Disclosure of new composition of the Board of Directors, Audit Committee and Remuneration and Nomination Committee of "ELGEKA S.A."
Thessaloniki, October 1st, 2013
"ELGEKA S.A." discloses, according to the Athens Stock Exchange Regulation, the article 6 par.1 of L. 3340/2005 and article 2 par. e of decision 3/347/12.7.2005 of Hellenic Capital Market Commission, as well as the L. 3016/2002 on Corporate Governance, that the Board of Directors of the Company during its meeting on 01/10/2013 elected as new non-executive member Mr. Pericles Stamatiadis of Panagiotis, following the resignation of non-executive member Mr. Kyriakos Sachanidis of Socrates, for the remainder of Board ending June 25, 2017. That election of a new Board member is temporary and should be approved by the next General Meeting of the Company.
Consequently, the Board of Directors of the Company will henceforth have the following composition with the following properties:
1. Elli Drakopoulou, wife of Nikolaos, Chairman – Executive Member
2. Stilianos Marcos Stefanou, Vice - Chairman, Independent Non - Executive Member
3. Alexandros George Katsiotis, Managing Director – Executive Member
4. Anthimos Vasilios Misailidis, Group Chief Financial Officer – Executive Member
5. Leonidas Theodoros Theoklitos, Independent Non - Executive Member
6. Pericles Panagiotis Stamatiadis, Independent Non - Executive Member
7. Michael Emmanouil Fandridis, Independent Non - Executive Member
Then the Board of Directors of the Company under the provisions of article 7 of Law 3016/2002 on Corporate Governance and article 37 of Law 3693/2008, following the resignation of Mr Kyriacos Sachanidis and by the Audit Committee, elected as a new member Mr. Pericles Stamatiadis for the remaining term of the committee expires on June 25, 2017. The election of a new member of the Audit Committee is temporary and should be approved by the next General Meeting of the Company.
Consequently, the new Audit Committee will be composed of the following independent non-executive directors:
1. Stilianos Marcos Stefanou, Independent Non - Executive Member
2. Pericles Panagiotis Stamatiadis, Independent Non - Executive Member
3. Michael Emmanouil Fandridis, Independent Non - Executive Member
As Chairman of the Audit Committee remains Mr. Stilianos Stefanou, who covers all the conditions required by article 37 par. 1 of L. 3693/2008.
Finally, the Board of Directors decided to increase the number of members since 26/06/2013 constituted Remuneration and Nomination Committee from three (3) to four (4) members and elected as a new member Mr. Pericles Stamatiadis. Therefore, the new composition of the Remuneration and Nomination Committee of the Company will be as follows:
1. Leonidas Theodoros Theoklitos, Chairman - Independent Non - Executive Member
2. Stilianos Marcos Stefanou, Independent Non - Executive Member
3. Michael Emmanouil Fandridis, Independent Non - Executive Member
4. Pericles Panagiotis Stamatiadis, Independent Non - Executive Member
and its term shall be commensurate with that of the Board of Directors and the Audit Committee of the Company.