We wish to inform you that at the meeting held on Thursday, July 31, 2008, the Board of Directors of CLR Capital Public Limited examined and approved the Restructuring Plan and the Directors’ Report on the proposed merger with Laiki Investment EPEY Public Company Ltd.
The Plan refers to the nature of activities of the two companies, the transfer of assets and liabilities to Laiki Investment and the exchange of the consideration shares that will result from the merger. We wish to remind you that for every 2,6838 CLR shares, one fully paid share of Laiki Investment will be issued.
The merger is subject to all necessary approvals by the competent authorities and the completion of all necessary procedures pursuant to the Companies’ Law.
At the same meeting, the Board of Directors approved the appointment of independent expert BDO Philipides Ltd for the examination of the method adopted for the exchange of shares.
The Company will inform its shareholders and the investing public on all developments after the completion of the merger.
The Plan refers to the nature of activities of the two companies, the transfer of assets and liabilities to Laiki Investment and the exchange of the consideration shares that will result from the merger. We wish to remind you that for every 2,6838 CLR shares, one fully paid share of Laiki Investment will be issued.
The merger is subject to all necessary approvals by the competent authorities and the completion of all necessary procedures pursuant to the Companies’ Law.
At the same meeting, the Board of Directors approved the appointment of independent expert BDO Philipides Ltd for the examination of the method adopted for the exchange of shares.
The Company will inform its shareholders and the investing public on all developments after the completion of the merger.
Friday, 1 August, 2008 - 09:48