LAMDA Development Regular Shareholders’ Assembly concluded

The regular general assembly of LAMDA Development S.A. shareholders was concluded today, 14 June 2001 in a central hotel of Athens.

The assembly approved all matters introduced by the Board in the Agenda as follows:

  1. The assembly approved the corporation’s annual statements from 1 January 2000 to 31 December 2000, and the payment of a 50 GRD (€ 0,15) dividend per share.
  2. The Board members and the Chartered Auditors were discharged of any liability arising from corporate activities from 1 January 2000 to 31 December 2000.
  3. The assembly approved the Chartered Auditors who will audit the annual statements from 1 January 2001 to 31 December 2001, and the fees to be paid for their services.
  4. The assembly approved the remuneration paid to the members of the Board from 1 January 2000 to 31 December 2000, and granted its preliminary approval for the remuneration to Board members from 1 January 2001 to 31 December 2001.
  5. The assembly approved the program offering stock options to company personnel and Board members.
  6. The assembly approved an increase of corporate stock realized by capitalizing the reserve account “Difference from issuing shares above par,” with a corresponding increase in the nominal value of each share, and also conversion to the euro and rounding of the nominal value of shares and of the overall corporate stock. The assembly also approved the proposed amendment to article 5 of the articles of incorporation as a result of the aforementioned stock increase and of the conversion to the euro.

In his statement Mr. Lambros Anagnostopoulos, LAMDA Development CEO, underscored that “Today, just one year after our company started operating, I am glad to tell you that we have accomplished more than we had planned. For our company, year 2000 was the beginning of a new era filled with important events which formulated its very character. In the forthcoming year 2001, having already achieved the up-listing from the Parallel Market to the Main Market of the Athens Stock Exchange, and making good use of the synergies arising from our participation in companies with complementary operations, LAMDA Development is well on its way toward being generally acknowledged as a model company.”