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Bank of Cyprus BCDD bonds will be converted into shares until Oct 22

BANK OF CYPRUS LTD 6,75% SUBORDINATED CONVERTIBLE BONDS DUE 2003


The holders of the Bank of Cyprus Ltd 6,75% Subordinated Convertible Bonds due 2003 (“the Bonds”) are informed that, according to the Terms and Conditions of the Bonds, they have the right to convert such Bonds into shares at any time up until Wednesday, 22 October 2003.

The Conversion Price is ₤1,25 per share.

Any Bonds which are not converted into shares, will be redeemed at their principal amount plus any accrued interest on 31 October 2003.

The last date on which the Bonds will be traded on the Cyprus Stock Exchange (CSE) is Monday, 20 October 2003.

For the purposes of providing the Bond holders with more complete information, it is mentioned that the closing price of the Bank of Cyprus share on the CSE on 7 October 2003 was ₤1,39.

For further information regarding the Bonds, the Bond holders may contact the Company’s Registered Office, 51 Stassinos street, Ayia Paraskevi, Strovolos, Nicosia, tel. 22842100.
Wednesday, 8 October, 2003 - 12:19