SIDENOR HOLDINGS S.A.
Decisions of the Repeat Ordinary General Shareholders Meeting on 2008-06-26
In Athens today, June 26, 2008 at 11:30 a.m., at the "ATHENS IMPERIAL" hotel, Karaiskaki quare, the shareholders of ''SIDENOR STEEL PRODUCTS MANUFACTURING COMPANY SA'' assembled to the Repeat General Meeting pursuant to the original invitation of the Board of Directors, according to article 29 par. 2 of Law 2190/20.
The General Assembly of the shareholders, with total voting shares present 56.923.741 out of the total 96.129.491 outstanding shares, hence a 59,21% quorum, approved the issuance of common bond loans, according to Law 3156/2006, up to a total amount of sixty million (60.000.000) euro, which will be written in all to various banks and the proceeds will be used to restructure current short term borrowing to long term, to partially finance the company's investment plan, as well as to participate in share capital increases of subsidiary companies. As well, the General Assembly granted the authority to the Board of Directors to further define all specific terms of the loans and the appropriate procedure for the issuance.
The General Assembly of the shareholders, with total voting shares present 56.923.741 out of the total 96.129.491 outstanding shares, hence a 59,21% quorum, approved the issuance of common bond loans, according to Law 3156/2006, up to a total amount of sixty million (60.000.000) euro, which will be written in all to various banks and the proceeds will be used to restructure current short term borrowing to long term, to partially finance the company's investment plan, as well as to participate in share capital increases of subsidiary companies. As well, the General Assembly granted the authority to the Board of Directors to further define all specific terms of the loans and the appropriate procedure for the issuance.