LOUIS PLC
Announcement
Louis plc: Decisions of the Company's General Meeting dated 13 June 2019
Nicosia, 14 June 2019
19th Annual General Meeting
The Annual General Meeting of the shareholders of Louis plc was held today, 13 June 2019 at 5:00 p.m. at the Hilton Park Hotel, Nicosia.
The General Meeting decided as follows:
- (1) It adopted the Annual Report which included the Management Report, the audited financial statements for the year ended 31.12.2018 and the Corporate Governance Report (Annual Report).
- (2) It approved the re-election of retiring board members, Messrs. Iasonas Perdios, Christos Mavrellis and Theodoros Middleton.
- (3) It approved the Company's Remunerations Policy and the remuneration of the nonexecutive directors, which is maintained at €5,000 per year each.
The shareholders were also informed of the composition of the Committees of the Board of Directors pursuant to the Corporate Governance Code as follows:
1. Audit Committee
- Christos Mavrellis Independent, Non-executive Chairman
- Takis Taousianis Independent, Non-executive
- Theodoros Middleton Non-independent, Non-executive
- George Lysiotis Independent, Non-executive
2. Remuneration Committee
- George Lysiotis Independent, Non-executive Chairman
- Cleopatra Kitti Independent, Non-executive
- Christos Mavrellis Independent, Non-executive
3. Appointments Committee
- Theodoros Middleton Non-independent, Non-executive Chairman
- Kleopatra Kitti Independent, Non-executive
- Takis Taousianis Independent, Non-executive
4. Risk Management Committee
- Takis Taousianis Independent, Non-executive Chairman
- Christos Mavrellis Independent, Non-executive
- Theodoros Middleton Non-independent, Non-executive
- George Lysiotis Independent, Non-executive
5. Corporate Social Responsibility Committee
- Cleopatra Kitti Independent, Non-executive Chairwoman
- Louis Loizou Executive
- Theodoros Middleton Non-independent, Non-executive
In order to better inform investors, the Chairman, Mr. Costakis Loizou, presented and analysed the main developments and events of 2018 as well as the prospects for the current year. The Chairman's speech is attached (in Greek).