Announcements

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Decisions of the General Meeting of Shareholders

27/04/2010 - Announcements

It is hereby announced that the 77th Annual Ordinary General Meeting of Shareholders of the Bank of Greece, held on Tuesday 27 April 2010 at 12.00 noon, was attended by 72 shareholders, representing 8.444.543 shares out of 19.864.886 shares in whole (i.e. 42.51%).

The General Meeting made the following decisions:

• It approved the Governor’s Annual Report, the Balance Sheet and the other Financial Statements for the year 2009, including the Auditors’ Report.
• It approved the appropriation of net profits, totalling € 228.160.613.- as follows:

 €

 

 13,309,473

 

 for the payment of dividend of €0.67 per share on 19,864,886 shares (equal to 12% of the Bank’s capital);

 €

 

 17,500,000

 

 for extraordinary reserve;

 €

 

 34,366,253

 

 for the payment of an additional dividend of €1.73 per share on 19,864,886 shares;

 €

 

 15,891,909

 

 for the payment of tax on dividends (Article 6 of Law 3296/2004); and

 €

 

 147,092,978

 

 payable to the Government.

The dividend will amount to €2.40 per share and is subject to withholding tax of 10%, in accordance with Article 18 of Law 3697/2008.

Dividend beneficiaries will be shareholders registered with the Dematerialised Securities System (DSS) as at 4 May 2010 [record date].

The cut-off date for exercising the right to this dividend payment will be the 30th of April 2010. As from the same date, the Bank of Greece shares will be tradable on the Athens Exchange, carrying no right to participate in this dividend payment.

The dividend shall be paid from 10 May 2010 onwards, according to the procedure laid down in Article 5.5 of the Athens Exchange Rulebook and the specific provisions of the Regulations of the DSS, as follows:
a) through the operators, namely the securities companies selected by shareholders and authorised for the collection of the dividend.
On 10 May 2010, the Bank will credit the accounts of the operators, who will then pay the beneficiaries. It should be noted that investors may revoke their authorisations to the operators by an application to Hellenic Exchanges S.A. (HELEX S.A.), which should be lodged at least five business days before the date of payment of the dividend.
b) directly by the Bank of Greece, either by crediting the bank account designated by shareholders or by cheque, when investors:
- have not authorised their operators;
- have revoked, by an application to HELEX S.A., the authorisation granted to their operators for the collection of the dividend,
- hold their shares in a Special Account of their Investor Share.

The payor Bank shall be the Bank of Greece.

In the event that bank accounts cannot be credited for any reason, beneficiaries may collect their dividends at the Bank of Greece as from 19 May 2010.

It approved the remuneration and travel expenses of the members of the General Council for the year 2010.
• It elected the audit company Ernst & Young S.A. as auditor for the year 2010 and approved its fees.
• It discharged the members of the General Council and the Auditors from all personal responsibility in connection with the Bank’s activities and management for the year 2009.
• It re-elected Mr Ioannis Gozadinos and Mr Georgios Kassimatis as members of the General Council
.
 
Administration Department
Secretariat Section

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