ATEbank announces that its Annual Ordinary General Shareholders' Meeting was held on May 14, 2008. Present at the Bank's General Meeting were 52 Shareholders (in person or by proxy) representing a total of 703,456,010 shares i.e. 77.69% of the Bank's paid up share capital, and adopted the following resolutions:
1. Approved the Board of Directors' Report on the annual financial statements for the year 2007.
2. Approved the annual financial statements and the Auditors' Report for the year 2007, as well as a dividend distribution of euro 0.10 per share for the year 2007, including the interim dividend of euro 0.05 per share. Subsequently the remaining payable dividend amounts to euro 0.05 per share. As ex-dividend date was determined the 19th of May 2008. The dividend payment will commence on May 27, 2008.
3. Approved the consolidated annual financial statements of ATEbank's Group of companies and the Auditors' Report for the financial year 2007.
4. Approved the discharge of the members of the Board of Directors and the Auditors from any liability for the year 2007.
5. Elected the audit firm KPMG Kyriakou Certified Auditors S.A. for the purpose of auditing the Bank's financial statements and the Group of companies' consolidated financial statements for the year 2008.
6. Approved the remuneration received by the Chairman, Vice Chairmen, non executive members and the Secretary of the Bank's Board of Directors for the year 2007 and pre-approved their remuneration for the year 2008.
7. Approved the remuneration received by the members of the Audit Committee for the year 2007 and pre-approved it for the year 2008.
8. Ratified the election of Mr D. Karnavos as a new member of the Board of Directors in replacement of the resigned member Mr N. Balios.
9. Approved the permission to the members of the BoD and Bank's executives to participate in the B.o.D. or in the management of ATEbank's Group of companies or in companies pursuing similar or related goals.
10. Approved the amendment of the Bank's Articles of Association and alignment thereof with the new provisions of law 2190/1920 (following law 3604/2007) and law 3601/2007 as well as the amendment and completion of articles 5, 7, 10, 11, 12, 13, 14, 15, 16, 22, 23, 25, 26, 28, 29, 30, 31, 33, 35 and forming the Articles of Association into a single text.
11. Approved the own shares buy-back programme in accordance with Article 16 of the c. Law 2190/1920, i.e: a. The Bank may acquire own shares up to 12 months from the date of the A.G.M.'s decision. b. The maximum number of own shares to be acquired will not exceed 2.5% of the total number of the Bank's shares in issue. c. The acquisition of the own shares will take place at a maximum price of euro 4.10 and a minimum price of euro 0.72.
13. Approved the renewal of the insurance contract between ATEbank and Agrotiki Insurance covering the members of the BoD and the administrative executives on liability towards third parties.
14. Authorised the Board of Directors to proceed with the securitisation of loan claims (up to the amount of euro1 billion) and the issuance of bond loans (up to the amount of euro1.69 billion).
15. Ratified the Board of Directors' decision regarding the issuance of a subordinated loan .
16. Ratified the Board of Directors decisions regarding the sale of the participation to the affiliated companies: RODOPI S.A. and ETANAL S.A.
The AGM did not discuss and no decision was taken on topic 12 regarding a stock option plan.