GR.SARANTIS S.A.
DECISIONS OF THE EXTRAORDINARY GENERAL SHAREHOLDERS MEETING
On 23/02/2007, Friday and at 16:00 p.m., the Extraordinary General Shareholders Meeting of "GR. SARANTIS S.A." took place at the companys registered offices. During the General Meeting, 11 shareholders representing 49.1% (18.722.553 out of 38.146.940 shares) of the companys shares with voting right were present, and thus the company had the required by the law quorum to make decisions on the daily agenda issue.
Specifically, the above Meeting:
- Approved the own share buy back through the A.S.E., according to Article 16, paragraph 5 of Law 2190/1920, of a 10% maximum of the total share capital, under the minimum buy back price of five (5) euro and the maximum buy back price of twelve (12) euro and for the period between Monday the 12th of March 2007 to Wednesday the 20th of February 2008. At the same time, the Board of Directors was given the approval to act accordingly for the completion of the buy back including the announcements of the transactions, the appropriate press releases and the appropriate notifications towards the ASE as well as the H.C.M.C.
Athens, 23 February 2007
The BoD