HB: AGM decisions – Final dividend of 4 cents – EGM approved issue of new shares
31/5/2007 11:04
The 33rd Annual General Meeting of Hellenic Bank Public Company Ltd held on May 30, 2007 decided the following:
- Approved the Directors’ Report, the Auditors’ Report, the balance sheet and the profit and loss account for the year ended December 31, 2006.
- Approved the final dividend for 2006 (4 cents per share), which will be paid to the shareholders on Monday, July 9, 2007. The cum-dividend date will be on June 8, 2007, while the ex-dividend will be on June 11, 2007.
As a result, transactions carried out until Friday, June 8, 2007 (inclusive) will be ex-dividend.
- Reelected Messrs. Andreas Panayiotou, Demetris Eliades, Charalambos Panayiotou and Makis Keravnos as Board members.
- Approved the remuneration of the Board members.
- Reappointed KPMG as auditors and authorized the Board of Directors to set their remuneration.
The Extraordinary General Meeting held on May 30, 2007 (after the AGM) approved the following special resolution:
SPECIAL RESOLUTION
The Board of Directors of Hellenic Bank Public Company Limited is authorized to issue and dispose up to 20,000,000 new shares of nominal value £0.25 per share during the period of 12 months from May 30, 2007. The issue price of the shares will be based on the market value of the share with a maximum discount of 10% and the shares may be issued and allocated to any financial organizations or persons within the framework of this resolution and the explanatory note sent to the shareholders together with the notification for the EGM on May 30, 2007. The shares will be issued at the sole discretion of the Board of Directors for the strengthening of Hellenic Bank Public Company Ltd via acquisitions, strategic alliances and other actions towards the achievement of the strategic targets of the Group, set by the Company’s Articles of Association.
The Board of Directors also held a meeting in order to become a body. Dr. Andreas Panayiotou was reelected as Chairman, while Mr. Andreas Mousiouttas was reelected as Vice Chairman.
- Approved the Directors’ Report, the Auditors’ Report, the balance sheet and the profit and loss account for the year ended December 31, 2006.
- Approved the final dividend for 2006 (4 cents per share), which will be paid to the shareholders on Monday, July 9, 2007. The cum-dividend date will be on June 8, 2007, while the ex-dividend will be on June 11, 2007.
As a result, transactions carried out until Friday, June 8, 2007 (inclusive) will be ex-dividend.
- Reelected Messrs. Andreas Panayiotou, Demetris Eliades, Charalambos Panayiotou and Makis Keravnos as Board members.
- Approved the remuneration of the Board members.
- Reappointed KPMG as auditors and authorized the Board of Directors to set their remuneration.
The Extraordinary General Meeting held on May 30, 2007 (after the AGM) approved the following special resolution:
SPECIAL RESOLUTION
The Board of Directors of Hellenic Bank Public Company Limited is authorized to issue and dispose up to 20,000,000 new shares of nominal value £0.25 per share during the period of 12 months from May 30, 2007. The issue price of the shares will be based on the market value of the share with a maximum discount of 10% and the shares may be issued and allocated to any financial organizations or persons within the framework of this resolution and the explanatory note sent to the shareholders together with the notification for the EGM on May 30, 2007. The shares will be issued at the sole discretion of the Board of Directors for the strengthening of Hellenic Bank Public Company Ltd via acquisitions, strategic alliances and other actions towards the achievement of the strategic targets of the Group, set by the Company’s Articles of Association.
The Board of Directors also held a meeting in order to become a body. Dr. Andreas Panayiotou was reelected as Chairman, while Mr. Andreas Mousiouttas was reelected as Vice Chairman.
