Announcements 2015
INTERNAL AUDITOR REPLACEMENT
ALPHA TRUST ANDROMEDA S.A. informs investors that, as of 1 January 2016, Ms. Eleni Routsi, has been entrusted with the duties of the company’s Internal Auditor, replacing Mr. Antonios Tournatzis.
Kifissia, December 31, 2015
ANNOUNCEMENT
ON THE PRESCRIPTION OF DIVIDEND OF THE FISCAL YEAR 2009
The Company ALPHA TRUST- ANDROMEDA S.A. would like to inform Shareholders that the five-year deadline for collecting the dividend for the fiscal year 2009 expires on December 31, 2015. The Shareholders of the Company who are entitled to receive the dividend of the fiscal year 2009 and who for any reason have not yet collected it, are requested to proceed to its collection until 31.12.2015.
Following this date, the claim for the dividend of the fiscal year 2009 that will not have been collected by their beneficiaries, will be prescribed in favour of the Greek state, according to the legislation in force.
For any further information, Shareholders may contact our Investors Relations Department on business days and hours (tel. +210 6289200).
Kifissia, November 30, 2015
ANNOUNCEMENT
TAX CERTIFICATE FOR THE FY 2014
ALPHA TRUST-ANDROMEDA S.A., in application of the provisions of par. 4.1.3.1. of the Athens Stock Exchange Rulebook, informs the investment community that the tax audit for the year 2014, pursuant to article 65α of law 4174/2013, which was operated by the Ordinary Certified Auditor-Accountant, was completed and a tax certificate with a conclusion without any reservation was issued.
Kifissia, November 5, 2015
PRESS RELEASE
9Μ 2015 FINANCIAL RESULTS
ALPHA TRUST ANDROMEDA S.A. released its financial results for the nine month period of 2015 under the International Financial Reporting Standards.
Following a five week holiday, the Greek stock market has presented an intense volatility in the third quarter of 2015. Some important events that took place in the previous period include the new agreement with the European Stability Mechanism, which is going to secure the country’s financing if the Program is implemented, as well as the elections of 20/9 resulting in the cooperation government.
The macroeconomic and microeconomic aggregates have shown a remarkable resilience thus suggesting that the Greek economy may be less affected by capital controls compared to the pessimist expectations of some analysts.
In the forthcoming period, the government’s priorities include the positive assessment of the program’s implementation progress and the successful recapitalization of banks.
In the nine month period of 2015, ALPHA TRUST – ANDROMEDA S.A. marked losses after tax amounting to euro 0.945 mil., compared to losses after tax amounting to euro 0.391 mil. in the respective period last year. The Company’s gross income stood at approximately euro -0.563 mil. in total, resulting from portfolio revenues, losses from the purchase and sale of securities and mainly from losses from the valuation of securities at fair values based on IFRS.
The Company’s return was -10.14% from the beginning of the year, against returns of -28.35% recorded by FTSE/Χ.Α. Large Cap, 5.75% recorded by FTSE/Χ.Α. MID CAP and -20.82% recorded by the General Index of the ATHEX for the same period.
ANDROMEDA’s assets at the end of the nine month period stood at euro 8.38 mil while the Company’s portfolio in current prices was totally invested in Greece, by approximately 85.53% in stocks, 6.72% in bonds and by 7.75% in cash reserves.
The Company’s net asset value per share at the end of the nine month period stood at euro 20.06 while its share price at euro 15.10, thus trading at a discount of 24.73%.
The Company’s top ten equity holdings at the end of the nine month period consist of TITAN, THRACE PLASTICS, QUEST HOLDINGS, OPAP, MOTOR OIL, PLAISIO COMPUTERS, OTE, SARANTIS, AEGEAN AIRLINES and FOLLI-FOLLIE.
Kifissia, October 29, 2015
PRESS RELEASE
6Μ 2015 FINANCIAL RESULTS
ALPHA TRUST ANDROMEDA S.A. released its financial results for the first semester 2015 under the International Financial Reporting Standards.
The Greek stock market has presented high levels of volatility, following the course of negotiations between the government and the Institutions as well as the constantly changing expectations regarding the reaching of an agreement. The eventual failure to reach agreement with our partners before the end of the assistance program at the end of June, combined to the announcement regarding the referendum and the lack of liquidity, have resulted in the imposition of capital controls, bank holiday and a suspension of operation of the Athens Stock Exchange. Uncertainty and lack of liquidity following the imposition of capital controls have a negative impact in fiscal and macroeconomic aggregates. The reaching of an agreement with our partners in the following weeks, the voting and implementation of reforms as well as the elimination of uncertainty in the political, economic and social level, are deemed as the necessary conditions for the return of the Greek economy in normality.
For the first semester of 2015, ALPHA TRUST – ANDROMEDA S.A. marked losses after tax amounting to euro 0.388 mil., compared to earnings after tax amounting to euro 0.590 mil. in the respective period last year. The Company’s gross income stood at approximately euro -0.122 mil. in total, mainly resulting from losses from the valuation of securities at fair values based on IFRS and losses from the purchase and sale of securities.
The Company’s return was -4.16% from the beginning of the year, against returns of -3.47% recorded by the General Index of the ATHEX, -8.93% recorded by FTSE/Χ.Α. Large Cap, 19.51% recorded by FTSE/Χ.Α. MID CAP and -2.21% recorded by the Total Return Index of the ATHEX for the same period.
ANDROMEDA’s assets at the end of the semester stood at euro 8.93 mil while the Company’s portfolio in current prices was totally invested in Greece, by approximately 87.94% in stocks, 4.07% in bonds and 7.99% in cash reserves.
The Company’s net asset value per share at the end of the semester stood at euro 21.39 while its share price at euro 14.80, thus trading at a discount of 30.81%.
The Company’s top ten equity holdings at the end of the first semester consist of TITAN, THRACE PLASTICS, QUEST HOLDINGS, PLAISIO COMPUTERS, OTE, JUMBO, SARANTIS, AEGEAN AIRLINES, OPAP and ELBE.
Kifissia, July 30, 2015
APRIL 2015
Kifissia, April 27, 2015
PRESS RELEASE
Q1 2015 FINANCIAL RESULTS
ALPHA TRUST ANDROMEDA S.A. released its financial results for the first quarter 2015 under the International Financial Reporting Standards.
The Greek stock market was the only bear market in Western Europe in the first quarter of 2015 while the other European stock markets have soared following the start of the quantitative easing by the ECB. The extension of the negotiation procedure between the new government and its creditors, with a final agreement still to be reached, has also added to the intense volatility of the domestic market. At a macroeconomic level, the Greek economy grew by 0.7%, while the primary surplus reached 0.3% of GDP for 2014. Regarding the results of listed companies for the financial year 2014, it seems that the restructuring efforts were successful in many cases, given that their operating results have improved, despite the marginal increase in sales.
For the first quarter 2015, ALPHA TRUST – ANDROMEDA S.A. marked losses after tax amounting to euro 0.287 mil., compared to earnings after tax amounting to euro 1.093 mil. in the respective period last year. The Company’s gross income stood at approximately euro -0.160 mil. in total, mainly resulting from losses from the valuation of securities at fair values based on IFRS and losses from the purchase and sale of securities.
In the first quarter, the Company’s return was -3.08% against returns of -6.14% recorded by the General Index of the ATHEX, -13.16% recorded by FTSE/Χ.Α. Large Cap, 3.36% recorded by FTSE/Χ.Α. MID CAP and -5.89% recorded by the Total Return Index of the ATHEX.
ANDROMEDA’s assets at the end of the quarter stood at euro 9.03 mil while the Company’s portfolio in current prices was totally invested in Greece, by approximately 91.91% in stocks, 1.50% in bonds and by 6.59% in cash reserves.
The Company’s net asset value per share at the end of the quarter stood at euro 21.63 while its share price at euro 18.00, thus trading at a discount of 16.78%.
The Company’s top ten equity holdings at the end of the first quarter consist of INFORM P. LYKOS, TITAN, QUEST HOLDINGS, THRACE PLASTICS, PLAISIO COMPUTERS, OTE, AEGEAN AIRLINES, SARANTIS, OPAP and MYTILINAIOS.
Kifissia, April 20, 2015
General Shareholders’ Meeting decisions
We would like to inform you that the First Repeat Ordinary General Shareholder’s Meeting of the Company ALPHA TRUST- ANDROMEDA S.A. was held on 20.04.15 at 09:00:00 AM at the Company’s offices (21 Tatoiou str, Kifissia). The Shareholder’s Meeting was attended by 53 shareholders or their representatives holding 223,757 shares, thus forming a quorum with a percentage of 53.58% of the Company’s share capital.
The issues on the agenda which were discussed are the following:
Announcement in view of approval of the election and capacity of a new Member of the Board of Directors in replacement of a resigned member.
Approval of the appointment of a Member of the Audit Committee pursuant to article 37 of law 3693/2008.
Submission and approval of the Financial Statements, the distribution of earnings for the fiscal year 01.01.14 – 31.12.14 and of the Annual Reports of the Board of Directors and the Auditors.
Discharge of the members of the Board of Directors as well as the Auditors from any liability for their activity during the fiscal year 1.1.2014-31.12.14.
Selection and appointment of a Certified Auditor and his/ her alternate for the fiscal year 2015 and determination of their fees.
Election of a new Board of Directors and determination of the capacities of its members.
Appointment of the Audit Committee pursuant to article 37 of law 3693/2008.
Determination of the remuneration of the members of the Board of Directors – Approval of their remuneration for the previous fiscal year.
Approval of the participation of the members of the Board of Directors to the Boards of Directors of other companies with similar objectives, according to article 23, par. 1 of Codified Law 2190/1920 as currently in force.
10. Approval of assignment contracts according to the provisions of article 23a of Codified Law Ν. 2190/1920 and article 32 of Law 3371/2005.
Amendment of articles 1 and 3 of the Articles of Association, regarding the harmonisation with the provisions of law 4209/2013 on Alternative Investment Fund Managers.
12. Various announcements.
On the first point on the agenda, the General Meeting has unanimously, with 223,757 votes (53.58% of the share capital), approved the election of Mr. Alexios Soultogiannis as independent non executive member of the Board of Directors, in replacement of Mr. Anthimos Thomopoulos (resigned), decided by the Board of Directors in its meeting dated 15/12/2014, applicable from 1/1/2015.
On the second point on the agenda, the General Meeting has unanimously, with 223,757 votes (53.58% of the share capital), approved the appointment of Mr. Anastasios Adam as the new member of the Audit Committee in replacement of Mr. Anthimos Thomopoulos, pursuant to article 37 of law 3693/2008.
On the third point on the agenda, the General Meeting has unanimously approved with 223,757 votes (53.58% of the share capital), the annual Financial Statements for the fiscal year 01.01.14-31.12.14 and more specifically, the Balance Sheet, the Income Statement, the Statement of Changes in Equity, the Cash Flow Statement, the distribution of earnings for the fiscal year, the annual report of the Board of Directors and the Certified Auditor’s report.
On the fourth point on the agenda, the General Meeting approved via a vote by roll call, with 223,757 votes (percentage of 53.58% of the share capital), the discharge of the members of the Company’s Board of Directors from any liability for the fiscal year 01.01.2014-31.12.2014 and expresses its acknowledgement for their services rendered to the Company.
Via a separate vote, the General Meeting has unanimously discharged, with 223,757 votes (percentage of 53.58% of the share capital), the Auditors from any liability for damages for this fiscal year.
On the fifth point on the agenda, the General Meeting unanimously elected with 223,757 votes (percentage of 53.58% of the share capital), an Ordinary and a Deputy Certified Auditor for the fiscal year 2015, and specifically Mr. Athanasios Katsakioris as Ordinary Certified Auditor and Ms Maria Demerouti as Deputy Certified Auditor, both from SOL S.A. audit firm and has determined their remuneration.
On the sixth point on the agenda, the General Meeting has unanimously elected with 223,757 votes (percentage 53.58% of the share capital), as members of the Company’s Board of Directors Mr. Alexander Zagoreos, Mr. Faidon –Theodoros Tamvakakis, Mr. Konstantinos Tzinieris, Mr. Nikolaos Kyriazis, Mr. Alexios Soultogiannis, Mr. Anastasios Adam and Mr James Edward Jordan.
The GM has unanimously, with 223.757 votes (percentage 53.58% of the share capital), appointed as independent members pursuant to law 3016/2002, as amended and currently in force, Mr. Nikolaos Kyriazis, Mr. Alexios Soultogiannis, Mr. Alexander Zagoreos, Mr. Anastasios Adam and Mr. James Edward Jordan.
The BoD’s term of office is three years and shall expire upon the Ordinary General Meeting of 2018.
On the seventh point on the agenda, the General Meeting has unanimously, with 223,757 votes (percentage 53.58% of the share capital), appointed an Audit Committee comprised of Mr. Nikolaos Kyriazis, Mr. Alexander Zagoreos and Mr. Anastasios Adam. Mr. Nikolaos Kyriazis, as independent non executive member, is an economist and university professor, he has worked for many years in the field of business management and has adequate experience in accounting and auditing.
On the eighth point on the agenda, the General Meeting unanimously, with 223,757 votes (percentage of 53.58% of the share capital) has:
a. approved the remuneration of the members of the Board of Directors for the fiscal year 2014,
b.pre-approved the remuneration of the members of the Board of Directors for the current year, and
c. approved the remuneration of the Managing Director for the current fiscal year.
On the ninth point on the agenda, the General Shareholder’s Meeting unanimously, with 223,757 votes (percentage of 53.58% of the share capital), granted permission, according to article 23 of Law 2190/1920, to the members of the Company’s Board of Directors as well as to the Chairman, the Vice Chairman and the Managing Director, to take either on their behalf or on the behalf of third parties, actions which are part of any of the objectives pursued by the Company, as well as to participate as general partners or as members of the Board of Directors in the Management of other companies pursuing identical or similar objectives to the ones of the Company.
On the tenth point on the agenda, the General Meeting unanimously approved and renewed for one year, with 223,757 votes (percentage of 53.58% of the share capital), according to the provisions of article 23a of Codified Law 2190/1920 and article 32 of Law 3371/2005, the following:
a) The Portfolio Management Agreement with ALPHA TRUST MUTUAL FUND and ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A. (a founding member of ALPHA TRUST- ANDROMEDA S.A.), which was renewed by the Ordinary General Meeting dated 24.04.14.
b) The Service Provision Agreement with ALPHA TRUST MUTUAL FUND and ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A. (a founding member of ALPHA TRUST- ANDROMEDA S.A.), which was renewed by the Ordinary General Meeting dated 24.04.14.
c) The Loan Agreement for a Salaried Employee with ALPHA TRUST MUTUAL FUND and ALTERNATIVE INVESTMENT FUND MANAGEMENT S.A. (a founding member of ALPHA TRUST- ANDROMEDA S.A.), which was renewed by the Ordinary General Meeting dated 24.04.14 and amended on 2/3/2015.
On the eleventh point on the agenda regarding the harmonisation with the provisions of law 4209/2013 on Alternative Investment Fund Managers, the General Meeting has unanimously, with 223,757 votes (percentage 53.58% of the share capital) approved
the amendment of par. 3 of article 1 (regarding the establishment – corporate name) and of article 3 in its entirety (objective) of the Articles of Association, as follows:
ARTICLE 1
ESTABLISHMENT – CORPORATE NAME
A Societe Anonyme with the corporate name “ALPHA TRUST – ANDROMEDA INVESTMENT TRUST S.A.” and distinctive title: ALPHA TRUST ANDROMEDA S.A. is hereby established.
The Company’s corporate name and distinctive title shall be faithfully translated in foreign languages.
The Company shall be governed by the provisions of Codified Law 2190/1920, law 3371/2005 and law Ν.4209/2013, as currently in force.
ARTICLE 3
OBJECTIVE
The Company’s objective is the exclusive management of transferable securities portfolios, pursuant to the provisions of law 3371/2005, 4209/2013 and complementarily 2190/20, as in force each time. In particular, the Company establishes an Alternative Investment Fund (AIF) in the sense of law 4209/2013 and assigns the entirety of its management, pursuant to article 6 par. 2b of law 4209/2013 exclusively to an external Alternative Investment Fund Manager, which complies with all conditions set forth by law 4209/2013.
The Company may cooperate with companies pursuing similar objectives or operating generally in the field of capital markets, and to participate in these, complying with the provisions of the legislation on portfolio investment companies and Alternative Investment Funds.
Furthermore, for completeness’ sake, the General Meeting unanimously approved the addition in article 40 of the Articles of Association of a reference to law 4209/2013, which governs the operation of the Company, as follows:
ARTICLE 40
All issues not provided for by the present Articles of Association shall be governed by the provisions of codified law 2190/1920, the provisions of law 3371/2005 and law 4209/2013.
Kifissia, April 20, 2015
Announcement regarding the constitution of the Board of Directors
The Company ALPHA TRUST – ANDROMEDA S.A. announces that its new Board of Directors that was elected following the First Repeat Ordinary General Shareholders’ Meeting dated 20.4.2015, met and was constituted as follows:
Alexander Zagoreos, Chairman of the BoD, independent non executive member
Faidon – Theodoros Tamvakakis, Vice chairman of the BoD, non executive member
Konstantinos Tzinieris, Managing Director, executive member
Alexios Soultogiannis, independent non executive member
Anastasios Adam, independent non executive member
James Edward Jordan, independent non executive member
Nikolaos Kiriazis, independent non executive member
The BoD’s term of office is three years and shall expire upon the Ordinary General Meeting of 2018.
FEBRUARY 2015
Kifissia, February 3, 2015
PRESS RELEASE FISCAL YEAR 2014 FINANCIAL RESULTS
ALPHA TRUST ANDROMEDA S.A. released its financial results for the fiscal year 2014 under the International Financial Reporting Standards.
Despite a positive start, in 2014 the Greek stock exchange was characterised by intense volatility and has finally recorded important losses.
The increased nervousness of emerging and regional markets caused by the conclusion of Fed’s quantitative easing measures and the rapid changes in exchange rates and oil prices, were combined with the return of the political uncertainty following the acceleration of the elections for the President of the Republic and the failure to elect one. The company’s portfolio did not manage to avoid negative returns. Nonetheless it has widened its overperformance vis-à-vis the market as a result of the timely decrease of its total exposure, particularly in the banking sector, as well as of the comparatively better course of its main options.
At the end of the fiscal year 2014, ANDROMEDA marked losses after tax amounting to euro 1.57 mil., compared to earnings after tax amounting to euro 1.23 mil. in the respective period last year. The Company’s gross income stood at approximately euro -1.04 mil. in total, mainly resulting from losses from the valuation of securities at fair values based on IFRS and losses from the purchase and sale of securities.
The Company’s return was -14.56% from the beginning of the year, against returns of -31.18% recorded by FTSE/Χ.Α. Large Cap, -33.75% recorded by FTSE/Χ.Α. MID CAP and -28.94% recorded by the General Index of the ATHEX for the same period.
The Company’s assets at the end of the fiscal year stood at euro 9.32 mil while the Company’s portfolio was totally invested in Greece, by approximately 82.02% in stocks, 2.52% in bonds and by 15.46% in cash reserves.
The Company’s net asset value per share at the end of the fiscal year stood at euro 22.32 while its share price at euro 17.33, thus trading at a discount of 22.36%.
On 02.02.15 the Company’s net asset value per share was euro 21.63, thus trading at a discount of 11.87%.
The Company’s top ten equity holdings at the end of the fiscal year consist of TITAN, INFORM P. LYKOS, QUEST HOLDINGS, OPAP, PLAISIO COMPUTERS, AEGEAN AIRLINES, THRACE PLASTICS, SARANTIS, OTE and MYTILINAIOS.
Kifissia, February 3, 2015
ANNOUNCEMENT OF THE FINANCIAL CALENDAR
In the framework of the proper and timely information of the investment community and pursuant to article 4.1.4.3.1. of the Athens Stock Exchange Rulebook, the Company ALPHA TRUST-ANDROMEDA S.A., notifies to the investment community its Financial Calendar for the year 2015, as follows:
– Announcement of the Annual Financial Report 2014: Wednesday, February 4, 2015
– Annual Ordinary General Shareholders Meeting: Friday, March 27, 2015.
– Announcement of the results of the first quarter of 2015: Tuesday, April 28 2015
– Announcement of the results for the first semester of 2015: Friday, July 31, 2015.
– Announcement of the results for the nine month period of 2015: Friday, October 30, 2015.
The Company reserves the right to change the above dates, following a timely information of the investment community via an amendment of the present announcement.