GLOBAL NEW EUROPE FUND
Announcement of the Decisions of the Ordinary General Meeting
"Global New Europe Fund Portfolio Investments S.A" announces that the Ordinary General Meeting of the Shareholders was held on 11/06/2008, at the Great Britain Hotel. At the Meeting were present or represented shareholders who represented 5.546.921 common registered shares (of the total number of 16.341.440 common registered shares), i.e. 33, 94 % of the Company's share capital. During the General Meeting, the following decisions were taken unanimously regarding the issues of the agenda:
SUBJECT 1: Unanimous approval of the Financial Statements of the 6th financial year (from the 1st of January until the 31st of December 2007). Unanimous approval for the distribution of dividend of the total amount of Euro 5.920.317, 92. The above dividend results to Euro 0, 38 per share. Beneficiaries of the dividend will be the shareholders at the closing of the trading session of the Athens Stock Exchange on 18/06/2008. From Thursday, 19/06/2008, which is the ex-date, the share will be traded without the right to the dividend. The payment of the dividend will commence on Thursday 26/06/2008 through EFG Eurobank Ergiasias S.A.
Regarding the dividend payment analytical announcement through Press and Athens Stock Exchange will follow.
SUBJECT 2: Unanimous approval of the release of the members of the Board of Directors and the Chartered Accountant from any compensation liability for the deeds of the 6th financial year (1/1-31/12/2007).
To the approval of this subject the members of the BOD and the company's staff participated only with the shares which they have under their ownership, therefore the quorum percentage for this subject was 32, 95%.
SUBJECT 3: Unanimous approval of the election of Price Waterhouse Coopers S.A for the audit of the 7th financial year (1/1/2008-31/12/2008). and approval of their fee.
SUBJECT 4: The General Meeting unanimously approved the renewal of the portfolio management agreement between the Company and "Global Fund Management S.A.", according to L.3371/2005.
SUBJECT 5: a) The necessary data and information regarding the completed own shares buy back program were announced. c) It was announced that the process of the merger with DIAS INVESTMENT CO S.A., advances properly. C) A brief presentation of the markets and the Company's portfolio took place.
SUBJECT 1: Unanimous approval of the Financial Statements of the 6th financial year (from the 1st of January until the 31st of December 2007). Unanimous approval for the distribution of dividend of the total amount of Euro 5.920.317, 92. The above dividend results to Euro 0, 38 per share. Beneficiaries of the dividend will be the shareholders at the closing of the trading session of the Athens Stock Exchange on 18/06/2008. From Thursday, 19/06/2008, which is the ex-date, the share will be traded without the right to the dividend. The payment of the dividend will commence on Thursday 26/06/2008 through EFG Eurobank Ergiasias S.A.
Regarding the dividend payment analytical announcement through Press and Athens Stock Exchange will follow.
SUBJECT 2: Unanimous approval of the release of the members of the Board of Directors and the Chartered Accountant from any compensation liability for the deeds of the 6th financial year (1/1-31/12/2007).
To the approval of this subject the members of the BOD and the company's staff participated only with the shares which they have under their ownership, therefore the quorum percentage for this subject was 32, 95%.
SUBJECT 3: Unanimous approval of the election of Price Waterhouse Coopers S.A for the audit of the 7th financial year (1/1/2008-31/12/2008). and approval of their fee.
SUBJECT 4: The General Meeting unanimously approved the renewal of the portfolio management agreement between the Company and "Global Fund Management S.A.", according to L.3371/2005.
SUBJECT 5: a) The necessary data and information regarding the completed own shares buy back program were announced. c) It was announced that the process of the merger with DIAS INVESTMENT CO S.A., advances properly. C) A brief presentation of the markets and the Company's portfolio took place.