A’ Repeated Extraordinary General Meeting | Eurobank
Choose Language Top Menu Main Menu Extra Button Menu Page Contents Footer Search

A’ Repeated Extraordinary General Meeting

EFG Eurobank Ergasias S.A. announces that the A’ Repeated Extraordinary General Meeting of October 31st......

EFG Eurobank Ergasias S.A. announces that the A’ Repeated Extraordinary General Meeting of October 31st, 2005, with a 52.98% quorum of the paid up share capital (166,374,900 shares, including 2,574,299 shares with no voting right), resolved as follows:

1The merger of EFG Eurobank Ergasias S.A. with the company «Greek Progress Fund S.A.», by absorption of the latter by the first, and the approval of the Draft Merger Agreement.
The percentages of the majority on that issue were the following:Voted for: 160,149,843 shares, equal to 97.771% of the represented shares with voting right
Voted against: 0 shares
.
Abstained from voting: 3,650,758 shares, representing 2.229% of the represented shares with voting right
2. Τhe increase of the Bank’s share capital as a result of the merger, including capitalisation for reasons of rounding and modification of the nominal value of the share, and the relevant amendment of the Articles of Association. Specifically, the Bank’s share capital increases
  • by the amount of €111,877,412.04, which consists of the share capital of the absorbed company to be contributed to the Bank, after deducting the nominal value of Greek Progress Fund’s shares held by the Bank, which, according to the law, are cancelled and are not exchanged with Bank’s shares,
  • by the additional amount of €2,628,045.89, by partial capitalization of the Bank’s fixed assets revaluation reserve according to law 2065/1992, in order to enable the rounding of the shares nominal value, and simultaneously  the nominal value of the shares increases from €2.95 to €3.26.
The percentages of the majority on that issue were the following:Voted for: 160,149,843 shares, equal to 97.771% of the represented shares with voting right
Voted against: 0 shares
.Abstained from voting: 3,650,758 shares, representing 2.229% of the represented shares with voting right
3The increase of the Bank’s share capital by increasing the nominal value of its share via capitalization of the fixed assets (real estate) revaluation reserve, in accordance with law 2065/1992, and the relevant amendment of the Articles of Association. Specifically, the Meeting approved the increase of the Bank’ s shares’ nominal value (as this results from the merger with Greek Progress Fund S.A) by €0.04 per share, from €3.26 to €3.30, by the capitalization of €12,770,964.32. Consequently, after the two above mentioned increases, the Bank’ s share capital will come up to € 1,053,604,556.40 and will be divided in 319,274,108 common registered shares with voting right, each of a € 3,30 nominal value.
The percentages of the majority on that issue were the following:
Voted for: 160,149,843 shares, equal to 97.771% of the represented shares with voting right
Voted against: 0 shares
.Abstained from voting: 3,650,758 shares, representing 2.229% of the represented shares with voting right
4The amendment of the Articles of Association in accordance with law 3156/2003, to grant the power to the Board of Directors to issue debt securities under this law.
The percentages of the majority on that issue were the following:Voted for: 160,143,893 shares, equal to 97.767% of the represented shares with voting right
Voted against: 5,950 shares, representing 0.004% of the represented shares with voting right
.Abstained from voting: 3,650,758 shares, representing 2.229% of the represented shares with voting right.
5The ratification of the appointment of professor Mr. Panayiotis Tridimas as independent non executive Director, replacing the resigned Mr. Stamos Fafalios.
The percentages of the majority on that issue were the following:Voted for: 131,244,502 shares, equal to 80.125% of the represented shares with voting right
Voted against: 0 shares
.Abstained from voting: 32,556,099 shares, representing 19.875% of the represented shares with voting right
The above mentioned resolutions of the General Meeting will be implemented after obtaining the relative approvals from the competent supervisory authorities and following the legal procedure.