The Annual Ordinary General Shareholders Meeting of SPRIDER STORES SA was held yesterday on June 11, 2007 at 17:30, at the company's business headquarters in Anthousa. A total of 22 shareholders were present, owning 18,214,500 shares out of 22,262,660 shares outstanding, representing 69.36% of the paid share capital; therefore the General meeting was validly held in quorum regarding all agenda items. The General Meeting unanimously approved all items in the agenda and more specifically:
1. Approved of the company and the consolidated Annual Financial Statements of the fiscal year from 01/01/2006 to 31/12/2006, the Income Statement, the Cash Flow Statement, the Notes on the Financial Statements under the International Financial Reporting Standards (I.F.R.S.) upon the announcement of the Board of Directors Management Report and the Audit Report of the Chartered Accountants/Auditors.
2. Approved of profit distribution of the fiscal year's 2006 results and the dividend payment to shareholders amounting to Euro 0.12 per share for the financial year 2006. Ex dividend date is set to be Tuesday July 3rd, 2007 (all shareholders at the end of the Athens Exchange trading session on July 2nd 2007 will be eligible for the 2006 dividend) while the payment of the dividend will commence on Wednesday July 11. At the same time the Company's Board of Directors was authorized to take all relevant actions.
3. Approved to discharge the BoD Members and the Chartered Accountant-Auditor from any liabilities for damages for the fiscal year from 01/01/2006-31/12/2006.
4. Approved of remunerations and other expenses paid to BoD members during fiscal year 2006 which amounted to Euro 235,216.96 and pre-approved of the remunerations for fiscal year 2007 (1 January 2007 to 31 December 2007) to not exceed Euro 10.000 per month for every Board member.
5. Approved the election of GRANT THORNTON S.A. Mr. Vasileios Kazas (SOEL Reg No 13281) and Mr. Emmanuel Michalios (SOEL Reg No 25131) as regular and deputy chartered accountant/auditor respectively for the financial year from 1st January 2007 to 31st December 2007.
6. Approved of the distribution of part of the fiscal year 2006 profits to the employees.
7. Approved the election of members of the Board Mr. Kyriakos N. Kofinas and Mr. Christos E. Christou in replacement of the resigned Mrs. Maria B. Houmi and Mr. Ioannis V. Giannakopoulos. Also granted the election of Mr. Savvas D. Hatzioannou as vice-chairman of the Board and the election of Mr. Nicholas A. Argyros as executive member of the Board.
8. Approved the election of the new Board of Directors which is as follows: Athanasios D. Hatzioannou, Savvas D. Hatzioannou, Haralambos E. Xylouris, Vasileios P. Tsiganos and Konstantinos L. Apostolakis.
9. As per the miscellaneous issues on the daily agenda, the group's President and the group's CEO referred briefly to the group's history, its main business activity as well as the prospects for the current fiscal year.