ATHENS WATER SUPPLY & SEWAGE Co.

RESOLUTIONS OF ORDINARY SHAREHOLDERS MEETING 2014

 

 

Athens, April 30th 2014

 

 

 

RESOLUTIONS OF THE ORDINARY SHAREHOLDERS MEETING 2014

 

EYDAP S.A. informs the investment community that, its Annual Shareholders' Meeting was held on Wednesday 30th of April 2014, at 11.00 a.m. at a central hotel in Athens.

Present at the Company's General Meeting were 61 Shareholders, representing a total of 81.030.008 shares i.e.  76.08% of the Company's paid up share capital, and adopted the following resolutions:

1.  Approved the Board of Directors' Report, the Independent Auditors' Report and the annual financial statements for the fiscal year 2013, as well as the reclassified financial statements of 2012 as they are presented in the note 42 of the annual financial statements of 2013, after the obligatory application of the revised IAS 19 “Employee Benefits”, retroactively, from the Group and the Company.

2. Approved the exemption of the members of the Board of Directors and the Auditors from any liability for the fiscal year 2013.

3. Approved a dividend distribution of 0.36 euro per share gross, i.e. 0.324 euro per share net, after 10% withholding tax (0.036 euro per share) pursuant to Law 4110/2013 and the distribution of tax free reserves amount of 0.02 euro per share pursuant to article 72 Law 4172/2013. The total dividend amount that will be distributed to the shareholders comes up to 40,470,000 euro, i.e. 0.38 euro per share gross. Beneficiaries of the dividend are shareholders registered in the Company's records in the Dematerialized Securities System on May 7th 2014 (record date). Ex-rights date is therefore defined as May 5th, 2014. Payment of dividend will commence on May 13th, 2014 according to the procedure defined by the Regulation of the Athens Exchange.

 

4. Approved the Chairman's and CEO's remuneration paid for the year 2013, accountably for the period starting from 1.1.2014 until 30.4.2014 and approved in advance the relevant remunerations for the period starting from 1.5.2014 to 30.06.2015.

5. Approved the remunerations paid and compensations for the BoD members, the Secretary of the BoD and the Members of the Audit Committee for the financial year 2013, accountably for the period starting from 1.1.2014 until 30.4.2014 and approved in advance the relevant remunerations and compensations for the period starting from 1.5.2014 to 30.06.2015.

6. Selected the audit firm DELOITTE S.A. “Hatzipavlou – Sofianos & Kampanis S.A.” and elected the ordinary auditors, Mr. Michalis Hatzipavlou, Chartered Accountant (SOEL num. 12511) and Mr. Nikolaos Papadimitriou, Chartered Accountant (SOEL num. 14271) and the deputy Auditors Mr. Michalis Karavas, Chartered Accountant (SOEL num. 13371) and Mr. Telemachos Georgopoulos, Chartered Accountant (SOEL num. 19271)  and approved their remuneration for auditing the annual financial statements, reporting on the Review of Interim Condensed Financial Statements and for granting the Tax Certificate of fiscal year 2014.

7. Elected the Audit Committee Member Mr. Grigorios Zafiropoulos in replacement of the resigned Member Mr. Christos Mistriotis.