On 18/11/2008, Tuesday and at 17:30 p.m., the Extraordinary General Shareholders’ Meeting of “GR. SARANTIS S.A.” took place at the company’s registered offices. During the General Meeting, shareholders representing 48.21% (18.035.434 out of 38.350.940 shares) of the company’s shares with voting right were present, and thus the company had the required by the law quorum and majority to make decisions on the daily agenda issue.
More specifically, the above Meeting approved the issuance of a (non-convertible) bond loan or loans amounting up to 147 million euros, aiming at re-financing the Company’s existing loans with Banks that amount to 57.5 million euros through the most favourable and cost efficient way and also granted the relevant authorizations towards the Company’s Board of Directors.