The Annual General Meeting of the shareholders of FRIGOGLASS S.A.I.C. took place on 8 June 2007. 53 shareholders representing 29.964.149 shares, out of a total number of 40.000.000, i.e. shareholders representing 74.91% of the Company's share capital were present or represented and voted at the Meeting.
The following matters on the Agenda were discussed and the following decisions were made:
1) The Management Report by the Board of Directors and the Report of the Company's Chartered Auditor-Accountant on the Company's Financial Statements and activities for the fiscal year 2006 (01.01.2006 - 31.12.2006) were submitted.
2) The Company's annual Financial Statements for the fiscal year 2006 (01.01.2006 - 31.12.2006) and the consolidated Financial Statements were submitted and approved.
3) The members of the Board of Directors and the Auditors of the Company were released from any liability for their activity during the fiscal year 2006 (01.01.2006 - 31.12.2006).
4) The remuneration of the members of the Board of Directors for their participation in the meetings of the Board of Directors and their services to the Company for the fiscal year 2006 (01.01.2006 - 31.12.2006) was approved and their remuneration for the fiscal year 2007 (01.01.2007 - 31.12.2007) was pre-approved.
5) PricewaterhouseCoopers were elected as Statutory Auditors for the fiscal year 2007 (1.1.2007 - 31.12.2007) and the Board of Directors was authorised to determine their fees.
6) The distribution of fiscal year 2006 (01.01.2006 - 31.12.2006) dividend of EUR 0.32 per share was approved. Holders of shares at the closing of the Athens Exchange on 12th of June 2007 will be entitled to receive the dividend. As of 13th of June 2007, the Company's share will trade ex dividend. The distribution of dividend will commence on 20th of June 2007.
7) Approved the adoption of a stock option plan for executives of the Company and its affiliate companies, in accordance with article 13, para. 9 of Codified Law 2190/1920.
8) Upon the resignation of a member of the Board of Directors, a new member was elected. The new Board of Directors consists of the following individuals: Mr Charalambos David, Mr Ioannis Androutsopoulos, Mr Dimitrios Lois, Mr Loukas Komis, Mr Evangelos Kaloussis, Mr Christodoulos-Robert Leventis, Ms Alexandra Papalexopoulou, Mr Victor Pisante, Mr Vassilios Fourlis.
The term of the Board of Directors will expire in the Annual General Meeting of the shareholders which will be convened until the 30th of June 2009.