ELVAL HOLDINGS S.A.
Decisions of the Regular General Assembly.
The company ELVAL S.A. announces that, on Wednesday 11 June 2008 and 12:30 p.m., its shareholders assembled at the scheduled Annual Regular General Assembly at the PRESIDENT hotel in Athens. Twenty five (25) shareholders were present, owners of 87,100,068 shares of total 124,100,815 shares, namely the 70.18%.
On the topics of the General Assembly the shareholders:
1. Approved the annual financial statements of fiscal year 2007, with the relevant reports of the Board of Directors and Auditors.
2. Discharged the members of the Board of Directors and Auditors from every compensation liability for the fiscal year 2007.
3. Approved the manner and time period of the disposal of profits from the fiscal year 2007.
Also was decided the distribution of the dividend of 0.05 Euros per share with beneficiaries being the shareholders of the end of the Athens Stock Exchange trading day of June 26, 2008. As of June 27 2008, the share will be negotiated without any right to the dividend. The payment of the dividend will be completed by the network of ALPHA BANK from July 4, 2008 until the end of the year.
4. Elected as independent auditors for the fiscal year 2008 the auditing company of ERNST & YOUNG CHARTERED AUDITORS ACCOUNTANTS S.A., according to their offer.
5. Elected a new Board of Directors of the company for a term of one (1) year the following:
(1) MILTIADIS LIDORIKIS,
(2) IOANNIS PANAGIOTOPOULOS
(3) DIMITRIOS KYRIAKOPOULOS,
(4) KONSTANTINOS KATSAROS,
(5) NIKOLAOS KOUDOUNIS,
(6) ANDREAS KYRIAZIS, independent member
(7) KONSTANTINOS BAKOURIS,
(8) ABRAHAM MEYIR,
(9) KONSTANTINOS KOUKLELIS,
(10) GERARD DECOSTER, independent member
(11) REINHOLD WAGNER.
6. Approved the remuneration of members of the Board of Directors in accordance with article 24 par. 2 of the C.L. 2190/1920.
7. Approved the issuance of common bond loans, in accordance with L. 3156/2003, up to the amount of forty million (40,000,000.00) Euros.
8. Postponed the approval of the coverage of ELVAL's participation for investments that have integrated in the development law 3299/2004, till a future Assembly.
9. There were no other announcements and issues for discussion.
On the topics of the General Assembly the shareholders:
1. Approved the annual financial statements of fiscal year 2007, with the relevant reports of the Board of Directors and Auditors.
2. Discharged the members of the Board of Directors and Auditors from every compensation liability for the fiscal year 2007.
3. Approved the manner and time period of the disposal of profits from the fiscal year 2007.
Also was decided the distribution of the dividend of 0.05 Euros per share with beneficiaries being the shareholders of the end of the Athens Stock Exchange trading day of June 26, 2008. As of June 27 2008, the share will be negotiated without any right to the dividend. The payment of the dividend will be completed by the network of ALPHA BANK from July 4, 2008 until the end of the year.
4. Elected as independent auditors for the fiscal year 2008 the auditing company of ERNST & YOUNG CHARTERED AUDITORS ACCOUNTANTS S.A., according to their offer.
5. Elected a new Board of Directors of the company for a term of one (1) year the following:
(1) MILTIADIS LIDORIKIS,
(2) IOANNIS PANAGIOTOPOULOS
(3) DIMITRIOS KYRIAKOPOULOS,
(4) KONSTANTINOS KATSAROS,
(5) NIKOLAOS KOUDOUNIS,
(6) ANDREAS KYRIAZIS, independent member
(7) KONSTANTINOS BAKOURIS,
(8) ABRAHAM MEYIR,
(9) KONSTANTINOS KOUKLELIS,
(10) GERARD DECOSTER, independent member
(11) REINHOLD WAGNER.
6. Approved the remuneration of members of the Board of Directors in accordance with article 24 par. 2 of the C.L. 2190/1920.
7. Approved the issuance of common bond loans, in accordance with L. 3156/2003, up to the amount of forty million (40,000,000.00) Euros.
8. Postponed the approval of the coverage of ELVAL's participation for investments that have integrated in the development law 3299/2004, till a future Assembly.
9. There were no other announcements and issues for discussion.