Ellactor: Three new members of the Board

The limited liability company Ellactor announces that on June 30, 2022, the Extraordinary General Meeting of the Company’s Shareholders was held, which was convened by the Board of Directors, following the request of the shareholder of the limited liability company Motor Oil, which represents 29.87% of the share capital, from 06.06.2022 of the Company, regarding the election of three additional members of the Board of Directors and following the shareholder’s letter of 15.06.2022, which specifies the members proposed for election along with their CVs.

The Extraordinary General Assembly decided the following:

Topic 1: Election of additional Members of the Board of Directors, with separate voting for each member candidate for election.

The Extraordinary General Assembly, following the proposal of the Board of Directors, and the recommendation of the Nominations and Remuneration Committee, according to which it was established that the eligibility criteria of the proposed members of the Board of Directors for election were met. in accordance with the Company’s Eligibility Policy and the provisions of Law 4706/20 as applicable, elected, following a legal vote, as additional members of the Company’s Board of Directors the following:

– Panagiotis Kyriakopoulos of Othonos, Member

– Georgios Triantafillou of Eleftheriou, Member and

– Georgios Prousanidis of Ioannis, Member.

The term of office of the additional members shall expire at the same time as the term of office of the remaining members of the current Board of Directors.

Following this, the Board of Directors reconstituted itself in a House during its meeting on the same date, as follows:

1. Georgios Mylonogiannis of Stamatiou-Takis, Chairman of the Board of Directors, Non-Executive Member,

2. Aristides (Aris) Xenofos tou Ioannis, Vice-President, Non-Executive Member,

3. Efthimios Bouloutas of Theodoros, CEO, Executive Member,

4. Konstantinos Toumbouros of Pantazis, Consultant, Independent – ​​Non-Executive Member

5. Athina Hatzipetrou of Constantinos, Consultant, Independent – ​​Non-Executive Member,

6. Ioanna Dretta of Grigoriou, Advisor, Independent Non-Executive Member

7. Eugenia (Jeni) Livadarou tou Ioannis, Consultant, Independent – ​​Non-Executive Member

8. Panagiotis Kyriakopoulos of Othonos, Advisor, Non-Executive Member

9. George Triantafillou of Eleftheriou, Advisor, Non-Executive Member

10. George Prousanidis tou Ioannis, Advisor, Non-Executive Member.

Topic 2: Designation of Independent Non-Executive Members for the entire Board of Directors.

The Extraordinary General Meeting, following the proposal of the Company’s Board of Directors, and the Nominations and Remuneration Committee’s Recommendation from 16.06.2022 regarding the determination of the fulfillment of the eligibility criteria, in accordance with the Company’s Eligibility Policy, as well as the fulfillment of the criteria of No. 9 of Law 4706/20, approved after a legal vote, the redetermination of the status of Member Mr. Ioannas Dretta, from a non-executive member, to an independent non-executive Member of the Board of Directors, for the remainder of his term, which covers all independence criteria as defined in art. 9 Law 4706/2020, in the Suitability Policy and in the Company’s Corporate Governance Code.

Following these, independent non-executive members of the Company’s Board of Directors, who exceed all the independence criteria as defined above, are determined as follows:

1. Athena Hatzipetrou

2. Konstantinos Toumbouros

3. Eugenia Livadarou

4. Ioanna Dretta.

Topic 3: Announcement of the appointment of a new member of the Audit Committee to replace a resigned one – Other announcements.

It was announced at the Extraordinary General Assembly the replacement of the member of the Audit Committee, Mr. Kostantinos Toumbouros, an independent non-executive member of the Company’s Board of Directors, by Ms. Eugenia Livadarou, likewise an independent non-executive member of the Company’s Board of Directors, in accordance with the provisions of article 82 par. 1 of Law 4548/2018.

It is pointed out that Ms. Livadarou: (a) meets the conditions of suitability and independence from the Company within the meaning of art. 44 par. 1 sec. 4449/2017 in conjunction with art. 9 of Law 4706/2020, of the articles of association, of the Corporate Governance Code and of the Regulation of the Audit Committee and there are no obstacles or incompatibilities, and (b) based on her CV, she has knowledge of the sectors in which the Company operates