July 1, 2005
The annual General Shareholders Meeting of Yalco S.A. held on 30/06/2005 with the participation of 69.13% of the companys Share Capital.
The General Assembly with the above majority of the share capital and votes approved unanimously and took decisions on all the subjects of the daily agenda and more specifically approved the following:
1. The activity report of the Board of Directors and Certified Auditors for the fiscal year 2004 (1/1/2004-31/12/2004).
2. The annual financial statements (Parent and Consolidated) for the fiscal year 2004 (1/1/2004-31/12/2004).
3. The release of the members of the Board of Directors and Certified Auditors from any compensation responsibility for the fiscal year 2004 (1/1/2004-31/12/2004).
4. The distribution of the companys profits for the fiscal year 2004 and dividend payment of Euro 0.04 per share, with ex-dividend date the 15th of July 2005 and date of dividend payment the 22nd of August 2005.
5. The election of Certified Auditors for the fiscal year 2005 from DELOITTE CHATZIPAVLOU SOFIANOS & KAMPANIS S.A.
6. The labour agreement of the Members of the Board of Directors.
7. The payment of the BoD Members compensation.
8. It was announced the list of the shareholders from which emanated the acquiring own shares during the period 31/03/2004-30/03/2005.
