During the Annual Ordinary General Meeting of 31.05.2007 of the Company s shareholders, thirty seven (37) shareholders being present, and representing 72.84% of the share capital. From the above present shareholders, twenty two (22) blocked their shares on time, representing 62.62% of the share capital and fifteen (15) behind time, representing 10.22% of the share capital. The following issues were firmly approved:
1. Submission and approval of the Annual Financial Statements for the fiscal year 2006 and of the related Board of Directors and Auditor s Reports.
2. Release of the members of the Board of Directors and the Auditors from any liability for their activity during the fiscal year 2006
3. Election of ordinary and substitute Auditor for the fiscal year 2007 and determination of their remuneration.
4. Approval of the distribution of profits.
5. Approval of remuneration of the members of the Board of Directors
6. Approval of stock options plan for executive members of the Board of Directors and management executives based on article 13 par 9 of amended Greek C.L. 2190/20.
7. Share capital increase through capitalization of undisposed profits and new rights issue for disposal to the personnel based on article 1 par 2 of P.D. 30/1998 and amendment of articles 4 and 5 of the company s Articles of Association.
Regarding the first and second issue of the daily agenda, the Annual Financial Statements for the fiscal year 2006 and the related Board of Directors and Auditor s Reports, as well as the release of the members of the Board of Directors and the Auditors from any liability for their activity during the fiscal year 2006 were unanimously approved.
Regarding the third issue of the daily agenda, Mr. Ioannis Mystakides (SOEL ID 16511) election as ordinary Auditor and Mr. Vassilios Kaminaris (SOEL ID 20411) as substitute, EARNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANS S.A., for the fiscal year 2007 was unanimously approved.
Regarding the fourth issue of the daily agenda
- Dividend distribution of Euro 0.30 per share. The ex-dividend date is Monday June 4, 2007 and payment date is Tuesday June 12, 2007. Eligible to receive dividend are the shareholders of record on Friday, June 1st, 2007 after the closing of the trading session of the ATHEX. As of Monday, June 4, 2007 the shares of the company are traded ex-dividend and dividend payment will commence on Tuesday, June 12, 2007 until December 12, 2007 and will be processed through EFG EUROBANK ERGASIAS S.A.
- Disposal of eight hundred eighty nine thousand six hundred six (889,660) euro to the personnel
- Disposal of fifty nine thousand six hundred sixty (59,660) euro to management executives in the form of shares issued following the share capital increase based on issue 7 of the daily agenda
Regarding the fifth issue of the daily agenda, unanimously approved payment of 460,000 euro as remuneration of the members of the BoD and payment up to the amount of 50,000 euro per annum to Mr. Ioannis Karkalemis, member of the BoD, for the services provided.
Regarding the sixth issue of the daily agenda, a majority of 99.91% present shareholders approved the disposal of a total of 140,000 shares to top management executives and executive members of the Board of Directors in the form of stock option. The exercise price is set as 9.92 euro
Regarding the seventh issue of the daily agenda, a majority of 99.91% present shareholders approved the share capital increase by fifty nine thousand six hundred sixty (59,660) euro through capitalization of indisposed profits via the issue of fifty nine thousand six hundred sixty (59,660) new shares of nominal value 1 euro each, to be disposed to management executives.