HERACLES GENERAL CEMENT COMPANY S.A.
Decisions of the Ordinary General Meeting of the Company's shareholders
During the 97th Ordinary General Meeting of the Company's shareholders, the following decisions were taken:
1. The Ordinary General Meeting approved the election of the members of the Board of Directors in replacement of the resigned ones, according to article 18 of the Company's Articles of Association. It is mentioned that the Board of Directors of the company has as following: Manolis Chris Kyprianides, Chairman of the Board, non-executive member, Entrepreneur. Eric Meuriot, Vice Chairman, non-executive member, Lafarge Corporate Center President of Mediterranean Region & Trading. Saad Sebbar, Managing Director, executive member. Jean-Charles Blatz, Member, non-executive member, Lafarge Corporate Center General Manager of Concrete & Aggregates. Ulrich Glaunach, Member, non-executive member, Lafarge Cement Division Group Executive Vice President. Jean-Jacques Gauthier, Member, non-executive member, Lafarge Corporate Center Group Executive Vice President Finance. Albert Corcos, Member, non-executive member, Lafarge South Africa Managing Director. Christos Sorotos, Member, independent, non-executive member, Citigroup General Manager. Agissilaos Karambelas, Member, independent, non-executive member, Lawyer.
2. It also approved the Managing Report of the Board of Directors, the Auditing Certificate of the Chartered Auditors and the Annual Financial Statements of the financial year 1.1. - 31.12.2006, as well as the Explanatory Report of the Board of Directors according to article 11a of Law 3371/2005. The General Meeting resolved upon the payment of net dividend of one (1) euro per share for the year 2006. Beneficiaries of the dividend are all shareholders of the Company by the expiry of the session of Athens Stock Exchange on Monday, June 18th, 2007. The shares will be traded ex-dividend at the Athens Exchange as of Tuesday, June 19th, 2007. The payment of the dividend for the year 2006 will begin on Wednesday, June 27th, 2007. In accordance with article 329 of the Athens Stock Exchange Regulations and article 39 of the Regulation of the Central Securities Depository (already Hellenic Stock Exchanges S.A.), dividend shall be paid by the National Bank of Greece.
3. The Shareholders' Meeting discharged the Board Members and Auditors from any liability for damages whatsoever for the financial year 2006.
4. It also elected Auditors, Regular and Substitute, for the financial year 2007 and defined their fees.
5. It approved the remuneration and compensations of the Members of the Board of Directors for the financial year 2006 and pre-approved of their remuneration until the Ordinary Shareholders' Meeting of 2008. The General Meeting also granted permission for the conclusion of agreements with Members of the Company's Board of Directors.
6. Pursuant to article 23 par. 1 of the C.L. 2190/1920, the General Meeting granted to the Members of the Board of Directors and the Managers of the Company permission to participate in the Board of Directors' Meetings or in the Management of the Group?s Companies, which pursue the same or similar goals.
7. Miscellaneous Issues and announcements: There were no miscellaneous issues and no announcements were made.
41 shareholders were present or represented by proxy at the General Meeting, representing 59.158.944 shares, i.e. 83,23 % of the paid up share capital.
1. The Ordinary General Meeting approved the election of the members of the Board of Directors in replacement of the resigned ones, according to article 18 of the Company's Articles of Association. It is mentioned that the Board of Directors of the company has as following: Manolis Chris Kyprianides, Chairman of the Board, non-executive member, Entrepreneur. Eric Meuriot, Vice Chairman, non-executive member, Lafarge Corporate Center President of Mediterranean Region & Trading. Saad Sebbar, Managing Director, executive member. Jean-Charles Blatz, Member, non-executive member, Lafarge Corporate Center General Manager of Concrete & Aggregates. Ulrich Glaunach, Member, non-executive member, Lafarge Cement Division Group Executive Vice President. Jean-Jacques Gauthier, Member, non-executive member, Lafarge Corporate Center Group Executive Vice President Finance. Albert Corcos, Member, non-executive member, Lafarge South Africa Managing Director. Christos Sorotos, Member, independent, non-executive member, Citigroup General Manager. Agissilaos Karambelas, Member, independent, non-executive member, Lawyer.
2. It also approved the Managing Report of the Board of Directors, the Auditing Certificate of the Chartered Auditors and the Annual Financial Statements of the financial year 1.1. - 31.12.2006, as well as the Explanatory Report of the Board of Directors according to article 11a of Law 3371/2005. The General Meeting resolved upon the payment of net dividend of one (1) euro per share for the year 2006. Beneficiaries of the dividend are all shareholders of the Company by the expiry of the session of Athens Stock Exchange on Monday, June 18th, 2007. The shares will be traded ex-dividend at the Athens Exchange as of Tuesday, June 19th, 2007. The payment of the dividend for the year 2006 will begin on Wednesday, June 27th, 2007. In accordance with article 329 of the Athens Stock Exchange Regulations and article 39 of the Regulation of the Central Securities Depository (already Hellenic Stock Exchanges S.A.), dividend shall be paid by the National Bank of Greece.
3. The Shareholders' Meeting discharged the Board Members and Auditors from any liability for damages whatsoever for the financial year 2006.
4. It also elected Auditors, Regular and Substitute, for the financial year 2007 and defined their fees.
5. It approved the remuneration and compensations of the Members of the Board of Directors for the financial year 2006 and pre-approved of their remuneration until the Ordinary Shareholders' Meeting of 2008. The General Meeting also granted permission for the conclusion of agreements with Members of the Company's Board of Directors.
6. Pursuant to article 23 par. 1 of the C.L. 2190/1920, the General Meeting granted to the Members of the Board of Directors and the Managers of the Company permission to participate in the Board of Directors' Meetings or in the Management of the Group?s Companies, which pursue the same or similar goals.
7. Miscellaneous Issues and announcements: There were no miscellaneous issues and no announcements were made.
41 shareholders were present or represented by proxy at the General Meeting, representing 59.158.944 shares, i.e. 83,23 % of the paid up share capital.