Laser seeks EGM approval on Big Score Enterprises

The Board of Directors of Laser Investments Public Ltd decided to hold an Extraordinary General Meeting on June 26, 2007 at 6.00 pm at the office of the Investment Manager, Sharelink Securities & Financial Services Ltd, 6 Theotoki, Ellinas House, Nicosia to approve the resolution concerning the acquisition of Big Scorer Enterprises.

Taking into account the evaluation of Big Scorer Enterprises Ltd, which was carried out pursuant to the provisions of article 47B of the Companies’ Law Chapter 113, the Board of Directors is authorized to proceed to the issue and allocation of 48,570,000 shares of nominal value CYP0.035 in exchange for the acquisition of 100% of the issued share capital of Big Scorer Enterprises Ltd. 

The existing shareholders disclaim their right with regard to the above issue and allocation of shares. 

The Board of Directors also wants authorization to proceed with the issue and allocation of up to 15,000,000 shares of nominal value CYP0.035 per share for the acquisition of other companies and/or businesses and/or properties at the sole discretion of the Board of Directors and pursuant to the provisions of the relevant law. 

The existing shareholders disclaim their right with regard to the above issue and allocation of shares.