According to the provisions of section 4.1.3.3 of the Regulation of the Athens Exchange, MOTOR OIL (HELLAS) S.A. hereby announces that an Extraordinary General Meeting was convened on March 29th, 2012 at 10:00 hrs at its headquarters with shareholders being present representing a percentage of 58.377 % of the share capital of the Company.
The first matter on the daily agenda concerned the provision of special permission to MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. by the General Assembly, according to article 23a of the Codified Law 2190/1920, to acquire 26.71% of the issued shares of the Societé Anonyme under the legal name “CYCLON HELLAS S.A.” and was approved with a voting percentage of 90.474% of the number of shares being present at the Meeting.
A total of 7,122,222 common registered shares issued by “CYCLON HELLAS S.A.” will be acquired by the means of a block trade transaction at the price of Euro 0.50 per share.
The acquisition of 26.71% of the share capital of “CYCLON HELLAS S.A.” fits the strategy of MOTOR OIL Group towards further enhancement of its vertical integration.
The second matter on the daily agenda concerned the provision of authorization to the Board of Directors of MOTOR OIL (HELLAS) CORINTH REFINERIES S.A. to attend to the procedural matters for the completion of the stock exchange transaction for the purchase of the shares mentioned above and was approved with a voting percentage of 90.538% of the number of shares being present at the Meeting. Following the completion of the stock exchange transaction, the Board of Directors of MOTOR OIL (HELLAS) S.A. will submit to the Hellenic Capital Market Commission and to “CYCLON HELLAS S.A.” the relevant acknowledgement in respect of voting rights percentage change pursuant to article 9 of the Law 3556/2007.
Lastly, pursuant to article no. 10 of the Law 3884/2010 the voting results for the two items on the daily agenda are presented hereunder:
Item 1:
Number of shares for which legitimate votes were submitted: 64,671,394
Percentage on Company share capital: 58.377%
Total number of legitimate votes: 64,671,394
Number of votes for: 58,510,771 – against: 5,457,291 – present: 703,332
Item 2:
Number of shares for which legitimate votes were submitted: 64,671,394
Percentage on Company share capital: 58.377%
Total number of legitimate votes: 64,671,394
Number of votes for: 58,552,471 – against: 5,415,591 – present: 703,332
Maroussi, March 29th, 2012.
The Board of Directors
