FIERATEX S.A.
Decisions of the Annual General Meeting of Shareholders.
The company ANEZOULAKIS BROS S.A. announces that today, June 30, 2008, the Annual General Meeting of Shareholders took place at the company seat in Nea Santa Kilkis. For the Annual General Meeting 3 shareholders legally represented 7.107.191 shares, with an equivalent number of votes and representing 68,926% of the Company's total share capital and voting rights, were present. The Annual General Meeting decided unanimously on the following items on the agenda:
1)It approved the financial statements consolidated or not, in accordance with the IFRS, for the fiscal year 2007, the Board of Directors' Report and the Certified Auditor's Report.
2)It approved the discharge of both the BoD members and the Certified Auditor from any liability for indemnity, pertaining to the above financial statements for fiscal year 2007.
3)It approved of not distribution of dividend from the profits of year 2007.
4)It approved the election of Mrs Ioanna Gogou as Regular Certified Auditor and Mr Athanasios Diamantis as Substitute Certified Auditor for the audit of fiscal year 2008, both from SOL S.A. Auditing Company.
5)It decided the cancellation of 107.800 own shares that has been bought by the company with corresponding reduction of the share capital for the amount of 78.694,00 euros ( 107.800 shares multiply 0,73 euro nominal price each one).
6)It unanimously decided the modification of article 5 of Incorporation of the Company relative to the above mentioned share capital reduction.
7)It decided for purchasing of own shares, according to the provisions of article 16 of the law 2190/20. According to the above decision the company intends to buy own shares till the amount of 1.020.357 that constitutes the 10% of total number of shares of the company. The individual time interval that the purchase will be realised is from 01.07.2008 until 29.06.2009, with minimum price of 0,30 euros and high price 3,00 euros.
8)It approved the Board of Directors' fees for the year 2007 and decided for the Board of Directors' fees for the year 2008.
9)Mr President announced toy the Annual General Meeting of Shareholders that the investment plan of the company, which concern the partial replacement of mechanical equipment, focuses the decrease of the production cost and has total budget 3,6 million euros, has been approved according the law 3299-04. The investment plan will be completed till the end of year 2009. The budget will be realised by the company for 25%, by bank loan for 50% and by state grant for 25%. Till today has been completed the 34% of the budget and till the end of the next month the partial disbursal of the loan and the grant will be done.
1)It approved the financial statements consolidated or not, in accordance with the IFRS, for the fiscal year 2007, the Board of Directors' Report and the Certified Auditor's Report.
2)It approved the discharge of both the BoD members and the Certified Auditor from any liability for indemnity, pertaining to the above financial statements for fiscal year 2007.
3)It approved of not distribution of dividend from the profits of year 2007.
4)It approved the election of Mrs Ioanna Gogou as Regular Certified Auditor and Mr Athanasios Diamantis as Substitute Certified Auditor for the audit of fiscal year 2008, both from SOL S.A. Auditing Company.
5)It decided the cancellation of 107.800 own shares that has been bought by the company with corresponding reduction of the share capital for the amount of 78.694,00 euros ( 107.800 shares multiply 0,73 euro nominal price each one).
6)It unanimously decided the modification of article 5 of Incorporation of the Company relative to the above mentioned share capital reduction.
7)It decided for purchasing of own shares, according to the provisions of article 16 of the law 2190/20. According to the above decision the company intends to buy own shares till the amount of 1.020.357 that constitutes the 10% of total number of shares of the company. The individual time interval that the purchase will be realised is from 01.07.2008 until 29.06.2009, with minimum price of 0,30 euros and high price 3,00 euros.
8)It approved the Board of Directors' fees for the year 2007 and decided for the Board of Directors' fees for the year 2008.
9)Mr President announced toy the Annual General Meeting of Shareholders that the investment plan of the company, which concern the partial replacement of mechanical equipment, focuses the decrease of the production cost and has total budget 3,6 million euros, has been approved according the law 3299-04. The investment plan will be completed till the end of year 2009. The budget will be realised by the company for 25%, by bank loan for 50% and by state grant for 25%. Till today has been completed the 34% of the budget and till the end of the next month the partial disbursal of the loan and the grant will be done.