Kri-Kri: The distribution of a dividend of €0.20 per share was approved

The distribution of profits for the 2021 corporate year, as well as the proposal of the Board of Directors for the distribution of a gross dividend of €0.20 per share and a total gross dividend of €6,613,027, were approved at the Kri-Kri Shareholders’ General Meeting.

As the company states in a relevant announcement, the 27th Annual General Meeting of shareholders was held on 5/7/2022 at the Company’s offices on the 3rd km of Serres-Drama highway, P.K. 62125, Serres.

The quorum and majority required by the Law and the Articles of Association were gathered, i.e. Shareholders representing 27,484,742 voting rights out of a total of 33,046,500 voting rights were present or represented and voted, i.e. 83.170% of the Company’s paid-up share capital and corresponding voting rights ( after deducting the Company’s own shares). The Regular General Assembly legally discussed and took decisions on all the agenda items as follows:

1. The annual financial statements of the corporate year 2021 and the relevant report of the Board of Directors and the Certified Auditors were approved, as they were posted on the Company’s website and contained in the Annual Financial Report of 2021.

In detail, the vote was as follows:
Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).
Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

2. The allocation of profits for the 2021 fiscal year was approved, as well as the proposal of the Board of Directors for the distribution of a dividend of a gross amount of €0.20 per share and a total gross dividend of €6,613,027.

In particular, the Ordinary General Meeting approved the distribution of the profits of the 2021 financial year as follows:
Profit after taxes for the year 2021 (IAP)
13,209,690
Now: Tax balance. previous earnings uses
12,952,688
26,162,378
They are distributed as follows:
Dividend
6,613,027
Board fees
460,000
Results in neon
19,089,351
26,162,378

Regarding the dividend that was decided to be distributed to Mr. Shareholders, the dividend right cut-off date is 8/18/2022. Beneficiaries of the 2021 dividend will be those registered in the records of S.A.T. of 19/8/2022 (record date). The payment of the dividend will start on 24/8/2022, with PIRAEUS BANK as the paying bank. It is pointed out that the distributable amounts corresponding to the same shares will increase the distributable amounts of the other shareholders.

Also, from the distribution of the profits of the fiscal year 2021, it was decided to give board fees. amounting to €460,000.

In detail, the vote was as follows:
Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

3. The Annual Report of the Audit Committee for the year 2021, which is posted on the corporate website www.krikri.gr/corporate-governance/, was submitted to the General Assembly. In the above report, the actions of the Audit Committee and the matters dealt with during the fiscal year 2021 are detailed. The Report of the Audit Committee’s activities for the corporate fiscal year 2021 was upvoted, without the General Assembly raising any objection to it.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,387,091, i.e. 99.645% of the share capital represented at the Regular General Meeting, corresponding to 82.874% of the paid-up share capital (after deducting the Company’s own shares).

Abstention: 97,651, i.e. 0.295% of the share capital represented at the Regular General Assembly, corresponding to 0.355% of the paid-up share capital (after deducting the Company’s own shares).

4. The overall management that took place during the 2021 financial year was approved, according to Article 108 of Law 4548/2018, as well as the exemption of the Certified Auditors from any liability for compensation for the 2021 financial year, in accordance with par. 1 c’ of article 117 of Law 4548/2018.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

5. Following a relevant recommendation of the Audit Committee, the following were elected as Chartered Auditors, for the regular audit of the financial statements and for the issuance of a tax certificate for the year 2022: NETSIKAS Stergios (AM SOEL 41691) as a regular Chartered Auditor Accountant and SOFIS Andreas (AM SOEL 47771) as substitute, members of the auditing company “GRANT THORTON SA”. Their remuneration was set at €52,900 plus VAT.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

6. Approved the fees paid to the members of the Board of Directors for their services to the Company and their participation in the meetings of the Board of Directors, during the fiscal year 2021. The total maximum gross remuneration to be paid to the members of the Board of Directors was pre-approved Board for their performances at the meetings of the Board of Directors and for the services offered to the Company during the 2022 financial year, amounting to €100,000. These fees do not include the variable fees of €460,000 that will come from the 2021 profit distribution.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

7. The Remuneration Report was voted, which includes a comprehensive overview of all the remuneration received by the members of the Board of Directors for the year 2021, as presented to those present. Shareholders and is available on the corporate website www.krikri.gr/corporate-governance/.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 26,860,991, i.e. 97.731% of the share capital represented at the Regular General Assembly, corresponding to 81.282% of the paid-up share capital (after deducting the Company’s own shares).

Against: 623,751, i.e. 2.269% of the share capital represented at the Regular General Assembly, corresponding to 1.887% of the paid-up share capital (after deducting the Company’s own shares).

8. The report of the Independent Non-Executive Members of the Board of Directors was voted, which includes a comprehensive report on compliance with their obligations for the year 2021, in accordance with the specific provisions of Article 7 of Law 4706/2020 and which is posted on corporate website www.krikri.gr/corporate-governance/.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

9. The Company’s own share purchase program was approved through the Athens Stock Exchange, in accordance with article 49 of Law 4548/2018, as applicable up to a percentage of 5% of the respective total of shares with the purpose, while a percentage of up to 0.5% of of each set of shares, the distribution thereof to the Company’s staff, based on a free share distribution program, in accordance with Article 114 of Law 4548/2018, and for a percentage of up to 4.5% of each set of shares, for the purpose of reducing the share capital of the Company. A minimum purchase price of €3.00 per share was set and a maximum purchase price of €11.00 per share was set. It was decided to set the duration of the program at twenty-four (24) months. It was decided that the share buyback program will be conducted in accordance with the definitions of Regulation 596/2014 on market abuse and Commission Delegated Regulation 2016/1052.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,484,742, i.e. 100% of the share capital represented at the Ordinary General Assembly, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

10. The establishment of a free share distribution program was approved, according to article 114 of Law 4548/2018, to members of the Board of Directors and to the Company’s staff, up to the amount of 0.5% of the total number of shares of the Company. The Board of Directors was authorized to determine the other individual terms of the Program.

In detail, the vote was as follows:

Total number of shares for which valid votes were cast/total number of valid votes: 27,484,742, corresponding to 83.170% of the paid-up share capital (after deducting the Company’s own shares).

Votes in favour: 27,089,965, i.e. 98.564% of the share capital represented at the Regular General Assembly, corresponding to 81.975% of the paid-up share capital (after deducting the Company’s own shares).

Against: 394,777, i.e. 1.436% of the share capital represented at the Regular General Assembly, corresponding to 1.195% of the paid-up share capital (after deducting the Company’s own shares).