The Annual Ordinary General Shareholders Meeting of SPRIDER STORES SA was held on Monday, May 30, 2011, at the company?s business headquarters in Anthoussa. A total of 17 shareholders were present, owning 20,121,686 shares out of 26,262,660 shares outstanding, representing 76.62% of the paid up share capital; therefore the General meeting was validly held in quorum regarding all agenda items. In specific, the General Meeting:
1.Approved, the company and the consolidated Annual Financial Report of the fiscal year from 01/01/2010 to 31/12/2010, under the International Financial Reporting Standards (I.F.R.S.) upon the announcement of the Board of Directors Management Report and the Audit Report of the Chartered Accountants - Auditors.
[Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)]
2.Approved the earnings distribution (losses) for the fiscal year from 01/01/2009 to 31/12/2010.
[Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)]
3.Approved to discharge the members of the Board of Directors and the Chartered Accountant ? Auditor from any liabilities arising from the fiscal year 2010.
[Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)]
4.Approved the remunerations and other expenses paid to Board of Directors members during the fiscal year 2010, which amounted to euro 514,803.47 and pre-approved the remunerations for the fiscal year 2011 (January 1, 2011 to December 31, 2011) to not exceed euro 10,000 per month for every Board member.
[Voted: 20,121,686 (100% of the shareholders presented), For: 17,360,279 (86.3%), Abstain: 2,761,407 (13.7%)]
5.Approved GRANT THORNTON S.A. to conduct the audit of FY 2011 and specifically Mr. Pavlos Stellakis (SOEL Reg. No 24941) and Mr. George Deligiannis (SOEL Reg. No 15791) as regular and deputy chartered accountant ? auditor respectively for the fiscal year from 1st January 2011 to 31st December 2011.
[Voted: 20,121,686 (100% of the shareholders presented), For: 17,328,421 (86.1%), Abstain: 2,793,265 (13.9%)]
6.Approved the election of a new BoD, as follows:
Athanasios Hatzioannou, Executive Member
Savvas Hatzioannou, Executive Member
Dimosthenis Aravanis, Executive Member
Dorotheos Hatzioannou, Executive Member
Evaggelos Hatzioannou, Executive Member
Evlalia / Eileen Efthimiou, Executive Member
Emmanuel Vlaseros, Independent non Executive Member
Nikolaos Doulaveris, Independent non Executive Member
Vasileios Tsiganos, Independent non Executive Member
The term of the above BoD is six (6) years, and terminates on 30/05/2017.
[Voted: 20,121,686 (100% of the shareholders presented), For: 17,328,421 (86.1%), Abstain: 2,793,265 (13.9%)]
7.Approved the issue of a common corporate bond up to the amount of euro 26.2 million and authorized the BoD to specify the relative terms and conditions.
[Voted: 20,121,686 (100% of the shareholders presented), For: 20,121,686 (100%)]