Laser EGM on 22/11 for rights and issue of shares to Coffee Beanery

The Board of Directors of Laser Investment Group Plc decided to hold an Extraordinary General Meeting on Thursday, November 22, 2007 at the Company’s Head Office to examine and approve the following special resolutions:
SPECIAL RESOLUTION 1
That the Special Resolution, which was approved by the EGM on July 27, 2007 on the issue of shares in the form of Rights, be cancelled.
SPECIAL RESOLUTION 2
The Board of Directors is authorized to proceed with the issue and allocation of shares of nominal value CYP0.035 each at the price of CYP0.175 (EUR0.30) per share, which are offered on a pro rata basis to all shareholders who will be registered in the Company’s register on the record date. The record date will be decided by the Board of Directors and will depend on the date of approval of the Prospectus by the Securities and Exchange Commission.
The shares are offered to the shareholders in the form of Rights to the ratio of 1 Right for every existing share. Each shareholder is entitled to acquire 1 share for every 3 Rights allocated against CYP0.175. The payment of the consideration to the shareholders who exercise the Rights will be carried out at the acceptance of the offer. All unexercised Rights will be returned to the Board of Directors, which will distribute the Rights at its sole discretion on the basis of the same price and terms offered to the existing shareholders. All indisposed shares after the expiry of Rights will be distributed by the Board of Directors at its sole discretion on the basis of the same price offered to the existing shareholders.
The Board of Directors is authorized to cooperate with the Company’s external consultants for the submission of an application to the CSE and the preparation of a Prospectus for the issue, allocation and listing of Rights and shares, pursuant to the relevant laws and regulations.
Pursuant to the provisions of article 60B(5) of the Companies’ Law Chapter 113 and taking into account the Company’s Articles of Association, the existing shareholders disclaim their rights with regard to the above allocation of shares that will remain indisposed after the expiry of Rights.
SPECIAL RESOLUTION 3
That the Board of Directors be authorized to proceed with the issue and allocation of 416,261 new shares of nominal value CYP0.035 each to the US company The Coffee Beanery Ltd at the price of CYP0.5842 (EUR1.00) per share.
Pursuant to the provisions of article 60B(5) of the Companies’ Law Chapter 113 and taking into account the Company’s Articles of Association, the existing shareholders disclaim their rights with regard to the above allocation of shares.