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 19 May 2022, the following resolutions were approved:
(a) The Management Report and the Financial Statements of the Company for the year 2021, a copy of which is on the Company’s webpage, were approved:
(b) The payment of a dividend, out of the profits of 2020 included in the Retained Earnings, amounting to €9.351.673,11 corresponding to €0,13 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 1 June 2022 (record date). The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 31 May 2022.
Investors that will purchase shares at the CSE by close of business on 30 May 2022 (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 28 June 2022.
(c) The Directors Messrs George Galatariotis, Charalambos Panayiotou and Hakan Gürdal, who retired by rotation, were re-elected.
At the Annual General Meeting, the Member of the Board of Directors Mr. Antonios Katsifos retired from his position and the Shareholders’ General Meeting elected as Director Mr. Mihail Polendakov (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. Antonios Katsifos.
The Curriculum Vitae of the new Member of the Board of Directors Mr. Mihail Polendakov is presented here below:
Mr. Mihail Polendakov
Mr. Mihail Polendakov was born in Sofia, Bulgaria in 1964. He graduated from the University of World Economy with major in International Economic Relations in 1990 and was enrolled within the Senior Management Development Program of INSEAD in 2002. He took the SUMMIT course of Duke University.
Mr. Mihail Polendakov started his career at HeidelbergCement Group AG as a Commercial Director of Zlatna Panega Cement AD in 1997 and in 2001 became Country Manager for Zlatna Panega Cement AD, Member of the Board and Chairman of the Supervisory Board of Granatoid AD, Chairman of the Supervisory Board of “Karieri za pyasatzi I tchakuli” AD and Executive Director of “Ceskomoravski Cement–Sofia Branch”. In 2004 Mr. Polendakov was appointed as Director Business Development and M&A of Central Europe East, Russia and CIS in HeidelbergCement Group AG, Germany. In 2009 Mr. Polendakov became CEO of Black Sea Property Fund Bulgaria EAD / (BKSA) listed on AIM.
In 2011 Mr. Mihail Polendakov took a role as General Director of HeidelbergCement Russia and had worked there for 11 years until May 2022. In May 2022 he became General Manager of HeidelbergCement for Bulgaria, Greece and Albania.
(d) The Remunerations Report was approved.
(e) It was resolved that the Directors’ remuneration for the year 2022 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 representation allowance per presence in a meeting held for the meetings of the Board of Directors and its Committees.
(f) KPMG Limited were re-appointed as the Company’s auditors and the Board of Directors was authorised to determine their remuneration for 2022 at a later stage.
Download NOTIFICATIONS OF APPOINTMENT - ARTICLE 135(2).pdf
20 May 2022