Corporate News
ANNOUNCEMENT OF ELECTION OF AUDIT COMMITTEE-CONSTITUTION INTO A BODY
08/08/2023 by in Corporate News

KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.

   Announcement of the election of an Audit Committee- Constitution into a body

Alimos, August 7th, 2023

The Company “KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.” discloses to the investing public that the dated 07.08.2023 Annual Ordinary General Meeting of the Company’s shareholders unanimously decided, in accordance with the provisions of the ar. 44 of Law 4449/2017, as applicable, the election of a new Audit Committee, which:

(a) will constitute an Independent Joint Committee,

(b) will consist of three (3) members in total and in particular two (2) Independent – Non-Executive Members of the Board of Directors and one (1) third person – Non-Member of the Board of Directors, Independent of the Company, i.e. all persons meet the criteria of independence of article 9 par. 1 and 2 of the Law 4706/2020, as applicable, and

(c) its term of office will coincide with the term of office of the Board of Directors, i.e. it will be a four-year term ending on 7th August 2027, which can be extended until the expiry of the period within which the next Ordinary General Meeting must be held and until a relevant decision is taken.

Subsequently, the Annual Ordinary General Meeting of shareholders on 7th August 2023, by this unanimous resolution, which was adopted following the dated 07.07.2023 recommendation of the Board of Directors which was based on the dated 06.07.2023 recommendation of the Remuneration and Nominations Committee, having previously examined, ascertained and reconfirmed that each of the above mentioned members of the Audit Committee meets the requirements of the provisions of Law 4449/2017 and Law 4706/2020, appointed as members of the new Audit Committee of the Company:

  1. Eleni – Penthesileia Tselentis of Michael, Independent Non-Executive Director and
  2.  Iliana Tsioli of Vasileios, third person – Non-Member of the Board of Directors, Independent of the Company, within the meaning of the provisions of ar. 9 par. 1 and 2 of Law 4706/2020,
  3. Dimitrios Geravelis of Georgios, Independent Non-Executive Director.

It is noted that:

(i)All members of the Committee have sufficient knowledge in the company’s field of activity, i.e. shipping and tourism.

(ii)Two members of the Committee, have sufficient knowledge in auditing and accounting.

(iii) All members of the Committee are independent of the Company within the meaning of the provisions of Law 4706/2020.

(iv) The Board of Directors at its meeting held on 07.08.2023 for the constitution of the Board of Directors into a body appointed the above Board members Eleni – Penthesilea Tselentis of Michael and Dimitrios Geravelis of George as non-executive directors.

The members of the Audit Committee of the Company at its the meeting of 7th August 2023, unanimously elected Ms. Eleni – Penthesileia Tselentis of Michael as the President of the Committee, after having established that the said person (a) is independent of the controlled entity within the meaning of ar. 9 par. 1 and 2 of Law 4706/2020, as applicable, and (b) is the most suitable for the position of President on the basis of professional training, knowledge and experience.

Following this, the Audit Committee was constituted into a body as follows:

  1. Eleni – Penthesileia Tselentis of Michael, Independent Non-Executive Director, President of the Audit Committee
  2. Iliana Tsioli of Vasileios, third person – Non-Member of the Board of Directors, Member of the Audit Committee and,
  3. Dimitrios Geravelis of Georgios, Independent Non-Executive Director, Member of the Audit Committee.

 

For the Company “KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.”

INVESTOR RELATIONS DEPARTMENT

 

IR

logo