F.G. EUROPE Α.Ε.
Annual General Assembly of Shareholders .
In accordance with article 4.1.3.3 of the Athens Exchange Rulebook, the Company proceeds to the following announcement:
The Company's Annual General Assembly of Shareholders convened today, Tuesday, April 14, 2009 with the attendance of seven (7) of the Company's Shareholders, representing 65.72% of the total number of Shareholders, and resolved on the following matters of the agenda as follows:
1. Financial Statements, Company and Consolidated, for the fiscal year from January 1, 2008 to December 31, 2008 were unanimously approved.
2. The Board of Directors proposal for the distribution of dividend in the total amount of Euro 13.992 million, or Euro 0.265 per share, was unanimously approved. As from Thursday, April 16, 2009 the company shares will trade on the Athens Exchange without dividend rights. Beneficiaries of the dividend will be holders of the company shares on Wednesday April 22, 2009 (record date). Payment of the dividend will begin on Tuesday, April 28, 2009.
3. Members of the Board of Directors and Certified Auditors were unanimously released from any liability for indemnity with regard to the fiscal year January 1, 2008 to December 31, 2008.
4. Compensation and remuneration fees to independent non executive members of the Board of Directors for the year 2008 paid was unanimously approved and respective amounts to be paid for the year 2009, were preliminarily approved.
5. Permission, in accordance with article 23 (a), Codified Law 2190/1920, was unanimously given to members of the Board of Directors to enter into any agreements with the Company or between the Company and related to them companies.
6. Permission, according to article 23 par. 1, Codified Law 2190/20, was given to the Members of the Board of Directors and the Company's Managers to participate as members of the Board of Directors or Management of related companies or other companies with similar business activities.
7. The Board of Directors resolution to participate in the Share Capital increase of the Company's 40% subsidiary company, R.F. Energy S.A. was ratified.
8. The Company SOL S.A. and Mr. Panagiotis Voustouris, Certified Auditor, were unanimously nominated to audit the Company for the fiscal year January 1st, 2009 to December 31st, 2009.
9. Agreements entered between the Company and its related companies were unanimously approved.
Finally, mention was made to the high dividend yield offered by the Company to its shareholders, the up-to-date positive course of the Company's share price, the up-to-date positive course of the Company and the Group, Management's strategic planning and decided actions against the financial crisis, and the positive course of exports to Turkey and the Balkans. Moreover, the Company and the Group's potential were also highlighted, and especially these of the Company's subsidiary, active in the energy sector, R.F. Energy S.A. and its subsidiaries.
The Company's Annual General Assembly of Shareholders convened today, Tuesday, April 14, 2009 with the attendance of seven (7) of the Company's Shareholders, representing 65.72% of the total number of Shareholders, and resolved on the following matters of the agenda as follows:
1. Financial Statements, Company and Consolidated, for the fiscal year from January 1, 2008 to December 31, 2008 were unanimously approved.
2. The Board of Directors proposal for the distribution of dividend in the total amount of Euro 13.992 million, or Euro 0.265 per share, was unanimously approved. As from Thursday, April 16, 2009 the company shares will trade on the Athens Exchange without dividend rights. Beneficiaries of the dividend will be holders of the company shares on Wednesday April 22, 2009 (record date). Payment of the dividend will begin on Tuesday, April 28, 2009.
3. Members of the Board of Directors and Certified Auditors were unanimously released from any liability for indemnity with regard to the fiscal year January 1, 2008 to December 31, 2008.
4. Compensation and remuneration fees to independent non executive members of the Board of Directors for the year 2008 paid was unanimously approved and respective amounts to be paid for the year 2009, were preliminarily approved.
5. Permission, in accordance with article 23 (a), Codified Law 2190/1920, was unanimously given to members of the Board of Directors to enter into any agreements with the Company or between the Company and related to them companies.
6. Permission, according to article 23 par. 1, Codified Law 2190/20, was given to the Members of the Board of Directors and the Company's Managers to participate as members of the Board of Directors or Management of related companies or other companies with similar business activities.
7. The Board of Directors resolution to participate in the Share Capital increase of the Company's 40% subsidiary company, R.F. Energy S.A. was ratified.
8. The Company SOL S.A. and Mr. Panagiotis Voustouris, Certified Auditor, were unanimously nominated to audit the Company for the fiscal year January 1st, 2009 to December 31st, 2009.
9. Agreements entered between the Company and its related companies were unanimously approved.
Finally, mention was made to the high dividend yield offered by the Company to its shareholders, the up-to-date positive course of the Company's share price, the up-to-date positive course of the Company and the Group, Management's strategic planning and decided actions against the financial crisis, and the positive course of exports to Turkey and the Balkans. Moreover, the Company and the Group's potential were also highlighted, and especially these of the Company's subsidiary, active in the energy sector, R.F. Energy S.A. and its subsidiaries.