REG - Bank of Cyprus Hldgs - Long Term Incentive Plan

Bank of Cyprus HoldingsAnnouncement

30/12/2022 07:45

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RNS Number : 3168L  Bank of Cyprus Holdings PLC  30 December 2022

Announcement

 

LONG TERM INCENTIVE PLAN

 

Nicosia, 30 December 2022

 

 

 

This is to announce that further to the Special Resolution that was passed at
the last Annual General Meeting of the shareholders of the Bank of Cyprus
Holdings Public Limited Company ("the Company" or "the Bank") which was held
at the Company's Headquarters on Friday, 20 May 2022, the Board of Directors
of the Company has approved the establishment and implementation of a
long-term incentive plan (the "2022 LTIP") involving the granting of share
awards to eligible employees of the Company and/or its subsidiaries.  The
eligible employees have been notified accordingly and in pursuance to the
rules and terms of the 2022 LTIP.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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
September 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 2,955 staff worldwide. At 30 September 2022, the Group's Total
assets amounted to €26.2 bn and Total equity was €2.0 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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