«THRACE PLASTICS HOLDING S.A.»   

15.05.2018   

   

   

Decisions of the Annual General Meeting

The Société Anonyme under the name "THRACE PLASTICS HOLDING AND COMMERCIAL SOCIETE ANONYME" and the distinctive title "THRACE PLASTICS CO. S.A." (hereinafter named the "Company" for purposes of brevity), announces that on Tuesday, 15^th May 2018, at 12:30, the Annual General Meeting of its shareholders took place at the Company's registered offices in Magiko, Municipality of Avdira, County of Xanthi, Greece.

Twenty one (21) shareholders were present at the Annual General Meeting either in person or through a proxy, representing 32,889,394 common registered shares and equivalent voting rights, namely 75.19% of the Company's share capital and voting rights.

It is noted that for 4,324 common registered shares, the attendance and voting rights are being suspended according to the provisions of article 16, paragraph 8 of P.L. 2190/1920, since they constitute treasury shares of the Company and therefore they are not accounted for in the formation of quorum.

 

The Annual General Meeting of the Company made the following decisions on the daily agenda items as presented below, based on the voting results for each item, in accordance with article 10 of L. 3884/2010. The above have also been posted on the Company's legally registered website (www.thracegroup.gr).

 

 

On the 1^st item, shareholders unanimously approved the Annual Financial Statements (separate and consolidated) of the Company for the financial year 2017 (1/1/2017 - 31/12/2017), together with the Annual Management Report of the Board of Directors as at 17.04.2018 and of the Report of the Company's Certified Auditor - Accountant as at 19.04.2018. The above have been included in the annual Financial Report of the year 2017, which has been legally prepared and published by the Company both in the legally registered address of the Company's website in the General Electronic Commercial Registry (GEMI), and through dissemination of the above to the website of the Organized Market in which the Company's shares are traded as well as in the Hellenic Capital Market Commission.

Number of shares for which valid votes were given: 32,889,394

Percent of share capital: 75.19%

Total number of valid votes: 32,889,394

In favor: 32,889,394

Against: 0

Abstention (present): 0

 

On the 2^nd item, the shareholders unanimously approved the appropriation (distribution) of income for the financial year 2017 (01/01/2017 - 31/12/2017) and specifically they approved to distribute a total dividend of Euro 2,058,217.79 (gross amount) to the shareholders of the Company from the earnings of the closing financial year 2017 as well as from previous years' earnings.

It is noted that the Company holds 4,324 own (treasury) shares which are not entitled to the dividend payment and therefore the amount of the dividend which corresponds to the particular shares increases the dividend of all remaining shares.

The Company's shareholders registered in the records of the Dematerialized Securities System (SAT) as of Monday, May 21, 2018 (record date), are those entitled to receive the above dividend.

Friday, May 18, 2018, was set as the ex-dividend date, with regard to the dividend of the year 2017, according to the relevant article 5.2 of the Athens Exchange Regulation.

The payment of dividend will commence on Friday, May 25, 2018, and will be implemented through the Societe Anonyme under the name “PIRAEUS BANK S.A.”, according to the procedure stipulated by the Regulation of the Athens Exchange in effect and in accordance with the restrictions or limitations concerning the withdrawal of cash and the transfer of capital following the Act of Legislative Content dated 18/07/2017 (Gov. Gaz. 84/18/07/2015) as it is currently in effect.

At the same time, with the above decision the General Meeting of shareholders authorized the Board of Directors of the Company to carry out and complete any matter in relation to the appropriate and timely implementation of the decision taken as of today concerning the payment (distribution) of dividend.

Number of shares for which valid votes were given: 32,889,394

Percent of share capital: 75.19%

Total number of valid votes: 32.889,394

In favor: 32.889,394

Against: 0

Abstention (present): 0

 

On the 3rd item, shareholders unanimously  released the Board of Directors' members and the Company's Certified Auditors from any liability for indemnity regarding the above Annual Financial Statements as well as for the actions and the administration of the closing financial year 2017 (01/01/2017 - 31/12/2017).

Number of shares for which valid votes were given: 32,889,394

Percent of share capital: 75.19%

Total number of valid votes: 32,889,394

In favor: 32,889,394

Against: 0

Abstention (present): 0

 

On the 4^th item, the shareholders, following the relevant proposal – recommendation made by the Company's Audit Committee, unanimously approved the election of the Audit Firm under the name “PRICEWATERHOUSECOOPERS” registered in the Public Records of the article 14 of Law 4449/2017 for the regular audit of the annual and semi-annual Financial Statements of the Company (separate and consolidated) for the current financial year 2018 (01.01.2018-31.12.2018). The firm shall assign the audit to its member Mr. Dimitrios Sourbis, father's name Andreas, S.O.E.L. Reg. No. 16891, as Ordinary Certified Auditor and Mrs. Despoina Marinou, father's name Petros, S.O.E.L. Reg. No. 17681, as Deputy Certified Auditor.

It is noted that the above Auditing Firm shall assume responsibility of the issuing process of the annual tax certificate and the tax compliance report of the Company for the financial year 2018, in accordance with provisions of article 65Α of L. 4174/2013.

Finally, the Board of Directors was authorized by the General Meeting to proceed to a final agreement with the above auditing firm with regard to the level of its fees as well as to send the written notification-mandate to the elected auditing firm within five (5) days from the date of its election.  

Number of shares for which valid votes were given: 32,889,394

Percent of share capital: 75.190%

Total number of valid votes: 32,889,394

In favor: 32,889,394

Against: 0

Abstention (present): 0

 

On the 5^th item, the shareholders by majority approved the fees and remunerations of the members of the Board of Directors paid for their services in the closing financial year 2017 (01.01.2017-31.12.2017) and until the date of the present General Meeting, whereas they by majority granted pre-approval of fees and remunerations of the members of the Board of Directors for the period beginning from the present Ordinary General Meeting and up until the date of the next Ordinary General Meeting.

Number of shares for which valid votes were given: 32,889,394

Percent of share capital: 75.19%

Total number of valid votes: 32,889,394

In favor: 32,514,617

Against: 0

Abstention (present): 374,777

 

On the 6^th item, the shareholders unanimously approved the granting of permission, pursuant to article 23 of Codified Law 2190/1920, to the Members of the Board of Directors, the General Managers and the Managers of the Company, with regard to their participation in the Management of subsidiaries or affiliated companies (current or / and future) of the Company and subsequently of the Group.

Number of shares for which valid votes were given: 32,889,394

Percent of share capital: 75.19%

Total number of valid votes: 32,889,394

In favor: 32,889,394

Against: 0

Abstention (present): 0

 

On the 7^th item, on behalf of the President of the General Meeting certain announcements were made towards the attendants – shareholders with regard to the business course of the Company.