Pursuant to article 278 of the ATHEX Regulation, we notify you that the Extraordinary General Meeting of Shareholders of the company ELLAKTOR S.A. which was held on December 9, 2008, 80 shareholders were presented representing 91,043,856 out of 177,001,313 common registered voting shares, resulting to a quorum of 51.437% of its paid-up share capital. (It is noted that the Company holds 2,620,000 non voting treasury shares which are not taken into account when calculating the quorum of the General Meeting). The General Meeting discussed and decided on all subjects of the daily agenda.
More specifically the Extraordinary General Meeting decided as following:
On the issue No 1:
Annulment of the adopted own share buyback plan as approved by the decision of the Extraordinary Shareholders Meeting dated December 10, 2007 (article 16 par. 1 c.l. 2190/1920).
The Company informs that, in execution of the decision of the Extraordinary Shareholders General Meeting dated 10.12.2007and the decision of the Board of Directors dated 21.1.2008, during the period from 24.1.2008 till 9.12.2008 has proceeded to the purchase of 2,620,000 own shares, or 1.48% of the paid-up share capital, of total transaction cost 19,439,070.50 euro and of average acquisition cost 7.42 euro per share.
On the issue No 2:
Approval of a new own share buyback plan pursuant to article 16 par. 1 c.l. 2190/1920 in replacement of the revoked own share buyback plan up to the limit of 10% of the paid-up share capital of the Company each time, including the already acquired, of a duration up to 2 years (the specific time table will be determined, as far as both the duration and the specific time intervals via a decision of ELLAKTOR's Board of Directors), at a minimum share price of ? 1.03 (par value of the share) and a maximum share price of ? 15.00 accordingly. The share buyback objectives and uses are those provided by the law, which today include, indicatively and not limiting, the use of the own share buyback for the purpose, amongst others, of the share capital decrease, of the offering to the employees, of the active capital base management, of the provision of loan indemnity, of the coverage of convertible bonds, of the share offering in a tender offer, of the share exchange etc. The own share buyback will be executed, directly or indirectly, by ELLAKTOR.