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MOTOR OIL (HELLAS) S.A announces that, following the relevant decision of the Annual Ordinary General Shareholders´ Meeting of May 31st, 2005, it intends to acquire own shares up to 0.25% of the total issued and outstanding shares of the Company, that is 277,000 shares, with a minimum price € 7.00 per share, maximum price € 17.00 per share and validity from June 14th, 2005 to August 31st, 2005.
MAROUSSI, JUNE 7th, 2005
THE BOARD OF DIRECTORS
According to article 13 of the Decision 5/204/14.11.2000 of the Capital Markets Commission, the Company acknowledges that during the period from May 26th, 2005 till June 6th, 2005 (included), it sold through the Athens Stock Exchange the aggregate of 15,180 own shares it had in its possession. As a result, the procedure for the sale of the own shares of the Company is completed.
MAROUSSI, JUNE 7th, 2005
According to CMC decision 5/204/14.11.2000, the Company announces that the Annual Ordinary General Meeting was convened on May 31st, 2005 at 12.30 hours at Athens Plaza hotel, Syntagma Square and the shareholders present represented percentage 86.14% of the share capital.
The most important issues concerned the following:
1.The payment of a dividend remainder amount of € 0.65 per share for the fiscal year 2004. Shareholders on record on May 31st, 2005 are eligible to receive the dividend remainder. As of June 1st, 2005 the shares of the Company are traded on the ASE ex-dividend remainder. Friday June 17th, 2005 was defined as the first payment date. This issue was approved unanimously.
2.The election of the new Board of Directors of the Company as follows:
Vardis J. Vardinoyannis, Abdulhakim A.Al-Gouhi, Panagiotis N. Kontaxis, George P.Alexandridis, John N. Kosmadakis, Petros T. Tzannetakis, Majid Y. Al–Mugla, Jamal A. Al–Rammah, Ali A. Al Muhareb, Abdullah Mohammed Al Warthan, Konstantinos V. Maraveas, Ali A.S.Al-Ghamdi. The latter two BoD members are non – executive independent.The organization of the BoD as a Body Corporate will take place shortly. The election of the new BoD was approved with a voting percentage of 99.89%
3.The new share buy back program, according to article 16 par. 5 of the C.L 2190/1920, for up to 1,107,800 shares of the Company. The minimum purchase price per share was set at € 7 and the maximum price per share at € 17. The purchases will be effected within 12 months from the date of the AGM decision. This issue was approved with a voting percentage of 99.95%.
The approval of the year 2004 Financial Statements (Parent Company – Consolidated) received a unanimous vote.
The issues concerning the discharge of the Board of Directors and of the Auditors, the payment of fees to the members of the Board of Directors and the announcement of the registry of shareholders from whom the own shares of the Company were acquired were approved with a voting percentage of 99.95%.
The approval of the Directors´ and the Auditors´ Reports received a voting percentage of 99.82%.
Finally, the changes in the Composition of the BoD for the year 2004 and the election of Chartered Auditors for the fiscal year 2005 and approval of their fees received a voting percentage of 99.89%.
All above voting percentages have been calculated based on the number of shares represented in the Annual General Meeting.
MAROUSSI, MAY 31st, 2005
It is announced to the Company Shareholders that the first day of payment of the dividend remainder for the fiscal year 2004, amounting to € 0.65 per share, is Friday June 17th, 2005. Shareholders entitled to the remainder of dividend for fiscal year 2004 are the owners of the shares of the Company at the closing of the trading day of the Athens Stock Exchange of May 31st, 2005 according to the clearing of the Central Securities Depository S.A. The payment will be effected by the means of crossed bankers´ drafts made payable to the shareholders mailed to their address. For the collection of the dividend it is necessary that shareholders present to the Bank both the bankers´ drafts and their Identification Card. In case bankers´ drafts are lost or undelivered shareholders can contact the Headquarters of the Company (tel: 210 80 94 042, Shareholders´ Department). Dividends which will not be collected within 5 years are written off in favor of the Hellenic State.
MAROUSSI, JUNE 6th , 2005
THE BOARD OF DIRECTORS
According to article 4 of the Decision 5/204/14.11.2000 of the Hellenic Capital Markets Commission, it is hereby announced that the Board of Directors of the Company, which was elected by the Annual Ordinary General Assembly of Company Shareholders of 31.5.2005, during its meeting dated June 2nd, 2005 organised as a Body Corporate as follows:
Vardis J. Vardinoyannis – Chairman, Executive Member
Abdulhakim A. Al-Gouhi – Vice Chairman, Managing Director Executive Member
Panagiotis Ν. Kontaxis – Vice Chairman, non executive member
George P. Alexandridis – non executive member
John N. Kosmadakis – Executive Member
Petros Τ. Tzannetakis – Executive Member
Constantinos V. Maraveas – non executive /independent member
Majid Y. Al–Mugla – non executive member
Jamal A. Al–Rammah – non executive member
Ali A. Al Muhareb – non executive member
Abdullah Mohammed Al Warthan – Executive Member
Ali A. Saleh Al–Ghamdi – non executive / independent member
The term of the new Board of Directors expires on the next Annual Ordinary General Assembly of Company shareholders which will approve the Financial Statements for the year 2005.
MAROUSSI, JUNE 2, 2005
THE BOARD OF DIRECTORS
According to CMC decision 5/204/14.11.2000, the Company announces that the Annual Ordinary General Meeting was convened on May 31st, 2005 at 12.30 hours at Athens Plaza hotel, Syntagma Square and the shareholders present represented percentage 86.14% of the share capital.
The most important issues concerned the following:
1.The payment of a dividend amount of € 0.85 per share for the fiscal year 2004. Eligible to receive the amount of dividend are the shareholders on record on May 31st, 2005. As of June 1st, 2005 the shares of the Company are traded on the ASE ex-dividend. It is reminded that on 20.12.2004 the Company paid an amount of € 0.20 per share as interim dividend. The commencement of the payment will be within 20 calendar days following the AGM date. The first dividend payment date will be announced shortly following the decision of the Company´s BoD. This issue was approved with a unanimous decision.
2.The election of the new Board of Directors of the Company as follows:
Vardis J. Vardinoyannis, Abdulhakim A.Al-Gouhi, Panagiotis N. Kontaxis, George P.Alexandridis, John N. Kosmadakis, Petros T. Tzannetakis, Majid Y. Al–Mugla, Jamal A. Al–Rammah, Ali A. Al Muhareb, Abdullah Mohammed Al Warthan, Konstantinos V. Maraveas, Ali A.S.Al-Ghamdi. The latter two BoD members are non – executive independent.The organization of the BoD as a Body Corporate will take place shortly. The election of the new BoD was approved with a voting percentage of 99.89%.
3.The new share buy back program, according to article 16 par. 5 of the C.L 2190/1920, for up to 1,107,800 shares of the Company. The minimum purchase price per share was set at € 7 and the maximum price per share at € 17. The purchases will be effected within 12 months from the date of the AGM decision. This issue was approved with a voting percentage of 99.95%.
The approval of the year 2004 Financial Statements (Parent Company – Consolidated) received a unanimous vote.
The issues concerning the discharge of the Board of Directors and of the Auditors, the payment of fees to the members of the Board of Directors and the announcement of the registry of shareholders from whom the own shares of the Company were acquired were approved with a voting percentage of 99.95%.
The approval of the Directors´ and the Auditors´ Reports received a voting percentage of 99.82%.
Finally, the changes in the Composition of the BoD for the year 2004 and the election of Chartered Auditors for the fiscal year 2005 and approval of their fees received a voting percentage of 99.89%.
All above voting percentages have been calculated based on the number of shares represented in the Annual General Meeting.
MAROUSSI, 31 MAY 2005
MOTOR OIL (HELLAS) CORINTH REFINERIES S.A announces that the Annual Ordinary General Shareholders Meeting of May 31st, 2005 approved the acquisition of own shares according to article 16 par. 5 of the C.L 2190/1920. The maximum number of own shares which is possible to be acquired equals 1,107,800 representing 1% of the total issued and outstanding shares of the Company. The minimum and the maximum purchase price per share was set at € 7 and € 17 respectively. The purchases will be effected within 12 months from the date of the decision of the above mentioned Annual Ordinary General Meeting of Company Shareholders.
MAROUSSI, 31 MAY 2005
MOTOR OIL (HELLAS) S.A announces that the Annual Ordinary General Meeting of the Company shareholders of May 31st, 2005 approved the distribution of an aggregate dividend amount of € 0.85 per share for the fiscal year 2004. It is reminded that on 20.12.2004 the Company paid an interim dividend of € 0.20 per share as advance payment for the year 2004 dividend. As a result the remainder amount of dividend payable for the year 2004 equals € 0.65 per share. Shareholders entitled to the remainder amount of dividend are the owners of the shares of the Company at the closing of the trading day of the Athens Stock Exchange of May 31st, 2005 according to the clearing of the Central Securities Depository S.A. As of June 1st, 2005 the shares are traded ex-dividend remainder for the year 2004. The commencement of the payment will be within 20 calendar days following the AGM date. The exact payment commencement date will be declared with another announcement.
MAROUSSI, 31 MAY 2005