Bank of Cyprus Holdings Public Limited Company on Friday announced the repurchase of 295,526 of its own ordinary shares between April 25, 2025, and May 1, 2025.
The shares, each with a nominal value of €0.10, were acquired on both the Cyprus Stock Exchange (CSE) and the Main Market of the Regulated Securities Market of the Athens Stock Exchange (ATHEX).
The transactions were carried out through the company’s broker, the Cyprus Investment and Securities Corporation Limited (CISCO).
According to the announcement, 60,526 shares were purchased on the Cyprus Stock Exchange and 235,000 on the Athens Stock Exchange.
The highest price paid per share was €5.70 on the CSE and €5.68 on the ATHEX.
The lowest price paid was €5.62 on the CSE and €5.60 on the ATHEX.
The volume weighted average price paid was €5.65 on the CSE and €5.63 on the ATHEX.
Bank of Cyprus stated that the repurchased shares will be cancelled towards the end of the ongoing buyback programme.
The purchases are part of the company’s previously announced intention, dated February 18, 2025, to buy back up to €30 million of its own shares.
“This announcement is being made in accordance with Article 5(1)(b) of Regulation EU No 596/2014, as amended,” the company said.
57 per cent of €30m share buyback programme completed
In a separate announcement on the CSE, the bank stated that, as of April 30, 2025, the total issued share capital of Bank of Cyprus Holdings Public Limited Company stood at 440,820,060 ordinary shares of nominal value €0.10 each, with each share carrying one vote.
The company held 3,052,027 ordinary shares in treasury as of that date.
These shares, it added, are pending cancellation and do not carry voting rights.
Accordingly, the total number of voting rights in the company as of April 30, 2025 is 437,768,033.
Shareholders may use the figure of 437,768,033 as the reference point when calculating their holdings.
This will help them determine whether they need to notify the company of any interest, or changes to their interest, under Irish transparency regulations and Central Bank rules.
Under the buyback programme announced on February 18, 2025, a total of 3,052,027 ordinary shares had been repurchased as of April 30, 2025.
The weighted average price of these repurchases was €5.58 per share. The total consideration paid to date amounts to €17,039,556.
Therefore, approximately 57 per cent of the maximum total value of the €30 million buyback programme has been completed.
