You are here

BOCY: Amendment of conversion price of BCCCB capital securities

AMENDED CONVERSION PRICE FOR THE CONVERTIBLE CAPITAL SECURITIES

Holders of the Convertible Capital Securities of Bank of Cyprus Public Company Ltd (the “Company”) which are traded on the Cyprus Stock Exchange and the Athens Exchange with codes BCCCB/ΤΚΜΑΚ and BOCB2/ΚΥΠΡΟ2 respectively and ISIN:CY0141000212 (the “Capital Securities”) are informed that the conversion price of the Capital Securities has been amended pursuant to their terms given that the upcoming rights issue that was announced on 8 July 2010 is not extended to the holders of the Capital Securities. As of Tuesday, 7 September 2010 (Ex- Rights Date) the Company’s shares are traded on the CSE and the ATHEX excluding the right to participate in the Rights Issue.

The new amended Conversion Price has been calculated and set at €4,82.

The new amended Conversion Price will be applicable for the First Conversion Period which is between 15 to 30 September 2010 where holders may elect to convert their Capital Securities into Bank of Cyprus Public Company Ltd shares at the Conversion Price of €4,82 per Share.
Wednesday, 8 September, 2010 - 10:04