AS COMPANY S.A.
General Assembly Decisions
Today, June 23rd, 2011 at 10:00am, AS Company S.A. conducted its General Annual Meeting of the shareholders for fiscal year 2010, at the company's headquarters in Oreokastro, Thessaloniki, 2klm. Palais Simmaxikis Odou, Diastavrosi Pros Oreokastro.
The General Meeting was represented by a total of 6 shareholders holding 15.619.093 shares which represent 71,40% of the total shares of its capital stock, and agreed unanimously the following:
1. The approval of Financial Statements for year ended 31.12.2010, and the corresponding statements by the Board of Directors and External Auditors.
2. No dividend payout for fiscal year 2010 with a majority vote of 71.40%
3. The acquittance of the Board of Directors and the External Auditors from every responsibility relating to transactions for the year 2010.
4. The election of External Auditors for the year 2011, represented by "Baker Tilly Hellas S.A.", regular auditor Mr. Ioanni B. Kalogeropoulou (A.M.S.O.E.L 10741) and second auditor Mrs. Panagiotia Κ. Maravelea (A.M.S.O.E.L 18091), and their compensation.
5. The approval of the compensation that the Board of Directors received for the year 2010 and the pre-authorization of the 2011 compensation of the Board of Directors.
6. The election of the Audit Committee based on article37 of Law 3693/2008, which is composed of two (2) Non-executive member of the Board of Directors and one (1) independent non-executive member of the Board of Directors, which are the following Board of Director members:
a) Konstantinos Rizopoulos, Independent non-executive member of the Board of Directors
b) Morfis Vasilakeris, Non-executive member of the Board of Directors
c) Theofilos Mexteridis, Non-executive member of the Board of Directors
7. The amendment of article 32 of the Articles of Incorporation that pertain to the distribution of dividends.
As far as the 6th issue regarding the election of new Board of Directors, and due to the fact that their term expires on 28.6.2012, the issue was incorporated by mistake on the General Meeting agenda and with the approval of the General Assembly was not discussed.
The General Meeting was represented by a total of 6 shareholders holding 15.619.093 shares which represent 71,40% of the total shares of its capital stock, and agreed unanimously the following:
1. The approval of Financial Statements for year ended 31.12.2010, and the corresponding statements by the Board of Directors and External Auditors.
2. No dividend payout for fiscal year 2010 with a majority vote of 71.40%
3. The acquittance of the Board of Directors and the External Auditors from every responsibility relating to transactions for the year 2010.
4. The election of External Auditors for the year 2011, represented by "Baker Tilly Hellas S.A.", regular auditor Mr. Ioanni B. Kalogeropoulou (A.M.S.O.E.L 10741) and second auditor Mrs. Panagiotia Κ. Maravelea (A.M.S.O.E.L 18091), and their compensation.
5. The approval of the compensation that the Board of Directors received for the year 2010 and the pre-authorization of the 2011 compensation of the Board of Directors.
6. The election of the Audit Committee based on article37 of Law 3693/2008, which is composed of two (2) Non-executive member of the Board of Directors and one (1) independent non-executive member of the Board of Directors, which are the following Board of Director members:
a) Konstantinos Rizopoulos, Independent non-executive member of the Board of Directors
b) Morfis Vasilakeris, Non-executive member of the Board of Directors
c) Theofilos Mexteridis, Non-executive member of the Board of Directors
7. The amendment of article 32 of the Articles of Incorporation that pertain to the distribution of dividends.
As far as the 6th issue regarding the election of new Board of Directors, and due to the fact that their term expires on 28.6.2012, the issue was incorporated by mistake on the General Meeting agenda and with the approval of the General Assembly was not discussed.