CARS MOTORCYCLES AND MARINE ENGINE TRADE AND IMPORT COMPANY S.A
General Meeting Decisions
MOTODYNAMICS S.A. announces that today, the 29/5/2009 at 10:00 a.m., the Annual General Meeting of Shareholders was held at the companys registered seat in Aspropyrgos (Kyrillos region, Postal Code 19300). 16 Shareholders were present, holding 3.162.966 common nominal shares of a total of 5.130.000, representing a total percentage of 61,66% of the registered capital. Therefore the General Meeting met with the required quorum by law and the companys Articles of Association for all subjects of the Agenda.
The General Meeting unanimously approved, by percentage of 100% of the present votes, i.e. by 3.162.966 shares, the following subjects:
1st Subject: The Annual Financial Report (Company and Group-consolidated) for the financial period 01.01.2008 - 31.12.2008, comprising the Annual Financial Statements (Company and Group) as well as the related Reports of the Board of Directors and the Auditors.
4th Subject: Dividend payment of 0,16 euro per share for the fiscal year 2008. Following the tax deduction of 10%, the net dividend payment per share shall be 0,144 euros. The dividend amount of 14.011,92 euros corresponding to the company's buy-back shares was decided to be held at a special equity reserve.
As of Tuesday, 2/6/2009, the company's shares will be traded ex-dividend. Eligible to receive dividend are the registered shareholders in the Dematerialised Securities System of record on Thursday, 4/6/2009 (record date). Dividend payment will commence on Thursday, 11/6/09 until 31/12/2009 and will be processed through EFG EUROBANK ERGASIAS S.A. As of 01/01/2010, dividend payments will be made only at the companys offices, in Aspropyrgos, Kyrillos region, P.C. 19300. For any further information shareholders may address the Shareholders Department of MOTODYNAMICS S.A. (tel: 210 6293517).
The Annual General Meeting further approved, by majority of 99,99% of the present shares, i.e. by 3.162.647 shares (for subjects 2 ,3, 5 ,6) and by 3.162.487 shares (for subject 7) the following:
2nd Subject: The acquittal of the Members of the Board of Directors and the Auditors from any liability for damages, referring to the financial period 01.01.2008 - 31.12.2008.
3rd Subject: The election of Audit Company ERNST & YOUNG (HELLAS) A.E. for the fiscal year 1.1.2009-31.12.2009 and its remuneration. The responsible Regular Auditor shall be Mr. Vassilios Kaminaris and the Substitute Auditor shall be Mr. Christos Pelentridis.
5th Subject: The remuneration - compensation to the Members of the Board of Directors for the financial period 2009 and the distribution of profits to the personnel of the Company.
6th Subject: The change of use regarding funds raised from the company's listing in the Athens Stock Exchange for the amount of 200.000 euros. In particular, it was decided that, instead of the establishment of a retail outlet for marine products in Athens, the fund of 200.000 euros be used to cover part of the company?s short-term borrowing.
7th Subject: The CEO's contract of 1.1.2008 with the company.
Finally, regarding the 8th Subject of the Agenda (Various Announcements) no further announcements were made.
The General Meeting unanimously approved, by percentage of 100% of the present votes, i.e. by 3.162.966 shares, the following subjects:
1st Subject: The Annual Financial Report (Company and Group-consolidated) for the financial period 01.01.2008 - 31.12.2008, comprising the Annual Financial Statements (Company and Group) as well as the related Reports of the Board of Directors and the Auditors.
4th Subject: Dividend payment of 0,16 euro per share for the fiscal year 2008. Following the tax deduction of 10%, the net dividend payment per share shall be 0,144 euros. The dividend amount of 14.011,92 euros corresponding to the company's buy-back shares was decided to be held at a special equity reserve.
As of Tuesday, 2/6/2009, the company's shares will be traded ex-dividend. Eligible to receive dividend are the registered shareholders in the Dematerialised Securities System of record on Thursday, 4/6/2009 (record date). Dividend payment will commence on Thursday, 11/6/09 until 31/12/2009 and will be processed through EFG EUROBANK ERGASIAS S.A. As of 01/01/2010, dividend payments will be made only at the companys offices, in Aspropyrgos, Kyrillos region, P.C. 19300. For any further information shareholders may address the Shareholders Department of MOTODYNAMICS S.A. (tel: 210 6293517).
The Annual General Meeting further approved, by majority of 99,99% of the present shares, i.e. by 3.162.647 shares (for subjects 2 ,3, 5 ,6) and by 3.162.487 shares (for subject 7) the following:
2nd Subject: The acquittal of the Members of the Board of Directors and the Auditors from any liability for damages, referring to the financial period 01.01.2008 - 31.12.2008.
3rd Subject: The election of Audit Company ERNST & YOUNG (HELLAS) A.E. for the fiscal year 1.1.2009-31.12.2009 and its remuneration. The responsible Regular Auditor shall be Mr. Vassilios Kaminaris and the Substitute Auditor shall be Mr. Christos Pelentridis.
5th Subject: The remuneration - compensation to the Members of the Board of Directors for the financial period 2009 and the distribution of profits to the personnel of the Company.
6th Subject: The change of use regarding funds raised from the company's listing in the Athens Stock Exchange for the amount of 200.000 euros. In particular, it was decided that, instead of the establishment of a retail outlet for marine products in Athens, the fund of 200.000 euros be used to cover part of the company?s short-term borrowing.
7th Subject: The CEO's contract of 1.1.2008 with the company.
Finally, regarding the 8th Subject of the Agenda (Various Announcements) no further announcements were made.