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The Company announces  that during its shareholders Ordinary General Meeting held on 30.6.2008 with the participation of nine (9)  shareholders, who represented 7,846,194 shares of the total amount of 10,080,000 shares, with the quota of 77.839226%, all the following resolutions were taken with the quorum of   77.839226%:

 

1) Approval of the annual financial statements for the 8th financial year (1.1.2007 to 31.12.2007), along with the Board of Directors and Auditors reports.

 

2) Approval of the allocation of available earnings, as proposed by the Company's Board of Directors and of a 0.46 € dividend  per share.

 

The ex-dividend date was set for 18.7.2008 and the dividend payment will be made as from 28.7.2008.

 

The dividend beneficiaries are the Company's shareholders upon the July 17, 2008 close of business at the Athens Stock Exchange.

 

As from Friday 18 July 2008, the Company's share will be negotiated at the Athens Stock Exchange without right to dividend for 2007. Shareholders may receive their dividend from any branch of EFG EUROBANK Ergasias starting Monday 28 July 2008, upon presenting their  identity card.

 

The dividend of shareholders who have designated EFG EUROBANK Ergasias as their account operator at the Dematerialised Securities System (SAT) will be credited to their accounts on Monday 28 July 2008.

 

3) Approval of the release of the members of the Board of Directors and of the Auditors from any liability for the activities of the management period from 1.1.2007 to 31.12.2007.

 

4) Assignment of the audit of the 9th financial year (1.1.2008 - 31.12.2008) to the auditing company B.D.O. Protypos Elegtiki S.A. and the  appointment :Vrasidas Damilakos  Licence Number 22791 and Georgios Batsoulis Licence Number 14001 as chartered auditors and: Sotirios Sokos Licence Number 17011 and Georgios Vretos Licence Number 15651 as deputy auditors.

 

5) Approval of the members of the Board of Directors remuneration for the year 2007 up until now, and pre-approval of the remunerations-compensations to be paid the next financial year.

 

6) Approval of the cancellation of the Extraordinary General Meeting's decision of the 1st March 2007, with reference to the share capital increase and the decision for the immediate dividend payment of fiscal year 2000 to the Greek State.

 

7) Approval of the amendment of the 27.6.2001 concession agreement between ThPA SA and the Greek State, regarding its duration, and the determination as concession duration the 50 years period instead of 40, and the concession of the exploitation right to 3rd parties for purposes related to port services provision. The amendment will take place with a new agreement between the Company and the Greek State.          

 

There were no announcements during the Ordinary General Meeting.

In answer to the 26/6/2008  question of Hellenic Capital market Commision, in regard to the development of the tender for the concession of the port Container Terminal , we inform the investment public that the company in the present phase examines the submitted objections.

It is estimated from the board, that the process will be completed before the end of July, under the condition that no juridicial resorts will arise.

Afterwards the company will advance in the B phase of the tender, more specifically to the unsealing of the technical and economic offers.

The company will inform the public for any development of the subject.

Invitation to the general ordinary shareholders meeting 

The Board of Directors of the Limited Company with the corporate name "ORGANISMOS LIMENOS THESSALONIKIS ANONYMI ETERIA [THESSALONIKI PORT AUTHORITY S.A." trading as THPA S.A. (LC Reg. No 42807/06/B/99/30), with registered offices in Thessaloniki, according to its decision on 8th  May 2008, has judged necessary the non realization of the Ordinary General Meeting of the shareholders decided for the 20th June 2008 and has allocated the date of the Ordinary General Meeting for the 30th of June 2008 with the addition of a new item on the agenda.

 
 
 
Consequently hereby invites again
 

Its Shareholders according to the Law and of the Company's Memorandum of Association to the Ordinary General Meeting that will take place on Monday 30th June 2008 at 13:00 p.m. in Thessaloniki, at Warehouse A, 1st Port Pier, on the following Agenda items:

 

AGENDA ITEMS

 
 

1. Submission and Approval of the Annual Financial Statements of the Company for the 8th fiscal year (01.01.2007 to 31.12.2007).

 

2. Appropriation of Annual Earnings and decision on the distribution of dividends to the Company shareholders.

 
 

3. Release of the Board of Directors members and of the Certified Auditors from any and all liability as regards the Proceedings of the Company's 8th fiscal year.

 

4. Appointment of Certified Auditors for the fiscal year 2008 and approval of their fees.

 
 

5. Approval of the fees - remunerations paid to BoD members during the fiscal year 2007 and approval of fees remunerations that will be paid in the next fiscal year.

 

6. Cancellation of the Decision of the Extraordinary Shareholders Meeting of 1/3/2007- Dividend payment to the Greek State for the year 2000.

 

7. Amendment of the 27.6.2001 Concession Agreement between the Th.P.A. SA and the Greek State.

 

8. Various announcements.

 

All shareholders of the Company have the right to participate in the meeting, either in person or by proxy. Each share gives right to one vote.

 

In order for the shareholders to participate in the General Meeting, they are required to:

  • Block all or part of their shares through their operator in the Intangible Titles System (ITS) or, in the event the said shares are placed in the ITS Special Account, through the Hellenic Exchanges S.A.(Central Securities Depository S.A.)
  • Submit to the Company (Public Relations, Investor Relations, Company Announcements and Investor Service Department, 1st Port Pier, tel. +2310 593-134 & 2310 593-128) the respective certificate of blocked shares at least five (5) days before  the General Meeting date.

The power of representation instruments should be submitted to the Company within the same deadline.

Thessaloniki 9th June 2008

BOARD OF DIRECTORS

The Board of Directors of ThPA SA on 28/5/2008 has approved the First Quarter Financial Statements for the fiscal year 2008 (1/1-31/3/2008) from which the following arise:
  • The cargo throughput, mainly unitized (Containers) presents significant decrease as to the First Quarter of 2007, because of the mobilization of the employees due to the on going tender process for the concession of the Container Terminal.
  • However, the turnover of the Company presents decrease of only 5.23% due to the services invoicing with the prices of the new invoice of ThPA SA implemented from 1/4/2007.
  • Still for this period the revenue from capital exploitation presents a significant increase (53%).
  • The expenses during the same period have been decreased by 6.12%, mainly due to the decrease of the personnel remuneration resulting from abstinence from overtime work and from work during Saturdays - Sundays.
  • With relation to the above data, the results before taxes have reached the amountof 2,912,680€, as to the amount of 2,517,345€ of the corresponding Quarter of 2007, they are increased by 395,335€, a 15,7% percent increase, while after taxes they have reached the amount of 1,623,209€ as to the corresponding Quarter of 2007 with a 24,42% percent increase.

Thpa sa announces that a presentation to analysts has taken place on Friday, May 23rd, 2008, at 14.00p.m., at the conference room of the company's Board of Directors, Pier A' of the Port of Thessaloniki, by the company's General Directors, Mr. A. Grigoriadis, General Director of the General Management of Operational Units, and Mrs. A. Voska, General Director of the General Management of Administrative and Financial Support.

 

During the presentation, a reference was made to the company's activities, to the strategic position of the Port and its comparative advantages compared to Balkan and European Union ports, to the designed and under-materialization investments of the company, as well as to the statistic elements and financial data of Thpa sa. For the fiscal year 2007 the financial data were evaluated as particularly satisfactory. 

 

As regards the results for the first quarter of the fiscal year 2008 the company's evaluations are positive. 

 

Following a previous announcement, Th.P.A. SA informs the investing public, that the share capital increase decided during the Extraordinary General Meeting of 1st March 2007 it has not been concluded because the Ministry of Development has not approved the increase.

The Ministry of Economy and Finance has already instructed ThPA SA, after an opinion of the State’s Legal Council, for the cancellation of the Extraordinary General Meeting’s decision and the dividend payment of fiscal year 2000 to the Greek State. The cancellation of the above mentioned decision will be on the shareholders Ordinary General Meeting agenda, which will be held on the 20th June 2008