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Thessaloniki Port Authority S.A, pursuant to the provisions of paragraph 4.1.3.1 of the Athens Stock Exchange Regulation and article 10 par.1 of L.3340/2005, announces that the Τax Αudit for the tax year 2016 was completed by the Independent Statutory Auditors, in accordance with article 65A par. 1 of L.4174/2013, as amended by L. 4410/2016 and the decision POL1124/2015, and the Tax Compliance Report was issued without a reservation.

ThPA SA announces that, at the meeting of the company’s BoD on 20/09/2017 and in accordance with the provisions of article 44 of Law 4449/2017, a new member of the Audit Committee, was appointed Mr. Constantinos Karoulis, independent non-executive member of the BoD, representative of the Economic and Social Council of Greece (E.S.C.),  in replacement of Mr. George Tozidi

The Board of THPA SA approved at 21/09/2017 the Financial Report for the period of 1/1/2017-30/06/2017 from which the following arise:

  • Τhe company's turnover for the first six months of 2017 amounted to 27,955,756€ compared to 21,167,064€ in the corresponding period of 2016, recording an increase of 32.07%. All the operating segments recorded increase and specifically: Container Terminal an increase of 29.33%, (16,737,100€ compared to 12,941,411€ in the same period of 2016), the Conventional Port an increase of 37.98% (10,288,769€ compared to 7,456,468€ in the same period of 2016) the Passenger Port an increase of 0.58% (80,139€ compared to 79,678€ in the same period of 2016) and an increase of 23.24% in the Exploitation of Spaces (849,748€ compared to 689,506€ in the same period of 2016).
  • In the period ending 30.06.2017 container terminal recorded an increase in throughput of 32.70% (188,306 teu’s compared to 141,900 in the corresponding period of 2016), general cargo handling recorded an increase of 33.96% (370,479 tons compared to 276,567 in the corresponding period of 2016) and bulk cargo traffic recorded an increase of 55.98% (1,888,766 tons compared to 1,210,903 in the corresponding period of 2016).
  • Cash holdings and equivalents and other financial items amounted to 89,780,558€ compared to 76,585,315€ in the corresponding period of 2016, recording an increase of 17.23%.
  • Gross profit amounted to 14,587,916€ compared to 9,198,348€ in the corresponding period of 2016, recording an increase of 58.59% and as a percentage of turnover amounting to 52.18%.
  • Operating profit (EBITDA) stood at 15,121,764€ compared to 10,325,503€ in the corresponding period of 2016, recording an increase of 46.69% and as a percentage of turnover amounting to 54.09%.
  • Earnings before taxes amounted to 13,789,247€ compared to 8,961,938€ in the same period of 2016, recording an increase of 53.86% and as a percentage of turnover amounting to 49.33%, while after-tax results amounted to 9,800,945€ compared to 5,540,950€ in the same period of 2016, recording an increase of 76.88% and as a percentage of turnover amounting to 35.06%.

 

DECLARATION BY THE MANAGING DIRECTOR

Commenting on the financial results of the first half, ThPA CEO, Dimitris Makris, stressed: "2017 is evolving to a milestone year for the company, which has achieved a significant increase in freight throughput, and retained its strong position in the port market. These figures, combined with high profitability ratios, zero borrowing and high liquidity, create the conditions for a steady upward trend for ThPA SA. Financial figures and current indicators reinforce the estimates for a significant increase in container traffic, the highest in the last ten years, while for general and bulk cargo an increase of the highest in the last five years is expected.

This year's upward trend in freight traffic is mainly related to the increase in exports and commercial activity in the port’s hinterland, as well as the close cooperation of the company with its customers, the ongoing consultation with the port community, the city and the region. At the same time, the company implements an ambitious investment program to improve services and protect the environment.

The experienced and specialized personnel of ThPA SA constitute the driving force of the company.

ThPA SA faces new challenges following the successful completion of the international tender process by HRADF, and nomination of the consortium comprising of Deutsche Invest Equity Partners GmbH, Belterra Investments Ltd. and Terminal Link SAS as the Preferred investor for acquisition of 67% of the company's shares. The concession agreement requires mandatory investments of € 180 million over the next seven years, as well as minimum freight traffic indicators.

The above developments provide a favorable environment for the upgrading of the Port of Thessaloniki the benefit of the company, the national economy and employment in general".

THPA SA announces that, at the meeting of the Board of Directors No.576 dated 31.08.2017, Mr.George Tozidis submitted his resignation, by an independent non-executive member of the Board of Directors/THPA. SA and by a member of the Audit Committee, following his appointment as Head of the newly established Regional Office of the Public Authority of Port of Thessaloniki, published by Government Sheet 2855/17.08.2017 Second Issue.

Thessaloniki Port Authority S.A. announces the voting results during  the Annual General Meeting of the Company’s Shareholders that was held on 7th  July  2017 at the hotel Hyatt Regency Thessaloniki where  was attended in conformity by 13  shareholders, attending either in person or by proxy and representing 7,911,387 shares, i.e. 78.4859% of the Company’s paid-up share capital, as follows:

  1. Approved the Annual Financial Statements for the 17th fiscal year (01.01.2016 to 31.12.2016), accompanied by the Annual Management Report by the Board of Directors, the Independent Auditors’ Report and the Corporate Governance Statement. The voting results on the 1st item were as follows:
    • Number of shares for valid votes given 7,911,087 (78.4829% of the share capital with voting rights), out of which:
      - For: 7,911,087
      - Against: 0
    • Abstain: 300

  2. Approved the distribution of dividend to the company’s Shareholders which amounts to 0,49 euro per share, which dividend is subject to 15% withholding tax, and therefore the net final amount payable will be 0,4165 euro per share. The ex-dividend date was set on 31th July 2017, the dividend beneficiaries "Record Date" was set on 1st August 2017 and the dividend shall be paid on 4th August 2017. The voting results on the 2nd item were as follows:
    • Number of shares for valid votes given 7,911,387 (78.4859% of the share capital with voting rights), out of which:
      - For: 7,906,687
      - Against: 4,700
    • Abstain: 0

  3. Approved the discharge of the members of the Board of Directors and of the Company’s Independent Auditors from all liability regarding the proceedings of the Company’s 17th fiscal year. The voting results on the 3rd item were as follows:
    • Number of shares for valid votes given 7,911,387 (78.4859% of the share capital with voting rights), out of which:
      - For: 7,909,887
      - Against: 1500
    • Abstain: 0

  4. After the relevant recommendation of TAIPED with 74.2678% of the company’s share capital, approved as the auditing company for the financial year 2017, “ERNST & YOUNG (HELLAS) CERTIFIED AUDITORS ACCOUNTANTS SA) having its registered office in Athens, Chimarras street 8B, 15125 Maroussi, with company SOEL registered No.107 with an audit fee of 46,500 euros. The voting results on the 4th item were as follows:
    • Number of shares for valid votes given 7,911,387 (78.4859% of the share capital with voting rights), out of which:
      - For: 7,486,194
      - Against: 425,193
    • Abstain: 0

  5. Approved the fees – remunerations paid to BoD members of the fiscal year 2016 and pre-approved their fees - remunerations that will paid during the next fiscal year. The voting results on the 5th item were as follows:
    • Number of shares for valid votes given 7,911,387 (78.4859% of the share capital with voting rights), out of which:
      - For: 7,909,342
      - Against: 2,045
    • Abstain: 0

  6. Elected as members of the Audit Committee:
    • Dimitrios Routos, Chairman of the Audit Committee, a retired bank employee with knowledge in auditing and accounting
    • George Tozidis, retired banker
    • Christos Vogiatzis, Accounting Tax Consultant with first class certification in accounting
    It also approved the consolidation of the two Audit Committees. The voting results on the 6th item were as follows:
    • Number of shares for valid votes given 7,911,387 (78.4859% of the share capital with voting rights), out of which:
      - For: 7,911,387
      - Against: 0
    • Abstain: 0

  7. Approved the expenditure for the repair of the patrol vessel (PLS 125), which is vital for the security of the Port of Thessaloniki and the implementation of the ISPS Code of up to 55,000 euros plus V.A.T. The voting results on the 7th item were as follows:
    • Number of shares for valid votes given 7,911,387 (78.4859% of the share capital with voting rights), out of which:
      - For: 7,911,387
      - Against: 0
    • Abstain: 0

  8. By the proposal of TAIPED, the subject regarding the amendment of article 10 of the ThPA SA statute was not discussed and no decision was taken.

  9. Announcements
    The General Meeting ratified the appointment of Mr. Constantinos Tsiapakidis, Chairman of the Council of the Fourth Municipal Community of the City of Thessaloniki, as an independent non-executive member of the Board of Directors and representative of the municipality of Thessaloniki, in replacement of the resigned Deputy Mayor Mr. Georgios Dimarelos, in accordance with the decision number 816/2017 of the Municipal Council of Thessaloniki, for the rest of Mr. Georgios Dimarelos term, until 05/11/2019.

Thessaloniki Port Authority S.A. announces that, according to the Article 4.1.3.4 of the Athens Exchange Regulation and following the decisions of the Annual General Meeting of Shareholders on 7th July 2017, the dividend for the financial year 2016 amounts to 0,49 € per share, which dividend is subject to 15% withholding tax, net final amount payable will be 0,4165 € per share, in accordance with the provisions of paragraph 11 of article 112 of Law 4387/2016 as in force after the publication of Law 4389/2016 and its directives POL1068/2016.

The ex-dividend date was set on Monday, July 31, 2017. From this date, the Company's shares will be traded on the Athens Stock Exchange, without the right to receive a dividend.

The Record Date was set on Tuesday, August 1, 2017. According to the ATHEX regulations, the beneficiaries of the dividend are the investors who are registered in the DSS records as beneficiaries of the aforementioned Record Date.

The payment of the dividend was set on Friday, August 4, 2017, by the paying bank «Eurobank Ergasias SA» as follows:

  1. Through the operators of securities accounts in the DSS, for those shareholders who have authorized their operators to collect the dividend.
  2. By depositing in the International Bank Account Number (IBAN), where the investor has declared that he wishes to receive the distributed amounts according to article 13 of the DSS Operation Regulation and the decision No. 6 of BoD of ATHEXCSD, as applicable to investors who do not wish to receive them through their operators. It concerns investors who have declared IBAN to the paying bank «Eurobank Ergasias SA».
  3. Through the branch network of «Eurobank Ergasias SA», for those shareholders who have requested the non-collection of dividends by their operators or have revoked the relevant authorization for DSS operators, or whose shares are held in the Special Account of ATHEXCSD. These shareholders will be able to collect the dividend either by themselves or by their legally authorized representatives at «Eurobank Ergasias SA» throughout its branch network by presenting their police Identity or the relevant authorization of the beneficiary with a verified signature by a Public Authority.

Dividends that will not be recovered within five (5) years are forfeited in favor of the Greek State.

For further information, the Company's Shareholders may contact the Company's Shareholders Financial Department (tel. 2310 593-320, ThPA Technical Service Building, Gate 11, Port of Thessaloniki).

In addition, the contact details of the paying bank "Eurobank Ergasias SA" are as follows: Domestic Markets Custody Operations Division, Corporate Actions Division, Iolkou 8 and Filiki Etairia 14234 N.Ionia, telephone numbers 21035.22.085 and 21035.22.270.