RCS - Bank of Cyprus Hldgs - Intention to launch the share buyback on ATHEX

Bank of Cyprus HoldingsAnnouncement

20/09/2024 10:00

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RNS Number : 0418F  Bank of Cyprus Holdings PLC  20 September 2024

 

 

Announcement

 

Intention to launch the share buyback on the Athens Stock Exchange

 

 

Nicosia, 20 September 2024

 

 

Bank of Cyprus Holdings Public Limited Company (the "Company") is pleased to
announce in connection with the listing for trading of its ordinary shares
(the "Ordinary Shares") on the Main Market of the Regulated Securities Market
of the Athens Stock Exchange ("ATHEX"), the launch of a share buyback on ATHEX
with effect from 23 September 2024. The commencement of share buybacks on
ATHEX forms part of the share buyback programme to repurchase Ordinary Shares
for up to a maximum aggregate consideration of €25 million (the "Programme")
as approved by the European Central Bank on 15 March 2024. The share buybacks
on ATHEX will not change the size of the Programme and will run concurrently
with the share buyback on the Cyprus Stock Exchange, which will continue
pursuant to the Programme and will not be affected.

 

As a result of 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"), the Company terminated its share
buybacks on the LSE, pursuant to the Programme with effect from 19 September
2024.

 

The launch and implementation of any share buyback shall comply with the
Company's general authority to repurchase Ordinary Shares as approved by
shareholders at the Company's annual general meeting held on 17 May 2024.

 

Further details concerning the proposed share buyback will be announced in due
course.

 

For further information, please contact Investor Relations at
investors@bankofcyprus.com (mailto:investors@bankofcyprus.com) .

 

 

 

 

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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