In accordance to the obligations of the Company, which result from the Regulation of the Athens Stock Exchange (Ch. Α art. 279 par. 1 and 2), concerning the resolutions on the issues, we inform you about the following: At the Ordinary General Meeting of the Shareholders of the 28th April 2006, the agenda referred to the Company's invitation was discussed. The Shareholders participated in the Meeting represented 34.189.016 shares, i.e. a percentage of 80,25 %, the decisions were taken unanimously.
The decisions on the Agenda are as follows:
1st Issue - Submission for approval of the Annual Financial Statements of financial year 2005 (1/1/2005-31/12/2005) as well as the relevant Board of Directors? and Auditors? Report.
The Assembly unanimously approved the Annual Financial Statements of the financial year 2005 as well as the relevant Reports of the Board of Directors and the Auditors.
2nd Issue - Discharge of the members of the Board of Directors and the Auditors from any liability for indemnity regarding the annual financial statements and management of the year 2005 (1/1/2005-31/12/2005).
The Assembly unanimously approved the discharge of the Board of Directors and the Auditors from any liability for indemnity regarding the Annual Financial Statements and management of the year 2005. 3rd Issue - Approval of the remunerations of the members of the Board of Directors for the period from 1st January to 31st December 2005 and their pre-approval until the Ordinary General Meeting of 2007.
The Assembly unanimously decided: a) The approval of the remunerations and fees of the Board of Directors for the period from 1/1/2005 to 31/12/2005 amounted ? 48.760,00. b) The pre-approval of the remunerations for the financial year 2006 and till the Ordinary General Meeting of the Shareholders of 2007, which will remain stable, i.e. ? 460,00 gross per month for each member, except for the President and Managing Director Mr. T. Arapoglou, who is offering his services without fees and remuneration, and c) Authorizes the President of the B.o.D. Mr. T. Arapoglou to negotiate the terms of remuneration and make the contract for Company in case that the Company hires Managing Director.
4th Issue - Election of regular and substitute Certified Auditors for the audit of the Financial Statements of the financial year 2006 and approval of their remuneration.
The Assembly unanimously approved the election of Mr. M. Hatzipavlou as regular Auditor and Mr. A. Barlika as substitute Auditor of the Deloitte Auditor Company for the auditing of the financial year 2006 and the fee was fixed at the amount of ? 43.000,00 plus VAT and concerns the total audit. Issue 5th - Approval (according to Article 23 par.1 of the Law 2190/1920) for the members of the Board of Directors and/or Managers' participation in the Management or Board of Directors of NBG Group of Companies pursuing similar of related goals.
According to Article 23 par.1 of the Law 2190/1920, the Assembly unanimously approved, the participation of members of the B.o.D and/or Managers, in Board of Directors or Management of NBG Group of Companies pursuing similar of related goals.
6th Issue - Other announcements.
It was announced that after a decision of the Board of Directors of the Company regarding the competitive process for the selection of a specialist hotel operator for the hotel complex of Astir, two candidates were selected to continue the negotiations.