PIRAEUS PORT AUTHORITY S.A.
DECISIONS
OF THE ANNUAL GENERAL ASSEMBLY OF SHAREHOLDERS
OF 28th JUNE 2019
Piraeus Port Authority announces that on Friday 28/6/2019, 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 21.621.921 shares out of 25.000.000 shares, or percentage 86.48% of issued share capital. The regular General Meeting after discussion took the following decisions:
ITEM 1: Approval of the election of Mr YU Zeng Gang, as Chairman of the BoD and executive member of the BoD, for the remaining term of the Board.
After voting, the General Assembly approved the election of Mr YU Zeng Gang, as Chairman of the BoD and executive member of the BoD, pursuant to the BoD Decision 11/2019, for the remaining term of the Board, by 21,156,033 votes, i.e. by a majority of 97,85% of the paid up share capital.
Shareholders representing 107,444 votes voted against
Shareholders representing 343,810 votes abstained from the vote.
Total valid votes: 21,607,287
ITEM 2: Approval of the Financial Statements of the fiscal year 2018, along with the Board of Director’s Annual Report and the Independent Auditors’ Report.
After voting, the General Assembly approved the Annual Financial Statements for the fiscal year 2018, the Annual Report of the Board of Directors and the Independent Auditor’s Report for the fiscal year 2018 by 21,263,477 votes, i.e. by a majority of 98,3% of the votes represented in the General Assembly.
Shareholders representing 343,810 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
ITEM 3: Approval of the overall management of the Company according to article 108 of Law 4548/2018, as in force, and discharge of the Statutory Auditors of the Company from any liability for compensation for the fiscal year 2018.
After voting, the General Assembly approved the overall management of the Company for the fiscal year 2018 and discharges the Statutory Auditors of the Company from any liability for compensation for the fiscal year 2018, by, 21,178,292 votes, i.e. by a majority of 97,95% of the votes represented in the General Assembly.
Shareholders representing 428,955 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
ITEM 4: Distribution of dividend of the fiscal year 2018.
After voting, the General Assembly approved by 21,607,287 votes, i.e. by a majority of 99,93% of the votes represented in the General Assembly:
- the distribution of dividend of the fiscal year 2018, amounting to € 10,600,000.00, i.e. € 0.424 per share,
- the setting of Thursday, 22/07/2019, as ex-dividend date
- the setting of Friday, 23/07/2019, as dividend beneficiaries date (Record day)
- the setting of Thursday, 26/07/2019, as commencement date of dividend payment by Eurobank Ergasias S.A.
Shareholders representing 0 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
ITEM 5: Election of Independent Auditors, for the statutory audit of the financial statements of the Company for the fiscal year 2019.
After voting, the General Assembly approved the re-election of the audit firm “PricewaterhouseCoopers S.A” (with register number 113 of the Institute of Certified Public Accountants of Greece (SOEL), for the statutory audit of the Company’s Financial Statements for the fiscal year 2019, by 21,606,468 votes, i.e. by a majority of 99,93% of the votes represented in the General Assembly
Shareholders representing 819 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
ITEM 6: Approval of the remuneration and fees paid to the BoD members for the fiscal year 2018, and pre-approval of payment of their respective remuneration and fees for the fiscal year 2019 according to article 109, paragraph 1 of Law 4548/2018.
After voting, the General Assembly:
a) Approved, by 21,038,587 votes, i.e. by a majority of 97,3% of the votes represented in the General Assembly, in accordance with article 109, par 1 of Law 4548/2018, the remuneration and fees paid during the fiscal year 2018 to the BoD members, of total gross amount € 649,392.61, as stated in the Annual Financial Statements of the fiscal year 2018 and concern in detail:
- BoD members total compensation:
- Payment of social security charges corresponding to the above compensations:
- Total salary payments (based on employment contracts approved by the 2017 Ordinary General Assembly between the company and the members of the BoD Members FU Chengqiu and Liagkos Athanasios);
- Ancillary benefits to BoD members.
Shareholders representing 568,700 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
b) Pre-approved, by 21,038,587 votes, i.e. by a majority of 97,3% of the votes represented in the General Assembly, in accordance with article 109, par 1 of Law 4548/2018:
- An annual gross compensation of € 40,000.00 for each BoD member for the fiscal year 2019, equal to the annual gross compensation of fiscal year;
- Payment of social security charges corresponding to BoD members compensations for the year 2019;
- Total salary remuneration (based on employment contracts between the company and the BoD members FU Chengqiu and Liagkos Athanasios), equal to the total salary remuneration of fiscal year 2018;
- Ancillary benefits for BoD members at the same level as 2018.
Shareholders representing 568,700 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
ITEM 7: Approval of the Company’s Remuneration Policy according to article 110 par. 2 of Law 4548/2018.
After voting, the General Assembly approved in accordance with article 110, par. 2 of Law 4548/2018, the Company’s Remuneration Policy for the members of the BoD, by 20,605,196 votes, i.e. by a majority of 95,3% of the votes represented in the General Assembly.
Shareholders representing 1,002,091 votes voted against
Shareholders representing 0 votes abstained from the vote.
Total valid votes: 21,607,287
