RCS - Bank of Cyprus Hldgs - Commencement of trading on ATHEX

Bank of Cyprus HoldingsAnnouncement

23/09/2024 08:15

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RNS Number : 2045F  Bank of Cyprus Holdings PLC  23 September 2024

Announcement

 

Bank of Cyprus Holdings Public Limited Company - Commencement of trading on
ATHEX

 

 

Nicosia, 23 September 2024

 

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE
OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS
OF THAT JURISDICTION

 

 

Bank of Cyprus Holdings Public Limited Company (the "Company" and together
with its subsidiary, the "Group") is pleased to announce  that, following
successful listing of the Company's ordinary shares (ISIN code: IE00BD5B1Y92)
(the "Ordinary Shares") on the Main Market of the Regulated Securities Market
of the Athens Stock Exchange ("ATHEX") (the "Listing") on 17 September 2024,
trading of the Ordinary Shares will commence today, 23 September 2024 at
10:15 a.m. (Greek time) under the symbol "BOCHGR". The opening price of the
Ordinary Shares on ATHEX is equal to the closing price of the Ordinary Shares
on the main market of the regulated market of the Cyprus Stock Exchange (the
"CSE") on 20 September 2024, which is €4.78.

 

The Company also confirms that the delisting of the Ordinary Shares from the
international commercial companies secondary listing category of the Official
List of the London Stock Exchange Group plc (the "LSE") and the subsequent
cancellation of the LSE listing took effect at 8:00 a.m. (London time) on 19
September 2024, as previously announced.

 

The Ordinary Shares will continue to be traded on the CSE under the symbol
"BOCH/ΤΡΚΗ".

 

Ireland will remain the Company's home member state for the purpose of the EU
Transparency Directive (2004/109/EC).

 

Bank of America Europe DAC ("BofA Securities") has acted as corporate broker
to the Company in connection with the Listing.

 

Arthur Cox LLP acted as Irish legal advisers, PotamitisVekris acted as Greek
legal advisers and Chryssafinis & Polyviou LLC acted as Cypriot legal
advisers to the Company in relation to the Listing.

 

Mr. Takis Arapoglou, Chairman of the Group commented:

"The commencement of trading on the Athens Stock Exchange is another milestone
for the Group, which is now a strong financial services organisation with a
high-quality balance sheet, ample capital and liquidity, and sustainable
recurring profitability. The board believes that the listing has the potential
to enhance the liquidity of our shares and the Group's visibility among a
broader group of relevant investors for the benefit of shareholders and the
Group. We thank our shareholders for approving this important step in the
Group's development and look forward to engaging with more investors as a
result of our listing on the Athens Stock Exchange."

Disclaimer

 

The Company is not offering any new shares nor any other securities to the
public in connection with the Listing. This announcement does not constitute
an invitation or offer to sell, or the solicitation of an invitation or offer
to subscribe for or to buy, any shares nor any other securities of the Company
in any jurisdiction.

 

BofA Securities is the marketing name for the global banking and global
markets businesses for Bank of America Corporation ("BAC"). Securities,
strategic advisory, and other investment banking activities are performed
globally by investment banking affiliates of BAC, including, in the U.S.,
Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered
broker-dealer and member of FINRA and SIPC, and in other jurisdictions,
locally registered entities, including Merrill Lynch International, which is
regulated by the Financial Conduct Authority and authorised and regulated by
the Prudential Regulation Authority in the United Kingdom.

 

BofA Securities nor any of its directors, officers, employees, advisers or
agents accepts any responsibility or liability whatsoever for or makes any
representation or warranty, express or implied, as to the truth, accuracy or
completeness of the information in this announcement (or whether any
information has been omitted from the announcement) or any other information
relating to the Company, its subsidiaries or associated companies, whether
written, oral or in a visual or electronic form, and howsoever transmitted or
made available or for any loss howsoever arising from any use of this
announcement or its contents or otherwise arising in connection therewith.

 

BofA Securities is acting exclusively for the Company and no-one else in
connection with the Listing.  BofA Securities will not regard any other
person as its client in relation to the Listing and will not be responsible to
anyone other than the Company for providing the protections afforded to its
clients, nor for providing advice in relation to the Listing, the contents of
this announcement or any transaction, arrangement or other matter referred to
herein.

 

 

 

 

 

Group Profile

 

The Bank of Cyprus Group is the leading banking and financial services group
in Cyprus, providing a wide range of financial products and services which
include retail and commercial banking, finance, factoring, investment banking,
brokerage, fund management, private banking, life and general insurance. At 30
June 2024, the Bank of Cyprus Group operated through a total of 58 branches in
Cyprus, of which 3 operated as cash offices. The Bank of Cyprus Group employed
2,860 staff worldwide. At 30 June 2024, the Group's Total Assets amounted to
€25.5 bn and Total Equity was €2.6 bn. The Bank of Cyprus Group comprises
Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank of Cyprus
Public Company Limited and its subsidiaries.

 

 

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