ΣΙΔΕΝΟΡ ΕΤΑΙΡΙΑ ΣΥΜΜΕΤΟΧΩΝ ΑΝΩΝΥΜΗ ΕΤΑΙΡΙΑ
RESOLUTIONS OF THE ANNUAL GENERAL MEETING.
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 15, 2010 at 11:00 hours, pursuant to the pertinent notice of the Company's Board of Directors, dated May 20, 2010.
The General Meeting, with a total number of shares represented 68.767.829, out of a total of 96.243.908 (thus 71.45%) (38 shareholders present whether in person or by proxy), approved the Company's Annual Financial Statements for the financial year 2009, together with the BoD Report and the Auditors' Reports (unanimously) and decided to discharge the members of the Board and the Auditors from any liability for damages regarding the financial year 2009 (unanimously).
Then the General Meeting elected as auditors for the financial year 2010 the audit firm "PriceWaterHouseCoopers", their remuneration following their pertinent offer (with 68.674.652 votes (thus 71,35%)).
Also the General Meeting approved and ratified the election of mr.Vasileios Papantoniou, as a new member of the Board of Directors, in replacement of the late member of the board Athanassios Mitropoulos (with 68.753.355 votes (thus 71,44%)), while approved (with 68.657.778 votes (thus 71,34%)) as members of the new Board of Directors, the following persons
1. George Kalfarentzos
2. Nikolaos Koudounis
3. Efstathios Striber, independent member
4. George Passas
5. Ioannis Oikonomou
6. Vassileios Papantoniou
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 2011.
Additionally, the General Meeting approved (with 68.672.252 votes (thus 71,35%)) as members of the Audit Committee according to article 37 of L 3693/2008, the following
1. Dimitrios Paraskevopoulos
2. Ioannis Oikonomou
3. Andreas Kyriazis, independent, non executive member
Also, the General Meeting also approved the amounts to be paid to the Board members as remuneration (with 68.610.838 votes (thus 71,29%)).
Finally, the General Meeting approved the issuance of common bond loans, according to Law 3156/2003, up to a total amount of seventy million euro (70,000,000.00). (with 68.610.838 votes (thus 71,29%) and granted the authority to the Board of Directors to further define all specific terms of the loans and the appropriate procedure for the issuance.
The General Meeting, with a total number of shares represented 68.767.829, out of a total of 96.243.908 (thus 71.45%) (38 shareholders present whether in person or by proxy), approved the Company's Annual Financial Statements for the financial year 2009, together with the BoD Report and the Auditors' Reports (unanimously) and decided to discharge the members of the Board and the Auditors from any liability for damages regarding the financial year 2009 (unanimously).
Then the General Meeting elected as auditors for the financial year 2010 the audit firm "PriceWaterHouseCoopers", their remuneration following their pertinent offer (with 68.674.652 votes (thus 71,35%)).
Also the General Meeting approved and ratified the election of mr.Vasileios Papantoniou, as a new member of the Board of Directors, in replacement of the late member of the board Athanassios Mitropoulos (with 68.753.355 votes (thus 71,44%)), while approved (with 68.657.778 votes (thus 71,34%)) as members of the new Board of Directors, the following persons
1. George Kalfarentzos
2. Nikolaos Koudounis
3. Efstathios Striber, independent member
4. George Passas
5. Ioannis Oikonomou
6. Vassileios Papantoniou
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 2011.
Additionally, the General Meeting approved (with 68.672.252 votes (thus 71,35%)) as members of the Audit Committee according to article 37 of L 3693/2008, the following
1. Dimitrios Paraskevopoulos
2. Ioannis Oikonomou
3. Andreas Kyriazis, independent, non executive member
Also, the General Meeting also approved the amounts to be paid to the Board members as remuneration (with 68.610.838 votes (thus 71,29%)).
Finally, the General Meeting approved the issuance of common bond loans, according to Law 3156/2003, up to a total amount of seventy million euro (70,000,000.00). (with 68.610.838 votes (thus 71,29%) and granted the authority to the Board of Directors to further define all specific terms of the loans and the appropriate procedure for the issuance.