Resolutions of the A’ Repeat Annual General Meeting of April 17th, 2006 | Eurobank
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Resolutions of the A’ Repeat Annual General Meeting of April 17th, 2006

EFG Eurobank Ergasias EFG Eurobank Ergasias announces that the A’ Repeat Annual General Meeting of April 17th, 2006, with a 55.13% quorum of the paid up share capital (176,040,074 shares, including 1,952,792 shares with no voting right), resolved the following:

1) The establishment of a stock options programme for the staff and Directors of the Bank and its related companies, in accordance with the provisions of company law 2190/1920 article 13 par. 9, with the following terms: The Board of Directors is entitled to issue stock options within the next 5 years (i.e. until the Annual General Meeting of the year 2011). The exercise price will be finalized by the Board of Directors and will be up to 80% of the average market value of the six months prior to the approval of each option series. The maximum number of shares to be issued by the Bank as a result of the stock options exercise will be up to 3% of its total shares in issue. 

The percentages of the majority on that issue were the following:

Voted for: 163,857,631 shares, equal to 94.124% of the represented shares with voting right

Voted against: 6,478,463 shares, representing 3.721% of the represented shares with voting right.

Abstained from voting: 3,751,188shares, representing 2.155% of the represented shares with voting right. 

2) The cancellation of 786,000 treasury shares acquired by the Bank under the buy-back program in accordance with the provisions of company law 2190/1920 article 16 par. 5, with corresponding decrease of the Bank’s share capital (by the amount of 2.593.800 euros) and amendment of article 5 of the Articles of Association accordingly.

The percentages of the majority on that issue were the following:

Voted for: 170,674,103  shares, equal to 98.039% of the represented shares with voting right

Voted against:  0 shares.

Abstained from voting: 3,413,179 shares, representing 1.961% 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.