SFS acquisition of White Knight approved

The Securities and Exchange Commission approved the Public Offer document made by SFS Group Plc (SFS.CY) to acquire up to 100% of the share capital of its subsidiary company White Knight Holdings Plc (WKH.CY). The consideration stands at EUR 0.35 per share. SFS already has a direct and indirect stake of 89.51%. The acceptance period will commence on 12 August 2008 up to 12 September 2008.