MIG HOLDINGS S.A.
For Cancellation of Owned Shares and New Acquisition of Owned Shares
Marfin Investment Group was informed that an agreement of sale and purchase of shares was entered into, according to which Dubai Financial Group will acquire 53,532,184 shares of Marfin Investment Group from Marfin Popular Bank (6.45%) at the price of 7 euros per share, until March 31st 2008.
It is also hereby announced that the Board of Directors of Marfin Investment Group will meet on February 14th 2008 in order to resolve on the convocation of an Extraordinary General Meeting of shareholders regarding cancellation of owned shares and approval of new acquisition of owned shares up to 10%.
Commenting on the above development, the CEO of Marfin Investment Group, Mr. Dennis Malamatinas, made the following statement: "The administration of Marfin Investment Group considers that, while the price of the shares remains around the current levels, buying and cancelling shares of our company creates immediately significant surplus values for our shareholders".
It is also hereby announced that the Board of Directors of Marfin Investment Group will meet on February 14th 2008 in order to resolve on the convocation of an Extraordinary General Meeting of shareholders regarding cancellation of owned shares and approval of new acquisition of owned shares up to 10%.
Commenting on the above development, the CEO of Marfin Investment Group, Mr. Dennis Malamatinas, made the following statement: "The administration of Marfin Investment Group considers that, while the price of the shares remains around the current levels, buying and cancelling shares of our company creates immediately significant surplus values for our shareholders".