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BoC: Suspension of Trading of Existing Shares

BoC: Suspension of Trading of Existing Shares

Following the announcement on 21 December 2016 of the sanctioning of the scheme of arrangement under sections 198 to 200 of the Cyprus Companies Law between Bank of Cyprus Public Company Limited, Bank of Cyprus Holdings Public Limited Company and the Bank’s Shareholders by the District Court of Nicosia, the Bank has announced that its Existing Shares shall be suspended from trading on the CSE and ATHEX with effect from and including 10 January 2017.

In addition, as of 5:30 p.m on 9 January 2017, the following transactions involving Existing Shares will not be executed: off exchange transfers, transfers between CSE and ATHEX and vice versa, transfers between operators, transfers from operators to the special investor account and vice versa and ‘over the counter’ transactions with a transaction date after 9 January 2017, except if such transactions are required for the settlement of stock exchange transactions carried out until and including 9 January 2017.

Subject to obtaining the necessary regulatory approvals, and based on the expected timetable of principal events contained in the Shareholders’ Circular published by the Bank on 21 November 2016 setting out the full details of the Scheme, the trading in New Shares on the CSE and  the LSE is expected to commence on 19 January 2017.

Shareholders are required to return the Share Election Form in accordance with the instructions set out therein by close of business on 10 January 2017.

Unless otherwise stated, all capitalised terms used in this announcement have the meanings given to them in the Circular and all references to times are to Cyprus times. Any amendments to this timetable will be announced by the Bank and/or BOCH in due course, including a posting of the announcement on the Bank’s website, www.bankofcyprus.com.

 

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