ΕΛΒΑΛ Α.Ε.
Resolutions of the Annual General Assembly dated June 17 2009
The company ELVAL S.A. announces that, on Wednesday 17 June 2009 and 12:30 p.m., its shareholders assembled at the scheduled Annual Regular General Assembly at the PRESIDENT hotel in Athens. Nineteen (19) shareholders were present, owners of 85,194,466 shares of total 124,100,815 shares, namely the 68.65%.
On the topics of the General Assembly the shareholders:
1. Approved the annual financial statements of fiscal year 2008, with the relevant reports of the Board of Directors and Auditors.
2. Discharged the members of the Board of Directors and Auditors from every compensation liability for the fiscal year 2008.
3. Elected as independent auditors for the fiscal year 2009 the auditing company of KPMG CERTIFIED AUDITORS S.A., according to their offer.
4. Approved the amendment of the article 11 § 1 of the Article of Association of ELVAL, regarding to the number of the members of the Board of Directors. From now on, the number of the Board of Directors will be at the minimum three (3) members and at the maximum fifteen (15) members and will be elected for a term of one (1) year from the General Assembly.
5. Elected a new Board of Directors of the company for a term of one (1) year the following:
(1) MILTIADIS LIDORIKIS,
(2) DIMITRIOS KYRIAKOPOULOS,
(3) IOANNIS PANAGIOTOPOULOS
(4) KONSTANTINOS KATSAROS,
(5) NIKOLAOS KOUDOUNIS,
(6) ANDREAS KYRIAZIS, independent member
(7) KONSTANTINOS BAKOURIS,
(8) ABRAHAM MEYIR,
(9) KONSTANTINOS KOUKLELIS,
(10) GERARD DECOSTER, independent member
(11) REINHOLD WAGNER.
6. Approved the remuneration of members of the Board of Directors in accordance with article 24 par. 2 of the Law No 2190/1920.
7. Elected the following Audit Committee members, according to Article 37 of the Law No 3693/2008:
(1) ANDREAS KYRIAZIS, independent member
(2) ABRAHAM MEYIR,
(3) KONSTANTINOS KOUKLELIS.
8. Approved the coverage of ELVAL's participation for investments that have integrated in the development law 3299/2004, with the pledge of retained earnings for the amount of ?2,963,355.
9. There were no other announcements and issues for discussion.
On the topics of the General Assembly the shareholders:
1. Approved the annual financial statements of fiscal year 2008, with the relevant reports of the Board of Directors and Auditors.
2. Discharged the members of the Board of Directors and Auditors from every compensation liability for the fiscal year 2008.
3. Elected as independent auditors for the fiscal year 2009 the auditing company of KPMG CERTIFIED AUDITORS S.A., according to their offer.
4. Approved the amendment of the article 11 § 1 of the Article of Association of ELVAL, regarding to the number of the members of the Board of Directors. From now on, the number of the Board of Directors will be at the minimum three (3) members and at the maximum fifteen (15) members and will be elected for a term of one (1) year from the General Assembly.
5. Elected a new Board of Directors of the company for a term of one (1) year the following:
(1) MILTIADIS LIDORIKIS,
(2) DIMITRIOS KYRIAKOPOULOS,
(3) IOANNIS PANAGIOTOPOULOS
(4) KONSTANTINOS KATSAROS,
(5) NIKOLAOS KOUDOUNIS,
(6) ANDREAS KYRIAZIS, independent member
(7) KONSTANTINOS BAKOURIS,
(8) ABRAHAM MEYIR,
(9) KONSTANTINOS KOUKLELIS,
(10) GERARD DECOSTER, independent member
(11) REINHOLD WAGNER.
6. Approved the remuneration of members of the Board of Directors in accordance with article 24 par. 2 of the Law No 2190/1920.
7. Elected the following Audit Committee members, according to Article 37 of the Law No 3693/2008:
(1) ANDREAS KYRIAZIS, independent member
(2) ABRAHAM MEYIR,
(3) KONSTANTINOS KOUKLELIS.
8. Approved the coverage of ELVAL's participation for investments that have integrated in the development law 3299/2004, with the pledge of retained earnings for the amount of ?2,963,355.
9. There were no other announcements and issues for discussion.