We hereby would like to inform you that at the Annual General Meeting of the shareholders of Vassiliko Cement Works Public Company Ltd held on 25 May 2023, the following resolutions were approved:
(a) The Management Report and the Financial Statements of the Company for the year 2022, a copy of which is on the Company’s webpage, were approved (https://www.vassiliko.com/en/investor-relations/financial-data/financialstatements2022/annualreportandfinancialstatements2022).
(b) The payment of a dividend amounting to €9.351.673,11 corresponding to €0,13 per ordinary share was approved, €0,085 out of the profits of the year 2021 included in Retained Earnings and €0,045 out of the profits of 2022.
The dividend will be paid to the entitled shareholders of the Company that will be registered at the CSE registry on the 8 June 2023 (record date). The shares of the Company will be traded in the CSE without the right to the dividend (ex-dividend) as from 7 June 2023.
Investors that will purchase shares at the CSE by close of business on 6 June 2023 (Last Cum Date) will be entitled to the dividend. It is noted that shareholders entitled to the dividend will also be the holders of shares based on an off exchange transfer to be completed by the record date. Payment of the dividend will be made (effected) by the 4 July 2023.
(c) The Director Mr. Stavros Galatariotis, who retired by rotation, was re-elected.
At the Annual General Meeting, the Members of the Board of Directors Messrs Costas Koutsos, Charalambos Panayiotou and Antonis Mikellides retired from their position. The Shareholders’ General Meeting elected as Directors Mr. George Chari (Independent Director), Mr. Ioannis Savvides (Independent Director) and Ms. Anastasia Papadopoulou (Independent Director), who were proposed by the Board of Directors for election, in order to fill the vacancies which occurred due to the retirement of Messrs Costas Koutsos, Charalambos Panayiotou and Antonis Mikellides.
The Curricula Vitae of the new Members of the Board of Directors, Mr. George Chari, Mr. Ioannis Savvides and Ms. Anastasia Papadopoulou, are presented here below:
Mr. George Chari
Mr. George N. Chari was born in Athienou in 1962. He graduated from the Pancyprian Gymnasium of Nicosia in 1980. After the completion of his military service from the 33rd Special Forces Battalion in 1982, he obtained, in 1987, a Bachelor's degree in Electrical Engineering from the New York Institute of Technology (NYIT), which is accredited by the Board of Engineers in the USA.
From 1987 to 1992, he worked as an Electrical Engineer at MDM Consulting Engineers in New York, where he became an Associate in 1990. Upon his return to Cyprus in 1992, he joined GEMAC in Nicosia, where he held the position of the Head of the Electrical Department until 1997, and the position of the Partner from 1997 until 2002.
In 2002, he founded the Chari Consulting Engineers in Cyprus, a company which specialises in the field of Building Services Consulting. Additionally, Mr. Chari also established Dynamic Power Solutions, a Consulting Company based in London (2014 to 2018).
He served as a member of the Board of Directors of CYTA from 2004 to 2011 and is an active member of the Institution of Electrical Engineers, Illuminating Engineering Society and the National Fire Protection Association.
Mr. George N. Chari holds an ETEK licence in Electrical Engineering and is classified by the Electromechanical Services as an 'A' category Electrical Engineer (Unlimited Power for Designs / Installations Responsibility).
Mr. Ioannis Savvides
Mr. Ioannis Savvides was born on July 1st, 1967. He holds an MBA (Quality Management) from Leicester University and a “General Banking Diploma” from the American Bankers Association – AIB.
He is certified in Strategic Marketing from the Chartered Management Institute and holds a third-level certificate in Accounting, Economics, and Commercial Law. In addition, Mr. Savvides has been an approved Insurance Representative of the Insurance Institute of Cyprus since 2001.
From 1989 to 2008, Mr. Savvides was employed at the Hellenic Bank as an Accounting Manager, Budget Coordinator, Internal Auditor, Retail Banking Branch Manager, and Quality Program Coordinator “EFQM”. Since 2008 he has been working at Astrobank (former Piraeus Bank) as a Branch Manager, Regional Manager of Paphos – Limassol, and currently as a Regional Manager of Paphos.
Ms. Anastasia Papadopoulou
Ms. Anastasia Papadopoulou studied at the University of Edinburgh, where she graduated in 1997 with a Master's degree in History (M.A. (History)). In 1999, she graduated from the Law School of the University of Cambridge, and in 2000, she completed the Legal Practice Course at the College of Law in London.
In 2000, she began her practice at the law firm Slaughter and May in London and in 2001, she joined the law firm Tassos Papadopoulos & Associates LLC as an Associate. In 2007, Ms. Papadopoulou became a Partner at the law firm Tassos Papadopoulos & Associates LLC, a position she held until 2022.
Ms. Papadopoulou is a member of the Board of Directors of the Cyprus Institute of Neurology and Genetics since 2020 and a member of the Board of Directors of the University of Cyprus since 2021.
Since 2018, she is the President of the Council for the Implementation of the National Strategy for the Combatting of Sexual Abuse and Exploitation of Children and Child Pornography "Foni". Since 2020, she has been a member of the Commission established by the Cyprus Sports Authority to develop a strategy to combat sexual harassment and abuse in sports.
(d) The Remunerations Report was approved.
(e) It was resolved that the Directors’ remuneration for the year 2023 remain the same as for the previous year i.e. €25.000 for the Chairman, and €20.000 for each of the members of the Board of Directors and a €300 representation allowance per presence in a meeting held for the meetings of the Board of Directors and its Committees.
(f) KPMG Limited were re-appointed as the Company’s auditors and the Board of Directors was authorised to determine their remuneration for 2023 at a later stage.
Friday, 26 May, 2023 - 08:59