Voting results of 2016 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 8th, 2016 at 12:30 hours at Athens Plaza hotel, Syntagma Square with shareholders being present representing a percentage of 73.34% 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 2015 Financial Statements (Parent Company – Consolidated) along with the relevant reports of the Board of Directors and of the Auditors.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 76,792,390 – against: 4,279,407 – abstain: 176,411
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 2015 Financial Statements.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 76,623,002 – against: 4,449,345 – abstain: 175,861
Item 3: Election of a new Board.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 64,319,279 – against: 16,928,379 – abstain: 550
Item 4: Appointment of the members of the Audit Committee.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 75,764,951 – against: 5,482,707 – abstain: 550
Item 5: Approval of a dividend for the fiscal year 2015
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 81,248,208 – against: 0 – abstain: 0
Item 6: Election of two Auditors, one ordinary and one substitute, for the fiscal year 2016 and approval of their fees.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 76,323,714 – against: 4,923,944 – abstain: 550
Item 7: Approval of the fees of the Board of Directors for the fiscal year 2015and pre-approval of their fees for the fiscal year 2016.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 76,968,251 – against: 4,241,198 – abstain: 38,759
Item 8: Distribution of part of the fiscal 2015 Net Income of the Company to the personnel and to members of the BoD and provision of the relevant authorizations.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 67,574,884 – against: 13,672,774 – abstain: 550
Item 9: Approval of formation of taxed reserves Euro 1,648,048.44 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: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 76,968,251 – against: 4,279,407 – abstain: 550
Item 10: Approval of the extension of the Company’s duration with subsequent amendment of article 4 of the Company Memorandum and Articles of Association.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 81,247,658 – against: 0 – abstain: 550
Item 11: Special permission of the General Assembly, pursuant to article 23a of CL 2190/1920, for the participation of MOTOR OIL (HELLAS) S.A. in a joint venture with the company VEGAS OIL AND GAS LIMITED.
Number of shares for which legitimate votes were submitted: 81,248,208
Percentage on Company share capital: 73.34%
Total number of legitimate votes: 81,248,208
Number of votes for: 65,831,157 – against: 14,263,699 – abstain: 1,153,352
Maroussi, June 13th, 2016.
The Board of Directors