The Chairman of the Bank of Cyprus Group, Takis Arapoglou, has described the commencement of trading of the bank’s ordinary shares on the Athens Stock Exchange (ASE) under the symbol "BOCHGR" as another milestone for the Group.

In a statement today, the Bank of Cyprus Holdings Public Limited Company announced that following the successful listing of its ordinary shares (ISIN code: IE00BD5B1Y92) on the Main Market of the Regulated Market of the Athens Stock Exchange on September 17, 2024, the trading of the ordinary shares will begin today, September 23, 2024, at 10:15 a.m. (Greek time), under the symbol "BOCHGR."

It noted that the opening price of the ordinary shares on the ASE will be the same as the closing price of the ordinary shares on the Main Market of the Cyprus Stock Exchange (CSE) on September 20, 2024, which was €4.78.

The company also announced that the delisting of its ordinary shares from the secondary listing of international commercial companies on the Official List of the London Stock Exchange Group plc (LSE) and the subsequent cancellation of the listing on the LSE took effect at 8:00 a.m. (London time) on September 19, 2024, as previously announced.

The ordinary shares will continue to be traded on the CSE under the symbol "BOCH/ΤΡΚΗ."

According to the Bank of Cyprus, Ireland will remain its country of origin for the purposes of applying the EU Transparency Directive Regulations (2004/109/EC), while Bank of America Europe DAC ('BofA Securities') acted as the company's corporate broker for the listing.

It also mentioned that Arthur Cox LLP acted as the company’s legal advisor for Irish law, PotamitisVekris as the legal advisor for Greek law, and Chryssafinis and Polyviou LLC as the legal advisors for Cypriot law in relation to the listing.

In a statement accompanying the Bank of Cyprus announcement, Chairman Takis Arapoglou noted that "the commencement of trading on the Athens Stock Exchange represents another milestone for the Group, which is now a strong financial services organization with a high-quality balance sheet, strong capital and liquidity, and sustainable, recurring profitability."

"The Board of Directors believes that this listing has the potential to enhance the liquidity of our shares and increase the Group's visibility among a broader relevant investor base, benefiting both shareholders and the Group," he emphasized.

Finally, Mr. Arapoglou thanked the bank’s shareholders for approving this important step in the Group’s growth and stated that he looks forward to working with more investors as a result of the listing on the Athens Stock Exchange.

In a separate announcement today, regarding the listing of its ordinary shares on the Main Market of the Regulated Market of the Athens Stock Exchange, Bank of Cyprus Holdings Public Limited Company also announced the start of its share buyback program on the ASE, effective from September 23, 2024.

In the announcement, the bank stated that the start of the share buyback program on the ASE is part of its overall share buyback program for the repurchase of ordinary shares, with a total value of up to €25 million, as approved by the European Central Bank on March 15, 2024.

According to the Bank of Cyprus, the buyback of ordinary shares on the ASE will not alter the size of the program and will run in parallel with the ongoing buyback on the Cyprus Stock Exchange (CSE), which will continue as planned and remain unaffected.