The Annual General Assembly of Michaniki S.A. Shareholders which took place on Friday, June 23 2006 at 14:00, at the company's headquarters in the Municipality of Amaroussio (91 Megalou Alexandrou 91 and 25 Martiou, Groundfloor, Meeting Room) and in which 41 shareholders (persons and legal entities) were legally represented, representing a 35.94% of the Company's paid share capital, approved all topics listed in the agenda.
More specifically,
The General Meeting of the Shareholders approved the Financial Statements for the year-ended 31.12.2005 under International Accounting Standards (IAS) accompanied by the report of the Board of Directors and the Audit Certificate. Moreover, it has been approved the proposal of the Board of Directors for a dividend payment of 0.14 ? per share, both common and preferred. Regarding the shareholders entitled to the dividend distribution as well as the process for receiving the dividend payment, a separate annou ncement has already being released.
Moreover, the General Meeting of the Shareholders approved the discharge of the Board of Directors and the Auditors from all responsibility of indemnification in relation to the financial year 2005 and it has been approved the auditors fee for the financial year 2005 and the appointment of Mr. Ioannis Papasimeon and Mr. Georgios Skampavirias as the Auditors for the financial year 2006.
Finally, it has been announced all the relevant information regarding the program of acquisition of own shares