The Company announces that the Annual General Assembly of the Shareholders that took place on May 30, 2007, with a quorum of 74.8% (39,424,686 shares out of a total of 52,675,000 shares) decided unanimously on the following items:
1. Approved the annual financial statements for the fiscal year 01.01.2006 - 31.12.2006.
2. Approved the appropriation of profits after tax for the fiscal year 01.01.2006 - 31.12.2006, as well as the distribution of dividend of Euro 0.66 per share. Eligible for the dividend are the shareholders of the Company at the end of the Athens Stock Exchange trading session of 15.06.2007. The payment of the dividend will commence on the 26.06.2007 through the branch network of EFG EUROBANK ERGASIAS.
3. Approved the waiver of liability of the Board of Directors and the Chartered Auditors for the fiscal year 01.01.2006 - 31.12.2006.
4. Dimitrios I. Iakovidis was elected as regular Chartered Auditor and Ioannis B. Kalogeropoulos was elected as deputy Chartered Auditor for the fiscal year 01.01.2007 - 31.12.2007.
5. Ratified the appointment of Dafermos Epaminondas as Deputy Managing Director and Executive member of the BoD.
6. Approved the remuneration or compensation for the members of the Board of Directors for the fiscal year 01.01.2006 - 31.12.2006, and pre-approved the same remuneration or compensation for the members of the Board of Directors for the fiscal year 01.01.2007 - 31.12.2007.
7. Approved the amendment of article 2 of the Company's Articles of Incorporation and in particular added the exploitation of marinas as well as the activities of food and catering in the Company's activities.
8. Approved a share buy back scheme up to 10% of the Company's share capital (5,267,500 shares) with a lowest price of Euro5.0 and a highest price of Euro 25.0. The share buyback scheme will be implemented between 01.06.2007 - 31.05.2008.
In total 30 shareholders voted and approximately 70 institutional investors, journalists and other observers participated in the Company's Annual General Assembly.