31st May 2007 13:56
Hellenic Telecomms Organization S A31 May 2007 HELLENIC TELECOMMUNICATIONS ORGANIZATION SA (OTE SA) THE SHAREHOLDERS OF THE HELLENIC TELECOMMUNICATIONS ORGANIZATION SA (REGISTRATION NUMBER 347/06/B/86/10) ARE HEREBY INVITED TO THE FIFTY-FIFTH (55th) ORDINARY GENERAL ASSEMBLY (FISCAL YEAR 1/1/2006 - 31/12/2006) Pursuant to the Law and the Articles of Association and following resolution no2785 of the Board of Directors, dated 29/05/2007 (agenda item 4), theShareholders of the Hellenic Telecommunications Organization SA are herebyinvited to the fifty-fifth (55th) Ordinary General Assembly, on June 21, 2007,at 16:00 hours, at the company's headquarters (99, Kifissias Ave - Athens), inorder to discuss and decide upon the following: 1. Submission for approval of the Management Report of the Board ofDirectors, and the Audit Reports prepared by Certified Auditors on thestand-alone annual financial statements and the consolidated annual financialstatements of OTE SA ended on 31/12/2006, including the annual financialstatements (both stand-alone and consolidated) of 31/12/2006. 2. Exoneration of the members of the Board of Directors and the Auditors ofall liability for fiscal year 2006, pursuant to article 35 of Codified Law 2190/1920 3. Appointment of Chartered Auditors for the fiscal year 2007 anddetermination of its fees. 4. Renewal of agreement for the covering of civil liability of members ofthe Board of Directors and the company's executive directors in the exercise oftheir responsibilities, duties or authorities. Delegation of signature. 5. Approval of remuneration paid to the members of the Board of Directors,the Audit Committee and the HR Remuneration Committee for fiscal year 2006 anddetermination of their remuneration for 2007. 6. Approval of the remuneration paid in 2006 to the Chairman of the Boardof Directors and CEO, determination of a special premium based on efficiency forfiscal year 2006 and determination of his remuneration for 2007. Approval of theamendment of the respective clause of his contract with OTE and delegation ofsignature. 7. Approval of the basic terms and conditions of a project to be assignedto a member of the Board, pursuant to article 23a of the Law 2190/1920, andauthorization to conclude such contract. 8. Approval of the spin-off of the branch of international installations andinternational cable infrastructures and of the licenses of OTE SA for the use ofthe INTEC-ITU pricing system and contribution to the affiliated company bearingthe corporate name "OTE International Solutions SA (OteGlobe), pursuant to theprovisions of the Law 2166/1993 and 2937/2001. Determinations of the clauses ofthe contribution agreement and appointment of the company delegate for thesignature of the agreement before a Notary Public. 9. Approval of a stock repurchase program, of OTE S.A, according to paragraph 5article 16 of the Law 2190/1920. 10. Appointment of five new Board members for a three-year term, followingtermination of office of equal number members to the 11-membered Board, pursuantto Article 9, para. 2 of the Articles of Incorporation and appointment ofindependent members of the Board of Directors.In order to participate, in person or by proxy, in the said Ordinary GeneralAssembly, Shareholders must have seen to the following: - If their OTE shares are not on their Depository Account, Shareholdersmust obtain from their Depository Participant certification evidencing ownershipof shares (which will not be tradable until conclusion of this General Assembly)and deposit such certification with the OTE Share Registration Office (1stfloor, 15, Stadiou Street - Athens) at least five (5) full days prior to theappointed date and time of the General Assembly - If their OTE shares are on their Depository Account, Shareholders mustobtain from the Hellenic Exchanges SA (former Central Securities DepositoryOffice SA) certification evidencing ownership of shares (which will not betradable until conclusion of this General Assembly) and deposit suchcertification as well as a duly authorized proxy form, with the OTE ShareRegistration Office (1st floor, 15, Stadiou Street - Athens) at least five (5)full days prior to the appointed date and time of the General Assembly MAROUSI, 30/05/2007 P. VOURLOUMIS CHAIRMAN OF THE BOARD - CEO This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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