Κ4-01-006

Decisions of the Ordinary General Meeting

 

Company PAPERPACK SA notifies the following:

On May 27, 2020, Wednesday at 11:00 a.m. The Annual Ordinary General Meeting of Shareholders took place at the Company's headquarters in Kifissia, Attica, at 24 Viltanioti Street. The meeting was attended in person or by representative six shareholders, representing 79.47% of the total shares of the Company, ie 3,141,406 common registered shares with an equal number of voting rights over the total of 3,953,090 common registered common names. the total capital of the company is divided.

After the required quorum and the statutory quorum and the majority were convened, the General Assembly voted in favor of all the items on the agenda as follows:

SUBJECT 1st: The General Assembly unanimously decided to approve the Annual Financial Statements of the Company for the fiscal year 2019, as well as the relevant reports of the Board of Directors and the Certified Public Accountant.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 2nd: The General Assembly unanimously decided to approve the proposal of the Board of Directors in accordance with its Annual Report dated 26.02.2020, on the distribution of a dividend from the profits of 0.5000 euros per share. The net dividend per share, deducted from the 5% dividend tax that each shareholder will receive, amounts to 0.4750 euros per share. The payment of the dividend will be made through a Bank on 11/06/2020 and the beneficiaries of the dividend will be the shareholders who will own shares on 05/06/2020 (record date), while the date of cut of the dividend is set on 04/06/2020 . Then the General Assembly, in accordance with the law, the approved salary policy of the company and article 40 par. 2 case d item a of the Articles of Association of the company, unanimously approved the proposal of its President, regarding the distribution of remuneration from profits. of the fiscal year 2019 totaling up to € 143,000.00, to executives and staff of the Company, due to the achievement of both the individual goals and the objectives of the Company. Furthermore, it authorized the Board of Directors to determine the time of credit or payment to the beneficiaries.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 3rd: The General Assembly, with an open vote, unanimously approved the overall management that took place during the year 2019, according to article 108 of law 4548/2018 and article 35 of the Company's articles of association. It is noted that the members of the Board they voted only with the voting rights on shares of which they are owners as well as as representatives of other shareholders, from whom they had received relevant authorization with explicit and specific voting instructions.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 4th: The General Assembly the General Assembly unanimously decided to release the Auditors from any liability for compensation for the activities of the fiscal year 2019 (1/1 / 2019-31 / 12/2019).

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 5th: The General Assembly unanimously decided, the granting of a license according to par. 1 of article 98 of Law 4548/2018, to the members of the Board. and the directors of the company to participate in case of need, in Boards of Directors and in the management of companies of the Group (affiliated companies of the Company), who pursue these or similar purposes with the Company.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 6th: The General Assembly unanimously accepted the Remuneration Report regarding the remuneration paid to members of the Board of Directors and to Executive Officers during the fiscal year 2019.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 7th: The General Assembly unanimously decided to approve the fees paid to the members of the Board of Directors during the fiscal year 2019.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 8th: The General Assembly, upon the recommendation of the Audit Committee, unanimously decided to elect the auditing company “MAZARS SA.” with I.D. ELTE 17, for the regular audit of the annual and intermediate Financial Statements of the Company for the year 2020 (01/01/2020 - 31/12/2020) and the Review of the semi-annual Financial Statements of the year 2020 and more specifically as Regular Auditor Mr. Konstantinos Makris, son of Georgios, graduate of the Athens University of Economics and Business (formerly A.U.E.B.) with I.D. ELTE 1483, with ID ΑΕ 006910 / 17-01-2007 published by P.D. Nikeas, resident of Palea Fokaia on 116, 28A street and as an alternate Auditor Mr. George Tsoukalas of Nikolaos, graduate of Panteion University with I.D. ELTE 1845, with ID number X 109746 / 09-01-2002 issued by P.D. Keratsiniou, a resident of Keratsini, Attica, at 22 Trapezountos Street, setting their fee, which was approved by the Company's Audit Committee.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 9th: The General Assembly, after a relevant suggestion of the President, decided to cancel the issue and discuss it in the next General Assembly.

Analytically:

Valid votes: 3,141,406 (ie 79.47% of the share capital and 100% of the present shareholders)

Pros: 3,141,406 (100%), Against: 0, Abstention: 0.

SUBJECT 10th: No announcements were made.

 

Kifissia May 27, 2020

The Board of Directors

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