KNITWEAR FACTORY MAXIM C.M. PERTSINIDIS
DECISION OF THE ORDINARY GENERAL ASSEMBLY
During the Annual Ordinary General Assembly of the Shareholders of the "INDUSTRY OF KNITWEAR MAXIM KONSTANTINOS M.PERTSINIDIS S.A.", held on the 30th of May 2008, three shareholders of the company, representing 46,72% of its share capital (7.014.612 shares with a right of vote, of the total 15.015.000 shares) were present and the issues of the agenda were discussed, as these had been announced by the invitation of the Board of Directors on 29.04.2008. The assembly decided and approved unanimously the issues of the agenda as follows:
1.It approved the Management Report of the Board of Directors, including the Explanatory Report of the Board of Directors, according to article 11a, law 3371/2005 and the Audit Report of the Independent Chartered Accountant on the Annual Financial Statements of the fiscal year 01.01.2007 - 31.12.2007.
2.It approved the annual financial statements, according to the International Standards of International Financial Reporting Standards (IFRS) for the fiscal year 01.01.2007 - 31.12.2007. The company will not distribute any dividend due to the negative results of the fiscal year.
3.It exempted the members of the Board of Directors and the Chartered Auditor Accountant from any indemnification reliability for the proceedings of the fiscal year 2007.
4.It elected as chartered auditors for the current fiscal year 2008 Mr. Stavros K. Saloustros, Chartered Auditor Accountant, ordinary auditors and Mr. Spyros I. Bounias, substitute, of the Audit Company S.O.L. A.E.O.E.
5.It approved unanimously the election of Mr. Pertsinidis P. Charalambos as a non-executive member in replacement of the resigning member Anastasios Akritidis that was decided by the Board of Directors during its meeting on 17.10.2007.
6.It elected unanimously a new Board of Directors with a five-year term, consisting of Stefos Ch. Konstantinos, Kourouklidis G.Nikitas, Tsikoudis N. Panagiotis, Pertsinidis P. Charalampos, Pertsinidis Ch. Maximos, Anthimidis Th. Thomas, Sidiropoulos A.Pavlos. Mr. Anthimidis Th. Thomas and Sidiropoulos A.Pavlos were elected as independent non-executive members.
7.It approved unanimously the fees remunerations that were paid during the fiscal year 2007 to members of the Board of Directors, according to the pre-approvals of the previous Ordinary General Assemblies and pre-approved the fees of the members of the Board of Directors for the fiscal year 2008 and till the next annual ordinary General Assembly.
1.It approved the Management Report of the Board of Directors, including the Explanatory Report of the Board of Directors, according to article 11a, law 3371/2005 and the Audit Report of the Independent Chartered Accountant on the Annual Financial Statements of the fiscal year 01.01.2007 - 31.12.2007.
2.It approved the annual financial statements, according to the International Standards of International Financial Reporting Standards (IFRS) for the fiscal year 01.01.2007 - 31.12.2007. The company will not distribute any dividend due to the negative results of the fiscal year.
3.It exempted the members of the Board of Directors and the Chartered Auditor Accountant from any indemnification reliability for the proceedings of the fiscal year 2007.
4.It elected as chartered auditors for the current fiscal year 2008 Mr. Stavros K. Saloustros, Chartered Auditor Accountant, ordinary auditors and Mr. Spyros I. Bounias, substitute, of the Audit Company S.O.L. A.E.O.E.
5.It approved unanimously the election of Mr. Pertsinidis P. Charalambos as a non-executive member in replacement of the resigning member Anastasios Akritidis that was decided by the Board of Directors during its meeting on 17.10.2007.
6.It elected unanimously a new Board of Directors with a five-year term, consisting of Stefos Ch. Konstantinos, Kourouklidis G.Nikitas, Tsikoudis N. Panagiotis, Pertsinidis P. Charalampos, Pertsinidis Ch. Maximos, Anthimidis Th. Thomas, Sidiropoulos A.Pavlos. Mr. Anthimidis Th. Thomas and Sidiropoulos A.Pavlos were elected as independent non-executive members.
7.It approved unanimously the fees remunerations that were paid during the fiscal year 2007 to members of the Board of Directors, according to the pre-approvals of the previous Ordinary General Assemblies and pre-approved the fees of the members of the Board of Directors for the fiscal year 2008 and till the next annual ordinary General Assembly.