Decisions of the Annual General Meeting on 22.06.2012

Loulis Food Ingredients_Decisions of the Annual General Meeting on 22.06.2012

LOULIS MILLS S.A. announces that the Annual General Meeting of the Company's shareholders was held on 22/06/2012 in Sourpi Magnesias Plant. The AGM was attended by shareholders who represented 11.538.308 shares and votes that is 75,8% of the share capital, and on the topics of the Agenda the shareholders:

Approved unanimously with 11.538.308 votes (75,8% of the share capital) the Individual and Consolidated Financial Statements of the Company according to IFRS for the fiscal year 01.01.2011 to 31.12.2011, with the relevant Annual Reports of the Board of Directors and the Statutory Auditor.

Approved unanimously with 11.538.308 votes (75,8% of the share capital), the issue regarding the non-distribution of dividends to shareholders.

Discharged unanimously with 11.538.308 votes (75,8% of the share capital),
the Members of the Board of Directors and the Auditors from any responsibility for compensation concerning the fiscal year from 1.1.2011 to 31.12.2011.


Appointed with 11.534.543 votes (75,77% of the share capital), INTERNATIONAL Certified & Registered Auditors A.E, with S.O.E.L. registration number 111, as auditors for the fiscal year 2012.The same company will determine its members who will designate as regular and substitute auditors for the audit of the parent and consolidated Annual Financial Statements -according to the I.F.R.S- for the fiscal year 2012 and will issue its annual tax certificate as provided by paragraph 5 of Article 82 of N.2238/1994.

Approved unanimously with 11.538.308 votes (75,8% of the share capital) the remuneration to the executives and non-executives members of the Board of Directors for 2011 .


Pre-approved unanimously with 11.538.308 votes (75,8% of the share capital), payment of funds for the next fiscal year to cover the expenses of attendance of members of the Board and unanimously decided to pay for the next fiscal year, wages and other remuneration to the members of the Board that have an employment relationship with the Company.

Elected with 11.534.543 votes (75,77% of the share capital) the new
Board of Directors, with four-year term, and appointed the independent
non-executive members of the Board of Directors pursuant Law 3016/2002 on
corporate governance, as applicable. The new Board of Directors consists of the
following members : 1) Nikolaos Loulis son of Konstatinos 2) Nikolaos Fotopoulos
son of Spyridon 3) Konstantinos Dimopoulos son of Nikolaos 4) Christoph
Heinrich Theodor Kempkes son of Helmut 5) of Barmpatsalos Spyros son of
Nikolaos, Independent Non-Executive 6) Tsitsigiannis Christos son of Georgiou,
Independent Non-Executive.

Appointed unanimously with 11.538.308 votes (75,8% of the share capital), the members of the Audit Committee of the Company -according to the Article 37 of Law 3693/2008- which are Mr. Spyridon Barmpatsalos son of Nikolaos, Mr. Christoph Heinrich Theodor Kempkes son of Helmut and Mr. Christos Tsitsigiannis son of Georgiou.

There weren't other issues and announcements.

All these decisions of the General Assembly are directly implementable. The Company will not distribute a dividend for the financial year 1.1.2011 - 31.12.2011, in accordance with what had been decided at the second issue on the agenda.

Sourpi June 22, 2012

The Board of Directors

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