C. ROKAS SA informs the investment public that the Ordinary General Assembly of the Shareholders took place at the "NJV ATHENS PLAZA", on Thursday 5 June 2008, with the participation of 53,40% of the total common and the participation of 55,04% of the total preferred share capital.
Financial issues of the daily agenda
The Company and the Consolidated financial statements for the financial year of 2007 were approved, as well as the respective Reports of the BoD. Moreover, the auditing firm Ernst & Young was re-elected for the year 2008. Furthermore, a dividend distribution of euro 0.19 per share for 2007 versus euro 0.18 per share for 2006 was decided. Monday 9 June 2008 was determined as the ex dividend day, while Tuesday 17 June 2008 was set as the dividend payment day.
Other issues of the daily agenda
The need for relocation of the Company's business headquarters was discussed but the decision was postponed for a later stage, given that the BOD decided to review further options before concluding in the one best for the needs of the needs of the Company.
Presentations / Speeches
* Mrs. Vassiliki Christodoulopoulou, Chairman and CEO, during her speech mentioned the most significant Group developments and in specific the positive future prospects of the Electromechanical Projects sector.
* Mr. Athanasios Tsantilas, Member of the Board of Directors and Energy Division Director, mentioned the most significant developments of the Energy sector where the Group is active. Mr. Tsantilas also referred briefly to the legal framework of the Energy sector in Greece, the business plan of the Group, and the positive conditions for new investments as well as the delays of the sector in receiving the appropriate licenses.
* Mr. Christian Thomas, CFO & IRO of the Group briefly presented the FY 2007 Consolidated Financial Results.
Issues outside the daily agenda
Finally, reference was made to the Board of Directors meeting of the same day and more specifically to the decision taken in the context of the internal restructuring of the Group, on the following issues:
* Transformation of the Limited Liability subsidiaries of the Company into Societes Anonyme.
* Purchase by the Parent Company of the minority shares held in the most of the abovementioned Ltd subsidiaries by another 100% subsidiary of the Company.
* The transfer to the 100% subsidiary company, which will be named "ROKAS CONSTRUCTIONS SA", of the Parent Company's business activity concerning the own production of constructions of electromechanical projects; the above subsidiary will continue in total this activity.
The Company expects that the above restructuring will contribute to the smoother and more efficient operation of the Group, and to the further growth of the electromechanical sector of the Group, whilst it is not anticipated to have any material effects on the consolidated financial statements and results.
For any further information please contact:
Mr. Christian Thomas, CFO & IRO,
tel. +30 210-8774100, e-mail: cthomas@rokasgroup.gr