REG - Bank of Cyprus Hldgs - Changes in the composition of the Boards

Bank of Cyprus HoldingsAnnouncement

03/04/2023 10:15

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RNS Number : 1332V  Bank of Cyprus Holdings PLC  03 April 2023

Announcement

 

Changes in the composition of the Boards of Directors

 

Nicosia, 03 April 2023

 

 

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 at their respective meetings held on Friday, the
31(st) of March 2023, the following took place:

 

 

Resignation of Mr Arne Berggren from the Board of Directors

 

Mr Arne Berggren submitted his resignation as a member of each of the Boards
of Bank of Cyprus Holdings Public Limited Company and Bank of Cyprus Public
Company Limited.

 

Mr A. Berggren had served on the Board of Directors of Bank of Cyprus Public
Company Limited since November 2014 and on the Board of Directors of Bank of
Cyprus Holdings Public Limited Company since October 2016.

The Boards of Directors accepted the resignation of Mr A. Berggren and thanked
him for his valuable contribution to the Group over the years and wished him
every success for the future.

 

Nomination of Mr Adrian Lewis for appointment to the Board of Directors

 

The Boards of Bank of Cyprus Holdings Public Limited Company and Bank of
Cyprus Public Company Limited nominated Mr Adrian Lewis as a new member of
each of these Boards, subject to approval by the European Central Bank
("ECB").

 

Mr A. Lewis is currently a Managing Director at Namier Capital and a
non-executive Director at Bumblebee Power.  He has extensive experience
working in Equity Capital Markets by holding senior positions in UBS
Investment Bank and HSBC Bank plc from which he led significant equity
projects in West European countries as well as across the Middle East and
Asia. He has also helped establish ConvEx, the independent advisors for
equity-linked derivatives.  Based on his extensive experience, Mr. Adrian
Lewis' appointment will significantly enhance the Board's experience and
skillset in equity/investment banking related matters.

 

 

 

 

 

 

Change in the composition of the Nominations and Corporate Governance
Committee (NCGC)

 

The Boards of 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") appointed Mr Yiannis Zographakis to the NCGC.

 

 

The change is effective as of 01.04.2023, therefore as of this day the
composition of the Nominations & Corporate Governance Committee will be as
follows:

 

 

Takis Arapoglou (Chair)

Lyn Grobler

Maria Philippou

Yiannis Zographakis

 

The composition of the rest of the Committees of the Boards remains the same.

 

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
December 2022, 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 2,889 staff worldwide. At 31 December 2022, 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.

 

 

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