FOLLI-FOLLIE Α.Ε.Β.Τ.Ε.
Annual Ordinary General Assembly of the Company's Shareholders
The Company announces that the Annual Ordinary General Assembly of the Shareholders that took place on June 18, 2009, with a quorum of 79.5% (41,857,235 shares out of a total of 52,675,000 shares) decided on the following items:
1. Approved the annual financial statements, Company and Consolidated, for the fiscal year 2008 (01.01.2008 - 31.12.2008), following the reading of the reports of the Board of Directors and the Chartered Auditor.
2. Approved the appropriation of profits after tax for the fiscal year 01.01.2008 - 31.12.2008, as well as the distribution of dividend of euro 0.50 per share. Beneficiaries of the dividend will be those shareholders registered in the DSS on July 16th 2009 (Record date). From the 14th of July 2009 the Company's shares will go ex dividend while the payment of the dividend will commence on Tuesday 21st of July 2009 through the branch network of PIRAEUS BANK.
3. Approved the waiver of liability of the Board of Directors and the Chartered Auditor for the fiscal year 01.01.2008 - 31.12.2008.
4. Georgios I. Varthalitis was elected as regular Chartered Auditor and Chrysoula G. Tsakalogianni was elected as deputy Chartered Auditor, while BAKER TILLY HELLAS was elected as Auditing company for the fiscal year 01.01.2009 - 31.12.2009.
5. Approved the amendment of articles 6, 8, 9, 13, 14, 17, 21, 23 and 33 of the Company's Articles of Incorporation.
6. Ratified the appointment of Mr. Elias Betsis as a temporary (non Executive) member of the BoD in replacement of the deceased BoD Member Apostolos Chatziantoniou.
7. Elected new members of the Board of Directors due to the end of the current BoD's service. In particular: George Koutsolioutsos, Zaharias Mantzavinos, Dimitrios Koutsolioutsos, Epameinondas Dafermos, George Velentzas, George Aronis, Aikaterini Koutsolioutsou, Elias Kouloukountis, Ioannis Tsigkounakis, Efstratios Elissaios, Harilaos Lampropoulos, Nikolaos Kezos and Elias Betsis. Mr. Mantzavinos and Mr. Lampropoulos were elected as independent non executive members.
8. Elected Mr. Zaharias Mantzavinos, Mr. Harilaos Lampropoulos and Mr. Nikolaos Kezos as members of the Audit Committee according to art. 37 Law 3693/2008.
9. Approved a share buy back scheme up to 10% of the Company's share capital, excluding already own shares, namely 4,549,267 shares with a lowest price of euro 3.0 and a highest price of euro 17.0, according to the article 16 paragraph 5 of the Law 2190/1920. The share buyback scheme will be implemented within the next 12 months.
10. Approved of Company guarantees in favor of the subsidiaries Hellenic Distributions S.A. Links Of London Ltd., Elmec Sport S.Α., Factory Outlet Airport S.A., up to the total amount of euro 50 million.
11. Approved the remuneration and compensation for the members of the Board of Directors for the fiscal year 01.01.2008 - 31.12.2008, and pre-approved the same remuneration and compensation for the members of the Board of Directors for the fiscal year 01.01.2009 - 31.12.2009.
12. Allowed to the members of the BoD and the Management of the Company to participate in the BoD or in the management of other related companies with the same activities with the Company, pursuant to art. 23 par. 1 Law 2190/20.
In total 29 shareholders voted and approximately 70 institutional investors, journalists and other observers participated in the Company's Annual Ordinary General Assembly.
1. Approved the annual financial statements, Company and Consolidated, for the fiscal year 2008 (01.01.2008 - 31.12.2008), following the reading of the reports of the Board of Directors and the Chartered Auditor.
2. Approved the appropriation of profits after tax for the fiscal year 01.01.2008 - 31.12.2008, as well as the distribution of dividend of euro 0.50 per share. Beneficiaries of the dividend will be those shareholders registered in the DSS on July 16th 2009 (Record date). From the 14th of July 2009 the Company's shares will go ex dividend while the payment of the dividend will commence on Tuesday 21st of July 2009 through the branch network of PIRAEUS BANK.
3. Approved the waiver of liability of the Board of Directors and the Chartered Auditor for the fiscal year 01.01.2008 - 31.12.2008.
4. Georgios I. Varthalitis was elected as regular Chartered Auditor and Chrysoula G. Tsakalogianni was elected as deputy Chartered Auditor, while BAKER TILLY HELLAS was elected as Auditing company for the fiscal year 01.01.2009 - 31.12.2009.
5. Approved the amendment of articles 6, 8, 9, 13, 14, 17, 21, 23 and 33 of the Company's Articles of Incorporation.
6. Ratified the appointment of Mr. Elias Betsis as a temporary (non Executive) member of the BoD in replacement of the deceased BoD Member Apostolos Chatziantoniou.
7. Elected new members of the Board of Directors due to the end of the current BoD's service. In particular: George Koutsolioutsos, Zaharias Mantzavinos, Dimitrios Koutsolioutsos, Epameinondas Dafermos, George Velentzas, George Aronis, Aikaterini Koutsolioutsou, Elias Kouloukountis, Ioannis Tsigkounakis, Efstratios Elissaios, Harilaos Lampropoulos, Nikolaos Kezos and Elias Betsis. Mr. Mantzavinos and Mr. Lampropoulos were elected as independent non executive members.
8. Elected Mr. Zaharias Mantzavinos, Mr. Harilaos Lampropoulos and Mr. Nikolaos Kezos as members of the Audit Committee according to art. 37 Law 3693/2008.
9. Approved a share buy back scheme up to 10% of the Company's share capital, excluding already own shares, namely 4,549,267 shares with a lowest price of euro 3.0 and a highest price of euro 17.0, according to the article 16 paragraph 5 of the Law 2190/1920. The share buyback scheme will be implemented within the next 12 months.
10. Approved of Company guarantees in favor of the subsidiaries Hellenic Distributions S.A. Links Of London Ltd., Elmec Sport S.Α., Factory Outlet Airport S.A., up to the total amount of euro 50 million.
11. Approved the remuneration and compensation for the members of the Board of Directors for the fiscal year 01.01.2008 - 31.12.2008, and pre-approved the same remuneration and compensation for the members of the Board of Directors for the fiscal year 01.01.2009 - 31.12.2009.
12. Allowed to the members of the BoD and the Management of the Company to participate in the BoD or in the management of other related companies with the same activities with the Company, pursuant to art. 23 par. 1 Law 2190/20.
In total 29 shareholders voted and approximately 70 institutional investors, journalists and other observers participated in the Company's Annual Ordinary General Assembly.