23/06/06
The Ordinary General Shareholders Meeting of the fiscal period 01/01-31/12/2005 held today, on 23/06/2006 at the Company headquarters.
Seven Shareholders attended the Meeting representing the 68.47% of the companys Share Capital and voting rights.
The General Assembly with the above majority of the share capital and votes approved unanimously and took decisions on all the issues of the daily agenda and more specifically approved the following:
The activity report of the Board of Directors and Certified Auditors and the approval of the Annual Financial Statements for the fiscal period between 1/1-31/12/2005.
The release of the members of the Board of Directors and Certified Auditors from any compensation responsibility for the fiscal period between 1/1-31/12/2005.
The distribution of the companys profits for the period of 1/1-31/12/2005 and dividend payment of Euro 0.038 per share. Eligible for dividend are the companys shareholders as of the end of the ASE session on July 27th 2006. Ex-dividend date the 28th of July 2006. The date of dividend payment is the 7th of August 2006 and it will be undertaken by EFG EUROBANK ERGASIAS S.A. in accordance with article 329 of ASEs Regulation and article 39 of the regulation of CSD (Central Securities Depository).
Specifically upon the aforementioned issues the General Assembly also decided:
The blocking (no distribution for the next five-years period, until the investment plan is completed) of the extraordinary reserve funds amounting 1.239.786,22 Euros with the purpose of making up part of own participation of the submitted for approval investment proposal that concerns the construction of a warehouse ? distribution centre at Inofita Viotias of a total budget of 6.1 ml Euro, under the provisions of the Investment Incentives Law 3299/2004.
The main Shareholders are:
Demetre S. Constantinou
Aikaterini Constantinou
Calliope ? Anastasia Constantinou
Socrates Constantinou
Amalia Constantinou
that participated in the General Meeting with voting rights representing the 66% of the total votes, and they were engaged to be present and vote for the BoD proposal at the General Stockholders Meeting associated with cash payment or any other method, apart from the use of the blocked extraordinary reserve funds amounting 1.239.786,22 Euros, for the covering of the extra amount that will be also requested as of own participation of the investment plan Law 3299/2004, as of the approved Competition investment plan 2000-2006, Act 2.5.3.1 1st action plan 2.5.3 of the 3rd Community Support Services.
The election of Certified Auditors for the fiscal year 2006.
Mr Antonis Markou was elected as Ordinary Certified Auditor Accountant (I.C.No 19901) and as Deputy Auditor Accountant Mr Michael Xadjipavlou (I.C.No 12511) from DELOITTE CHATZIPAVLOU SOFIANOS & KAMPANIS S.A.
The labour agreement of the Members of the Board of Directors.
The Shareholders Meeting unanimously approved of the remunerations of the BoD members for the past year 2005 and determined the remunerations of the BoD members for the current year.
The payment of the BoD Members compensation.
The Shareholders Meeting unanimously approved of the BoD Members compensation determined compensation of the BoD members for the current year.
