REG - Bank of Cyprus Hldgs - Buyback of Additional Tier 1 Capital Securities

Bank of Cyprus HoldingsAnnouncement

03/07/2023 12:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20230703:nRSC7690Ea&default-theme=true

RNS Number : 7690E  Bank of Cyprus Holdings PLC  03 July 2023

 
 

 

Announcement

Buyback of Additional Tier 1 Capital Securities

 

Nicosia, 3 July 2023

 

 

 

 

 

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 31
March 2023, the Bank of Cyprus Group operated through a total of 64 branches
in Cyprus, of which 4 operated as cash offices. The Bank of Cyprus Group
employed 2,883 staff worldwide. At 31 March 2023, the Group's Total Assets
amounted to €25.4 bn and Total Equity was €2.1 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.

 

Following the June 2023 refinancing and offer by Bank of Cyprus Holdings
Public Limited Company (the "Offeror") to purchase any and all of its €220
mn Fixed Rate Reset Perpetual Additional Tier 1 Capital Securities callable in
December 2023 (ISIN: XS1865594870) (the "Capital Securities'"), c.€16 mn in
aggregate nominal amount of the Capital Securities remained outstanding.

Bank of Cyprus Holdings Public Limited Company ("BOC Holdings" and, together
with its subsidiary, the Bank, and the Bank's subsidiaries, the "Group")
hereby announces that the Offeror has purchased a further c.€7 mn of the
Capital Securities in the open market, as part of the Group's ongoing active
management of its capital position and liabilities.

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

 

 

 

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCDZGGNGFDGFZM