The Bank of Cyprus on Wednesday provided an update on its total voting rights, share capital, and the progress of its share buyback programme.
Specifically, the bank reported that 28 per cent of the buyback programme has already been executed.
According to the announcement, as of March 31, 2025, the company had repurchased 1,496,122 shares at a weighted average price of €5.69 per share, amounting to a total expenditure of €8,505,999.
The share buyback programme, initially announced on February 18, 2025, aims to reduce the company’s share capital, with the repurchased shares expected to be cancelled upon completion.
In parallel with the buyback update, the company has also provided details regarding its total voting rights and share capital.
The total issued share capital stands at 440,820,060 ordinary shares, each with a nominal value of €0.10 and carrying one voting right.
However, following the repurchase of treasury shares, which do not carry voting rights, the total number of voting rights in the company is now 439,642,755.
This figure is the relevant denominator for shareholders in compliance with Ireland’s Transparency Regulations (Directive 2004/109/EC) of 2007, as amended, and the Central Bank of Ireland’s 2019 Investment Market Conduct Rules.
