CYPRUS POPULAR BANK PUBLIC CO LTD
Extension of the period for the acceptance of applications for Capital Securities
Marfin Popular Bank Public Co Ltd ("Bank", "Group") announces that, with regard to the public offer of Capital Securities up to the amount of ?83,841,000 conducted by virtue of the Prospectus dated June 6, 2008, it has been decided to extend the period for the acceptance of applications until Wednesday 25th of June 2008 (instead of Friday 20th of June 2008 which was applicable before). This decision, for which the Cyprus Securities and Exchange Commission has been notified, was made due to (a) the large number of relevant requests submitted by interested investors for the allowance of more time, and (b) the increased need to inform in detail the parties interested to invest amounts resulting from the undergoing repayment of the Bank?s 2003 Capital Securities.
The revised time schedule of the Capital Securities public offering up to the amount of euro 83,841,000 is as follows:
Licence for the Publication of the Prospectus June 6, 2008
Starting date of Public Offer June 10, 2008
Ending date of Public Offer June 25, 2008
Issue of Securities up to ?83,841,000 June 30, 2008
Publication of the result of the Public Offer July 7, 2008
Dispatch of Allotment Letters July 9, 2008
The aforementioned revised time schedule will be published in the daily press.
It is noted that Capital Securities will be listed only on Cyprus Stock Exchange.
With regard to the content of the Prospectus dated June 6, 2008, by virtue of which the public offer is conducted, the Bank wishes to make the correction that as at this date the participation of Mr. Andreas Vgenopoulos to the Bank?s share capital amounted to a percentage of 0,13% (instead of 0%). Hence, the total share capital participation of the members of the Board of Directors of the Bank amounted to a percentage of 6,64% (from 6,51%), and the total share capital participation of the members of the Gr oup's Executive Committee amounted to a percentage of 0,22% (from 0,09%). It should be noted that Marfin Investment Group Holdings S.A., with which Mr. Andreas Vgenopoulos - in line with the relevant legislation - is closely associated by virtue of his managerial position, held on June 6, 2008 a percentage of 3,05% of the Bank's share capital.
The revised time schedule of the Capital Securities public offering up to the amount of euro 83,841,000 is as follows:
Licence for the Publication of the Prospectus June 6, 2008
Starting date of Public Offer June 10, 2008
Ending date of Public Offer June 25, 2008
Issue of Securities up to ?83,841,000 June 30, 2008
Publication of the result of the Public Offer July 7, 2008
Dispatch of Allotment Letters July 9, 2008
The aforementioned revised time schedule will be published in the daily press.
It is noted that Capital Securities will be listed only on Cyprus Stock Exchange.
With regard to the content of the Prospectus dated June 6, 2008, by virtue of which the public offer is conducted, the Bank wishes to make the correction that as at this date the participation of Mr. Andreas Vgenopoulos to the Bank?s share capital amounted to a percentage of 0,13% (instead of 0%). Hence, the total share capital participation of the members of the Board of Directors of the Bank amounted to a percentage of 6,64% (from 6,51%), and the total share capital participation of the members of the Gr oup's Executive Committee amounted to a percentage of 0,22% (from 0,09%). It should be noted that Marfin Investment Group Holdings S.A., with which Mr. Andreas Vgenopoulos - in line with the relevant legislation - is closely associated by virtue of his managerial position, held on June 6, 2008 a percentage of 3,05% of the Bank's share capital.