M&A Activity • Jan 13, 2015
M&A Activity
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Following the announcement, dated November 14, 2014, regarding the submission of a written binding offer for the sale to Bank of Cyprus Public Co Ltd of the 100% of the Company's investment in Laiki Financial Services Limited, Laiki Capital Public Co Ltd (the «Company») announces that it has appointed and has received valuation reports from independent firms/experts regarding the fair value of Laiki Financial Services Limited.
According to these reports, the offered consideration exceeds the estimated fair value of Laiki Financial Services Limited. Therefore, the Board of Directors has decided to submit for approval, by the General Meeting of the Company's Shareholders, a resolution for the sale to Bank of Cyprus Public Company Ltd of all shares held by the Company in Laiki Financial Services Ltd for an amount of Euro three (3) million.
This Extraordinary General Meeting will be held on Thursday, January 29, 2015.
The invitation for the Extraordinary General Meeting of the Company Shareholders and the relevant resolution are attached.
LAIKI CAPITAL PUBLIC CO LTD
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Maria Ioannou Achillides Company Secretary
Nicosia, January 13, 2015
CC: Cyprus Securities & Exchange Commission
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