ANNUAL GENERAL MEETING RESOLUTIONS - DIVIDEND PAYMENT APPROVAL
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 30 July 2020, the following resolutions were approved:
1. The Management Report and the Financial Statements of the Company for the year 2019, a copy of which is on the Company’s webpage, were approved
(https://www.vassiliko.com/images/media/redirectfile/Financial%20Reports/2019/Annual%20Report%202019%20ENG%20FINAL.pdf).
2. The payment of a dividend amounting to €5.754.876 corresponding to €0,08 per ordinary share was approved, €0,06 out of the profits of 2018 included in the Retained Earning Reserve and €0,02 out of the profits of 2019.
The dividend will be paid to the entitled shareholders of the Company that will be registered at the CSE registry on the 12 August 2020 (record date). The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 11 August 2020.
Investors that will purchase shares at the CSE by close of business on 10 August 2020 (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 8 September 2020.
3. The Directors Messrs Stavros Galatariotis, Costas Koutsos, and Antonis Mikellides, who retired by rotation, were re-elected.
At the Annual General Meeting, the Member of the Board of Directors Mr. Christophe Allouchery retired from his position and the Shareholders’ General Meeting elected as Director Mr. Hakan Gürdal (Non – Executive Director), who was proposed by the Board of Directors for election, in order to fill the vacancy which occurred due to the retirement of Mr. Christophe Allouchery.
The Curriculum Vitae of the new Member of the Board of Directors Mr. Hakan Gürdal is presented here below:
Mr. Hakan Gürdal
Mr. Hakan Gürdal studied mechanical engineering at the Yildiz Technical University in Istanbul and holds an MBA in International Management from the University of Istanbul.
He joined Çanakkale Çimento (today part of Heidelberg Cement’s joint venture Akçansa in Turkey) in 1992, as investment engineer to build Istanbul port & terminal. Commissioning terminal, he became terminal manager, and then Vice General Manager in charge of cement & concrete business lines. He held various management positions at Akçansa, such as Strategy & Business Development Manager (1996–1997), Vice General Manager Cement Domestic Sales & Exports (1997–2000) and Vice General Manager Ready-mixed Concrete, Aggregates and Purchasing (2000–2008), before he became General Manager Akçansa (2008–2014). From 2014 to the end of January 2016 he was President of the Cement Strategic Business Unit of Sabanci Holding, in charge of Cimsa & Akcansa.
Mr. Hakan Gürdal has been appointed as member of the Managing Board (Vorstand) of Heidelberg Cement on 1 February 2016. Since 1 April 2016, he is in charge of the Africa & Eastern Mediterranean Basin Group area. Additionally, from 1 January 2017 until 30 April 2019, he was the Board Level in charge for Group Purchasing function within Heidelberg Cement. He is chairing Global Alternative Fuel Working Group.
As of 5 April 2019, he is additionally in charge at Board Level for HC Trading, and acting as Interim Ceo for HC Trading.
4. The Remunerations Report was approved.
5. It was resolved that the Directors’ remuneration for the year 2020 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.
6. KPMG Limited were re-appointed as the Company’s auditors and the Board of Directors was authorised to determine their remuneration for 2020 at a later stage.
Address by the Executive Chairman
31 July 2020