DECISIONS OF THE ANNUAL GENERAL MEETING
Decisions of the Annual General Meeting
(19.08.2014)
«HELLENIC FABRICS S.A.» announces that the continuation of the iterative, after adjournment, Annual General Meeting of the Company's shareholders was held on Tuesday 19.08.2014 at 10:00 hrs, at the company's head offices, on 42nd Klm. N.R.Thessalonikis- Edessas, in N. Pella. The AGM was attended by eight shareholders, either in person or by proxy, who represented 8.773.728 shares-votes out of 13,692,227 total shares, that is 64,08% of the issued share capital, and on the topics of the Agenda the shareholders:
1. Approved the Individual and Consolidated Financial Statements of the Company according to IFRS for the fiscal year 01.01.2013 to 31.12.2013, with the relevant Annual Reports of the Board of Directors and the Auditors and confirmed the non distribution of dividends.
Number of shares for which valid votes were cast: 8.773.728
Percentage of the share capital: 64,08%
Total valid votes: 8.773.728
Voting results and percentages of valid:
For: 8.773.728 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)
2. Discharged the Members of the Board of Directors and the Auditors from any responsibility for compensation concerning the fiscal year from 1.1.2013 to 31.12.2013.
Number of shares for which valid votes were cast: 8.773.728
Percentage of the share capital: 64,08%
Total valid votes: 8.773.728
Voting results and percentages of valid:
For: 8.773.728 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)
3. Appointed «ERNST & YOUNG HELLAS S.A. CERTIFIED AUDITORS ACCOUNTANTS», as auditors for the fiscal year 2014. The same company with a letter will designate its members who will serve as regular and substitute auditors. Their fee will derive after negotiations with the authorized company's CEO.
Number of shares for which valid votes were cast: 8.773.728
Percentage of the share capital: 64,08%
Total valid votes: 8.773.728
Voting results and percentages of valid:
For: 8.773.728 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)
4. Approved the wages and compensation paid to the executives and non-executives members of the Board of Directors in 2013.
Number of shares for which valid votes were cast: 8.773.728
Percentage of the share capital: 64,08%
Total valid votes: 8.773.728
Voting results and percentages of valid:
For: 8.773.728 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)
5. Elected as members of the new Board of Directors Messrs. John Akkas, Narkissos Georgiadis, Konstantinos Voulgaris, Savvas Mirliaountas and Ekaterini Papatsa and appointed as independent members Mr. Konstantinos Voulgaris and Mrs. Ekaterini Papatsa.
Number of shares for which valid votes were cast: 8.773.728
Percentage of the share capital: 64,08%
Total valid votes: 8.773.728
Voting results and percentages of valid:
For: 8.773.728 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)
The new Board of Directors was elected for a 5-years term, to be extended until the new Board, to be elected by the Annual General Meeting of the shareholders, which will be called during the first semester of 2019 to approve the balance sheet of the financial year 2018, undertakes its office.
6. Appointed as members of the Control Committee of the Company Messrs. Konstantinos Voulgaris (independent and non-executive member), Savvas Mirliaountas (non-executive member) and Ekaterini Papatsa (independent and non-executive member). Mr Konstantinos Voulgaris, has a sufficient knowledge in accounting and auditing issues, both by education as by professional activity.
7. Regarding the item 7 of the Agenda, «Announcements and other Issues», there was not any relevant announcement or decision to be taken.