BIOTER S.A.
Announcement
The company announces that its shareholders meeting at Annual General Meeting on 30 June 2008, according to the May 26, 2008 Call of the Board
The General Assembly attended sixteen (16) shareholders and shareholder representatives, who represented 27,567,252 votes, percentage 39.20% of the total 70,319,016 shares of the company.
The discussions and decisions taken in the following subjects on the agenda:
1. The first item on the agenda, the General Assembly unanimously approved the financial statements and reports of the Board of Directors and Auditors of 31.12.2007 on corporate and consolidated basis.
2. The second item on the agenda the General Assembly unanimously approved the proposal of the Board for the distribution of profits.
We note that the company after the implementation of IFRS unable to distribute dividend for the use of 2007, because it has losses of previous years to offset so in accordance with Article 45/2190/20 can not be distributed dividend.
3. The third item on the agenda the General Assembly decided unanimously by special vote in the discharge of the Board of Directors and auditors from any liability for compensation on the balance sheet and overall management of the use of 2007.
4. The fourth item on the agenda the General Assembly decided unanimously to award the regular audit of financial statements for the year 2008 in the audit company "BDO STANDARD GREEK AUDIT SA" and suggested as a regular controller, auditor Mr. GEORGE BATSOULIS of Anastasios, A.M. SOEL 14001 and as deputy auditor the auditor Mr. ANDREAS TSAMAKIS of Demetriou, A.M. SOEL 17101. The audit fees will be the minimum set by the Supervisory Board of Auditors House Accountants.
5. The fifth item on the agenda the General Assembly decided unanimously approving the fees paid to members of the Governing Council to provide services with Bull Services total 442.335,12 euros. It also provides for pre-payment fees to members of the Board for their participation in it, and additional services offered by the operation of the company amounting to the amount of 800.000,00 euros in total.
6. The sixth item on the agenda the General Assembly gave approval to members of the Board of Directors and the Company's participation in management companies which are linked in any way with the company.
7. The seventh item on the agenda the General Assembly unanimously approved an amendment, supplement, and renumbering repeal provisions of the Statute of the company for purposes of adjustment and alignment with the Law 3604/2007.
8. The eighth item on the agenda, the CEO of the company gave to the General Assembly information and details about the work and progress of the company.
All decisions of the Annual General Meeting and approved unanimously taken by a majority 39.20% of the share capital.
The General Assembly attended sixteen (16) shareholders and shareholder representatives, who represented 27,567,252 votes, percentage 39.20% of the total 70,319,016 shares of the company.
The discussions and decisions taken in the following subjects on the agenda:
1. The first item on the agenda, the General Assembly unanimously approved the financial statements and reports of the Board of Directors and Auditors of 31.12.2007 on corporate and consolidated basis.
2. The second item on the agenda the General Assembly unanimously approved the proposal of the Board for the distribution of profits.
We note that the company after the implementation of IFRS unable to distribute dividend for the use of 2007, because it has losses of previous years to offset so in accordance with Article 45/2190/20 can not be distributed dividend.
3. The third item on the agenda the General Assembly decided unanimously by special vote in the discharge of the Board of Directors and auditors from any liability for compensation on the balance sheet and overall management of the use of 2007.
4. The fourth item on the agenda the General Assembly decided unanimously to award the regular audit of financial statements for the year 2008 in the audit company "BDO STANDARD GREEK AUDIT SA" and suggested as a regular controller, auditor Mr. GEORGE BATSOULIS of Anastasios, A.M. SOEL 14001 and as deputy auditor the auditor Mr. ANDREAS TSAMAKIS of Demetriou, A.M. SOEL 17101. The audit fees will be the minimum set by the Supervisory Board of Auditors House Accountants.
5. The fifth item on the agenda the General Assembly decided unanimously approving the fees paid to members of the Governing Council to provide services with Bull Services total 442.335,12 euros. It also provides for pre-payment fees to members of the Board for their participation in it, and additional services offered by the operation of the company amounting to the amount of 800.000,00 euros in total.
6. The sixth item on the agenda the General Assembly gave approval to members of the Board of Directors and the Company's participation in management companies which are linked in any way with the company.
7. The seventh item on the agenda the General Assembly unanimously approved an amendment, supplement, and renumbering repeal provisions of the Statute of the company for purposes of adjustment and alignment with the Law 3604/2007.
8. The eighth item on the agenda, the CEO of the company gave to the General Assembly information and details about the work and progress of the company.
All decisions of the Annual General Meeting and approved unanimously taken by a majority 39.20% of the share capital.