RESOLUTIONS OF THE ANNUAL GENERAL MEETING - DIVIDEND PAYMENT
General Meeting
VASSILICO CEMENT WORKS PUBLIC COMPANY LTD
VCW - VASSILICO CEMENT WORKS PUBLIC COMPANY LTD
We hereby would like to inform you that at the Annual General Meeting of the shareholders of Vassiliko Cement Works Public Company Ltd held on 31 May 2018, the following resolutions were approved:
(a) The Management Report and the Financial Statements of the Company for the year 2017, a copy of which is on the Company’s webpage, were approved (https://www.vassiliko.com/en/investor-relations/financial-data/financial-statements-2017/annual-report-and-financial-statements-2017).
(b) The payment of a dividend for the year 2017 amounting to €11.509.752 corresponding to €0,16 per ordinary share was approved.
The dividend will be paid to the entitled shareholders of the Company that will be registered at the CSE registry on the 13 June 2018 (record date). The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 12 June 2018.
Investors that will purchase shares at the CSE by close of business on 11 June 2018 (Last Cum Date) will be entitled to the dividend. It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date. Payment of the dividend will be made (effected) by the 10 July 2018.
(c) The Directors Messrs Costas Galatariotis, Maurizio Mansi Montenegro, and Antonios Katsifos, who retired by rotation, were re-elected.
(d) The Remunerations Report was approved.
(e) It was resolved that the Directors’ remuneration for the year 2018 remain the same as for the previous year i.e. €25.000 for the Chairman, and €20.000 for each of the members of the Board of Directors and a €300 attendance fee for the meetings of the Board of Directors and its Committees.
(f) At the suggestion of the Board of Directors and the Audit Committee, KPMG Limited were re-appointed as the Company’s auditors and their remuneration for the year 2018 was determined at €53.000.