Each share of the Company has all the rights and obligations determined by Law and the Company's statutes. However, the statutes cannot contain more limitations than those anticipated by the Law. The possession of shares means, ipso facto, that the owners accept the Company's statutes and all legal decisions of the Board of Directors and the General Assembly, even if they did not participate.
The Company's statutes do not contain special rights in favor of specific shareholders.
The Company's shares are freely negotiable.
Based on the provisions of articles 39 and after of law 2396/96 as modified by laws 2533/97 and 2651/1998, the Company's shares were made intangible and registered to the electronic records of the Joint-Stock Company named «Central Depository of Securities» The activation of the above provisions for making the stocks intangible resulted from the decision 2.3.1999 of the Capital Market Committee.
The shareholder's responsibility is limited to the face value of the shares he possesses. Shareholders participate to the administration and profits of the Company according to the law and the provisions of the statutes. The rights and obligations resulting from the possession of shares are transferred to any general or specific successor of the shareholder.
Shareholders exert their rights pertaining to the administration of the Company only through the General assemblies.
Shareholders have a preference right in any future increase of the Company's share capital, in proportion to their stake, as determined in article 13, paragraph 5 of Coded Law 2190/1920.
The shareholder's creditors and their successors in no way can they initiate a confiscation of any Company's property or sealing of its accounting books, neither ask for its allotment or liquidation or mingle in any way to its administration or management.
Each shareholder, irrespective of where he lives, he is supposed to have as a permanent address the Company's headquarters as regards to his relations with it, and is subjected to the Greek legislation. For any dispute among the Company and the shareholders or any third party one should exclusively address the regular courts, and action can be brought against the Company only in front of the Courts of its headquarters.
Each share provides the right of one vote. Share co-possessors can vote in the General Assembly only if they designate a representative for the shares they have in common. Until they do so, their rights are suspended.
Each shareholder may participate to the Company's General Assembly either in person or through a plenipotentiary. In order to participate, a shareholder must submit a relevant certificate by the Central Depository of Securities (C.D.S), according to the provisions of law 2396/96, at least five (5) days before the date of the General Assembly. Within the same period he should also submit the receipt(s) of the share deposit and the documents of representation, and the shareholder should be given a receipt for his entrance to the General Assembly. Shareholders not following the above conditions, shall participate to the General Assembly only through a special permit from it.
Shareholders representing a 5% of the paid share capital:
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Have the right to ask for an audit from the Court of First Instance of the Company's headquarters, according to articles 40 , 40e of law
΅. 2190/1920 and,
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May ask for a Special General Assembly of the shareholders. The Board of Directors is obliged to summon an Assembly in a period not exceeding thirty (30) days from the date of submission of the request to the President of the Board. In their request, the shareholder(s) should mention the matters for which the General Assembly is called to decide upon.
Each shareholder may ask ten (10) days before the Regular General Assembly for the Company's annual financial statements and the relevant reports of the Board of Directors and the Auditors.
Each share's dividend is paid within two months from the date of the General Assembly which approved the annual financial statements. The way and place of the payment shall be made known through the Press.
Shareholders who neglect to ask the payment of their dividends, have no interest rights. Dividends not asked to be paid within five years from the claimable period, are annulled.