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2018

2018

08/06/2018

Voting results of 2018 Annual Ordinary General Assembly

Pursuant to the provisions of section 4.1.3.3 of the Regulation of the Athens Exchange, MOTOR OIL (HELLAS) S.A. hereby announces that the Annual Ordinary General Meeting took place on June 6th, 2018 at 12:30 hours at Athens Plaza hotel, Syntagma Square with shareholders being present representing a percentage of 77.35% of the share capital.

 

All items on the daily agenda were approved and the voting results for each item, pursuant to article 10 of the Law 3884/2010, are presented hereunder:

 

Item 1: Approval of the yearly 2017 Financial Statements (Parent Company – Consolidated) including the non-financial information along with the relevant reports of the Board of Directors and of the Auditors.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 81,033,877 – against: 4,383,010 – abstain: 275,213

 

Item 2: Discharge of the members of the Board of Directors and of the Auditors from any liability for damages with regard to the yearly 2017 Financial Statements.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 80,825,133 – against: 4,580,709 – abstain: 286,258

 

Item 3: Election of a new Board.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 62,146,849 – against: 23,529,853 – abstain: 15,398

 

Item 4: Appointment of the members of the Audit Committee.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 75,298,481 – against: 10,378,121 – abstain: 15,498

 

Item 5: Approval of a dividend for the fiscal year 2017

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 85,676,702 – against: 0 – abstain: 15,398

 

Item 6: Election of two Auditors, one ordinary and one substitute, for the fiscal year 2018 and approval of their fees.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 77,956,909 – against: 7,656,408 – abstain: 78,783

 

Item 7: Approval of the fees of the Board of Directors for the fiscal year 2017 and pre-approval of their fees for the fiscal year 2018.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 79,971,787 – against: 4,353,638 – abstain: 1,366,675

 

Item 8: Distribution of part of the fiscal 2017 Net Income of the Company to the personnel and to members of the BoD and granting of the relevant authorizations.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 63,762,239 – against: 21,810,463 – abstain: 119,398

 

Item 9: Early termination of the share buyback program of Company shares.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 81,007,580 – against: 4,669,122 – abstain: 15,398

 

 

Item 10: Approval of a share buyback program of Company shares and granting of authorization to the Board relating to the procedural matters of the program.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 80,787,481 – against: 4,825,836– abstain: 78,783

Item 11: Approval of formation of taxed reserves Euro 1,648,048.45 corresponding to 50% of the Company’s own participation in the investment project “expansion of Lubricants Complex” included in the development Law 3908/2011 and subsidized with Euro 2,472,072.67 Euro.

Number of shares for which legitimate votes were submitted: 85,692,100

Percentage of Company’s share capital: 77.35%, Total number of legitimate votes: 85,692,100

Number of votes for: 81,322,964 – against: 4,353,638– abstain: 15,498

 

 

 

Maroussi, June 8th, 2018.

The Board of Directors

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