REG - Public Power Corp - Resolutions of the OGM <Origin Href="QuoteRef">DEHr.AT</Origin>

Public Power SAAnnouncement

07/07/2017 16:40

RNS Number : 5031K
Public Power Corporation S.A.
07 July 2017
ANNOUNCEMENT 
Resolutions of the Ordinary General Meeting of PPC S.A.
PUBLIC POWER CORPORATION S.A. announces that the 15th Ordinary General Meeting of Shareholders, was held on Friday, July 7, 2017, in accordance with the Invitation to the General Meeting which was published on June 6, 2017 pursuant to the provisions of the Law and its Articles of Incorporation and was posted on the Company's website at the link:
https://www.dei.gr/Documents2/%CE%93%CE%B5%CE%BD%CE%B9%CE%BA%CE%AD%CF%82%20%CE%A3%CF%85%CE%BD%CE%B5%CE%BB%CE%B5%CF%8D%CF%83%CE%B5%CE%B9%CF%82%202017/INVITATION%20TO%20%CE%A4%CE%97%CE%95%20OGM07072017.pdf
In the Ordinary General Meeting of Shareholders there were legally presented (in person or by proxy) 179 Shareholders, representing 189,627,634 common registered shares with voting right on a total of 232,000,000 common registered shares withvoting right, that isnoted a quorum of 81.74%.The following items of the Agenda were discussed by the Ordinary General Meeting of Shareholderson 7-7-2017:
ITEM ONE: Approval of PPC S.A. Standalone and Consolidated Financial Statements for the 15th fiscal year (from 01.01.2016 to 31.12.2016), as well as approval of the Unbundled Financial Statements pursuant to article 141 of Law 4001/2011 and to the applicable article 30 of the Articles of Incorporation of the Company.In a total of 189,627,634 represented common registered shares, 188,566,025 voted in favor (99.440%), 4,500 voted against (0.002%) and 1,057,109 abstained from voting (0.558%).
ITEM TWO: No distribution of dividends for the fiscal year starting on 01.01.2016 and ending on 31.12.2016.In a total of 189,627,634 represented common registered shares, 189,627,634 voted in favor (100%).
ITEM THREE: Release of the members of the Board of Directors and of the certified auditors-accountants from any responsibility for compensation concerning the fiscal year from 01.01.2016 to 31.12.2016, pursuant to article 35 of C.L. 2190/1920.In a total of 189,627,634 represented common registered shares, 187,089,696 voted in favor (98.662%), 1,480,829 voted against (0.781%) and 1,057,109 abstained from voting (0.557%).
ITEM FOUR: Approval of the gross remuneration and compensation paid to the Members of the Board of Directors of the Company for the fiscal year from 01.01.2016 to 31.12.2016 and pre-approval of the gross remuneration and compensation to be paid for the fiscal year from 01.01.2017 to 31.12.2017.In a total of 189,627,634 represented common registered shares, 189,623,134 voted in favor (99.998%) and 4,500 abstained from voting (0.002%).
ITEM FIVE: Appointment of certified auditors for the fiscal year from 01.01.2017 to 31.12.2017, pursuant to the applicable article 29 of the Articles of Incorporation of the Company.In a total of 189,627,634 represented common registered shares, 173,423,775 voted in favor (91.455%), 16,089,670 voted against (8.485%) and 114,189 abstained from voting (0.060%).
ITEM SIX: Approval of the provision of guarantees by PPC S.A. to its subsidiaries for bank debt.In a total of 189,627,634 represented common registered shares, 189,627,634 voted in favor (100%).
ITEM SEVEN: Information to Shareholders on the activities of the Audit Committee of the Company.
Athens, July 7, 2017

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