Marfin Financial Group would like to inform its shareholders and the investor community that the Extraordinary General Meeting of shareholders of Cyprus Popular Bank Public Company Ltd. (Laiki), has been postponed for one week and specifically for Tuesday 31 October 2006 at 5pm.
The postponement was proposed by Marfin Financial Group and Mr. Platon Lanitis, with the agreement of the Board of Directors of Laiki, in order to satisfy the requests of some minority shareholders for additional information on the transaction.
Commenting on this latest development, the CEO of Marfin Financial Group Mr. Andreas Vgenopoulos made the following statement:
Due to the organised plan for the creation of false impressions which we have already condemned alongside with Mr. Lanitis, as shareholders, and with the unanimous decision of the Board of Directors of Laiki, we have decided to deprive a limited number of minority shareholders from their argument of a supposed lack of sufficient information. In today''s EGM, 52.36% of Laiki''s shareholders were present 48.92% of which through Power of Attorney. I would like to reiterate my confidence that the overwhelming majority of Laiki''s shareholders are in favour of the share capital increase recommended by the Board of Directors and the creation of Marfin Popular Bank.