The Board of Directors of Ideal was formed

In the context of the 1st item of the Agenda of the Extraordinary General Meeting, which took place on 02.12.2021, Ideal announced the election and composition of the new Board of Directors of the company. It is noted that the new Board of Directors consists of nine people and has a six-year term, until 01.12.2027.

The company announcement in detail:

The company “GROUP INTEAL SOCIETE ANONYME INDUSTRIAL COMMERCIAL COMPANY AND HOLDINGS MANAGEMENT COMPANY” (hereinafter the “Company”) in accordance with the relevant provisions of European Regulation No. A (MAR) 59 ., informs the investing public about the following:

A. Election of a new Board of Directors and its Composition in a Body

In the context of the 1st item of the Agenda of the Extraordinary General Meeting, which took place on 02.12.2021, with participation from a distance, in real time via video conference, the Extraordinary General Meeting elected a new nine-member Board of Directors with a six-year term, until 01.12. 2027 may be automatically extended until the expiration of the term, within which the first Ordinary General Meeting of the Company must convene, which follows the expiration of the term of the Board of Directors, consisting of the following:

1. Lambros Papakonstantinou, Ioannis Papakonstantinou and Chrysi Siati,
2. Panagiotis Vassiliadis of Antonios Vassiliadis and Elke Vassiliadis,
3. Savvas Asimiadis of Efstathios Asimiadis and Mathilde Asimiadou,
4. Eleni Tzakou, by Alkiviadis Tzakou and Elli Liakoutsi,
5. Marina Efraimoglou by Minas Efraimoglou and Agapi Efraimoglou,
6. Anastasia Dritsa of Spyridon Dritsa and Maria Dritsa,
7. George Diakaris, son of Dimitrios Diakaris and Maria Diakaris,
8. Ioannis Artinos of Nikolaos Artinos and Vasiliki Nouka,
9. Panagiotis Kanellopoulos by Dimitrios Kanellopoulos and Vissaria Kanellopoulos

In addition, the above Extraordinary General Meeting elected as independent non-executive members of the Board of Directors, within the meaning of article 9 par. 1 and 2 of L.4706 / 2020, the following:

1. Eleni Tzakou, by Alkiviadis Tzakou and Elli Liakoutsi,
2. Marina Efraimoglou by Minas Efraimoglou and Agapi Efraimoglou,
3. Anastasia Dritsa of Spyridon Dritsa and Maria Dritsa.

The Extraordinary General Meeting before the election of the new Board of Directors and the appointment of its independent non-executive members, found that the criteria of individual and collective suitability of the members of the new Board of Directors are met, according to article 3 of N. 4706/2020, Circular 60/2020 of the Hellenic Capital Market Commission and the Suitability Policy of the Company and in case of their independence, according to article 9 par.1 and 2 of L.4706 / 2020. He also found that there is no obstacle of incompatibility, according to article 3 par. 4 of L.4706 / 2020, that there is sufficient representation by gender in a percentage that is not less than 25% of its members, with the resulting fraction being rounded to the immediate previous whole, as well as that the conditions of article 5 of L.4706 / 2020 are met, regarding the legal composition of the Board of Directors.

Following the above, the Board of Directors in accordance with its Rules of Procedure, was formed in a body during its meeting, on 03.12.2021, as follows:

1. Lambros Papakonstantinou, President – Non-Executive Member,
2. Eleni Tzakou, Vice President – Independent, Non-Executive Member,
3. Panagiotis Vassiliadis, CEO-Executive Member
4. Savvas Asimiadis, Executive Member
5. Marina Efraimoglou, Independent – Non-Executive Member
6. Anastasia Dritsa, Independent – Non-Executive Member
7. George Diakaris, Non-Executive Member
8. Ioannis Artinos, Non-Executive Member
9. Panagiotis Kanellopoulos, Non-Executive Member

B. Election of a new Audit Committee and appointment of its members & Chairman

The Extraordinary General Assembly of 02.12.2021 in the context of the 2nd issue decided the election of a new Audit Committee and in particular decided:

A. Regarding the composition and structure of the Audit Committee: The Audit Committee should consist of three (3) members and be an independent joint Committee of the Board of Directors, which will consist of an independent non-executive member of the Board of Directors and third parties.

B. The term of office of the Audit Committee is set at five years from the day of its election by this general meeting, ie until 01.12.2026 and is automatically extended until the expiration of the deadline within which the first Ordinary General Meeting of the Company must convene, which follows the end of the term of office of the Commission, and (b) the election of the following third natural persons as members of the Audit Committee:

(a) Mr. Nikos Chountas,
(b) Mr. Nikolaos Apergis

C. The Board of Directors of the Company was further authorized to elect the third member of the Audit Committee from its independent non-executive members who will meet the requirements of the law, namely article 44 of Law 4449/2017, as in force, as well as the provision of article 9 of Law 4706/2020.

Following the above, the Board of Directors during its meeting on 03.12.2021, proceeded to the election of Ms. Eleni Tzakou, Independent, Non-executive member of the Board of Directors, to the Company’s Audit Committee, so that the Audit Committee has a final legal composition according to article 44 par. 1 of Law 4449/2017.

The Audit Committee during its meeting, on 03.12.2021, in accordance with its Rules of Procedure, met and was formed into a body as follows:

1. Eleni Tzakou, Chairman (Independent, non-executive member of the Board of Directors)
2. Nikolaos Chountas, Member (Third, independent of the Company)
3. Nikolaos Apergis, Member (Third, independent of the Company)

It is pointed out that the above members of the Audit Committee and this as a committee meet the conditions of article 44 of L.4449 / 2017 and article 10 of L.4706 / 2020.

C. Appointment of a new Remuneration and Nominations Committee

After the election of a new Board of Directors by the Extraordinary General Meeting of 02.12.2021 and its formation in a body at its meeting on 03.12.2021, the Board of Directors at the same meeting, appointed the members of the Remuneration and Nominations Committee (hereinafter the “Committee “), in accordance with the Rules of Procedure of the Commission, as in force, as follows:

1. Eleni Tzakou, Independent, Non-executive member
1. Ioannis Artinos, Non-executive member
2. Marina Efraimoglou, Independent, Non-executive member

According to the Rules of Procedure of the Committee, the Committee is a committee of the Board of Directors and consists of at least three members, the majority of whom are independent non-executive members of the Board of Directors and the term of office of the members is equal to that of the Board of Directors. , as elected by the General Meeting of the Company’s shareholders, ie in this case six years, until 01.12.2027 and until the convening of the annual general meeting of the Company in 2028 and the relevant decision.

Following the above election of its members, the Committee met on the same day, on 03.12.2021, in accordance with its Rules of Procedure and was constituted in a body, as follows:

1. Eleni Tzakou, Chairman (Independent, Non-executive member of the Board)
2. Ioannis Artinos, Member (Non-executive member of the Board)
3. Marina Efraimoglou, Member (Independent, Non-executive member of the Board)