EXTRACTS OF MINUTES

OF THE 15th/21.5.2020 MEETING OF THE BOARD OF DIRECTORS

 

Item: - Resignation of BoD members

- New composition of BoD

- HEDNO S.A. representation – Assignment of responsibilities

The Board of Directors, following the resignations of its members on 20.5.2020 and 21.5.2020, Mr Ioannis Dimitriadis and Mr Dimitrios Santixis respectively, decided that the new composition shall be as follows (the capacity of each member is also set out):

  1.  Nikolaos Mpakatselos, father’s name Alexandros, Chairman of the BoD, independent non-executive member
  2. Anastasios Manos, father’s name Georgios, CEO, executive member,
  3. Socrates Vertellis, father’s name Dionysios, Consultant, independent non-executive member,
  4. Christina Lappa, father’s name Athanasios, Consultant, independent non-executive member,
  5. Masouras Konstantinos, father's name Theofanis, Consultant, non-executive member, Representative of Employees,
  6. Aikaterini Onoufriadou, father’s name Odysseas, Consultant, independent non-executive member,
  7. Elias Padouvas, father’s name Emmanuel, Consultant, independent non-executive member.

The term of all six board members will end on 16.10.2022.

The term of the employees’ representative will end on 27.6.2022.

Regarding the assignment of responsibilities - HEDNO S.A. representation, the following BoD decisions are in force and validated:

  1. 327/22.10.2015
  2. 139/5.12.2013, para. 3
  3. 46/18.4.2013.

-----------------------------------------------------------------

Item:  Approval of the Financial Statements for the period 01.01.2020 – 31.03.2020, in compliance with the International Financial Reporting Standards.

The Board of Directors approved the Financial Statements of HEDNO S.A. for the period 01.01.2020 to 30.06.2020, which have been drawn up in compliance with the International Financial Reporting Standards and include the following:

 

  1. Financial Statements, including:
  • Income Statement
  • Financial Position Statement
  • Total Income Statement
  • Cash Flow Statement
  • Changes in Equity Statement

 

  1. Notes accompanying the aforementioned financial statements and being an integral part thereof.

-----------------------------------------------------------------

Item:  Tender No. ΔΥΠΜ-513903/24.7.2019 for the sale of Cu Network conductors.

The above tender has been canceled.

The Board of Directors has approved the cancellation of tender No. ΔΥΠΜ- 513903/24.7.2019 for the sale of Cu Network conductors of a total indicative budgeted value of EUR 9,316,295.00, because the submitted bids have been deemed as financially non-advantageous for HEDNO S.A.

-----------------------------------------------------------------

Item:  Assignment to the company IBM Hellas S.A. of the supply of software licenses, the supply under the form of an Infrastructure environment Service (IBM Mainframe z Series and disc sub-system) for hosting the HEDNO S.A. HERMES Information System, the supply of software upgrading services for the HERMES System, the supply of disaster recovery services of the HERMES System environment and the maintenance of software produced by IBM.

The Board of Directors approved the appointment of IMB Hellas S.A. as provisional contractor for the supply of software licenses, the supply under the form of an Infrastructure environment Service (IBM Mainframe z Series and disc sub-system) for hosting the HEDNO S.A. HERMES Information System, the supply of software upgrading services for the HERMES System, the supply of disaster recovery services of the HERMES System environment and the maintenance of software produced by IBM.

-----------------------------------------------------------------