Bank of Cyprus (BoC) said recently it had received just over €100m in offers for shares from existing shareholders during the process known as the ‘clawback’.
The lender said it had received offers amounting to €103.9m, which represent 10.39% of the €1.0 billion new capital it raised in July.
Existing shareholders could apply for up to 20% in aggregate of the total number of shares offered to qualified investors in the first phase.
The minimum purchase per investor in the clawback was €100,000 and all existing shareholders were eligible to participate.
The capital raise is subject to shareholder approval in an EGM scheduled for next Thursday, August 28.
Source: Cyprus Mail