M.L.S. INNOVATION INC.

DECISIONS OF THE GENERAL MEETING

ORDINARY GENERAL MEETING 30-06-2016 DECISIONS

MLS Multimedia S.A  held its Ordinary General Meeting   on June 30th, 2016,  at 15:00 at the Company's headquarters at VEPE TECΗNOPOLY, Pylaia, Thessaloniki, Greece, with the participation of 18 shareholders (71,87% or 8.924.037 shares)  discussed and decided upon the following issues pertaining to the daily agenda:     

  1. Approved  the Company's Financial Statements for the fiscal year 01/01/2015-31/12/2015 and of the Reports made by the Board of Directors and the Auditor. Decided for non distribution of the profit shares.
  2. Discharged  the members of the Board of Directors as well as the Auditor from any liability for indemnity with the respect to the fiscal year 01/01/2015- 31/12/2015.
  3. Elected  Auditors for the fiscal year 01/01/2016- 31/12/2016 and  determined of their fees.
  4. Approved  agreements and remuneration of the members of the Board of Directors and pre- approved new remuneration of its members.
  5. Granted authorization to members of the Board of Directors to exercise professional acts belong to some of the corporate purposes.
  6. Share buyback pursuant to article 16 of Codified Law 2190/1920 up to 5% of its share capital ( 620.850 shares) with minimum price 1 € and maximum price 10€
  7. Decided to refrain from electing a new Board of Directors , the current Board of Directors continues to represent the company .
  8. Approved the transfer of the amount of 1.304.542 € from the retained earnings to extraordinary reserve to secure the liability coverage of the company's own participation and working capital in compliance to the investment project of Development Law 3299/2004 ( in accordance with Article 5 of the No. Ref . 4310 /PO3/4/00249/E/21-12-2007 decision of the Secretary of Central Macedonia) followed by a commitment to the non-distribution of the afore-mentioned reserve in the next five years.
  9.  Approved the BoD 07/03/2016 decision on which certificate the non-payment in relation to the increase decided in its 23.12.2015 decision of the Extraordinary General Meeting
  10. Ratified  the resolutions of the Board of Directors.