OREANDA-NEWS. On March 23, 2009 Management Board of Parex banka has made a decision to cancel the extraordinary meeting of Parex banka’s shareholders scheduled for 24 March 2009 and the annual general meeting planned to take place on 30 March 2009 and to organize a common meeting of the shareholders in May 2009, mainly due to necessity to prepare additional documentation after successful finalisation of the negotiation process with its syndicated lenders, as well as to organize to ensure effective and fast decision making process from the perspective of wise utilisation of available resources, reported the press-centre of Parex banka.

It is expected that the shareholder meeting of Parex banka will take place in May 2009, the exact date will be announced in accordance with the Regulatory Acts of the Republic of Latvia.

The decision to integrate the issues planned for reviewing in extraordinary meeting of shareholders and the annual general meeting was made in order to enable the shareholders’ participation in the meeting.