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

May 30, 2024

Dear Sirs,
The Annual General Meeting of the shareholders of Alkis H. Hadjikyriacos (Frou Frou
Biscuits) Public Ltd was held on 30 May 2024 via teleconference. At the Annual General
Meeting the following business was transacted:
1. Approval of the Annual Management Report and the Financial Statements of
the Group for the year ended 31 December 2023.
2. Approval of the proposal of the Board of Directors for the payment of dividend
of €1,285,189 (2022: €900,000) which corresponds to €0.0130 per share (2022:
€0.0091) or 5.00% (2022: 3.50%) on the nominal value of the Company’s share
capital. The proposed dividend corresponds to a dividend yield of 4.48% on the
average closing price of the share of €0.29 as at 31 December 2023 (2022:
3. Beneficiaries of the dividend will be the shareholders registered in the records
of the Cyprus Stock Exchange on 14 June 2024 (Record date). Therefore, the exdividend
date will be 13 June 2024. The dividend will be paid and posted to the
shareholders by 5 July 2024 (payment date). The exact date will be announced
in due course.
4. Board Members, Messrs. Alkis H. Hadjikyriacos, Haris A. Hadjikyriacos, Nicos A.
Hadjikyriacos, Christos A. Hadjikyriacos, Ariana A. Hadjikyriacou, Costas G.
Eliades, Chrysis Christopoulos, Christodoulos Christodoulou, Christina Mylona,
Toulla Trifylli and Ariadne Samouil retired and were re-elected.
5. Approval of the appointment of the members of the Company’s Audit
Committee in accordance with the provisions of the relevant legislation.
The Company’s Audit Committee is composed of the following members:
Ms Sofia Miltiadou – Chair – Independent
Mr. Charis Frangoulides – Member – Independent
Mr. George Pouros – Member – Independent
6. Approval of the remuneration of the Board members, which remains the same
as in 2023.
7. Approval of the re-appointment of the auditors, KPMG Ltd, and authorisation of
the Board of Directors to determine their fees.
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 authorising 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”).
Ariadni Samouel