NAT. BANK OF GREECE SA
ANNOUNCEMENT REGARDING THE MERGER OF NBG AND P&K INVESTMENT SERVICES S.A.
In the ongoing drive to enhance the Group's structures and adjust to developing conditions in the international and domestic markets, at their meeting today the Boards of National Bank of Greece S.A. and P&K Investment Services S.A. decided to merge the two companies through the absorption of P&K by NBG, as per the provisions of articles 69 et seq. and 78 of the Companies Act (Codified Law 2190/1920), articles 1 to 5 of Law 2166/1993 and article 16 of Law 2515/1997. 30th June 2008 was set as the date of the conversion balance sheets.
The merger is subject to the usual corporate procedures (preparation of the Draft Merger Agreement, approvals by the relevant corporate bodies), and legal formalities and approvals. NBG owns 100% of the share capital of P&K Investment Services S.A.; accordingly, on completion of the merger the share capital of NBG will not increase.
The merger is subject to the usual corporate procedures (preparation of the Draft Merger Agreement, approvals by the relevant corporate bodies), and legal formalities and approvals. NBG owns 100% of the share capital of P&K Investment Services S.A.; accordingly, on completion of the merger the share capital of NBG will not increase.