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Thessaloniki Port Authority S.A. announces the voting results during  the Annual General Meeting of the Company’s Shareholders that was held on 10th June 2016 at the Warehouse D’, 1st Port Pier where  was attended in conformity by 13  shareholders, attending either in person or by proxy and representing 8.058.979 shares, i.e. 79,9502% of the Company’s paid-up share capital, as follows:
1.     Approved the Annual Financial Statements for the 16th fiscal year (01.01.2015  to 31.12.2015), 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 8.055.860  (79,9192% of the share capital with voting rights), out of which:
-    For: 8.055.860
-    Against: 0
•    Abstain: 3.119
2.    Approved the distribution of dividend to the company’s Shareholders which amounts to 0,58 euro per share, which dividend is subject to 10% withholding tax, and therefore the net final amount payable will be 0,522 euro per share. The Ex-dividend date was set for 18th July 2016, the Dividend beneficiaries "Record date" was set for 19th July 2016 and the dividend shall be paid on 22th July 2016. The voting results on the 2nd  item were as follows:    
•    Number of shares for valid votes given 8.055.860 (79,9192% of the share capital with voting rights), out of which:
-    For: 8.053.160
-    Against: 2.700
•    Abstain: 3.119
3.    Approved the release of the Board of Directors members and of the Company’s Independent Auditors from any and all liability regarding the proceedings of the Company’s 16th fiscal year. The voting results on the 3rd  item were as follows:    
•    Number of shares for valid votes given 8.055.860 (79,9192% of the share capital with voting rights), out of which:
-    For: 8.055.860
-    Against: 0
•    Abstain: 3.119
4.    Approved the assignment of the Company’s regular audit for the current accounting period to the auditing firm “ERNST & YOUNG (GREECE) CHARTERED AUDITORS – ACCOUNTANTS S.A.” having its registered office in Athens, 11th kl.Athens–Lamia national road 14451, Metamorfosi, with Company ICPA Reg. No. 107.
The voting results on the 4th item were as follows:
•    Number of shares for valid votes given 7.969.272 (79,0602% of the share capital with voting rights), out of which:
-    For: 7.605.060
-    Against: 364.212
•    Abstain: 89.707
5.    Approved the fees – remunerations paid to BoD members of the fiscal year 2015, 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 7.969.272 (79,0602% of the share capital with voting rights), out of which:
-    For: 7.605.060
-    Against: 364.212
•    Abstain: 89.707
6.    HRADF proposed according to Codified Law 2190/1920 as in force, item 6 of the agenda to  be postponed and by 8.055.860 valid votes representing 79,9192% of the paid-up share capital, and approved, the decision on item 6 of the Agenda concerning- Election of new Board members- to be taken on  July  08, 2016 at the Warehouse D’, 1st Port Pier 13:00 .
7.     Approved the expenditure
- For the studies relating to the completion of the project " Vertical axis 56th Egnatia Odos : Completion work  connection of the sixth pier of the Thessaloniki with highway of Pathe and Egnatia Odos " in the amount of € 400,000 when they are contracted .
- The payment of the cost of management studies by the company " Egnatia Odos SA" of 10% of the remuneration of the studies.
- For the reconstruction of the building of Apentomotiriou for creating Infrastructure Phyto - sanitary control in port of Thessaloniki , in order to ensure the accreditation of THPA as Designated Port Entry and to ensure the optimal public health. The voting results on the 7th item were as follows:
•    Number of shares for valid votes given 7.969.272 (79,0602% of the share capital with voting rights), out of which:
-    For: 7.544.743
-    Against: 424.529
•    Abstain: 89.707
8.    Announcements
HRADF approved the election of Mr. Aggelou Vlachou, Mr. Panagioti Kardara and Mr. Dimitriou Bika as a new members of the Board of Directors - during the Board Meetings 6278 dated 01.07.15 and 6378 dated 23.10.15- in replacement of the resigned members Mr. Alexandrou Chlorou, Mr Anastasiou Kardara and Mr George Lazaridi. Also ratified the appointment of Mr . Konstantinos Karoulis (Proxy of the Economic and Social Council) as independent non- executive member of the Board.  
The CEO of THPA SA k.Dimitrios Makris raised the question of refugees temporarily staying in the port of Thessaloniki as an “informal structure”.

THPA S.A. announces during the Ordinary General Meeting of the Shareholders of the Company dated 10th  of June  2016, the election of Mr. Aggelou Vlachou, Mr. Panagioti Kardara and Mr. Dimitriou Bika as a new members of the Board of Directors - during the Board Meetings 6278 dated 01.07.15 and 6378 dated 23.10.15- in replacement of the resigned members Mr. Alexandrou Chlorou, Mr Anastasiou Kardara and Mr George Lazaridi.
Also at the same meeting ratified the appointment of Mr . Konstantinos Karoulis as independent non- executive member of the Board.

Invitation to the General Ordinary Shareholders' Meeting 2016 and related information

Invitation [pdf]

Related information [zip]

The Board of OLTH SA approved today 31/03/2016 the Financial Report for the period of 1/1/2015-31/12/2015.

  • The company’s turnover at the period of 01/01/2015 to 31/12/2015 amounted to 50.881.605€ against 54.831.478€ at the same period in 2014, exhibiting a decrease by 7,20%, which is mainly due to the reduction of conventional port sales by 17,16%
  • Container Terminal handled 351.741 containers (TEU’s), throughput increased by 0,50% at the period of 01/01/2015 to 31/12/2015, against   the same period in 2014.
  • The reduction of trafficking in conventional cargo, mainly in the second half of 2015, by 15,34 % due to the sharp drop in international prices of minerals, such as nickel , and the sharp drop in demand for steel products, which brought the suspension of operation of a large steel industry, which was major customer of the company.
  • In the context of the adverse economic environment and despite the bank holiday imposed on the country on 28.06.2015, the Company continued to perform trouble-free operations.
  • The income from exploiting the company's capital decreased by 47,11% due to the sharp decline in interest rates over 50%
  • The Company successfully continued its policy of restricting costs which fell by 3,20%.
  • The Company despite the negative development of trafficking of Conventional cargo and the significant decrease in financial income maintain high profitability indicators. Specifically:
  • Gross profit amounted to 24.333.039€ against 26.529.142€  in 2014(-8,28%).
  • The operating profit (EBITDA) at the period of 01/01/2015 to 31/12/2015 amounted to 26.861.416€ against 29.424.347€ in 2014 (-8,71%).
  • Earnings before taxes amounted to 24.514.352€ against 28.388.514€ in 2014 (-13,65%), while after-tax results amounted to 17.915.016€ against 21.300.404€ in 2014 (-15,89%), which is attributed to the increase of the tax rate.
  • Profits remain high as a percentage of the total turnover with gross profit amount to 47,82%, operational profit to 52,79%,profit before taxes to 48,18% and profit after taxes to 35,21%.

 

THPA SA CHIEF EXECUTIVE OFFICER DIMITRIOS MAKRIS STATEMENT
ThPA SA despite the adverse economic climate of 2015, that  negatively affected the movement of Conventional cargo, remains a highly profitable company for its shareholders, with strong profitability indicators. Implemented a major investment program to modernize equipment and infrastructure to service the load. With the cooperation of management and employees the company is able to continuously improve its services to its customers and to implement its ambitious development planning.

THPA S.A. announces that at the meeting of the company’s BoD on 17/12/2015, appointed by the the Economic and Social Council of Greece (E.S.C.) as the representative of BoD, Mr Konstantinos Karoulis as independent non-executive member.

THPA sa announces that Mr. Gavriil  Kokkinos was appointed as Internal Auditor of the Company since 01/12/2015 (Company's Board of Directors 6410/20.11.2015 decision).