STET Hellas Extraordinary General Assembly of Shareholders Approves Telesoft Acquisition.Business/High-Tech Editors ATHENS--(BUSINESS WIRE)--Dec. 17, 2002 STET Hellas Telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. SA (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : STHLY; Amsterdam: STHLS) today announced that the adjourned Extraordinary General Assembly of the company's shareholders, initially scheduled for December 2, 2002, and held yesterday, resolved the announced agenda issues as follows: 1. Approval of the draft "Share Transfer Agreement" for the acquisition of the entirety The whole, in contradistinction to a moiety or part only. When land is conveyed to Husband and Wife, they do not take by moieties, but both are seised of the entirety. of Telesoft Hellas S.A's shares and appointment of the member(s) of the Board who will sign the "Share Transfer Agreement" Regarding the aforementioned a·fore·men·tioned adj. Mentioned previously. n. The one or ones mentioned previously. aforementioned Adjective mentioned before Adj. 1. issue of the Agenda, the Extraordinary General Assembly unanimously decided: a) to approve in principle the acquisition of the entirety of Telesoft Hellas S.A's shares b) to pre-approve in principle the basic terms of the Share Purchase Agreement c) to grant power and authorize To empower another with the legal right to perform an action. The Constitution authorizes Congress to regulate interstate commerce. authorize v. to officially empower someone to act. (See: authority) Mr. Nikolaos Varsakis, STET Hellas' Managing Director, and/or Mr. Ruggero Caterini, Chief Financial Officer of the company, to negotiate jointly or separately at their absolute discretion, in the name and on behalf of the company, with a representative of the Telesoft Hellas S.A the terms and conditions of the Share Transfer Agreement d) the Draft Share Purchase Agreement will be approved by a future General Assembly. Indicatively set as a term for inclusion in the final Share Transfer Agreement, was that the total purchase price will not exceed EURO 60,000. 2. Approval of the election of the new members of the Board of Directors By virtue of the resolution of the Extraordinary General Meeting, Mr. Attilio Achler, Mrs. Elisabetta Ripa and Mr. Stefano Rossi succeeded Mr. Giovanni Fiorillo, Mr. Giuseppe Sala and Mr. Giancarlo Ferrero respectively, for the remaining term of office expiring ex·pire v. ex·pired, ex·pir·ing, ex·pires v.intr. 1. To come to an end; terminate: My membership in the club has expired. 2. on July 30, 2005. Following the above resolution STET Hellas' Board of Directors is composed by the following members: o Stylianos Argyros, Chairman of the Board of Directors o Nikolaos Varsakis, STET Hellas' Managing Director and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. o Attilio Achler, Member o Giuseppe Roberto Opilio, Member o Roberto Pellegrini, Member o Elisabetta Ripa, Member o Stefano Rossi, Member. |
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