Marfin CLR Pcl to launch as of January 1, 2009

The EGM of Laiki Investment EPEY Public Company Ltd (LI.CY) that took place on 17th October 2008 approved the Reorganization and Merger Plan with CLR Capital Public Limited (CLR.CY) according to which: 
1) CLR will merge with LI and the total assets, activities, rights and liabilities will be undertaken by the Company, 
2) the shareholders of CLR will become shareholders of LI and 
3) CLR will be dissolved without liquidation.
The transfer will be carried out on 1/1/2009 or any other date that the Board of Directors believes is suitable. 
The EGM approved the issue of new ordinary shares of nominal value EUR0.34 each and allocation to the shareholders of CLR based on the Reorganization and Merger Plan of CLR. The new shares that will be issued and allocated will not be offered in order of precedence to the shareholders. 
Shareholders also approved the change of the Company’s name to Marfin CLR Public Co Ltd. The EGM decisions and the Reorganization and Restructuring Plan are subject to the Nicosia District Court’s approval.