PREMIA REAL ESTATE INVESTMENT COMPANY SOCIETE ANOMYME
Announcement regarding the Extraordinary General Shareholders Meeting
According to the law and the Articles of Association, the Board of Directors of the Societe Anonyme under the name PASAL SOCIETE ANONYME REAL ESTATE DEVELOPMENT and the distinctive title PASAL DEVELOPMENT S.A. with S.A. Reg. No. 25148/06/Β/91/29, invites the Companys Shareholders to the Extraordinary General Meeting, which will convene on Thursday March 27th 2008, at 11.00 am at the Companys Registered Offices on 116 Kifisias Ave. & 1 Davaki Str. (4th floor), Ambelokipoi, Athens, with the following daily agenda issues:
1) Approval of the distribution of shares to the Company's employees and Board of Directors' members, as well as to the affiliated companies, according to the definition of article 42e par. 5 of CL 2190/20 with the form of a stock options plan according to the provisions of article 13 par. 13 of CL 2190/20, as is in effect.
2) Change of the Corporate Name, and amendment of article 1 of the Articles of Association.
3) Amendment, supplement to articles 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 19, 20, 21, 22, 23, 25, 26, 27, 28, 30, 31, 32, 33 and 34 of the Articles of Association, with the objective of reconciling such with the new provisions of CL 2190/20, as is currently in effect following the latters amendment with L. 3604/2007.
4) Approval of agreements between the Company and entities of article 23 a par. 5 of CL 2190/1920
5) Approval of sale of fixed assets to subsidiary companies, and provision of authority to the Board of Directors to proceed with all necessary actions for the execution of relevant sales/purchase agreements.
6) Granting of permission according to article 23 of CL 2190/1920 to the members of the Board of Directors and Senior Executives to participate in Board of Directors of subsidiaries or affiliated companies according to the definition of article 42e par. 5 of CL 2190/1920.
7) Other issues and announcements.
All Company shareholders have the right to participate in the Meeting and to vote in person or via a representative. Every share incorporates one voting right. In order to participate in the Meeting, Shareholders must block the number of shares under which they wish to participate, in the Dematerialized Securities System through the official user of their account. Shareholders who maintain their shares in the special account of the Dematerialized Securities System, must block the shares at the relevant department of Hellenic Exchanges S.A. In both cases, the relevant blocking certificates must be submitted to the Companys registered offices (Investor Relations Department, 116 Kifisias Ave. & 1 Davaki Str., 4th floor) at least five (5) days prior to the date for the Extraordinary General Meeting. Until the same deadline, shareholders must also submit to the Company all representation documents or Legal Authority Documents (if for a Legal Entity). In case quorum is not achieved during the aforementioned Extraordinary General Meeting on 27/3/2008, a repeated extraordinary General Meeting will follow on 7/4/2008, Monday and at 11.00 am. In case quorum is not achieved during the repeated General Meeting, a B? repeated Extraordinary General Meeting will follow on 18/4/2008, Friday and at 11.00 am. Both repeated Extraordinary General Meetings will take place at the Companys registered offices, 116 Kifisias Ave. & 1 Davaki Str., Ambelokipoi Athens. Shareholders who will block their shares for their participation in the Extraordinary General Meeting, in case of repeated General Meetings, will have to maintain such blocked or in case the blockage is ceased to re-block the shares at least five (5) days prior to the date of each repeated General Meeting. Furthermore, Shareholders who will not participate in the General Meeting on 27/3/2008, may subsequently block their shares and participate in the repeated Meetings.
1) Approval of the distribution of shares to the Company's employees and Board of Directors' members, as well as to the affiliated companies, according to the definition of article 42e par. 5 of CL 2190/20 with the form of a stock options plan according to the provisions of article 13 par. 13 of CL 2190/20, as is in effect.
2) Change of the Corporate Name, and amendment of article 1 of the Articles of Association.
3) Amendment, supplement to articles 5, 6, 7, 8, 9, 10, 11, 12, 14, 15, 16, 17, 19, 20, 21, 22, 23, 25, 26, 27, 28, 30, 31, 32, 33 and 34 of the Articles of Association, with the objective of reconciling such with the new provisions of CL 2190/20, as is currently in effect following the latters amendment with L. 3604/2007.
4) Approval of agreements between the Company and entities of article 23 a par. 5 of CL 2190/1920
5) Approval of sale of fixed assets to subsidiary companies, and provision of authority to the Board of Directors to proceed with all necessary actions for the execution of relevant sales/purchase agreements.
6) Granting of permission according to article 23 of CL 2190/1920 to the members of the Board of Directors and Senior Executives to participate in Board of Directors of subsidiaries or affiliated companies according to the definition of article 42e par. 5 of CL 2190/1920.
7) Other issues and announcements.
All Company shareholders have the right to participate in the Meeting and to vote in person or via a representative. Every share incorporates one voting right. In order to participate in the Meeting, Shareholders must block the number of shares under which they wish to participate, in the Dematerialized Securities System through the official user of their account. Shareholders who maintain their shares in the special account of the Dematerialized Securities System, must block the shares at the relevant department of Hellenic Exchanges S.A. In both cases, the relevant blocking certificates must be submitted to the Companys registered offices (Investor Relations Department, 116 Kifisias Ave. & 1 Davaki Str., 4th floor) at least five (5) days prior to the date for the Extraordinary General Meeting. Until the same deadline, shareholders must also submit to the Company all representation documents or Legal Authority Documents (if for a Legal Entity). In case quorum is not achieved during the aforementioned Extraordinary General Meeting on 27/3/2008, a repeated extraordinary General Meeting will follow on 7/4/2008, Monday and at 11.00 am. In case quorum is not achieved during the repeated General Meeting, a B? repeated Extraordinary General Meeting will follow on 18/4/2008, Friday and at 11.00 am. Both repeated Extraordinary General Meetings will take place at the Companys registered offices, 116 Kifisias Ave. & 1 Davaki Str., Ambelokipoi Athens. Shareholders who will block their shares for their participation in the Extraordinary General Meeting, in case of repeated General Meetings, will have to maintain such blocked or in case the blockage is ceased to re-block the shares at least five (5) days prior to the date of each repeated General Meeting. Furthermore, Shareholders who will not participate in the General Meeting on 27/3/2008, may subsequently block their shares and participate in the repeated Meetings.