Decisions of the Ordinary General Meeting of the 14th of June 2018

Loulis Food Ingredients_Decisions of the Ordinary General Meeting of the 14th of June 2018

Today, the 14th of June 2018, the Αnnual Ordinary General Meeting of the shareholders of LOULIS MILLS SA was held at Sourpi Magnissia (Loulis Port). At the Annual General Meeting, during which the percentage of 76,2% of the share capital was represented, that means that the shareholders and their representatives, who represent 13.052.651 shares and 13.052.651 votes, were present :
1. Unanimously approved by a vote of 13.052.651, ie 76,2% 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 2017 (from 1.1.2017 to 31.12.2017), after hearing and approving the relevant Board of Directors’ Reports and the Certified Auditor's Report. Unanimously approved by a vote of 13.052.651, ie 76,2% of the share capital, the non-distribution of dividends to shareholders.
2. Unanimously, by a vote of 13.052.651, ie 76,2% of the share capital, the Board of Directors and the Certified Auditors - Accountants were discharged from any liability for the fiscal year 2017 (from 1.1.2017 to 31.12.2017).
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 2018 (from 1.1.2018 to 31.12.2018) was unanimously elected by a vote of 13.052.651, ie 76,2% of the share capital.
4. Approved, by a vote of 12.908.651, ie 75,4% of the share capital, the distribution of remuneration to the Members of the Board of Directors for the fiscal year 2017 (from 1.1.2017 - 31.12.2017).
5. Pre-approved by a vote of 12.908.651, ie 75,4% of the share capital, and decided to pay, for the next fiscal use, wages and other remuneration to the Members of the Board of Directors, related to the Company, under employment, as well as remuneration to the non - executive members of the Board of Directors and the members of the Audit Committee for the next fiscal year from 1.1.2018 to 31.12.2018.
6. Approved unanimously, by a vote of 13.052.651, ie 76,2% of the share capital, the increase of the share capital of the Company by 1.027.216,80 euros, by increasing the face 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 the share capital of the Company by the same amount (1.027.216,80 euros) by decreasing the face value of each share by 0,06 euros, in order to return the capital with cash to the 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 a vote of 13.052.651, ie 76,2% 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 under number 6.
8. Both Board of Directors members and Company’s Directors were unanimously authorized by a vote of 13.052.651, ie 76,2% of the share capital, to participate in the Board of Directors or in the management of other affiliated companies as those companies are defined in article 32 of Law 4308/2014 and, therefore, to conduct on behalf of the affiliated companies of acts falling within the Company’s purposes.
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 2017 (from 1.1.2017 - 31.12.2017), in accordance to the above-mentioned, first item of the Agenda.

Sourpi, the 14th of June 2018
The Board of Directors

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