5/6/2006 until 1/6/2007 within a price range of 5,00 Euros to 12,00 Euros.
7.The increase of the Share Capital of the company by the amount of 220.800,00 euros and the increase of the par value of the share from 0,31 euros to 0,32 euros via capitalization of 89.316.93 euros of difference from issuing stocks over par and via capitalization of 131.483,07 euros of differences from revaluation of fixed assets.
8.During the Annual Shareholders' Meeting, the President and C.E.O. of the company, Mr. George Gerardos, announced the opening of the 20th store of Plaisio in the city center of Larissa. The new store will have a total surface of 1.300 square meters and 100 parking spaces.