RESOLUTIONS OF EXTRAORDINARY GENERAL MEETING
Resolutions of Extraordinary General Meeting
The Anonymous Company under the name «FLEXOPACK ANONYMOUS COMMERCIAL AND INDUSTRIAL PLASTICS COMPANY» and with distinctive title «FLEXOPACK S.A.», (hereinafter referred to for brevity reasons as the «Company»), announces that on Friday 20th of April 2012 at 15:00, at the registered offices of the Company (position Tzima, rural road of Ifaistou, Koropi Attica), the Extraordinary General Meeting of its shareholders was held, which attended in person or by proxy shareholders representing 9.005.782 common registered shares and equal in number voting rights, i.e. percentage 76,84% out of total 11.720.024 shares and of equal in number voting rights of the Company.
The Extraordinary General Meeting of the shareholders of the Company adopted the following resolutions on the agenda topics, as these resolutions are presented based on the voting results by topic, pursuant to those provided in article 10 of Law 3884/2010, which have been posted at the website of the Company (www.flexopack.gr).
On the 1st topic it unanimously approved the increase of the share capital of the Company by the amount of 1.172.002,40 Euros, through the capitalisation of part of the reserve «difference from the issuance of shares above par» and through increase of the nominal value of each share of the Company by 0,10 Euro, i.e. from 0,52 Euro to 0,62 Euro.
Number of shares for which votes were valid: 9.005.782
Percentage of share capital: 76,84%
Total number of valid votes: 9.005.782
Number of votes in favor: 9.005.782
Number of votes against: 0
Number of abstentions (Present): 0
Onthe 2ndtopic it unanimously approved the reduction of the share capital of the Company by the amount of 1.054.802,16 Euros, through reduction of the nominal value of each share of the Company by 0,09 Euro, i.e. from 0,62 Euro to 0,53 Euro and the equal refund - payment of the relevant amount to the shareholders of the Company.
Number of shares for which votes were valid: 9.005.782
Percentage of share capital: 76,84%
Total number of valid votes: 9.005.782
Number of votes in favor: 9.005.782
Number of votes against: 0
Number of abstentions (Present): 0
On the 3rd topic it unanimously approved the relevant, with respect to the above adopted resolutions, amendment of article 5 paragraph 1 of the Articles of Association of the Company in the exact form which has been published and announced by the Company.
Number of shares for which votes were valid: 9.005.782
Percentage of share capital: 76,84%
Total number of valid votes: 9.005.782
Number of votes in favor: 9.005.782
Number of votes against: 0
Number of abstentions (Present): 0
Onthe 4thtopic it unanimously granted to the Board of Directors of the Company the necessary authorizations for the execution of the above decisions regarding the increase and the reduction respectively of the share capital of the Company and in particular authorised the Board of Directors of the Company, to proceed, pursuant to those provided in the Regulation of the Athens Exchange to all the necessary actions and procedures before any competent authority and organisation for the implementation of both the said resolutions, as indicatively stated, the determination of the date of beneficiaries (record date), the ex date, the date of payment - refund and to proceed to all the necessary actions in general for the implementation of the above decision and the refund - payment of the amount of the reduction to the entitled shareholders of the Company.
Number of shares for which votes were valid: 9.005.782
Percentage of share capital: 76,84%
Total number of valid votes: 9.005.782
Number of votes in favor: 9.005.782
Number of votes against: 0
Number of abstentions (Present): 0
On the 5th topic there were no announcements addressed to the attending shareholders.
Koropi, 20th of April 2012
For «FLEXOPACKS.A.»