The Annual General Meeting of the Shareholders of "SIDENOR, STEEL PRODUCTS MANUFACTURING COMPANY, S.A.", was held at ATHENS IMPERIAL HOTEL, Karaiskaki Sq., Athens, on Tuesday, June 16, 2009 at 12:30 hours, pursuant to the pertinent notice of the Company's Board of Directors, dated May 20, 2009.
The General Meeting, with a total number of shares represented 69.462.964, out of a total of 96.129.491 (thus 72.26%) (45 shareholders present whether in person or by proxy), approved the Company's Annual Financial Statements for the financial year 2008, together with the BoD Report and the Auditors' Reports (69.413.490 votes or 72.21%), decided to discharge the members of the Board and the Auditors from any liability for damages regarding the financial year 2008 (69.462.964 votes). Then, the General Meeting approved the distribution of the profits for the year 2008 and decided not to distribute dividend for the fiscal year 2008 (69.462.964 votes or 72.26%).
Then the General Meeting elected as auditors for the financial year 2009 the audit firm "PriceWaterHouseCoopers", their remuneration following their pertinent offer (69.462.964 votes).
Also the General Meeting approved (69.462.964 votes) as members of the new Board of Directors, the following
1. George Kalfarentzos
2. Nikolaos Koudounis
3. Efstathios Striber, independent member
4. George Passas
5. Ioannis Oikonomou
6. Athanassios Mitropoulos
7. Sarados Milios
8. Dimitrios Paraskevopoulos
9. Andreas Kyriazis, independent member
The term of office of the above Board members will start on the day after their election and it will terminate at the date of the A.G.M. of the year 2010. The General Meeting also approved the amounts to be paid to the Board members as remuneration (69.462.964 votes).
Additionally, the General Meeting approved (69.462.964 votes) as members of the Audit Committee according to article 37 of L 3693/2008, the following
1. Dimitrios Paraskevopoulos
2. Ioannis Oikonomo
3. Andreas Kyriazis, independent, non executive member