GRIVALIA PROPERTIES Α.Ε.Ε.Α.Π.
Resolutions of Eurobank Properties REIC?s Annual Shareholders Meeting
Eurobank Properties REIC (the Company) announces the following:
A. The Annual General Meeting of March 16th, 2009, with a 78,4% quorum of the paid up share capital resolved the following in respect of the items of the Agenda, as described in the Invitation dated February 18th,2009:
Item 1: The approval of the annual financial statements for the year 2008, the distribution of profit and the payment of dividend amounting to euro 0.52 per share. Given the interim dividend distribution for the year 2008 amounted to euro 0.15, the remaining dividend to be distributed to the shareholders amounts to euro 0.37 per share. From Thursday, March 19th, 2009, the share will be traded on the Athens Exchange without the right to dividend. Dividend payment will commence on Monday March 30th, 2009, through the payment Bank, EFG Eurobank Ergasias S.A
Item 2: To release the members of the Board of Directors and the Auditors of the Company from any liability for their activity during the financial year ended on December 31st 2008.
Item 3: The appointment of the auditors PriceWaterhouseCoopers for the financial year 2009. Fees will be determined according to the decisions of the Supervising Board of Certified Public Accountants in Greece.
Item 4: The appointment of the sworn-in certified valuer (surveyor) and the appointment of an alternate valuer of the Company for the financial year 2009. In accordance with c.l. 2778/1999, the fees may now be agreed by mutual consent.
Item 5: The approval of the increase in the remuneration of members of the Board of Directors from 01.01.2009 according to the article 23a c.l. 2190/1920
Item 6: The permission in accordance with article 23 par. 1 of c.l.2190/1920 to the Directors and Executives of the Company to participate on the Board of Directors or the management of Companies (shareholders) owning above 5% and with similar objectives to those of the Company.
Item 7: The acquisition of Treasury (own) shares by the Company under the share buy-back program according to article 16 of c.l. 2190/1920, for a period of up to twenty four months from today, at a maximum price of euro 9 per share and a minimum price of euro 2.13. The maximum number of own shares to be acquired will not exceed 2% of the total number of Company's shares outstanding at any time.
Item 8: The amendment of the article 3 of the Articles of Association of the Company, in order to comply with law 2178/1999 following its amendment by law 3581/2007.
Item 9: The amendment of the article 9 of the Articles of Association of the Company, regarding the persons who signs Board of Directors minutes.
The above mentioned resolutions of the General Meeting will be implemented after obtaining the relevant approvals from the competent supervisory authorities and after the completion of all relevant formalities.
A. The Annual General Meeting of March 16th, 2009, with a 78,4% quorum of the paid up share capital resolved the following in respect of the items of the Agenda, as described in the Invitation dated February 18th,2009:
Item 1: The approval of the annual financial statements for the year 2008, the distribution of profit and the payment of dividend amounting to euro 0.52 per share. Given the interim dividend distribution for the year 2008 amounted to euro 0.15, the remaining dividend to be distributed to the shareholders amounts to euro 0.37 per share. From Thursday, March 19th, 2009, the share will be traded on the Athens Exchange without the right to dividend. Dividend payment will commence on Monday March 30th, 2009, through the payment Bank, EFG Eurobank Ergasias S.A
Item 2: To release the members of the Board of Directors and the Auditors of the Company from any liability for their activity during the financial year ended on December 31st 2008.
Item 3: The appointment of the auditors PriceWaterhouseCoopers for the financial year 2009. Fees will be determined according to the decisions of the Supervising Board of Certified Public Accountants in Greece.
Item 4: The appointment of the sworn-in certified valuer (surveyor) and the appointment of an alternate valuer of the Company for the financial year 2009. In accordance with c.l. 2778/1999, the fees may now be agreed by mutual consent.
Item 5: The approval of the increase in the remuneration of members of the Board of Directors from 01.01.2009 according to the article 23a c.l. 2190/1920
Item 6: The permission in accordance with article 23 par. 1 of c.l.2190/1920 to the Directors and Executives of the Company to participate on the Board of Directors or the management of Companies (shareholders) owning above 5% and with similar objectives to those of the Company.
Item 7: The acquisition of Treasury (own) shares by the Company under the share buy-back program according to article 16 of c.l. 2190/1920, for a period of up to twenty four months from today, at a maximum price of euro 9 per share and a minimum price of euro 2.13. The maximum number of own shares to be acquired will not exceed 2% of the total number of Company's shares outstanding at any time.
Item 8: The amendment of the article 3 of the Articles of Association of the Company, in order to comply with law 2178/1999 following its amendment by law 3581/2007.
Item 9: The amendment of the article 9 of the Articles of Association of the Company, regarding the persons who signs Board of Directors minutes.
The above mentioned resolutions of the General Meeting will be implemented after obtaining the relevant approvals from the competent supervisory authorities and after the completion of all relevant formalities.