CSE approves Aspis and Commercial bid for Universal

The Cyprus Stock Exchange approved the content of the Public Offer Document submitted by Aspis Pronoia AEGA and Commercial Value SA dated November 3, 2006 seeking to acquire a minimum 20% and a maximum 50% plus 1 share of the issued share capital of Universal Bank Public Limited. The prospectus may now be published.

The Document dated December 11, 2006, contains full data on the Public Offer, the Offerors and the consideration (CYP0.95 per share).  The Document also contains full details on the procedure of acceptance of the Public Offer. 

The period of acceptance will start on December 19, 2006 and will expire on February 1, 2007 at 1.30.