Banner 1

News

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

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 19th  May 1008,

 

hereby invites

 

its Shareholders according to the Law  and of the Company's Memorandum of Association to the Ordinary General Meeting that will take place on Friday 20th 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 Meeiting of 1/3/2007- Dividend payment to the GreeK State for the year 2000.

 

7. 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 19th May 2008

 

BOARD OF DIRECTORS

The submission of dossiers of the international tender for the concession of the container terminal of Th.P.A. SA. Was succesfylly completed nn Wednesday 14th May.

Three (03) dossiers have been submitted by global port operators. Particularly dossiers have been submitted by:

1. COSCO PACIFIC LIMITED

2. The Consortium PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY (P&O) – AKTOR CONCESSIONS SA – PIRAEUS BANK SA

3. The Consortium HUTCHISON PORT HOLDING LIMITED -HUTCHISON PORTS INVESTMENTS S.A.R.L. – ALAPIS HOLDING, INDUSTRIAL & COMMERCIAL SA – L.Y.D. SA

COSCO PACIFIC LIMITED is subsidiary of China Ocean Shipping (Group) Company ("COSCO"). It is the fifth (5th) biggest global port operator with presence in 27 port terminals and 39,8 million TEUs throughput for 2007.

Dubai Ports World, which is participating through its subsidiary PENINSULAR & ORIENTAL STEAM NAVIGATION COMPANY (P&O), is one of the biggest port operators in the world with 43 terminals in 28 countries, and 42 million TEUs throughput for 2006. The consortium also comprises of AKTOR CONCESSIONS SA and PIRAEUS BANK SA.


HUTCHISON PORT HOLDING LIMITED and HUTCHISON PORTS INVESTMENTS S.A.R.L. are subsidiaries of the Hutchison Whampoa Limited (HWL) Group, the biggest port operator world wide with presence in 24 countires, 47 ports, and 66,3 million TEUs throughput for 2007. The consortium also comprises ofALAPIS HOLDINGINDUSTRIAL & COMMERCIAL SA and L.Y.D. SA.

Tomorrow (Thursday 15th May), the scheduled meeting of the Evaluation Committee will take place for the opening of the dossiers. The Evaluation Committee has been set by the decision of the Board of Directors of Th.P.A. SA.

The first phase of the tender procedure has been successfully completed with the participation of the biggest global port operators (three of the top five worldwide). The commencement of the tender procedure justifies in full the governmental policy for the modernization of the port industry as well as the Th.P.A. SA management’s plans for the development of Thessaloniki’s port.

The Management of Th.P.A. SA believes that the participation of global container terminal operators in this tender consists a positive development for the port of Thessaloniki, as set in its strategic plan. The successful progress in the tender procedure can create the conditions for the port of Thessaloniki to develop into a solid regional in transit port with positive impact to commerce, to the local economy and community.