Piraeus, 30/6/2016
Resolutions of the Annual General Meeting of Shareholders
Piraeus port Authority announces that on Thursday 30/6/2016, took place in the offices of Athens Exchange the Annual Regular General Meeting of shareholders of PPA S.A.
In the General Meeting were present shareholders representing 20.286.967 shares out of 25.000.000 shares, or percentage 81,15% of issued share capital. The regular General Meeting after discussion took the following decisions:
• Approved the Annual Financial Report for the year ended 31/12/2015. Number of common registered shares for which valid votes were cast: 20.286.875 (81,15% of the share capital).
Total valid votes: 20.286.875 For: 20.286.875 Against: 0 Abstention: 0 votes
• Discharged the Members of the Board of Directors and the Auditors from any responsibility for indemnification for decisions taken within the 16th corporate year (1/1/2015 to 31/12/2015).
Number of common registered shares for which valid votes were cast: 20.286.875 (81,15% of the share capital).
Total valid votes: 20.286.875 For: 20.286.875 Against: 0 Abstention: 0 votes
• Approved the distribution of the annual profits and a dividend of €0,1114 per share for the corporate use of 2015, which is subject to 10% withholding tax and therefore the net final amount payable will be 0,10026 Euro per share. Dividend beneficiaries "Record date" was set for Tuesday July 19, 2016. Ex-dividend date is on Monday, 18 July 2016. The dividend shall be paid on Monday, 25 July 2016 by EUROBANK Ergasias Bank S.A.
Number of common registered shares for which valid votes were cast: 20.286.875 (81,15% of the share capital).
Total valid votes: 20.286.875 For: 20.286.875 Against: 0 Abstention: 0 votes
• Elected the auditing firm PRICEWATERHOUSECOOPERS SA for the audit of the current year (1/1/ - 31/12/2016), and authorized / assigned the President and / or Vice President to negotiate and finalize their remuneration.
Number of common registered shares for which valid votes were cast: 20.286.875 (81,15% of the share capital).
Total valid votes: 20.286.875 For: 19.797.036 Against: 421.255 Abstention: 68.584 votes
• Approved the remunerations and compensations of the other Board of Directors members for the year 2015, according to the article 24 paragraph 2 of Law 2190/1920, as it is in force and pre-approved the relevant remunerations-compensations for the year 2016.
As for the President's and Deputy CEO remuneration for the period 1/1/2015 – 22/6/2015 was decided the approval by the amount resulting from the maximum statutory Secretary fee (ie € 4,750 per month x 12) after the deduction of pension and any other amount of contributing to this ceiling as provided by law no. 3833/2010, as amended by par. 1 of Article 27 of Law. 4024/2011, Government Gazette 226 / 27.10.2011). The non-approval of any excess amount paid and the recovery thereof by PPA.
The General Meeting approved the President's and Deputy CEO remuneration for the period 22/6/2015 - 31/12/2015 and pre-approved for each person the same amount with the year of 2015 (€ 57.000 per year, ie € 4,750 gross per month X 12).
Number of common registered shares for which valid votes were cast: 20.286.875 (81,15% of the share capital).
Total valid votes: 20.286.875 For: 19.797.036 Against: 482.617 Abstention: 7.222 votes
