KLEEMANN HELLAS S.A. announces that, according to the Athens Exchange S.A. Regulation, on Tuesday 23 June 2009 at 14:00 p.m., its shareholders assembled at the scheduled Annual Regular General Meeting at the head offices (Industrial Area of Stavrochori - Kilkis). Thirteen (13) shareholders were present, owners of 17.272.184 shares of total 23.648.700 number of shares, namely the 73,04%. On the topics of the General Meeting the shareholders acting unanimously:
1. Approved the Annual Financial Statements (Group and Company) of the fiscal year 2008 and the relevant Board of Directors and Auditor's Reports.
2. Released the members of the Board of Directors and the Auditor from any liability for damages associated with the performance of their duties during the 2008 Fiscal Period.
3. Ratification of the way that profits for the fiscal year of 2008, should be distributed, and approved the dividend distribution to the shareholders. The date of determination of the beneficiaries of the dividend is set as the Friday 17th July 2009. The beneficiaries of the dividend are those persons registered in the records of the DSS on the above-mentioned date of determination of beneficiaries (record date). The ex date is set as the Wednesday 15th July 2009. The payment of the dividend of the financial year 2008 will start on Thursday 23rd 2009. More information about the distribution of the dividend will be given by a separate announcement.
4. Approved the remunerations of members of the Board of Directors for fiscal year 2008 and prior approved the remunerations for fiscal year 2009.
5. The auditing company KPMG Certified Auditors A.E. (AM SOEL 114) was elected as chartered auditors for the fiscal year 2009 for auditing the interim and annual financial statements according to the law, with remuneration according to their offer. Mr. Anastasios Panayides, (AM SOEL 37581) was defined by KPMG Certified Auditors A.E. as regular Certified Auditor Accountant and Mr. Michael A. Kokkinos (AM SOEL 12701) as alternate.
6. Elected a new 7-member Board of Directors the duty of which ends at 30/06/2014. The elected members are: 1) Nikolaos K. Koukountzos, 2) Menelaos K. Koukountzos, 3) Konstantinos N. Koukountzos, 4) Nikolaos N. Koukountzos, 5) Dimitrios A. Daios, 6) Stergios N. Georgalis (Independent Member), 7) Vasilios T. Ziogas (Independent Member).
7. Approved the constitution of the Audit Committee in accordance with the article 37 of law 3693/2008. The elected members of the Audit Committee are: 1) Dimitrios A. Daios (non Executive Member), 2) Stergios N. Georgalis (Independent non Executive Member), 3) Vasilios T. Ziogas (Independent non Executive Member).
8. Regarding the 8th item, the Annual General Meeting did not make any decision. Finally, the president, Mr Nikolaos N. Koukountzos, announced that the shareholders of the minority of the subsidiary company "Moda Cabina" who hold the 15% of Moda Cabinas' share capital opted out their participation in the company because they could no longer meet the company's obligations. The above shareholders offered their percentage of 15% of the share capital to the parent company in a symbolic price. Kleemann acquired the above percentage in order to continue the operation of Moda Cabina. According to the law and the Articles of Association an increase of the share capital will take place of the amount of 1.000.000 euros which will be covered in whole from the parent company.