The Extraordinary General Meeting of EFG Eurobank Ergasias approved today the continuation of the share buy-back programme, which was initiated in accordance to the decision of the Annual General Meeting of May 24, 2000. Moreover, the Board of Directors was authorised to define the specific terms for the implementation of the programme.
The programme approved by the EGM, in accordance with article 16 of Greek Company Law 2190/1920, enables EFG Eurobank Ergasias to acquire own shares at a maximum price of € 27.09 per share within 12 months, respresenting a total of up to 10% of the share capital of the Bank, including own shares acquired to date.
It should be noted that, in accordance to the decision of previous General Meetings, as at 1.9.2002 the Bank held a total of 10.7 million of its own shares representing 3.4% of the Bank’s share capital. Specifically, in the period between the Annual General Meeting of April 22, 2002 and September 1, 2002, the Bank acquired 1.2 million own shares, representing less than 0.4% of total share capital.