d. Compliance with the commitments contained in newsletters and business plans of the Company
regarding the use of funds raised from the regulated market.
e. Preparation of reports to the audited units with findings, the risks arising and suggestions for
improvement, if any.
f. Attendance of the meetings of the Audit Committee, performance of secretary duties and preparation
of the minutes of the meetings of the Audit Committee.
g. Attending the general meetings of the Company’s shareholders.
h. Providing an effective contribution in shaping and monitoring the implementation of the Suitability
Policy of the members of the Board of Directors (circular 60, section III, par. 4 of the Hellenic Capital
Market Commission).
i. Carries out an audit of the legality of the remuneration and all kinds of benefits granted to the
members of the Management regarding the decisions of the competent bodies of the Company (article
4, paragraph 3c’, circular EU 5/204/14.11.2000).
j. Carries out an audit of the Shareholders Service and Corporate Announcements Department
(articles 5 & 6 of the circular 5/204/14.11.2000 of the Hellenic Capital Market Commission).
k. Audits the Company's transactions with affiliated companies as well as the Company's relations with
the companies in the capital of which the members of the Company's Board of Directors or its
Shareholders participate via a percentage of at least 10% (articles 4, paragraph 3d’ of the circular
5/204/14.11.2000 of the Hellenic Capital Market Commission).
l. The reports of ICU after incorporating the relevant views of the audited entities, the agreed actions,
if any, or the acceptance of the risk of taking no action, the limitations on its scope of control, if any,
the final internal audit proposals and the results from the respective response of the audited units of
the Company to its proposals, are submitted quarterly to the audit committee.
m. ICU submits every three (3) months to the audit committee reports, which include its most important
findings and proposals and which in turn the Audit Committee presents and submits along with its
comments to the Board of Directors (article 16, paragraph 1c’ of Law 4706/2020).
Information of article 10, par. 1, items c), d), f), h), i) of EU directive 2004/25/EC
c) The significant direct or indirect holdings of the Company are the following:
• NORTHERN GREECE METAL PRODUCTS S.A. (subsidiary). The Company participates by 100%.
• BALKAN IRON GROUP SRL (joint venture). The Company participates by 33.33%.
• KALPINIS – SIMOS BULGARIA EOOD (subsidiary). The Company participates by 100.00%
• PHOTODEVELOPMENT SA (subsidiary). The Company participates by 98.64%
• PHOTOENERGY SA (subsidiary). The Company participates by 97.50%
• ILIOSKOPIO SA (subsidiary). The Company participates by 97.50%
• PHOTOKYPSELI SA (subsidiary). The Company participates by 97.50%
• PHOTOISXIS MEPE (subsidiary). The Company participates by 100.00%
• ELASTRON LOGISTICS SINGLE PERSON IKE (subsidiary). The Company participates with
100.00%.
• THRACE GREENHOUSES SA (joint venture). The Company participates by 49.09%
Moreover, according to article 4 par. 7 of L. 3556/2007 the direct or indirect participations in the
Company’s share capital (number of shares at 18,410.839 according to the decision of 30.06.2023 by the
Ordinary General Meeting of shareholders) are the following:
• Athanasios Kalpinis with 3,104,250 shares (16.86% - direct participation)
• Elvira Kalpini with 2,070,500 shares (11.25% - direct participation)
• Sarmas Panagiotis with 1,377,690 shares (7.48% - direct participation)
• Nikolaos Simos with 1,350,000 shares (7.33% - direct participation)
• Dominiki Natalia Simou with 1,350,000 shares (7.33% - direct participation)
• Sakellariou Nikolaos with 1,144,703 shares (6.22% - direct participation)
• Sakellariou Christos with 1,144,702 shares (6.22% - direct participation)
• Panagiotis Simos-Kaldis with 683,687 shares (3.71% - direct participation)
Mr. Panagiotis Simos, in addition to his participation in the company (percentage of 3.71%), retains the
status of usufructuary and the voting rights for an additional 900,000 shares (percentage of 4.89%) after
the transfer on 08/02/2024 of the bare ownership of 450,000 shares to Mr. Nikolaos Simos and of 450,000
shares to Ms. Dominiki Natalia Simou.