ΜΕΤΚΑ ΒΙΟΜ/ΚΗ - ΚΑΤΑΣΚΕΥ/ΚΗ
DECISIONS TAKEN BY THE ANNUAL GENERAL MEETING-CORRECTION
During the Annual General Meeting of the company's shareholders, which took place on Thursday 7 May 2009, 12:00am, in the GAIA hall in the CAPSIS CULTURAL EXHIBITION and CONFERENCE CENTER, in 10 Parnonos street, in the municipality of Marousi in Attiki, wherein 47 shareholders representing 32,014,990 shares, namely, an approximate 61,63% percentage of the Company's paid up share capital, decisions on all the issues of the agenda were taken by legal vote, as follows:
1. The Individual and Consolidated Financial statements of the previous year, namely, from 01.01.2008 to 31.12.2008, as well as the relevant reports of the Board of Directors and the Chartered Auditors were approved by absolute majority, namely by 31,923,616 votes of 44 shareholders equivalent to 99,71% of the represented shares with 36.915 votes of represented shares abstaining.
2. The payment of a dividend of 0,40? per share originating from the profits of financial year 2008 was approved by absolute majority, namely by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares. Such dividend shall be clipped on 11.05.09 and shall be paid from 19.05.09, pursuant to the Regulations of the Athens Stock Exchange.
3. Following the voting of the Balance Sheet, the General Meeting discharged by absolute majority the Board of Directors and the Auditors from any compensation liability with regard to the activities carried out and the management in general in connection with the financial year from 01.01.2008 to 31.12.2008, namely by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares.
4. Following that, Mr. Paul Stellakis, son of Lambros, (Association of Chartered Auditors no.24941) member of Auditing Company GRANT THORNTON S.A was elected as regular chartered auditor and Mr.Vasilios Kazas, son of Constantine (Association of Chartered Auditors no.13281) of the same Auditing Company was approved as alternate chartered auditor by absolute majority, namely, by 31,924,466 votes of the 44 of the shareholders equivalent to 99,72% of the shares represented while their fee was approved also.
5. The fees of the members of the Board of Directors for financial year 2008 pursuant to articles 23a and 24 of Law 2190/1920 were approved by absolute majority, namely by 31,805,693 votes of the 32 shareholders equivalent to 99,35% of the represented shares while their fees for the current financial year were approved to remain the same for the current year.
6. It is announced to the General Meeting and it is approved by absolute majority by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares, the election of Mr. Panagiotis Gardelinos , as a new member of the Board of Directors in replacement of the member Mr. Stamatis Giannakopoulos who resigned. The term of service of the new member of the Board of Directors Mr, Panagiotis Gardelinos will be the same as the term of Mr. Giannakopoulos and the other members of the Board of Directors, namely until the convocation of the General Meeting of Shareholders which shall approve the activities of the year from 01.01.2011 to 31.12.2011.
7. It is verified by absolute majority by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares, according to the article 37 of the law 3693/2008 the election of the members of the Audit Committee of the Company as follows: Μr. George Pallas as Chairman, N. Bakirtzoglou and Joseph Avagianos as members.
8. Finally, the Company's activity and development were also presented at the General Meeting, by Paul Smith, Sales Director, who also informed the shareholders about the reorganization of the company to facilitate its continued growth.
Additionally the President of the Board of Directors Mr. Ioannis Mytilineos referred to the Company's progress and its continuous efforts for further development which have already established the Company as one of the few EPC contractors word-wide whilst creating the basis for its further development in new technological areas. Additionally, the Chairman of METKA mentioned that the results of the Financial
Year 2008 were negatively affected by the delay in the execution of the Aliveri Unit 5 project of the Public Power Corporation (PPC), and added that the negative impact of the still pending issue will affect the results of the first and second quarters of 2009. On the same subject Mr. Mytilineos added that the Chairman of PPC in a meeting on 6.5.09 had given assurances that, except for possible unforeseen events, PPC will have obtained all of the necessary permits and fulfilled all conditions for the project to proceed within May 2009. If this is indeed correct, and under the condition that PPC and METKA agree in a timely way the coverage of the losses incurred by the Contractor and the necessary contract modifications, then the results of METKA for the full year are expected to be in the range of the level achieved for 2008.
1. The Individual and Consolidated Financial statements of the previous year, namely, from 01.01.2008 to 31.12.2008, as well as the relevant reports of the Board of Directors and the Chartered Auditors were approved by absolute majority, namely by 31,923,616 votes of 44 shareholders equivalent to 99,71% of the represented shares with 36.915 votes of represented shares abstaining.
2. The payment of a dividend of 0,40? per share originating from the profits of financial year 2008 was approved by absolute majority, namely by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares. Such dividend shall be clipped on 11.05.09 and shall be paid from 19.05.09, pursuant to the Regulations of the Athens Stock Exchange.
3. Following the voting of the Balance Sheet, the General Meeting discharged by absolute majority the Board of Directors and the Auditors from any compensation liability with regard to the activities carried out and the management in general in connection with the financial year from 01.01.2008 to 31.12.2008, namely by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares.
4. Following that, Mr. Paul Stellakis, son of Lambros, (Association of Chartered Auditors no.24941) member of Auditing Company GRANT THORNTON S.A was elected as regular chartered auditor and Mr.Vasilios Kazas, son of Constantine (Association of Chartered Auditors no.13281) of the same Auditing Company was approved as alternate chartered auditor by absolute majority, namely, by 31,924,466 votes of the 44 of the shareholders equivalent to 99,72% of the shares represented while their fee was approved also.
5. The fees of the members of the Board of Directors for financial year 2008 pursuant to articles 23a and 24 of Law 2190/1920 were approved by absolute majority, namely by 31,805,693 votes of the 32 shareholders equivalent to 99,35% of the represented shares while their fees for the current financial year were approved to remain the same for the current year.
6. It is announced to the General Meeting and it is approved by absolute majority by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares, the election of Mr. Panagiotis Gardelinos , as a new member of the Board of Directors in replacement of the member Mr. Stamatis Giannakopoulos who resigned. The term of service of the new member of the Board of Directors Mr, Panagiotis Gardelinos will be the same as the term of Mr. Giannakopoulos and the other members of the Board of Directors, namely until the convocation of the General Meeting of Shareholders which shall approve the activities of the year from 01.01.2011 to 31.12.2011.
7. It is verified by absolute majority by 31,924,466 votes of the 44 shareholders equivalent to 99,72% of the represented shares, according to the article 37 of the law 3693/2008 the election of the members of the Audit Committee of the Company as follows: Μr. George Pallas as Chairman, N. Bakirtzoglou and Joseph Avagianos as members.
8. Finally, the Company's activity and development were also presented at the General Meeting, by Paul Smith, Sales Director, who also informed the shareholders about the reorganization of the company to facilitate its continued growth.
Additionally the President of the Board of Directors Mr. Ioannis Mytilineos referred to the Company's progress and its continuous efforts for further development which have already established the Company as one of the few EPC contractors word-wide whilst creating the basis for its further development in new technological areas. Additionally, the Chairman of METKA mentioned that the results of the Financial
Year 2008 were negatively affected by the delay in the execution of the Aliveri Unit 5 project of the Public Power Corporation (PPC), and added that the negative impact of the still pending issue will affect the results of the first and second quarters of 2009. On the same subject Mr. Mytilineos added that the Chairman of PPC in a meeting on 6.5.09 had given assurances that, except for possible unforeseen events, PPC will have obtained all of the necessary permits and fulfilled all conditions for the project to proceed within May 2009. If this is indeed correct, and under the condition that PPC and METKA agree in a timely way the coverage of the losses incurred by the Contractor and the necessary contract modifications, then the results of METKA for the full year are expected to be in the range of the level achieved for 2008.