Announcement
Bank of Cyprus Holdings Public
Limited Company announces approval of listing on the Athens Stock
Exchange and publication of an updated Summary Document
Nicosia, 17 September
2024
NOT
FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY,
IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO
WOULD VIOLATE THE LAWS OF THAT JURISDICTION
On 19 August 2024, Bank of Cyprus Holdings
Public Limited Company (the "Company") announced the publication of
a shareholder circular and summary document in connection with the
proposed listing of its ordinary shares (ISIN code: IE00BD5B1Y92)
(the "Ordinary Shares") on
the Main Market of the Regulated Securities Market of the Athens
Stock Exchange ("ATHEX")
(the "Listing") and the
delisting of the Ordinary Shares from the international commercial
companies secondary listing category of the Official List of the
London Stock Exchange Group plc (the "LSE") and the subsequent cancellation
of the LSE listing (the "Delisting").
As announced on 19 August 2024, the Listing was
subject to approval from the shareholders of the Company
("Shareholder Approval")
and the Listings and Market Operation Committee of ATHEX (the
"ATHEX Listing Committee")
and market conditions.
Following receipt of Shareholder Approval on 13
September 2024, the ATHEX Listing Committee today informed the
Company that it has approved the Company's application for the
Listing (the "ATHEX
Approval"). Trading of the Ordinary Shares on ATHEX is
expected to commence at 10:15 a.m. (Greek time) on 23 September
2024.
Following receipt of Shareholder Approval and
the ATHEX Approval, the Company has today published an updated
summary document, in connection with the Listing, for the purposes
of Article 1(5)(j) of the EU Prospectus Regulation (Regulation (EU)
No. 2017/1129) (the "Summary
Document"). The Summary Document is not a prospectus and has
not been approved by the Hellenic Capital Markets Commission or any
other regulatory authority.
Following receipt of Shareholder Approval and
the ATHEX Approval, the Company has applied to the UK Financial
Conduct Authority for the Delisting to become effective at
8:00 a.m. (London time) on 19 September 2024. The last day of
trading of the Ordinary Shares on the LSE is expected to be 18
September 2024, with trading to be suspended at 4:30 p.m. (London
time).
The updated Summary Document is available on
the Company's website at
https://www.bankofcyprus.com/en-gb/group/investor-relations/our-group/listing-on-ATHEX/.
Disclaimer
The Company
is not offering any new shares nor any other securities to the
public in connection with the Listing. This announcement does not
constitute an invitation or offer to sell, or the solicitation of
an invitation or offer to subscribe for or to buy, any shares nor
any other securities of the Company in any
jurisdiction.
The actions
proposed to be taken by the Company that are described in this
announcement are subject to the decision of the Company to proceed
with such actions. The Company may decide not to proceed with, or
to amend these actions at its absolute
discretion.
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 June 2024, the
Bank of Cyprus Group operated through a total of 58 branches in
Cyprus, of which 3 operated as cash offices. The Bank of Cyprus
Group employed 2,860 staff worldwide. At 30 June 2024, the Group's
Total Assets amounted to €25.5 bn and Total Equity was €2.6 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.
