In accordance with article 278 of the Athens Stock exchange regulation, Autohellas announces that its Extraordinary General Shareholders Meeting, took place on February the 15th 2008 at 11:00 and with 77 % of the shares and votes present or represented. In the Extraordinary Shareholders Meeting, 5 shareholders where present, with 12 shareholders represented by third parties.
The following decisions where unanimously taken:
Approval of the share capital increase by capitalization a) of difference from share capital paid in excess of Par value reserves and b) part of the account "Earnings/losses carried forward" of the financial statements which have been harmonized with the International Accounting Standards on the 31.12.2006, without the issuing of new shares, but by increasing the nominal value of each share.
Approval of the decrease of the company's share capital, with a simultaneous reduction of the company's share value by 1.3 euro. The respective amount will be distributed to the company's shareholders.
Approval of the authorization to the Board of Directors to proceed to the respective changes of article 3 of the company's articles of associations due to the above decision.
Approval of the authorization of the Board of Directors to proceed to the respective changes of articles 3,11,15 and 19 of the company's articles of associations in order to harmonize them to the provisions of Law 3156/2003 regarding Bond Loans.
Approval of the issue of a common bond loan according to the provisions of Law 3156/2004, up to the amount of 180 mill. Euro.
Has authorized the Board of directors to decide the purchase of own shares up to an amount equal to 1/10 of the company's total share capital.