ΤΡΟΠΑΙΑ Α.Ε.Β.Ε.
Resolutions of the 1st Extraordinary General Meeting
SANYO HELLAS HOLDINGS S.A hereby announces that the 1st Extraordinary General Meeting of its Shareholders, held on 09.12.2008, was duly attended by 25 shareholders who held 32.204.187 shares and voting rights, representing 63,04% of the Company's share capital. The following matters were discussed and decided on during the said meeting:
Matter 1: Decrease of the company's share capital by offsetting losses of prior years with a decrease of the nominal value of each share, amendment of article 5 of the company's articles of association due to the above and codification thereof into a unified text.
The Extraordinary General Meeting of the shareholders unanimously approved the decrease of the company's share capital by 43.421.394,05 Euros with a decrease of the nominal value of the company's share from 1,85 Euros to 1,00 Euros in order to offset the losses of prior years and the amendment of article 5 of the company's articles of association and the codification thereof into a unified text. Thus, the company's share capital has changed and amounts to 51.083.993,00 Euros divided into 51.083.993 common registered shares of a nominal value of 1,00 Euros each.
Matter 2: Treasury shares purchase approval pursuant to article 16, of C.L. 2190/1920 as applies and specify the terms. Provision of authorization to the Company Board of Directors for observance of legally enouncements.
The Extraordinary General Meeting of the shareholders unanimously approved the purchase of owned shares, pursuant to article 16 of codified law 2190/1920, with the following terms: up to 10% of the paid-in share capital, i.e. up to 5.108.399 shares, at a minimum price of 0,10 Euros per share and a maximum price of 2,00 Euros per share, within a period of 24 months from the adoption of the relevant decision of the General Meeting. The purpose of the stock buy-back program is the decrease of the Company's capital. Also, the Board of Directors was authorized to execute the stock buy-back and to arrange the relevant formalities.
Matter 3: Miscellaneous decisions and announcements
The President of the Company informed the Shareholders of various matters concerning the Company's current business activities.
Matter 1: Decrease of the company's share capital by offsetting losses of prior years with a decrease of the nominal value of each share, amendment of article 5 of the company's articles of association due to the above and codification thereof into a unified text.
The Extraordinary General Meeting of the shareholders unanimously approved the decrease of the company's share capital by 43.421.394,05 Euros with a decrease of the nominal value of the company's share from 1,85 Euros to 1,00 Euros in order to offset the losses of prior years and the amendment of article 5 of the company's articles of association and the codification thereof into a unified text. Thus, the company's share capital has changed and amounts to 51.083.993,00 Euros divided into 51.083.993 common registered shares of a nominal value of 1,00 Euros each.
Matter 2: Treasury shares purchase approval pursuant to article 16, of C.L. 2190/1920 as applies and specify the terms. Provision of authorization to the Company Board of Directors for observance of legally enouncements.
The Extraordinary General Meeting of the shareholders unanimously approved the purchase of owned shares, pursuant to article 16 of codified law 2190/1920, with the following terms: up to 10% of the paid-in share capital, i.e. up to 5.108.399 shares, at a minimum price of 0,10 Euros per share and a maximum price of 2,00 Euros per share, within a period of 24 months from the adoption of the relevant decision of the General Meeting. The purpose of the stock buy-back program is the decrease of the Company's capital. Also, the Board of Directors was authorized to execute the stock buy-back and to arrange the relevant formalities.
Matter 3: Miscellaneous decisions and announcements
The President of the Company informed the Shareholders of various matters concerning the Company's current business activities.