Resolutions of Annual General Meeting of AVAX SA – 02.07.2026
In accordance with paragraph 4.1.1 of the Euronext Athens Regulation, we announce the following:
The Annual General Meeting of AVAX SA (the “Company”) shareholders convened at 13:00 on Thursday 02.07.2026 at its headquarters on 16 Amarousiou-Halandriou Street in Marousi, Greece.
It should be noted that, in accordance with article 50 of Law 4548/20218, the rights to participate and vote in this General Meeting for the 1,101,079 own shares held in treasury by the Company on June 27, 2026 (record date) were suspended. Those own shares were excluded from quorum calculations.
Therefore, the quorum percentage was calculated on the total number of shares, minus the 1,101,079 treasury shares, i.e. on 147,220,437 shares (=148,321,516 – 1,101,079).
Shareholders representing 103,649,097 shares and voting rights, or 70.404% of the Company total, participated in the assembly.
Shareholders voted on the agenda as follows:
Agenda Item #1 : Approval of the Annual Financial Report, along with the Directors’ Report and the Auditors’ Review Report, for the 01.01.2025-31.12.2025 period
The General Meeting with 103,649,097 votes cast in favor (100% of the voting rights present), no votes cast against and no abstentions, approved the 2025 financial statements.
Agenda Item #2 : Approval of the appropriation of income for the 01.01.2025-31.12.2025 period along with relevant reports of the Board of Directors, and distribution of dividend
The General Meeting with 103,649,097 votes cast in favor (100% of the voting rights present), no votes cast against and no abstentions : Approved the appropriation of income for 2025, the formation of a capital reserve amounting to €39,446,452.41 under article 48 of Law 4172/2013 and a capital reserve amounting to €35,548,432.55 under article 9 of Law 4171/1961, thereby meeting the requirements of article 158 of Law 4548/2018, as well as the distribution of a gross dividend totalling €14,832,151.60 for fiscal year 2025, making use of cash drawn from the special capital reserve formed under article 48 of Law 4172/2013.
The gross dividend per share for fiscal 2025 amounts to €0.10 with a 5% withholding tax levied on it, ie €0.005 (=€0.10 X 5%), hence the net dividend per share amounts to €0.095.
It should be noted that by Law any own shares held by the Company are not eligible for receiving dividend.
Shareholders eligible for receiving dividend for financial year 2025 are those on the Company’s shareholder register according to the records of the Dematerialised Securities System of Euronext Securities Athens on Wednesday 22.07.2026 (record date), while the ex-dividend date has been set to Tuesday 21.07.2026.
The cash distribution to beneficiaries will be made through Euronext Securities Athens on Monday 27.07.2026.
Agenda Item #3 : Submission by the Audit Committee of the Annual Activity Report for 2025, according to paragraph 1(i) of article 44 of Law 4449/2017 (agenda item not put to a vote)
The Audit Committee’s Activity Report for fiscal year 2025 was submitted in accordance with article 44, paragraph 1, subparagraph i, of Law 4449/2017, without being put to a vote.
Agenda Item #4 : Submission by Independent, Non-Executive Members of the Board of Directors of the Annual Report for 2025, according to paragraph 5 of article 9 of Law 4706/2020 (agenda item not put to a vote)
The Report of Independent Non-Executive Members of the Board of Directors for fiscal 2025 was submitted in accordance with article 9 paragraph 5 of Law 4706/2020, without being put to a vote.
Agenda Item #5 : Approval of overall Company management for 2025 (01.01.2025-31.12.2025), according to article 108 of Law 4548/2018, and waiver of responsibility of the Auditors, according to paragraph 1(c) of article 117 of Law 4548/2018
The General Meeting with 103,649,097 votes cast in favor (100% of the voting rights present), no votes cast against and no abstentions: Approved the overall management of the Board of Directors for fiscal year 01.01.2025 – 31.12.2025, in accordance with article 108 of Law 4548/2018 and in accordance with paragraph 1, sub-paragraph c of article 117 of Law 4548/2018 removed any liability of the Auditor for the audit conducted on the financial statements for fiscal year 01.01.2025 – 31.12.2025.
Agenda Item #6 : Election of Auditing Firm for auditing the Financial Accounts for 2026 (01.01.2026-31.12.2026), and determination of their remuneration
The General Meeting with 99,825,879 votes cast in favor (96.311% of the voting rights present), 3,823,218 votes cast against and no abstentions: Approved the election of auditing company “Grant Thornton SA”, Company #ELTE007, Company #SOEL127 (G.E.M.I. No.: 121548701000) for the audit of the Financial Statements for fiscal year 01.01.2026 – 31.12.2026. The fee of the above Auditing Firm for the audit of fiscal year 01.01.2026 – 31.12.2026 will be similar to the fee paid towards the audit of fiscal year 01.01.2025 – 31.12.2025 and will be determined by the Board of Directors based on the statutory provisions in force at that time.
Agenda Item #7 : Election of Auditing Firm for reviewing the Sustainability Report for 2026 (01.01.2026-31.12.2026), and determination of their remuneration
The General Meeting with 103,643,678 votes cast in favor (99.995% of the voting rights present), 5,419 votes cast against and no abstentions: Approved the election of auditing firm “Grant Thornton SA”, Company #ELTE007, Company #SOEL127 (G.E.M.I. No.: 121548701000) to review the compliance of the submission of the Company’s Sustainability Report for the current fiscal year with the requirements of article 154C of Law 4548/2018 and in accordance with the specific provisions of this article. The remuneration of the Auditing Firm will be determined by the Board of Directors based on the statutory provisions in force at that time.
Agenda Item #8 : Submission of the Board Members’ Remuneration Report for 2025 (01.01.2025-31.12.2025) for discussion and advisory vote, according to article 112 of Law 4548/2018
The General Meeting with 99,831,298 votes cast in favor (96.317% of the voting rights present), 3,817,799 votes cast against and no abstentions: Approved the Remuneration Report for financial year 2025 in accordance with article 112 of Law 4548/2018, as well as the variable remuneration of two (2) members of the Company’s Board of Directors, which exceeded 100% of the fixed remuneration, but not 200%, in accordance with the relevant provisions of the applicable Remuneration Policy.
Agenda Item #9 : Approval of remuneration and compensation of Board Directors for 2025 (01.01.2025-31.12.2025)
The General Meeting with 99,825,879 votes cast in favor (96.311% of the voting rights present) and 3,817,799 votes cast against : Approved the remuneration of the members of the Board of Directors for fiscal year 2025, amounting to €1,833,854.00. One shareholder owning 5,419 shares and voting rights abstained from the vote on this agenda item.
Agenda Item #10 : Election of new Board Director and setting of the term of appointment
This item was withdrawn from the meeting agenda, therefore was no put to a vote.
Agenda Item #11 : Determination of remuneration of Board Directors for 2026 (01.01.2026-31.12.2026) and up to the Annual General Meeting in 2027, according to article 109 of Law 4548/2018
The General Meeting with 99,825,879 votes cast in favor (96.311% of the voting rights present) and 3,817,799 votes cast against : Provided pre-approval for the remuneration of the members of the Board of Directors for fiscal year 2026 and up to the Annual General Meeting of the year 2027, for a total amount of €1,950,000.00. One shareholder owning 5,419 shares and voting rights abstained from the vote on this agenda item.
Agenda Item #12 : Early termination of the Company’s Own Share Purchase Programme, which was voted by shareholders at the Annual General Meeting on 15.07.2025. – Authorisation of the Board of Directors for the disposal of already acquired own shares, in accordance with pertinent
legislation.
The General Meeting with 103,649,097 votes in favor (100% of the voting rights present), no votes cast against and none abstaining from the vote : Decided on the early termination of the Company’s Own Share Purchase Programme decided at the Annual General Meeting of Shareholders on 15.07.2025, and authorised the Board of Directors to appropriate the already acquired 1,101,079 own shares, in accordance with pertinent legislation.
Agenda Item #13 : Approval of a New Own Share Purchase Programme by the Company, in accordance with article 49 of Law 4548/2018. – Authorisation of the Company’s Board of Directors for the implementation of the afore-mentioned Programme and for the disposal of the shares to be acquired, in accordance with pertinent legislation.
The General Meeting with 103,649,097 votes cast in favor (100% of the voting rights present), no votes cast against and none abstaining from the vote : Approved the purchase of own shares as follows:
- Purchase of up to 5,000,000 shares (a number corresponding to 3.37% of the Company’s existing shares)
- A period of twenty-four (24) months is set for the above transactions.
- The minimum purchase price of the shares is set at €0.50/share and the maximum at €5.00/share.
Furthermore, the General Meeting authorised the Board of Directors of the Company to take all actions towards implementing this decision and appropriate the shares to be purchased as part of the new Own Shares Purchase Programme.
Agenda Item #14 : Permission to members of the Board of Directors and Company directors for participating in the Boards or management teams of subsidiaries and associated companies, according to paragraph 1 of article 98 of Law 4548/2018
The General Meeting with 103,649,097 votes cast in favor (100% of the voting rights present), no votes cast against and none abstaining from the vote : Granted permission to members of the Board of Directors and the executives of the Company’s Departments for their participation in Boards of Directors or in the management of the Company’s subsidiaries and associated companies.
Agenda Item #15 : Approval of participation of the Company in other companies and joint ventures
The General Meeting, with 103,643,678 votes cast in favor (99.995% of the voting rights present) and no votes cast against : Approved the Company’s participation in companies and Joint Ventures, established in fiscal year 2025. One shareholder owning 5,419 shares and voting rights abstained from the vote on this agenda item.
Agenda Item #16 : Other Announcements
Board Chairman Mr Christos Joannou and Managing Director Mr Konstantinos Mitzalis briefed shareholders on the Group’s operations and prospects.
Marousi, July 03, 2026
The Board of Directors