We inform you that ALUMIL Annual General Shareholders' Meeting (GSM) took place today on the 23/5/2007, in Kilkis Industrial Area. The following decisions were unanimously voted with a 71.15% of the paid-up share capital, namely 15,665,365 shares voted, out of 22,016,250 in total. The following decisions were voted unanimously, by the five present shareholders:
- 2006 Financial Statements under IFRS, the Board of Directors' (BoD) Report, the Certified Auditor Accountants' Report and earnings distribution were approved, with 15,665,365 votes for, representing 71.15% of the total number of shares.
- Board of Directors and Certified Auditor Accountants were discharged from all compensation charges during financial year 2006. BoD remunerations were approved - unchanged fees for the last four years - totaling to Euro 200,000 and the 2007 amounts were pre-approved also, amounting to Euro 280,000. All decisions were voted with 15,665,365 votes for, representing 71.15% of the total number of shares.
- New BoD was elected: George Alex. Milonas, Evangelia Alex. Milona, Eftixia Milona, widow of Alexandros Milonas (executive members), George Ioannis Doukidis (non-executive member), Anastasios Christos Alexandridis and Aristeidis Stylianou Ploumbis (independent-non-executive members).
- The GSM authorises the Bod to further negotiate the terms and the decision to draw one or more common debenture bonds, according to art. 6 law 3156/2003, without trading or conversion rights. Authorization is valid for bonds up to Euro 100 m. worth. In this way, financial expenses are significantly improved and capital structure is strengthened. This decision was voted with 15,665,365 votes for, representing 71.15% of the total number of shares.
- A Euro 0.083 per share dividend payout was voted, representing 34.8% of the after tax earnings. Shareholders entitled to dividend are those who own Alumil shares on Thursday, 24/5/2007. From Friday 25/5/2007, Alumil shares will be trading ex-dividend. Dividend payout will be realized from Tuesday 5/6/2007, via PIRAEUS BANK, for two years, until 5/6/2009. Dividend payout and further details shall be announced later today, through the Company and the Press. The decision was voted with 15,665,365 votes for, representing 71.15% of the total number of shares.
- Ernst & Young Hellas Certified Auditors Accountants S.A. was elected as statutory and substitute Certified Auditor Accountants for 2007 with 15,665,365 votes for, representing 71.15% of the total number of shares.
Regarding 1Q07 results, Group sales and earnings growth rates demonstrate clearly upward trends, higher that the initial estimates; they will be announced the following days, according to the Capital Market law and company policy.