Extraordinary General Μeeting of May 26th,2011
Extraordinary General Μeeting of May 26th,2011
DUTY FREE SHOPS INDUSTRIAL, MANUFACTURING, TECHNICAL AND BUSINESS COMPANY SA. under trade name“FOLLI FOLLIE GROUP”, announces that, today, May 26th, 2011, the Extraordinary General Meeting of the shareholders of the company was convened, as originally announced, based on the respective invitation with primary subject of the agenda the approval of the Increase of Share Capital of the Company.
More specifically, today the General Assembly adopted the following resolutions:
1. Approved the increase of the Share Capital of the Company by Euro 1.908.000,00, in cash, through issuance of 6.360.000 new common registered intangible (book entry) shares with voting rights, with a par value of € 0,30 each and disposal value of € 13,30, waiving the preemption right of the existing shareholders in favor of FOSUN International Limited and Pramerica –Fosun China Opportunity Fund, Lp. The difference of € 82.680.000 between par value and disposal value, will be credited in the company’s reserves.
2. Approved the respective Amendment of Article 5 of the Articles of Association of the Company due to the aforementioned increase of the Share Capital.
3. Approved and authorized the Board of Directors of the Company and specifically, the members Mr. George Koutsolioutsos, Chief Executive Officer and Mr. George Velentzas, A’ Deputy Chief Executive Officer & General Manager, as specifically appointed by the General Meeting to be the authorized representatives to communicate with the Capital Market Commission and in general to act and proceed to all issues in relation to the proposed capital increase and, specifically, all issues referring to the submission and required approval of the prospectus by the Capital Market’s Commission, and for the admission to trading of the new shares in the Athens Exchange.
4. Elected as a new non executive member of the Board, Mr. Jiannong QIAN in replacement of a resigned member.
5. The General Assembly approved the new structure of the Audit Committee.
In addition, the letters-statements of intention of shareholders holding more than 5% of the share capital and at the same time participating in the Board of Directors of the company were thoroughly read. Specifically, Mr. Dimitrios Koutsolioutsos stated that he has no intention to dispose more than 1% per cent of its percentage until the fulfillment of the aforementioned capital increase and the admission of new shares for trading in the Athens Exchange and for a period of six months.
The Agricultural Bank stated that is not binded to maintain its percentage for the aforementioned period.
In the above Extraordinary General Meeting, 159 shareholders were present, representing 74,30% of the company’s share capital, namely 45.018.775 voting rights out of a total of 60.588.210 voting rights.
With regard to the above issues of the agenda, the qurom of participation and majority respectively, are as follows:
Issue 1
45.307.346 shares were represented out of a total of 60.588.210, namely percentage 74,78%. 45.245.905 shares voted in favor namely percentage 99,76%. 20 shares voted against, namely percentage 0,01%, 61,421 voted present, namely percentage 0,13% whilst, 50.947 shares, namely percentage 0,11% declared abstention from voting.
Issue 2
45.307.346 shares were represented out of a total of 60.588.210, namely percentage 74,78%. 45.245.905 shares voted in favor namely percentage 99,76%. 20 shares voted against, namely percentage 0,01%, 61,421 voted present, namely percentage 0,13% whilst, 50.947 shares, namely percentage 0,11% declared abstention from voting.
Issue 3
45.307.346 shares were represented out of a total of 60.588.210, namely percentage 74,78%. 45.245.905 shares voted in favor namely percentage 99,76%. 20 shares voted against, namely percentage 0,01%, 61,421 voted present, namely percentage 0,13% whilst, 50.947 shares, namely percentage 0,11% declared abstention from voting.
Issue 4
45.307.346 shares were represented out of a total of 60.588.210, namely percentage 74,78%. 36.512.888 shares voted in favor namely percentage 80,59%. 5.028.040 shares voted against, namely percentage 11,09%, 3.524.282 voted present, namely percentage 7,78% and 242.136 shares namely percentage 0,54% declared abstention from voting.
Issue 5
45.307.346 shares were represented out of a total of 60.588.210, namely percentage 74,78%. 37.104.483 shares voted in favor namely percentage 81,98%. 8.200.205 shares voted against, namely percentage 18,10%
Athens, May 26th, 2011
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