Bank of Cyprus Holdings PLC Long Term Incentive Plan (3168L)
30 December 2022 - 6:33PM
UK Regulatory
TIDMBOCH
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 EUR26.2 bn and Total equity was
EUR2.0 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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