The Annual General Shareholders Meeting of Hellenic Fabrics S.A. held on Wednesday, June 21st 2006, was carried out with the participation of 71,31 percent of the company's share capital.
There was a unanimous approval of the Company's Annual Financial Statements in accordance with the International Financial Reporting Standards, for the fiscal year 01.01-31.12.2005, as well as of the Board of Directors' and the Auditors' Reports for the same period.
The General Meeting approved the contracting of a (non-convertible to shares) bond loan, amounting to € 10.000.000, which will be used for the reduction of the Company's short-term bank loans and the realization of its undergoing investment program.
The General Meeting approved a dividend distribution of € 1.369.222,70, which corresponds to € 0,10 per share and a dividend yield of 3,34 percent based on the closing share price at 30.05.2006.
Eligible to receive the aforementioned dividend will be the Company's shareholders listed at the end of the A.S.E.'s trading session of Thursday, 6th July 2006. From Friday, 7th July 2006, company shares will be traded in A.S.E., without the dividend right of the fiscal year 2005. The dividend payment date for the fiscal year 2005 was set on the 17th of July 2006.
Greece based indigo denim fabric maker Hellenic Fabrics produces a wide variety of denim fabrics, differing mainly in technical characteristics such as weight, yarn type, colour, texture etc.
Hellenic Fabrics S.A. Group
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