REG - Bank of Cyprus Hldgs - Change in the composition of the Board Committees

Bank of Cyprus HoldingsAnnouncement

27/10/2022 07:01

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221027:nRSa3103Ea&default-theme=true

RNS Number : 3103E  Bank of Cyprus Holdings PLC  27 October 2022

Announcement

 

Change in the composition of the Board Committees

 

Nicosia, 27 October 2022

Bank of Cyprus Holdings Public Limited Company ("BOC Holdings" and, together
with its subsidiaries, the "Group"), and Bank of Cyprus Public Company Limited
(the "Bank") announce that Mr Ioannis Zographakis has completed nine (9) years
as a member of both Boards of Directors and is no longer considered
independent, in accordance with the CBC Internal Governance Directive for
Credit Institutions of 2021.

The Boards at their respective meetings held on 26 October 2022, decided to
appoint Mr Constantine Iordanou as Senior Independent Director in place of Mr
Ioannis Zographakis, and Mrs Paula Hadjisotiriou as Chair of the Risk
Committee. Mr Ioannis Zographakis will continue to serve on both Boards as a
non-independent member.

 

The new composition of the Risk Committee, Audit Committee and Technology
Committee of the Board as of this date, is as follows:

 

Risk Committee

Paula Hadjisotiriou (Chair)

Nicolaos Sofianos

Constantine Iordanou

 

Audit Committee

Nicolaos Sofianos (Chair)

Arne Berggren

Paula Hadjisotiriou

 

Technology Committee

Lyn Grobler (Chair)

Ioannis Zographakis

Arne Berggren

Paula Hadjisotiriou

 

The composition of the following Committees of the Board remains the same:

 

Nominations & Corporate Governance Committee

Takis Arapoglou (Chair)

Arne Berggren

Lyn Grobler

Maria Philippou

 

Human Resources & Remuneration Committee

Maria Philippou (Chair)

Lyn Grobler

Constantine Iordanou

 

 

Ethics, Conduct & Culture Committee

Ioannis Zographakis (Chair)

Maria Philippou

 

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 2022, the Bank of Cyprus Group operated through a total of 86 branches in
Cyprus, of which 11 operated as cash offices*. At 30 June 2022, the Group's
Total assets amounted to €25.8 bn and Total equity was €2.1 bn. The Bank
of Cyprus Group employed 3,422 staff worldwide**. The Bank of Cyprus Group
comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank
of Cyprus Public Company Limited and its subsidiaries.

*The number of branches and cash offices were reduced by 15 and 7 respectively
on 1 July 2022.

** The number of staff has been reduced by c.550 employees following the
completion of a voluntary staff exit plan in July 2022.

 

 

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  BOAEASEXALDAFEA