Pursuant to the section 4.1.3.3 of the Regulation of the Athens Exchanges, MOTOR OIL (HELLAS) S.A. hereby announces that the Annual Ordinary General Meeting was convened on May 27th, 2010 at 12:30 hours at Athens Plaza hotel, Syntagma Square and shareholders attended representing a percentage of 64.60% of the share capital.
The following items on the daily agenda were approved:
Item 1: The yearly 2009 Financial Statements (Parent Company – Consolidated) along with the relevant reports of the Board of Directors and of the Auditors were approved.
Item 2: The members of the Board of Directors and the Auditors were discharged from any liability in connection with the yearly 2009 Financial Statements.
Item 3: A new Board was elected as follows: Vardis J. Vardinoyannis, John V. Vardinoyannis, Panagiotis N. Kontaxis, John N. Kosmadakis, Petros T. Tzannetakis, Demosthenes N. Vardinoyannis, Nikos Th. Vardinoyannis, George P. Alexandridis, Eleni–Maria L. Theodoroulakis (Ms), Despina N. Manolis (Ms), Konstantinos V. Maraveas, Antonios Th. Theoharis. The latter two BoD members are non – executive independent. The organization of the BoD as a Body Corporate will take place shortly.
Item 4: The Audit Committee was appointed as follows: Mr. Panagiotis N. Kontaxis (Chairman), Mr. George P. Alexandridis (Member), Mr. Antonios Th. Theoharis (Member). Substitute Member: Mr. Konstantinos V. Maraveas.
Item 5: A dividend amount of Euro 0.70 per share for the year 2009 was approved. Given that an amount of Euro 0.20 per share was paid as interim dividend on December 15th, 2009, the dividend remainder for the year 2009 equals Euro 0.50 per share. This amount is subject to a 10% tax (that is Euro 0.05 per share) imposed on dividends pursuant to article 18 of the Law 3697/2008. Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T.) dated Wednesday June 2rd, 2010 (record date) for MOTOR OIL (HELLAS) S.A. are entitled to the remaining amount of dividend. As of Monday May 31st , 2010 the shares of the Company will trade on the Athens Exchange ex-dividend remainder. Tuesday June 8th, 2010 was defined as the payment date through the Dematerialized Securities System (S.A.T) Operators (banks, brokerage – securities firms).
Item 6: Two Auditors, one ordinary and one substitute, were elected for the year 2010 and their fees were approved.
Item 7: The fees of the Board of Directors for the accounting year 2009 were approved and the respective fees for the accounting year 2010 were pre-approved.
The item “Company share capital increase through capitalization of Retained Earnings, Tax Free Reserves and Share Premium Reserve, with subsequent increase of the nominal value of Company shares and respective amendment of the Company Articles of Association” was not discussed due to lack of the quorum required.
This item will be discussed in the Repeat Shareholders’ Meeting to be held on Thursday June 10th, 2010 at 10:00 hours at Athens Plaza hotel (A2 Vassileos Georgiou Street, Syntagma Square). The corresponding deadline for the deposit of the share blocking certificates and the legal documentation at the Headquarters of the Company on behalf of the Shareholders is Friday June 4th, 2010.
MAROUSSI, MAY 28th, 2010
