The Bank of Cyprus on Monday announced the purchase of 24,800 ordinary shares on the Cyprus Stock Exchange (CSE) as part of its ongoing share buyback programme.
The shares, each with a nominal value of €0.10, were acquired through the bank’s broker, the Cyprus Investment and Securities Corporation Limited (CISCO).
According to the announcement, the purchased shares are set to be cancelled, aligning with the bank’s strategy to return value to shareholders.
Specifically, the total number of shares purchased was 24,800, with the highest price paid per share being €4.79. The lowest price paid was €4.78. The volume-weighted average price for the shares was €4.78.
These purchases are part of a broader buyback programme, announced on April 19, 2024, in which the bank plans to repurchase shares worth up to €25 million.
In compliance with Article 5(1)(b) of Regulation (EU) No 596/2014, a detailed breakdown of individual trades executed on September 20, 2024, was also made available.
For additional information, interested parties can contact the bank directly at [email protected].
