It is announced that shareholders were present or represented at the Extraordinary General Meeting of the shareholders of the company that convened on 27th February 2020 at the company headquarters (7 Lykovrysis, Metamorfosi Attica, 144 52) at 12:00 pm, who own 82.678.938 shares of a total of 114,320,400 shares, which correspond to 72,32% of the share capital. The resolutions which were taken universally and unanimously are as follows:

  1. On the first item, regarding the termination of operations of the subsidiary IKTINOS MARMARON and its liquidation, the General Meeting decided to terminate the operations of the subsidiary IKTINOS MARMARON SA and to place it in liquidation for reasons of economy of scale and re-engagement of sales in the internal market by the parent company.
  1. On the second item, regarding the acquisition of own equity, the General Meeting decided to proceed with the acquisition of the Company's own shares through ATHEX according to the provisions of par. 1 and 2 of article 49 of K.N. 4548/2018, subject to the following special terms and conditions:

• Duration for which authorization is granted: 24 months

• Maximum share price at which acquisition can take place : € 4,00

• Minimum share price at which acquisition can take place: € 0.50

• Maximum number of shares that can be acquired: Up to 1/10 of the paid up share capital (of the total number of shares).

The company currently owns 469,916 shares based on previous resolutions.

Any special issues not specified in the General Meeting resolution (such as, indicatively, definition of the procedure and manner of acquisition of own equity, definition of the time and manner of redistribution of treasury shares to the shareholders of the Company, etc.) shall be determined by resolutions of the Board of Directors of the Company, subject in any case to the provisions of the relevant legislation.

  1. On the third item, regarding the replacement of a member of the Audit Committee in accordance with Article 44 of Law 4449/2017, the General Meeting approved the replacement of a member of the Audit Committee in accordance with Article 44 of Law 4449/2017.

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Iktinos Hellas SA - Greek Marble Industry published this content on 27 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 February 2020 11:50:09 UTC