MLS INNOVATION INC.

GENERAL MEETING

MLS Multimedia S.A  held its Ordinary General Meeting   on Monday, June 30th, 2014,  at 15:00 at the Company's headquarters at No. 79 17 Noembriou str, Pylaia, Thessaloniki, Greece, with the participation of 53 shareholders (72,42% or 8.992.479 shares)  discussed and decided upon the following issues pertaining to the daily agenda:

     

  1. Approved  the Company's Financial Statements for the fiscal year 01/01/2013-31/12/2013 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 01/01/2013- 31/12/2013.
  3. Elected  Auditors for the fiscal year 01/01/2014- 31/12/2014 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 2e and maximum price 10e
  7. Granted authorization to the Board of Directors to provide a stock option plan, pursuant to article 13 of Codified Law 2190/1920
  8. Approved the transfer of the amount of 1.875.866,25€ from the retained earnings to extraordinary reserve to secure the liability coverage of the 53,24% of the company's own participation in compliance to the NSRF (National Strategic Reference Framework) Operational Program “Digital Convergence”, “ICT4GROWTH” action, by the Information Society SA" (IS SA) and according to protocol number 15421/21-11-2013 decision of the IS SA followed by a commitment to the non-distribution of the afore-mentioned reserve in the next five years.
  9. Approved the transfer of the amount of 1.856.250,00€ from the retained earnings to extraordinary reserve to secure the liability coverage of the company's participation under the Incentives Investment Law 3299/2004 and according to protocol number 7409/ΔΒΕ1108  - 22/06/2011 approval affiliation decision of the Deputy Minister of Development, Competitiveness and Shipping and commitment to the non-distribution of the afore-mentioned reserve in the next five years.
  10. Ratified  the resolutions of the Board of Directors.
  11. Discussed on the company's headquarters primarily regarding the exercise of its financial issues.