PROPOSALS OF THE BOARD OF DIRECTORS FOR DECISIONS UPON ALL ISSUES OF THE AGENDA OF THE ORDINARY GENERAL ASSEMBLY OF 24th of JULY 2018
ISSUE 1st and 2nd : Submission and hearing of the Board of Directors and the Chartered Auditor’s reports concerning the Annual Financial Report of the period 01.01.2017 to 31.12.2017, for the company and the Group. Submission and approval of the Annual Financial Report of the period 01.01.2017 to 31.12.2017 for the company and the Group together with the report prepared by the Chartered Auditor.
The Board of Directors recommends the approval of the Annual Financial Report of the company and the Group for the period 1.1.2017 to 31.12.2017 and the Auditor’s report as submitted to the statutory form of publicity and posted on the website.
ISSUE 3rd: Discharge of the members of the Board of Directors and of the Chartered Auditor from any liability for compensation deriving from the Annual Financial Report and from the administration and management in general for the period 01.01.2017 to 31.12.2017.
It is proposed the discharge of the members of the Board of Directors and of the Chartered Auditor from any liability for compensation deriving from the Annual Financial Report and the administration and management in general of fiscal season 2017.
ISSUE 4th: Election of Chartered Auditors (ordinary/deputy) for the period 1 January till 31 December 2018 and arrangement of their fees.
The Board of Directors proposes as auditor for the year 1.1.2018 to 31.12.2018 the auditing firm “Associated Certified Public Accountants S.A” (SOEL Reg. Number 125). The audit fee for the year 2018 will be determined by decision of the Board of Directors in accordance with auditing data. It is also proposed the approval of the fee paid to the auditing firm “Associated Certified Public Accountants S.A” for auditing the financial statements for the year 2017, an amount equal to 19.008 € plus value added tax (VAT) for operating ordinary audit and an amount equal to 7.200 € plus value added tax (VAT) for operating tax audit.
ISSUE 5th: Approval of the profits distribution.
The company’s Board of Directors taking into account the company’s current economic situation and its estimated future situation, proposes to the General Assembly to not distribute the dividend from the profits of the year 2017, as provided in article 3 of Compulsory Law 14/1977 as was replaced and is into force with article 10 of Law 3460/2006 and the disposal of net profits of the company for the year 2017, to be transferred to the following accounts:
| Legal reserve | 8.500 € |
| Retained earnings | 159.466 € |
| Total | 167.966 € |
ISSUE 6th: Approval of the remuneration and expenses paid to the members of the Board of Directors and fixing of their relevant future remuneration and expenses.
The Board of Directors proposes the approval of the fee paid equal to 29.451,66 € for the year 2017 to the member of the Board, Mrs. Hariklia D. Theodorou for her services as Head of the Accounting Department. Furthermore, the Board of Directors recommends the payment of remuneration from January 1st, 2018 and onwards to Mrs. Hariklia Theodorou 2.103,69 € per month, for her services as Head of the Accounting Department. Further, it is proposed the approval of the paid expenses to the members of the Board of Directors for travel, movement and entertainment in general as well as the use of company cars by members of the Board of Directors during fiscal season 2017 and to authorize and approve the payment of costs of travel, movement, residence, various entertainment expenses, etc. for all members of the Board of Directors, if acting on the company’s affairs, as well as the use of company cars by members of the Board of Directors during the current year.
