MFS to acquire foreign insurance companies

…change name to Aspis

The Board of Directors of MFS Ηoldings Public Company Ltd (MFS) at a meeting held on December 21, 2006 decided to authorise the President of the Board of Directors and the high-ranking officials of Aspis Group to finalize the negotiations for the acquisition of insurance companies abroad.
The acquisition or acquisitions will be carried out within the framework of Aspis Group’s plans for a strengthening of the MFS activities with an acquisition or acquisitions in the Balkans and Eastern Europe. The acquisitions will be in cash and will be fully supported by the primary shareholder.
The Board also decided to call an Extraordinary General Meeting on 12/1/2007 to approve the following special resolution to change the Company’s name from ÎœFS Holdings Public Company Limited to Aspis Holdings Public Company Limited.

 

Clarification on EGM resolution
Further to the announcement dated 20/12/2006 on the special resolutions of the Extraordinary General Meeting and pursuant to circular 12/2006 of the CSE, the Board of Directors clarifies that Special Resolution 3 will become effective as follows (due to the common platform):
– For every 1 issued share, 1 Right will be allocated.
– Each Right exercised, will be converted into 2 new shares of nominal value 40 cents.
The sale price of the new shares for the Right holders has been set at 40 cents (EUR0.692) per new share.