Thessaloniki Port Authority – Decisions of the Extraordinary General Shareholders Meeting of 25.01.2018

Thessaloniki, Greece (Ports Europe) January 29, 2018 - Following an Extraordinary General Shareholders Meeting of January 25, 2018, Thessaloniki Port Authority S.A. (ThPA S.A.) has announced the following decisions: 1. Accepted the completion of the composition of the Audit Committee according to article 44 of Law 4449/17, by Konstantinos Karoulis, independent non-executive member of the BoD/ThPA S.A. and representative of the Economic and Social Council of Greece (ESC). 2. Accepted the election of the new independent, non-executive member of the Board of Directors, Mr. Konstantinos Christogiannis, in replacement of a resigned member . 3. Approved the amendment of the cooperation agreement dated 12.09.2016 between ThPA S.A. and Egnatia Odos S.A. and the reformulation of the planned expenditure of the project: "Vertical axis 56th Egnatia Odos Completion work connection of the sixth pier of the Thessaloniki with highway of Pathe and Egnatia Odos.”, by adding an additional amount of €264.000 due to new technical solution. 4. Approved the abolishment of the Articles 7, 8, 13, 14, 15, 16, 22, 23, 24, 25, 26 and 28 of the Company's Statute. 5. Approved the amendment, restatement and renumbering of the Articles 21 and 27 of the Company's Statute. 6. Approved the addition into the Company’s Statute of a new Article 12 about the Audit Committee. 7. Approved the amendment, merge into a single article and rules simplification of the Articles 17, 18, 19 and 20 of the Company’s Statute about the General Meeting. 8. Approved the amendment, of the Articles 9, 10, 11 and 12 of the Company's Statute about the Board of Directors. 9. Approved the amendment, of the Article 5 of the Statute about the Share Capital and Article 6 about the Shares. 10. Approved the change of purpose and subsequent amendment of article 3 of the Company's Statute. 11. Approved the amendment, of the Articles 1, 2, and 4 of the of the Company's Statute. 12. Approved the amendment, abbreviation, simplification and codification in a unified text of the provisions of the Company's Statute. 13. The General Meeting of ThPA S.A. Shareholders was granted permission (among others, according to article 23A, paragraph 2 of Codified Law 2190/1920, as in force) and approved the amendment of the Concession Agreement dated 27 June 2001 between the Greek State and the Company with specific content. It was also decided by the HRADF, that the Board of Directors of the company must convene at a meeting on the grounds of urgency on 30-1-2018, in order to authorize the CEO or other member of the Board, to represent the ThPA S.A. on all matters relating to the signing and conclusion of the amending Concession Agreement, including in particular the signing and issuance of a necessary legal guarantee letter to that end. 14. HRADF (the majority shareholder of ThPA S.A. - representing 74,2678% of the paid-up share capital) proposed according to Article 39 paragraph 3 of Codified Law 2190/1920 as in force, item 14 “Election of Board members” to be postponed, on February 15, 2018 at 12:00 a.m at Athens Stock Exchange. The adjournment of the Extraordinary General Meeting is a continuation of the meeting of 25 January 2018 and does not require the resumption of publicity (Invitation of Shareholders) 15. There have been no announcements at this Extraordinary General Meeting. The agreement for the sale of Thessaloniki Port Authority’s 67% was signed on December 21, 2017, between HRADF and South Europe Gateway Thessaloniki (SEGT) Limited, the company set up by the Preferred Investor consortium comprising of the companies Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd and Terminal Link SAS (part of CMA CGM), for a total bidding offer of €231.926 million ($278.88 million). Source: Thessaloniki Port Authority Copyright (C) Ports Europe. All Rights Reserved. 2018.

Thessaloniki Port Authority – Decisions of the Extraordinary General Shareholders Meeting of 25.01.2018

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Thessaloniki Port Authority – Decisions of the Extraordinary General Shareholders Meeting of 25.01.2018

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All news

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