articles | 20 September 2014

Bank of Cyprus completes closing of the placing and open offering

The closing of the Placing and Open Offer of the Bankof Cyprus Public Company Ltd successfully took place recently, according to a press release.

The Bank of Cyprus has received full payment for the Placing Shares and the Open Offer Shares and has issued 4,166,666,667 new ordinary shares with nominal value of €0.10 each at a price per share of €0.24. 

As a result of this issue, the Bank’s issued share capital now comprises 8,922,377,345 ordinary shares with a nominal value of €0.10 each. 

In accordance with Cyprus Law 190 (I)/2007 and the Securities and Cyprus Stock Exchange Law (articles 171 and 172), the Bank hereby declares that it has been notified that the shareholders that own 5% or more of the Bank’s issued share capital are Cyprus Popular Bank Public Co Ltd with 9,624%, Renova Group with 5,455%, TD Asset Management with 5,232%, and European Bank for Reconstruction and Development with 5,021%.

Source: Financial Mirror

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