Alkis H. Hadjikyriacos (Frou Frou Biscuits) Public Ltd

27 May 2022

Re: Annual General Meeting of the shareholders of Alkis H. Hadjikyriacos (Frou Frou Biscuits)
Public Ltd

Dear Sirs,
The Annual General Meeting of the shareholders of Alkis H. Hadjikyriacos (Frou Frou Biscuits)
Public Ltd was held on 27 May 2022 via teleconference. The Annual General Meeting:
1. Approved the Annual Management Report and the Financial Statements of the Group
for the year ended 31 December 2021.
2. Approved the proposal of the Board of Directors for the payment of a dividend of
€125,000 (2020: €630,000) which corresponds to €0.0013 cents per share (2020:
€0.0064 cents) or 0.49% (2020: 2.45%) on the nominal value of the Company’s share
capital. The proposed dividend corresponds to a dividend yield of 0.42% on the
average closing price of the share of €0.31 as at 31 December 2021 (2020: €0.28).
Beneficiaries of the dividend will be the shareholders who will be registered in the
records of the Cyprus Stock Exchange on 17 June 2022 (Record date). Therefore, the
ex-dividend date will be 16 June 2022. The dividend will be paid and posted to the
shareholders by 1 July 2022 (payment date) and the exact date will be announced.
3. Board Members, Messrs. Alkis H. Hadjikyriacos, Charis M.A. Hadjikyriacos, Nicos M.
Hadjikyriacos, Christos M. Hadjikyriacos, Ariana Hadjikyriacou, Costas G. Eliades,
Chrysis Christopoulos, Christodoulos Christodoulou, Christina Mylona and Toulla
Trifylli retired and were re-elected.
4. Approved the appointment of the members of the Company’s Audit Committee
pursuant to the provisions of the relevant legislation.
5. Approved the remuneration of the Board members, which will be the same as that of
2013.
6. Since Ernst & Young Cyprus Ltd, auditors, have submitted a request for payment of
remuneration for 2022 higher than that of the previous year, it was decided that the
Board of Directors proceed with obtaining quotations for external audit services. Upon
examining and assessing the quotations to be received, a decision will be made on the
audit firm which will be assigned with the provision of external audit services and their
remuneration will be fixed for 2022.
Extraordinary General Meeting
Furthermore, the Extraordinary General Meeting, which was held immediately after
the end of the business of the Annual Ordinary General Meeting approved the special
resolution authorizing the Board of Directors to establish a Share Buyback Scheme for
a 12-month period pursuant to the provisions of the Companies Law, Cap.113 (the
“Law”).
Yours,
FOR ALKIS HADJIKYRIACOS
(FROU FROU BISCUITS) PUBLIC LTD
Ariadne Samouel
CFO