Decisions of the Ordinary General Meeting of the 23rd of June 2016

Today, the 23^rd of June 2016, the Annual Ordinary General Meeting of the shareholders of "LOULIS MILLS SA" was held at Sourpi Magnesia (Loulis Port).The Annual General Meeting, during which the percentage of 75,40% of the share capital was represented , meaning that the shareholders and their representatives -who  represent 12.912.721 shares and 12.912.721 votes respectively- were present and decided the following: 

1. Unanimously approved by 12.912.721 votes, ie 75,40% of the share capital, the Annual Financial Statements and the Consolidated Financial Statements in accordance with the International Financial Reporting Standards (I.F.R.S.) for the fiscal year 2015 (from 1.1.2015 to 31.12.2015), after hearing and approving the relevant Board of Directors' Reports and the Certified Auditor's Report. Also unanimously approved by 12.912.721 votes, ie 75,40% of the share capital, the non-distribution of dividends to shareholders.
2. Unanimously, by 12.912.721 votes, ie 75,40% of the share capital, the Board of Directors and the Certified Auditors - Accountants were discharged from any compensation liability for the fiscal year 2015 (from 1.1.2015 to 31.12.2015).
3. The company "BDO Auditors Accountants SA" with registration number ELTE 173, which shall nominate the members of the regular Auditor – Accountant and the alternate Auditor - Accountant for auditing the annual financial statements of the Company and the Consolidated Financial Statements in accordance with International Financial Reporting Standards for the fiscal year 2016 (from 1.1.2016 to 31.12.2016) was unanimously elected by 12.912.721 votes, ie 75,40% of the share capital.
4. Approved unanimously, by 12.912.721 votes, ie 75,40% of the share capital, the distribution of remuneration to the Members of the Board of Directors for the fiscal year 2015 (from 1.1.2015 - 31.12.2015).
5. Pre-approved unanimously by 12.912.721 votes, ie 75,40% of the share capital, the amount of money paid for the next fiscal year to cover representation expenditure of Members of the Board and unanimously decided to pay, for the next fiscal use, salary and other remuneration to the Members of the Board of Directors, associated with the Company by an employment relationship.
6. Approved unanimously, by 12.912.721 votes, ie 75,40% of the share capital, the increase of the share capital of the Company by 1.027.503,72 euros, by increasing the nominal value of each share by 0,06 euros with capitalization of the reserves “difference from the issue of shares above par” and unanimously approved the decrease of the share capital of the Company by the same amount (1.027.503,72 euros) by decreasing the nominal value of each share by 0,06 euros, in order to return capital in cash to shareholders. Furthermore, the Annual General Meeting provided the authorization to the Board of Directors to settle all questions of procedure for the execution and implementation of this decision on the increase and reduction of the share capital.
7. Approved unanimously, by 12.912.721 votes, ie 75,40% of the share capital, the amendment to the Article 5 of the Articles of Association of the Company, in accordance with the above mentioned decision.
8. Approved unanimously, by 12.912.721 votes, ie 75,40% of the share capital, the provision of guarantee in favor of the company “KENFOOD TROFOGNOSIA S.A.” to “Attica Bank” totaling 716 000 euro.

  All the above decisions of the Annual Ordinary General Meeting of the Shareholders shall be effective immediately. The Company will not distribute dividends to the shareholders for the fiscal year 2015 (from 1.1.2015 - 31.12.2015), in accordance to the above-mentioned, first item of the Agenda.

Sourpi, the 23^rd of June 2016

The Board of Directors