“KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.”
Decisions of the Shareholders’ Ordinary General Assembly on 30.06.2010
(paragraph 4.1.3.3 of the Athens Exchange Rulebook)
The Ordinary General Assembly of the Company’s Shareholders held on 30 June 2010 decided upon all issues of the agenda by quorum of 73.58% (i.e. 11,177,519 shares out of a total of 15.190.320) and by 100% majority (i.e. 11,177,519 shares out of an equal number of attending shares). Decisions are as follows:
1)+2) The Annual Financial Report for the period 01.01.2009 to 31.12.2009 dated 29.3.2010 as well as the relative report by the Auditor dated 30.3.2010 were approved.
3) The members of the Board of Directors and the Auditor were released from any liability of compensation arising from the Annual Financial Report as well as the administration and management in general of the period 01.01 – 31.12.2009.
4) The auditing firm “SOL S.A.” (Reg. N. SOEL 125) was elected as Auditors for the period 01.01 – 31.12.2010. Regular Auditor is Mr. Meletios Siastathis (Reg. N. SOEL 12181) and substitute Mr. Charalambos Stathakis (Reg. N. SOEL 12251).
5) The distribution of profits of the period 2009 and the non – distribution of dividend to the shareholders were approved.
6) The remuneration and expenses paid to members of the Board of Directors and to Auditors were approved and their relevant future remuneration and expenses were fixed.
7) The amendment of the article 5 of the Company’s Articles of Association was approved and the increase of the nominal value of each share from thirty cents (0,30 €) to sixty cents (0,60 €) was decided simultaneously with the reduction of the number of the company’s outstanding shares from 15.190.320 to 7.595.160 shares (reverse split) at a ratio that one (1) new share replaces two (2) old shares.
Following this, the Company’s share capital amounts to four million five hundred fifty seven thousand and ninety six euro (4.557.096 €) divided by seven million five hundred ninety five thousand and one hundred sixty euro (7.595.160 €) registered shares, with nominal value of sixty cents (0,60 €) per each.
Alimos, 30 June 2010
