On 07.01.2008, Monday and at 12 noon, the Extraordinary General Shareholders Meeting of NIREUS SA took place at the company's registered offices. During the General Meeting, 30 shareholders representing 38,667 % of the company's shares with voting right were present (19.925.015 shares out of 51.530.273shares), and thus the company had the required by law quorum to make decision on all the daily agenda issues.
The agenda of the meeting was:
1. The raising of a joint bond loan up to 110 mi. euros, in compliance with the provisions of Law 3156/03, to refinance existing loans and improve the existing debt structure.
2. Grant authorization to the Board of Directors to decide upon the Banks that will participate in the raising of the aforementioned loan, to negotiate the particular terms of the loan and designate the persons authorized to undertake all the requisite actions and sign all the relevant drafts for the conclusion of the bond
3. A change in the use of funds raised from the Share Capital Increase of 9.7.2007
4. Approvals to provide and receive guarantees in compliance with article 23 of Law 2190/1920
5. Sundry decisions and announcements.
There was a change to the amount of the bond loan from 110 mi euros (as it has been previously announced) to 90 mi. euros because 25 mi. euros from the existing loans will be refinanced from Piraeus Bank for 10 years under favorable terms.
All the subjects in the agenda were approved as follows:
On the first three subjects 99,984 % (19.921.734 shares) voted for and 0,016 % ( 3.281 shares) abstained. On the fourth subject 99,596% (19.844.483 shares) voted for, 0,388 % (77.251 shares) voted against and 0,016 % ( 3.281 shares) abstained.