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 was convened on June 5th, 2019 at 12:00 hours at Athens Plaza hotel, Syntagma Square with shareholders being present representing a percentage of 78.97% of the share capital.
All items on the daily agenda were approved.
Item 1: The yearly 2018 Financial Statements (stand alone and consolidated), along with the relevant reports of the Board of Directors and of the Auditors were approved.
Item 2: Τhe overall management of the Company for the fiscal year 2018 was approved and the Auditors were discharged from any liability for damages with regard to the yearly 2018 Financial Statements.
Item 3: A new Board was elected as follows: Mr. Vardis J. Vardinoyannis, Mr. Yannis V. Vardinoyannis, Mr. John N. Kosmadakis, Mr. Petros T. Tzannetakis, Mr. Demosthenes N. Vardinoyannis, Mr. George P. Alexandridis, Mr. Michael – Matheos J. Stiakakis, Mr. Theofanis Chr. Voutsaras, , Mrs Niki D. Stoufi, Mr. Antonios Th. Theocharis, Mr. Anastasios – Elias Chr. Triandaphyllidis, Mr. Panayotis J. Constantaras. The last three BoD members are non – executive independent in accordance with the provisions of the Corporate Governance Law 3016/2002. The organization of the BoD as a Body Corporate will take place shortly.
Item 4: The Audit Committee was appointed as follows: Mr. Panayotis J. Constantaras – Chairman (Independent pursuant to the Law 3016/2002), Mr. George P. Alexandridis – Regular Member, Mr. Constantinos N. Thanopoulos – Regular Member (Independent pursuant to the Law 3016/2002). Substitute Member: Mrs Niki D. Stoufi.
Item 5: The distribution of company earnings for the fiscal year 2018 and the dividend amount of Euro 1.30 per share for the fiscal year 2018 was approved. Considering that an amount of Euro 0.35 per share was paid as interim dividend on December 17, 2018 the dividend remainder for the fiscal year 2018 equals Euro 0.95 per share. The General Assembly approved the ex-date, record date and payment commencement date as follows: Ex-dividend remainder date: Wednesday June 26, 2019 – Record date: Thursday June 27, 2019 (Company shareholders registered in the electronic files of the Dematerialized Securities System (S.A.T.) dated June 27, 2019 will be entitled to the dividend remainder) – Payment commencement date: Wednesday July 3, 2019. The payment of the year 2018 dividend remainder will be effected through a Payee Bank. The Company will provide details to the investment community in respect of the fiscal year 2018 dividend remainder payment with a subsequent announcement.
Item 6: Two Auditors, one ordinary and one substitute, were elected for the fiscal year 2019 and their fees were approved.
Item 7: The fees of the members of the Board of Directors for the fiscal year 2018 were approved and the respective fees for the fiscal year 2019 were pre-approved.
Item 8: The payment in advance of fees to Board of Directors members for the period until the next Ordinary General Meeting was approved.
Item 9: The distribution of part of the fiscal 2018 Net Income of the Company to the personnel and to members of the BoD was approved and the relevant authorizations were granted.
Item 10: The Directors’ Remuneration Policy was approved.
Item 11: The amendment of the Articles of Association of the company in the context of its harmonization with the Law 4548/2018 was approved.
Maroussi, June 5th, 2019.
The Board of Directors
