RESOLUTIONS OF REGULAR GENERAL MEETING
HELLENIC SUGAR INDUSTRY S.A.
MITROPOLEOS 34 - 54110 THESSALONIKI
S.A. Reg. No. 8246/06/B/86/11
Thessaloniki, 3/12/2012
RESOLUTIONS OF REGULAR GENERAL MEETING
AND VOTING RESULTS
The company “Hellenic Sugar Industry S.A.” in accordance with the Law 3556/2007 and article 4.1.4.3.1 of Athens Exchange Regulation announces the followings:
Company's Regular Annual General Meeting took place on Friday, November 30th, 2012, at 11:00, at ELECTRA PALLAS HOTEL, Aristotle's square, Thessaloniki, where 8 shareholders attended, either in person or by proxy, representing 30,305,220 shares (and 30,305,220 voting rights) of the total 36,748,909 shares (and 36,748,909 voting rights), equal to 82.465% of the Company's paid-up share capital.
The shareholders discussed and adopted the following resolutions for all the items of the agenda:
ITEM 1.
The General Meeting approved the Annual Consolidated and Company's Financial Statements of the fiscal year from 01.07.2011 to 30.06.2012, which were established in compliance with the International Accounting Standards along with the Board of Director's Annual Report, the Notes to the Financial Statements and the Independent Auditor's Report.
Voting results:
Number of shares and valid votes in favour: 30,305,210 (82.465 % of share capital)
Number of shares and valid votes declared present: 10 (0.00003 % of share capital)
ITEM 2.
The General Meeting approved the release of the members the Board of Directors and the Auditors from any liability for compensation for their activity during the fiscal year from 01.07.2011 to 30.06.2012.
Voting results:
Number of shares and valid votes in favour: 30,305,220 (82.465 % of share capital)
ITEM 3.
The General Meeting:
a) approved the fees and expenses of the Board of Directors for the fiscal period from 01.07.2011 to 30.06.2012.
b) pre-approved the fees of the Board of Directors for the financial year from 01.07.2012 to 30.06.2013 which are the same with the fees of the previous financial year. Expenses for representation on the Board are defined to the amount of 264.00 € for all the members of the Board.
Voting results:
Number of shares and valid votes in favour: 30,305,220 (82.465 % of share capital)
ITEM 4.
The General Meeting elected the auditing firm GRANT THORΝTON S.A. which will be responsible for the auditing of the Company's financial statements and the Group's consolidated financial statements for the financial year from 1.7.2012 to 30.6.2013 and set their fee to the total amount of 80,000 € (60,000 € for the audit of the financial statements and 20,000 € for the tax audit of the financial year from 1.7.2012 to 30.6.2013), including any kind of expenses, plus VAT.
Voting results:
Number of shares and valid votes in favour: 30,305,220 (82.465 % of share capital)
ITEM 5.
The General Meeting ratified the election of Mr. Paulos Mparoutas as an Independent Non-Executive member of the Board of Directors, for the rest of its tenure, i.e. until March 29th,2015, in replacement of Mrs Tsakiri who has been resigned.
Voting results:
Number of shares and valid votes in favour: 30,305,220 (82.465 % of share capital)
ITEM 6.
The General Meeting ratified the election of Mr. Paulos Mparoutas as a member of the Audit Committee, in replacement of Mrs Tsakiri who has been resigned.
Voting results:
Number of shares and valid votes in favour: 30,305,220 (82.465 % of share capital)
ITEM 7.
The General Meeting appointed the members of the Audit Committee as follows:
1. Spiridon Koliatsas - Non-Executive member of the BoD.
2. Manassis Konstantinidis - Independent Non-Executive member of the BoD.
3. Paulos Mparoutas - Independent Non-Executive member of the BoD.
Voting results:
Number of shares and valid votes in favour: 30,305,220 (82.465 % of share capital)