FOLLI - FOLLIE S.A.
Decisions of the Annual General Meeting
The Company announces that the Annual General Meeting of the Shareholders that took place on 19/06/2008, has taken the following decisions:
1. The financial statements of the company year 1.1.-2007-31.12.2007 as well as the reports of the Board and of the Auditors were approved.
2. From the amount reserved for the disposal of the net profits of the company, year 1.1.2007-31.12.2007, an ordinary reserve amounting to 315.387,51 euro, as well as the distribution of a dividend of 0,10 Euro per share, and the distribution of euro 250.000 to the members of the board, as per the item of the distribution list "Remuneration of the board of directors", have been approved. Beneficiaries of the dividend are share holders of the company holding shares at the closing of the Athens Exchange trading session of 16.07.2008. The payment of the divident will commence on the 25/07/2008 through the PIRAEUS BANK
3.For the year 2006 the amount of 250.000 Euro was approved to be distributed to the members of the Board of Directors as per the item of the distribution list "Remuneration of the board of directors", the allocation thereof will be made by the board of directors depending the on the services provided.
4.The Members of the Board of Directors and the Statutory Auditors-Accountants were released from any liability for the company year 1.1.2007-31.12.2007.
5. Mr. George Varthalitis was elected as ordinary auditor and Mrs. Chryssula Tsakalogiani was elected as substitute Auditor, both members of the BAKER TILLY HELLAS A.E. Their renumeration will be fixed according to the remunerations of S.O.E.L.
6. The modification of the articles of associaton was resolved, particularly the following articles: 11, 12, 16, 17, 19, 20, 22, 24, 26, 27, 28, 30, 31, 33, 34, 38, 41, 42, 48 and 50, in order to comply with the new provisions of Law c.l. 2190/1920 and its codification accordingly.
7. The percentage of 2/3 of the shareholders to be present at the meeting, which is required by art. 34 of the articles of association of the company (extraordinary percentage) has not been fullfilled and therefore, given that such percentage of the shareholders to be present is missing, the seventh issue of the agenda has been postponed for the next session of the General Meeting, which will take place within the next 20 days (First Adjourned General Meeting). Announcement on such First Adjourned General Meeting will follow.
8. Approved the buy back of the company's shares through the Athens Exchange in accordance with art. 16 par. 5 of Law 2190/1920, up to 10% of the total number of its stock, namely up to 3.294.680 shares, setting the lowest price at 10 Euro and the highest at 30 Euro per share, for a time period fixed up to twelve months as from today untill 19/06/2009.
9. General breifing has been made to the shareholders concerning the course of business of the company and its perspective.
On the abofe Annual General Meeting were present 60 shareholders representint the 48,34% of the total capital (15.925.467 shares).
On the above matters of the daily agenda the percentages of the present shareholders and the quorum are as follows:
Matter 1. 48,34% presents, 48,06% positive votes, 0,02% voted present and 0,26% voted abstain.
Matter 2. 48,34% presents, 46,15% positive votes, 2,19% voted against.
Matter 3. 48,34% presents, 48,34% positive votes.
Matter 4. 48,34% presents, 48,34% positive votes.
Matter 5. 48,34% presents, 46,25% positive votes, 2,09% voted against.
Matter 6. 48,34% presents, 48,34% positive votes.
Matter 7. Postponed
Matter 8. 48,34% presents, 48,34% positive votes.
Matter 9. 48,34% presents, 46,09% positive votes, 2,25% voted against.
1. The financial statements of the company year 1.1.-2007-31.12.2007 as well as the reports of the Board and of the Auditors were approved.
2. From the amount reserved for the disposal of the net profits of the company, year 1.1.2007-31.12.2007, an ordinary reserve amounting to 315.387,51 euro, as well as the distribution of a dividend of 0,10 Euro per share, and the distribution of euro 250.000 to the members of the board, as per the item of the distribution list "Remuneration of the board of directors", have been approved. Beneficiaries of the dividend are share holders of the company holding shares at the closing of the Athens Exchange trading session of 16.07.2008. The payment of the divident will commence on the 25/07/2008 through the PIRAEUS BANK
3.For the year 2006 the amount of 250.000 Euro was approved to be distributed to the members of the Board of Directors as per the item of the distribution list "Remuneration of the board of directors", the allocation thereof will be made by the board of directors depending the on the services provided.
4.The Members of the Board of Directors and the Statutory Auditors-Accountants were released from any liability for the company year 1.1.2007-31.12.2007.
5. Mr. George Varthalitis was elected as ordinary auditor and Mrs. Chryssula Tsakalogiani was elected as substitute Auditor, both members of the BAKER TILLY HELLAS A.E. Their renumeration will be fixed according to the remunerations of S.O.E.L.
6. The modification of the articles of associaton was resolved, particularly the following articles: 11, 12, 16, 17, 19, 20, 22, 24, 26, 27, 28, 30, 31, 33, 34, 38, 41, 42, 48 and 50, in order to comply with the new provisions of Law c.l. 2190/1920 and its codification accordingly.
7. The percentage of 2/3 of the shareholders to be present at the meeting, which is required by art. 34 of the articles of association of the company (extraordinary percentage) has not been fullfilled and therefore, given that such percentage of the shareholders to be present is missing, the seventh issue of the agenda has been postponed for the next session of the General Meeting, which will take place within the next 20 days (First Adjourned General Meeting). Announcement on such First Adjourned General Meeting will follow.
8. Approved the buy back of the company's shares through the Athens Exchange in accordance with art. 16 par. 5 of Law 2190/1920, up to 10% of the total number of its stock, namely up to 3.294.680 shares, setting the lowest price at 10 Euro and the highest at 30 Euro per share, for a time period fixed up to twelve months as from today untill 19/06/2009.
9. General breifing has been made to the shareholders concerning the course of business of the company and its perspective.
On the abofe Annual General Meeting were present 60 shareholders representint the 48,34% of the total capital (15.925.467 shares).
On the above matters of the daily agenda the percentages of the present shareholders and the quorum are as follows:
Matter 1. 48,34% presents, 48,06% positive votes, 0,02% voted present and 0,26% voted abstain.
Matter 2. 48,34% presents, 46,15% positive votes, 2,19% voted against.
Matter 3. 48,34% presents, 48,34% positive votes.
Matter 4. 48,34% presents, 48,34% positive votes.
Matter 5. 48,34% presents, 46,25% positive votes, 2,09% voted against.
Matter 6. 48,34% presents, 48,34% positive votes.
Matter 7. Postponed
Matter 8. 48,34% presents, 48,34% positive votes.
Matter 9. 48,34% presents, 46,09% positive votes, 2,25% voted against.