BOCY approves capital increase

First Published:

23/07/2010 11:08:14

Bank of Cyprus decided to increase its authorized capital from €750 million to €1.1 billion. The decision was taken within the framework of today’s Extraordinary General Meeting. Specifically, “the EGM discussed and approved the increase of the authorised share capital of the Company from €750.000.000 to €1.100.000.000 by creating 350.000.000 new ordinary shares of nominal value €1,00 each which will rank pari passu with the existing ordinary shares of the Company”. The EGM was attended by 2.085 shareholders, either in person or by proxy, who represented 211.131.118 shares, that is 34,94% of the total issued share capital.

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BANK OF CYPRUS PUBL. (CR) (BOCY)