ABSTRACT OF MINUTES
OF THE 30th/17.12.2015 MEETING OF THE BOARD OF DIRECTORS

Subject: Organization of festivities for the personnel and schedule for the provision of gifts to their children with the occasion of Christmas and New Year season 2015-2016.

The Board of Directors decided the organization of festivities for the personnel and approved the schedule for the provision of gifts to their children with the occasion of Christmas and New Year season 2015-2016.


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Subject: Continuance of the Choir operation with the distinctive title “PPC–HEDNO Choir” for the year 2016.

HEDNO’s Board of Directors decided the continuance of the Choir operation under the distinctive title “PPC-HEDNO Choir” for the year 2016, with maximum budget of 70,000 euros that will be divided between PPC S.A. and HEDNO S.A. proportionally with a percentage of 60% and 40% respectively, taking into account the suppression of expenses and the optimization of the communication results. Also, PPC S.A. will proceed to the recruitment under open procedure for the art director of the choir with maximum budget of 20,000 euros that will be divided proportionally with a percentage of 60% for PPC S.A. and 40% for HEDNO S.A. based on the elements mentioned above.

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