MIG HOLDINGS S.A.
Announcement
MARFIN INVESTMENT GROUP HOLDINGS S.A. hereby announces that the re-iterative Extra-Ordinary General Meeting of the Company's shareholders, which had been deferred on 11.7.2007, was held on 13.7.2007 with 7 shareholders being present or represented thereat, holding approximately 21.023% of the Company's share capital. The following resolutions on the items on the agenda were adopted at the Meeting:
1. Confirmation of the decision of the Board of Directors to distribute the shares which remained indisposed from the share capital increase of the Company according to the decision of the Ordinary General Meeting of its Shareholders of 29.3.2007, and potential amendment of article 5 para. 1 of the Company's Articles. - The Secretary of the General Meeting informed the Shareholders on behalf of the Board of Directors that the increase of the share capital through payment in cash, with a first refusal right in favor of the existing shareholders which was resolved by the Ordinary General Meeting of Shareholders of 29.3.2007 was covered by 11,121 beneficiaries of first refusal rights by approximately 4%, which corresponds to 31,242,163 new shares of the Company, while the remaining 743,418,115 new shares were disposed, at the discretion of the Board of Directors, through private placement to 1,266 investors in Greece and 415 investors abroad. The Secretary of the General Meeting made a detailed presentation to the Shareholders regarding the decision of the Board of Directors to dispose of the indisposed shares, which was adopted at the meeting of 12.7.2007, and the General Meeting unanimously confirmed both the decision of the Board of Directors and the relevant lists of shareholders to whom the indisposed shares were finally distributed. In view of the subscription of the share capital in full, it was ascertained that no amendment of article 5, para. 1 of the Company's Articles is required.
2. Notification of the Shareholders pursuant to article 16 para. 11 of codified law 2190/1920, as in force. - The Secretary of the General Meeting informed the Shareholders pursuant to article 16 para. 11 of codified law 2190/1920 that, throughout the period of purchase of owned shares from 13.4.2006 until 13.4.2007, the Company did not proceed to the acquisition of owned shares in accordance with the decision of the Ordinary General Meeting of 13.4.2006.
1. Confirmation of the decision of the Board of Directors to distribute the shares which remained indisposed from the share capital increase of the Company according to the decision of the Ordinary General Meeting of its Shareholders of 29.3.2007, and potential amendment of article 5 para. 1 of the Company's Articles. - The Secretary of the General Meeting informed the Shareholders on behalf of the Board of Directors that the increase of the share capital through payment in cash, with a first refusal right in favor of the existing shareholders which was resolved by the Ordinary General Meeting of Shareholders of 29.3.2007 was covered by 11,121 beneficiaries of first refusal rights by approximately 4%, which corresponds to 31,242,163 new shares of the Company, while the remaining 743,418,115 new shares were disposed, at the discretion of the Board of Directors, through private placement to 1,266 investors in Greece and 415 investors abroad. The Secretary of the General Meeting made a detailed presentation to the Shareholders regarding the decision of the Board of Directors to dispose of the indisposed shares, which was adopted at the meeting of 12.7.2007, and the General Meeting unanimously confirmed both the decision of the Board of Directors and the relevant lists of shareholders to whom the indisposed shares were finally distributed. In view of the subscription of the share capital in full, it was ascertained that no amendment of article 5, para. 1 of the Company's Articles is required.
2. Notification of the Shareholders pursuant to article 16 para. 11 of codified law 2190/1920, as in force. - The Secretary of the General Meeting informed the Shareholders pursuant to article 16 para. 11 of codified law 2190/1920 that, throughout the period of purchase of owned shares from 13.4.2006 until 13.4.2007, the Company did not proceed to the acquisition of owned shares in accordance with the decision of the Ordinary General Meeting of 13.4.2006.