THRACE PLASTICS HOLDING AND COMMERCIAL S.A.
Resolutions of the Annual General Meeting of Shareholders
The company Thrace Plastics Co S.A. announces that today, June 24, 2008, the Annual General Meeting of Shareholders took place at the company seat in Magiko, Xanthi.
For the Annual General Meeting shareholders owning 31,668,457 shares, with an equivalent number of votes and representing 68.92% of the Company's total share capital and voting rights, committed their shares and were present, either in person or legally represented.
The Annual General Meeting decided unanimously on the following items on the agenda:
1) It approved the financial statements, in accordance with the IFRS, for the fiscal year 01/01/2007-31/12/2007, the Board of Directors' Report, the Certified Auditor's Report as well as the appropriation of profits, according to which a dividend of euro 1.010.889 will be distributed, equivalent to 0,022 euro per share.
2) It approved the discharge of both the BoD members and the Certified Auditor from any liability for indemnity, pertaining to the above financial statements for fiscal year 2007
3) It approved the compensation paid to the Board of Directors in the period 1.07.2007 - 30.06.2008, as well as the compensation to be paid for the period 1.07.2008 - 30.06.2009
4) It approved the election of a Regular and Substitute Certified Auditor for the audit of fiscal year 2008 and determination of their remuneration.
5) It approved the election of the new Board of Directors due to expiry of the term of office of the current one, which will be responsible for management of the Company until the calling of the Ordinary Annual General Meeting of the Company, in 2013.
6) It unanimously granted permission, in accordance with article 23a of Law 2190/1920, to draw up a contract for the sale of the total shares of Adfirmate Ltd, fully owned by Synthetic Holdings Ltd, to Chalioris family.
7) It approved the issue of a permit, valid according to article 23, par. 1 of Codified Law 2190/20, to the Members of the Board of Directors, to the General Managers and to the Managers of the Company, allowing them to participate in the Board of Directors? meetings or in the management of subsidiaries, affiliated companies and, by extension, of the Thrace Group.
8) It approved the Amendment Plan for the Articles of Association of the Company in compliance with the new stipulations of L 2190/1920.
9) It approved the transfer of responsibility to the Board of Directors for the issue of Corporate Bonds up to the value of 15 million euro.
For the Annual General Meeting shareholders owning 31,668,457 shares, with an equivalent number of votes and representing 68.92% of the Company's total share capital and voting rights, committed their shares and were present, either in person or legally represented.
The Annual General Meeting decided unanimously on the following items on the agenda:
1) It approved the financial statements, in accordance with the IFRS, for the fiscal year 01/01/2007-31/12/2007, the Board of Directors' Report, the Certified Auditor's Report as well as the appropriation of profits, according to which a dividend of euro 1.010.889 will be distributed, equivalent to 0,022 euro per share.
2) It approved the discharge of both the BoD members and the Certified Auditor from any liability for indemnity, pertaining to the above financial statements for fiscal year 2007
3) It approved the compensation paid to the Board of Directors in the period 1.07.2007 - 30.06.2008, as well as the compensation to be paid for the period 1.07.2008 - 30.06.2009
4) It approved the election of a Regular and Substitute Certified Auditor for the audit of fiscal year 2008 and determination of their remuneration.
5) It approved the election of the new Board of Directors due to expiry of the term of office of the current one, which will be responsible for management of the Company until the calling of the Ordinary Annual General Meeting of the Company, in 2013.
6) It unanimously granted permission, in accordance with article 23a of Law 2190/1920, to draw up a contract for the sale of the total shares of Adfirmate Ltd, fully owned by Synthetic Holdings Ltd, to Chalioris family.
7) It approved the issue of a permit, valid according to article 23, par. 1 of Codified Law 2190/20, to the Members of the Board of Directors, to the General Managers and to the Managers of the Company, allowing them to participate in the Board of Directors? meetings or in the management of subsidiaries, affiliated companies and, by extension, of the Thrace Group.
8) It approved the Amendment Plan for the Articles of Association of the Company in compliance with the new stipulations of L 2190/1920.
9) It approved the transfer of responsibility to the Board of Directors for the issue of Corporate Bonds up to the value of 15 million euro.