Minority Rights

According to the company’s Articles of Incorporation and Law 2190/1920 as currently in force, minority shareholders have the right per case to:

• Request from the Board of Directors to convene an Extraordinary General Assembly of Shareholders, setting precisely the items of its agenda
• Request for additional items to be included in the agenda of an already convened General Assembly of Shareholders, provided that this request is expressed within the time restrictions set by Law (15 days before the General Assembly of Shareholders). The additional items are accompanied by justification or draft resolution for approval by the General Assembly of Shareholders. The revised agenda is disclosed in the way the previous agenda was, that is 13 days before the General Assembly of Shareholders, and is at the disposal of the Shareholders on the company’s website
• Request from the Chairman of the General Assembly of Shareholders, only once, to defer a resolution and set the date for the Assembly’s adjournment
• Request, provided that this request is expressed within the time restrictions set by Law (7 days before the General Assembly of Shareholders) drafts of the resolutions of the initial or revised agenda
• Request, provided that this request is expressed within the time restrictions set by Law (5 days before the General Assembly of Shareholders), the disclosure during the Ordinary General Assembly of Shareholders, of the ammounts that were payed during the two years, for any cause, to the BoD members or  members of the Management Team, as well as any other provision given to those persons or any contract of the company with those persons (article 39, par. 4, item 4 Law 2190/1920 as currently in force) 
• Request information on company’s financial structure and affairs. If such request is submitted within the time restrictions set by the Law, the company’s Board of Directors is obliged to provide this information (save for certain data exempted by law)
• Request the adoption of a certain resolution by roll-call vote
• Request the investigation of the company by a competent judicial authority, in case of non-compliance with the resolutionsof the General Assembly of Shareholders or violation of the company’s Articles of Incorporaion and applicable laws
• Request for judicial investigation, in case business operations are conducted in an unethical and/or imprudent manner.


Allocation of Profits 
The allocation of the net profits is conducted according to the provisions of the Law as in force.

Payment of Divident
The shareholders participate in the net profits of the company upon approval of the annual financial statements by the General Meeting of Shareholders. Dividents are paid to shareholders in accordance with the Athens Stock Exchange Regulation as in force from time to time.

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