Decisions of the Annual General Meeting

(28.06.2012)

 

«HELLENIC FABRICS S.A.» announces that the Annual General Meeting of the Company's shareholders was held on Thursday 28.06.2012 at 15:00 hrs, at the auditorium of the 2nd floor on 15 Komninon Street (corner to Tsimiski Street), in Thessaloniki. The AGM was attended by eight shareholders, either in person or by proxy, who represented 8,782,065 shares out of 13,692,227 total shares, that is 64,14% of the issued  share capital, and on the topics of the Agenda the shareholders:

 

1.       Approved the Individual and Consolidated Financial Statements of the Company according to IFRS for the fiscal year 01.01.2011 to 31.12.2011, with the relevant Annual Reports of the Board of Directors and the Statutory Auditor.

Number of shares for which valid votes were cast: 8,782,065

Percentage of the share capital: 64,14%

Total valid votes: 8,782,065

Voting results and percentages of valid:

For: 8,782,065 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)

 

2.       Discharged the Members of the Board of Directors and the Auditors from any responsibility for compensation concerning the fiscal year from 1.1.2011 to 31.12.2011.

Number of shares for which valid votes were cast: 8,782,065

Percentage of the share capital: 64,14%

Total valid votes: 8,782,065

Voting results and percentages of valid:

For: 8,782,065 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)

 

3.       Appointed «ERNST & YOUNG HELLAS S.A. CERTIFIED AUDITORS ACCOUNTANTS», as auditors for the fiscal year 2012. The same company with a letter will determine its members who will designate as regular and substitute auditors. Their fee will derive after negotiations with the authorized company's CEO.

Number of shares for which valid votes were cast: 8,782,065

Percentage of the share capital: 64,14%

Total valid votes: 8,782,065

Voting results and percentages of valid:

For: 8,782,065 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)

 

4.       Approved the replacement of the resigned members of the Board of Directors and confirmed the status of the new independent, non-executive member, Mr. Michalis Siopsis. Also, confirmed the composition of the Audit Committee.

Number of shares for which valid votes were cast: 8,782,065

Percentage of the share capital: 64,14%

Total valid votes: 8,782,065

Voting results and percentages of valid:

For: 8,782,065 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)

 

5.       Approved the wages and compensation paid to the executives and non-executives members of the Board of Directors in 2011 and preliminary approved the wages and compensations for 2012.

Number of shares for which valid votes were cast: 8,782,065

Percentage of the share capital: 64,14%

Total valid votes: 8,782,065

Voting results and percentages of valid:

For: 8,782,065 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)

 

6.       Approved the amendment of Articles 6, 11, 20, 21, 22, 23, 24, 27, 28, 30, 31 and 35 of Company's articles of association, in order to harmonize with the provisions of recent legislation.

Number of shares for which valid votes were cast: 8,782,065

Percentage of the share capital: 64,14%

Total valid votes: 8,782,065

Voting results and percentages of valid:

For: 8,782,065 (100%). Against: 0 (0%) Blank/Abstained: 0 (0%)

 

7.       Regarding the item 7 of the Agenda, «Announcements and other Issues», the Chairman and the CEO informed the shareholders about the company's progress.