Logismos: The acquisition of own shares up to 10% was approved by the G.S.

The acquisition by the company of its own shares up to a percentage of 10% of the share capital was approved, among other things, by today’s Regular General Meeting of the shareholders of Logismos.

As the company states in a relevant announcement, the Annual Ordinary General Meeting of Shareholders was convened and held today, July 27, 2022, Wednesday at 2:00 p.m., at the Company’s facilities at the Technopolis Industrial Complex in Thessaloniki at the 9th km of Thessaloniki – Thermis Road, in which was attended in person by three (3) shareholders, representing 2,742,592 shares (out of a total of 4,740,000 shares) with the same number of voting rights, i.e. 57.86% of the total number of shares and voting rights, and which decided unanimously and unanimously following:

1. Approved the financial statements for the year 1/1/2021 – 31/12/2021, the relevant report of the Board of Directors and the Regular Statutory Auditor.

He also confirmed that no dividend will be distributed for this year due to non-payment
adequacy of the tax result. Before making the decision, apart from reading the report of the Board of Directors. and the statutory auditor, also:

a) The Report of the Proceedings of the Audit Committee for the 2021 Corporate Year was read to the shareholders and the General Meeting of Shareholders was informed of the proceedings of the Audit Committee.

b) The Report of the Independent Non-Executive Members of the Board of Directors was read to the shareholders. in accordance with par. 5 of article 9 of Law 4706/2020.

2. Approved in accordance with article 108 of Law 4548/2018 the overall management of the Board of Directors for the fiscal year 2021 and the exemption of the members of the Board of Directors and the auditors from any liability for compensation for the transactions of the fiscal year 1/1/2021 – 31 /12/2021.

3. He elected for the regular audit of the fiscal year 2022 and the issuance of a tax bill
certificate the company “KSI GREECE – Sworn Auditors Accountants & Business Consultants IKE” with Mr. Antonios Markos as Regular Sworn Auditor and Mr. Georgios Nikos as substitute Sworn Auditor and authorized the Board of Directors to determine the remuneration of the auditors in relation to the necessary audit hours.

4. Approved the election of a new seven-member Board of Directors consisting of the following members:
1. Ioannis Doufos of Markos
2. Alexander Doufos of Markos
3. Nikolaos Pappas of Philippou
4. Evangelos Katsadas of Emmanuel
5. Ioannis Stavrou of Georgiou
6. Panagiota Tsaoutou of Nikolaos
7. Polyzois Duke of Stephen

The 6th and 7th of the above members are independent in relation to the company, within the meaning of Law 4706/2020, while the obligation regarding the minimum number of members of different genders is fulfilled.

The term of office of the new Board of Directors is five years, extending until the first, after its expiry, Regular General Assembly.

It is noted that the above composition of the Board of Directors is in accordance with the provisions of the Suitability Policy of the members of the Board of Directors.

The above Board of Directors will be constituted in a body by its decision, observing the provisions of Law 4706/2020.

5. Approved the election of a new audit committee which is mixed and consists of one (1) independent non-executive member of the Board of Directors, two (2) dependent members of the Board of Directors, two (2) independent third-party members, thus fully meeting the conditions of as above law while being able to implement the powers and obligations defined in paragraph 3 of article 44 of the above law. The new committee consists of the following members:
Polyzois Duke of Stephen
Nikolaos Pappas of Philippou
Ioannis Stavrou of Georgiou
Odysseus Spyroglou of Cleomenes
Vasilios Alexopoulos of Alexios

6. Approved the remuneration report of the company’s Board of Directors for the year 2021 in accordance with article 112 of Law 4548/2018.

7. Approved the paid fees for the employment of shareholders, members of the Board of Directors and related parties for the 2021 financial year and pre-approved the fees for the employment of shareholders and members of the Board of Directors and related parties for the 2022 financial year.

8. Approved the acquisition by the Company of own shares up to 10% of the share capital, in accordance with the provisions of article 49 of Law 4548/2020, based on the current prices at the Stock Exchange with a limit of up to twice the nominal value of the share . The shares will be retained for future use either as a means of payment, with the aim of exchanging with shares of another company or will be allocated, in the context of a future decision, to the company’s staff or members of the Board of Directors. thereof, in compliance with the conditions provided for in articles 113 and 114 of Law 4548/2018. He also authorized the Board of Directors to make use of this decision at its discretion and according to the conditions of the Market.

9. Finally, Messrs. shareholders were informed about various issues related to the development and activities of the company.

In the first half of 2022, the company’s turnover was significantly increased, compared to the corresponding half of 2021, due to the subsidence of the effects of Covid-19 and at the same time the achievement of significant new sales of the company’s software products to large companies in the field of food.

In the Greek market, the company proceeded to conclude new important agreements with large industries in the food sector for the full implementation of the integrated business software suite ERP-WMS-PMS-CRM-MOBILE-BI.

The Company continues its efforts to expand the activity of installing CMS applications for Casinos as well as ERM applications for Academic Institutions in foreign countries and in Greece. These actions include participation in specialized exhibitions for Casino technology systems and academic institutions as well as exploring partnerships with companies in the field.