HCL.L Regulatory News (HCL)

Hellenic Carriers Limited 

Press Release 13 May 2010

AGM Results

Hellenic Carriers Limited, ("Hellenic" or the "Company") (AIM: HCL), an international provider of marine transportation services for dry bulk cargoes, today announces that at their Annual General Meeting held yesterday on 12 May 2010 in Athens all resolutions, mentioned below, were duly passed.

The issued share capital as of 13 May 2010 is 45,616,851 shares of US$0.001 each with voting rights.

Ordinary Resolutions

1. That the Company's accounts and the reports of the Directors and Auditors for the year ended 31 December 2009 be approved and adopted.

2. That Elpida Kyriakopoulou, who was appointed as a Director by the Directors on 29.10.2009 pursuant to Article 33 of the Articles of Association of the Company, be elected as a Director of the Company.

3. That Graham Stanley Roberts, being eligible for re-election, be re-elected as a Director of the Company.

4. That Charlotte Maria Ypatia Stratos, being eligible for re-election, be re-elected as a Director of the Company.

5. That Ernst & Young be reappointed as Auditors of the Company to hold office until the conclusion of the next annual general meeting of the Company and that their remuneration be fixed by the Directors.

6. That the payment of a dividend of GBP 0.0247 per ordinary share in the share capital of the Company for the year ended 31 December 2009 be approved.

Special Resolution

7. That pursuant to Article 3.16 of the Articles of Association of the Company, the Board of Directors be granted a general authority to issue further shares in the share capital of the Company at their sole discretion and without reference to pre-emption rights, by way of general mandate. The general mandate hereby granted shall expire at the conclusion of the next annual general meeting of the Company and shall be limited to a total amount of shares not exceeding 50% of the number of shares of the Company in issue as at the date the general mandate is granted.

- ENDS -

For further information please contact: 

Hellenic Carriers Limited 

Fotini Karamanlis, Chief Executive Officer 

E-mail: info@hellenic-carriers.com +30 210 455 8900 

Jefferies International Limited 

Anne Dovigen +44 (0) 20 7029 8000 

Oliver Griffiths

Capital Link 

Annie Evangeli +44 (0) 20 3206 1320 (London) 

Ramnique Grewal +1 212 661 7566 (New York) 

E-mail: helleniccarriers@capitallink.com 

Further Information - Notes to Editors 

About Hellenic Carriers Limited 

Hellenic Carriers Limited manages through Hellenic Shipmanagement Corp. a fleet of dry bulk vessels that transport iron ore, coal, grain, steel products, cement, alumina, and other dry bulk cargoes worldwide. Currently the fleet consists of six vessels, comprising four Panamaxes, one Supramax and one Handymax with an aggregate carrying capacity of 372,742 dwt.