General Shareholders’ Meeting decisions

We would like to inform you that the Extraordinary General Shareholder’s Meeting of the Company ALPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT MANAGEMENT S.A., was held on 13.6.2018 at 17.00 at the conference venue on 7, Kavalieratou str. Kifissia. The Shareholder’s Meeting was attended by 41 shareholders or their representatives holding 582.703 shares, i.e. a percentage of 75.35%.

The issues on the agenda which were discussed are the following:

  1. Submission and approval of the Financial Statements for the fiscal year 1.1.2017-31.12.2017, the Management Report of the Board of Directors and the Auditors’ reports and approval for the distribution of dividend.
  2. Release of the members of the Board of Directors as well as the Auditors of the Company from any liability for their activity during the fiscal year 1.1.2017-31.12.2017.
  3. Election of a Certified Auditor and its deputy for the fiscal year 1.1.2018 – 31.12.2018 and determination of their fees.
  4. Appointment of a Certified Auditor and its deputy for the audit of the management accounts of the Mutual Funds managed by the Company for the fiscal year 1.1.2018-31.12.2018 and determination of their fees.
  5. Determination of the remuneration of the members of the Board of Directors – approval of their remuneration for the previous fiscal year and prior approval of the remuneration for the following year.
  6. Approval of the Company’s contracts with founding members and members of the Board of Directors.
  7. Approval of own shares sale agreements by the Company to members of its Board of Directors.
  8. Approval to the members of the Board of Directors to carry out acts according to article 27 of the Articles of Association.
  9. Amendment of the decision of the General Shareholders meeting held on 7.6.2017 as in force, for the purchase of own shares, according to the provisions of article 16 of Law 2190/1920, regarding the handling of the own shares that have been obtained in accordance with the above decision and discontinuation of the General Shareholders meeting decision dated 7.6.2017 for the purchase of own shares.
  10. Various announcements.

Regarding the first issue, the General Shareholder’s Meeting unanimously approved (75.35%) the BoD’s report and the Financial Statements of the fiscal year 1.1.2017-31.12.2017, i.e. the Chartered Accountants’ Report, the Balance Sheet, the Income Statement, the Statement of Changes in Equity, the Cash Flow Statement, the additional data and information and the Annex of the Financial Statements.

The same decision approved the distribution of earnings for the fiscal year and the proposal of the BoD on the distribution, from the earnings, of a dividend to the beneficiary shareholders of a total gross amount of 357,896.00 euro, corresponding to 0.50 euro per share and incremented by the amount corresponding to the 57,521 own shares owned by the Company that are not entitled to a dividend. The dividend amount mentioned above is subject to a withholding of tax 15% and thus the shareholders shall receive a net amount of 0.425 euro per share.

The ex-dividend date was set for 29.06.18.

The beneficiaries of the dividend for the fiscal year 2017 are the Company’s shareholders who shall be registered in the records of the Dematerialized Securities System on 02.07.18 (record date).

Payment shall begin on 05.07.18 and it shall be done through Peiraeus Bank.

Finally, the General Meeting has approved the distribution of part of the earnings of the fiscal year 2017, of a total gross amount of 105,000 euro to the employees of the Company.

On the second issue, the General Meeting has released with a percentage of 54.04% (the members of the BoD and the employees of the Company have voted only with the shares they own), the members of the BoD and unanimously with a percentage of 75.35% the Auditors from any liability for damages regarding their activity for the fiscal year 1.1.2017-31.12.2017.

On the third issue, the General Meeting has unanimously elected (75.35%) for the audit of the Company’s and the Group’s Financial Statements for the fiscal year 2018 the Certified Auditor DELOITTE CHARTERED ACCOUNTANTS S.A. and determined their fee.

On the third issue, the General Meeting has unanimously elected (75.35%) for the audit of the Company’s and the Group’s Financial Statements for the fiscal year 2018 the Certified Auditor DELOITTE CHARTERED ACCOUNTANTS S.A. and determined their fee.

On the fifth issue, the General Meeting has determined with a percentage of 56.35% (not including the shares represented by members of the BoD) the remuneration of the members of the BoD, it has approved the remuneration of the previous year and pre-approved the remuneration of the following one.

On the sixth issue the General Meeting has unanimously approved (75.35%) the contracts between the Company and its founders and BoD members.

On the seventh issue, the General Meeting has unanimously approved (75.35%) the Own Share Sale Agreements dated 14.3.2018 between the Company and the members of the BoD M. Faidon – Theodoros Tamvakakis, M. Hristodoulos Aisopos and M. Nikolaos Tzanetos, in execution of the decision dated 6.2.2018 of the Extraordinary General Shareholders Meeting and decision dated 13.3.2018 of the Board of Directors, which was authorized for the implementation of this decision.

On the eighth issue, the General Meeting has unanimously approved (75.35%) the granting of an authorization, pursuant to article 23 of law 2190/1920 and article 27 of the Articles of Association, to the members of the Company’s BoD, to take, either on their behalf or on the behalf of other companies, actions which are part of any of the objectives pursued by the Company as well as to participate as general partners in the BoDs and in the management of other companies pursuing identical or similar objectives to the ones of the Company ΑLPHA TRUST MUTUAL FUND AND ALTERNATIVE INVESTMENT MANAGEMENT S.A.

On the ninth issue, the General Meeting has unanimously approved (75.35%) the amendment of decision dated 7.6.2017 of the General Shareholders Meeting, as amended and in force following decision dated 6.2.2018 of the Extraordinary General Shareholders Meeting, on the «Decision to buy own shares, pursuant to the provisions of article 16 of law  2190/1920», regarding the handling of own shares acquired by virtue of the above-mentioned decision and more specifically it has unanimously approved the amendment of the objective of the acquisition of own shares, which shall be either to cancel them, or to sell them to third parties including members of the BoD and employees, or both, at the discretion of the BoD, the latter being unanimously authorized by the present to take the most appropriate decision for the interests of the Company at a given moment and situation, i.e. to proceed to the cancellation of own shares or to their sale to third parties, including members of the BoD and Company employees, or partly to a cancellation and partly to a sale of these shares.

Finally, the General Meeting unanimously decides to cease the program provided for under decision dated 7.6.2017 by the General Meeting on the purchase of own shares.

Kifissia, June 14, 2018