It is announced that 22 shareholders attended the Ordinary General Assembly of the company "SINGULARLOGIC SA" ("Company") that took place on the 8th of May 2008 at 09:30 am, representing 23.440.612 shares in a total of 43.524.010 shares, i.e. percentage 53,88 %.
The General Assembly decided on the following:
1.Approval of the Annual Financial Statements, and the Consolidated Financial Statements for fiscal year 2007 along with the minutes of the Board of Directors and the report of the company's Auditors.
2.Exemption of the members of the Board of Directors and the Certified Auditor from any liability for indemnification with regard to the financial results of FY 2007.
3.Mr. Leo Ioannis with ID number ΑΕ 515237 and CPA number 24881 was elected as Certified Auditor & Mr. Vasilios Kazas, with ID number 098875 and CPA number 13281 was elected as Deputy Certified Auditor and their fees were set thereof.
4.Approved the contracts and fees pursuant to articles 23a and 24 of Codified Law 2190/1920
5.Approval of (a) the election of Mr. Konstantinos Piladakis as member of the Board of Directors of the Company in replacement of Mr. Asterios Anastasiadis whose resignation was announced on the Board of Directors meeting of 28.06.2007, and (b) the election of Mr. Nikolaos Kontopoulos as member of the Board of Directors of the Company in replacement of Mr. Charalambos Stavrinoudakis whose resignation was announced on the Board of Directors meeting of 23/01/2008. The service of the above mentioned members ceases along with the termination of the service for the rest of the members of the Board of Directors of the Company,
6.Approval of the modification of the article 5 of the Company's Article of Association, as a result of the share capital increase decided by the Board of Directors of the Company, due to the Stock Option Plan Program for the acquisition of stocks from the Company's Executives, the Company's personnel and other companies related to the Company .
7.Approved share capital increase by the amount of 8.704.802 euro. The increase will be covered by raising the par value of the stock from 0,30 euro to 0,50 euro by capitalization of excess of par value reserves. As a result the share capital amounts to twenty one million seven hundred sixty two thousand five euros (21.762.005 euro) and is divided into forty three million five hundred twenty four thousand ten euro (43.524.010) common nominal shares, of par value of fifty cents (0,50 euro) each.
8.Approval of treasury shares purchase, directly or indirectly, pursuant to the article 16, of C.L. 2190/1920, with maximum number of shares up to 10% of the total share capital, which today amounts to 4.352.401 shares, with minimum price of one (1,00) euro and maximum price of ten (10,00) euro per share, and designation that the time limit within which these purchases will take place will not exceed twenty four (24) months, meaning until 08.05.2010 inclusive and authorization to the Board of Directors to proceed to any necessary actions for the implementation of this decision. Finally, recall of the decision of the General Assembly of the Shareholders dated 27th of April 2007 regarding the treasury shares purchase.
9.Approval of the participation of the members of the Board of Directors and the Company's Managers in other companies Board of Directors and Management Teams.
10.Approval of the alignment of the articles of the Company's Article of Association in accordance to Law 3604/2007, which amended the C.L. 2190/1920 "Companies Act". In details, approval of the restatement of articles 7 § 3, 10 §1, 11, 19§1, 20§1, 22, 23, 24, 25§2, 29, 34, the deletion - elimination of articles 8, 9, 13, 14, 15, 16, 17, 18, 26, 27, 28, 30, 31, 32 and 33 of the Company?s Articles of Association and the renumbering of articles 10, 11, 12, 19, 20, 21, 22, 23, 24, 25, 29, 34 into 8,9,10, 11, 12,13, 14, 15, 16, 17, 18, 19 respectively. Following the above, and according to the provisions of L.3604/2007, the new Article of Association of the Company consists of 19 articles.
Furthermore, as the required quorum was not achieved, the following topics were not discussed:
(i)Change of use of the funds that rose from the share capital increase of the Company, decided in the B' Repeated Extraordinary General Assembly of the Shareholders on the 18.06.2006 and was amended in the A' Repeated Extraordinary General Assembly of the Shareholders on the 16.05.2007 and which affirmed the relevant decision taken from the Board of Directors on the 16.05.2007.
(ii)Amendment of the clauses of the Stock Options Plan Program for the acquisition of stocks from the Company's Executives, the Company's personnel and other companies related to the Company (article 13 C.L. 2190/1920), decided on the B' Repeated General Assembly of the Company on the 26.05.2006 and was amended with the decision of the B' Repeated Extraordinary General Assembly of the Company on the 18.09.2006 and grant of authorisation to the Board of Directors for the settlement of procedural issued and details.
(iii)Amendment of the clauses of the Stock Options Plan Program for the acquisition of stocks from the Company's Executives, the Company's personnel and other companies related to the Company (article 13 C.L. 2190/1920), decided on the B' Repeated General Assembly of the Company on the 16.05.2007 and grant of authorization to the Board of Directors for the settlement of procedural issues and details.
The above mentioned topics will be discussed during the A' Repetitive General Assembly that will be held on the 22.05.2008 at 09:30, at Company's premises, at Al. Panagouli & Siniosoglou Str., Nea Ionia, Athens according to the decision of the Board of Directors dated 08.04.2008.