PUBLIC POWER CORPORATION SOCIETE ANONYME' announces that the first Annual General Meeting of the shareholders, which was accomplished on Wednesday the 4th of June, 2003, decide on the following:
- Approved after the hearing of the reports of the Board of Directors and of the certified accountants of PPC's and the group’s financial statements of the fiscal year 1.1.2001 - 31.12.2002 .
- Released the members of the Board of Directors and of the auditors from any liability for compensation concerning the financial statements, the administration of the Company and the consolidated financial statements for the fiscal year 1.1.2001 to 31.12.2002.
- Resolved the payment of dividend of 204,160,000 Euro for the fiscal year 1.1.2001 to 31.12.2002 and the payment by cheques of the remaining amount of 116,000,000 Euro, that is 0.50 Euro per share taking into account the payment in 2002 of the interim-dividend of 0.38 Euro per share, a amount of 88,160,000 Euro. On June 5, 2003 the shares will be traded on the Stock Exchanges ex-dividend. The payment will be held in July, 2003.
- Approved the appointment of the company's auditors for the audit of the financial statements and the consolidated financial statements for the next fiscal year from 1.1.2003 to 31.12.2003 and approved their remuneration.
- Approved the remuneration of the Members of the Board of Directors of the company concerning the fiscal year from 1.1.2001 to 31.12.2002.
- Renew the contract of the Managing Director of PPC S.A.
- Approved the distribution of a bonus to the employees of PPC S.A.
Athens, June 4, 2003