ANNOUNCEMENT
Pursuant to the relevant regulations of the Cyprus Stock Exchange and of the Cyprus Securities and Exchange Commission and in order to fully inform shareholders and investors in general, COSMOS INSURANCE PUBLIC COMPANY LTD announces that the Annual General Meeting of its Shareholders, held on 26 June 2025 at 16:30 p.m. in Nicosia, resolved as follows:
1. Financial Statements / Annual Report 2024
It examined and approved the Company’s Consolidated Accounts and Financial Statements for the year ended 31 December 2024, as audited by the Company’s external auditors, as well as the Management Report, the Corporate Governance Report and the Auditors’ Report. The Annual Report is available on the Company’s website www.cosmosinsurance.com.cy
2. Re-election of Board Members
Ms Stalo Koumidou and Mr Marios Kyriacou, who retired by rotation pursuant to the Company’s Articles of Association and offered themselves for re-election, were re-elected.
Messrs. Andreas Tyllis, Elias Demetriou, Kyriacos Tyllis and Marios Loucaides remain in office as Directors of the Company.
3. Remuneration of Directors
It was decided that the remuneration of the Board Members will remain the same. The company’s remuneration policy was therefore approved, as follows:
– The remuneration of each member of the Board other than the Executive Director is 10,000 euros per annum.
– The remuneration of the Chairperson remains the same, at 20,000 euros per annum.
– The chairpersons of the Board committees receive an addition remuneration of 1,000 euros per annum.
– Each Director will receive an additional remuneration of 100 euros for every meeting of the Board of Directors and every meeting of a Board Committee which he/she attends.
4. Appointment of Auditors
It approved the appointment of the audit firm PricewaterhouseCoopers Limited as Auditors of the Company for the current year and authorised the Board of Directors to determine their fees.
Nicosia, 26 June 2025
Adamos Konias
Secretary
