INFORMATION REGARDING THE CONVERSION PROCEDURE OF CONVERTIBLE BONDS 2013/2018
The holders of the Bank of Cyprus Convertible Bonds 2013/2018 which are traded on the Cyprus Stock Exchange and the Athens Exchange with codes BCCB/ΤΡΚΜΧ and BOCB1/ΚΥΠΡΟ1 respectively (the “Convertible Bonds”) are informed that the period between 15 to 30 September 2010 is the First Period they may elect to convert their Convertible Bonds into Bank of Cyprus Public Company Ltd (the “Bank”) shares (the “shares”) at the current Conversion Price of €10,50 per Share.
Information regarding the conversion procedure as well as the application for conversion of the Convertible Bonds 2013/2018 are available on the Group’s website www.bankofcyprus.com (Inv. Relations/Shareholder Structure and Share/ Convertible Bonds).
It is also reminded that the conversion price of the Convertible Bonds will be amended pursuant to their terms as the upcoming rights issue that was announced on 8 July 2010 is not extended to these stakeholders. The new amended conversion price for the Convertible Bonds will be announced by the Bank after the Bank’s shares trade as ex–rights on the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX).
The holders of the Bank of Cyprus Convertible Bonds 2013/2018 which are traded on the Cyprus Stock Exchange and the Athens Exchange with codes BCCB/ΤΡΚΜΧ and BOCB1/ΚΥΠΡΟ1 respectively (the “Convertible Bonds”) are informed that the period between 15 to 30 September 2010 is the First Period they may elect to convert their Convertible Bonds into Bank of Cyprus Public Company Ltd (the “Bank”) shares (the “shares”) at the current Conversion Price of €10,50 per Share.
Information regarding the conversion procedure as well as the application for conversion of the Convertible Bonds 2013/2018 are available on the Group’s website www.bankofcyprus.com (Inv. Relations/Shareholder Structure and Share/ Convertible Bonds).
It is also reminded that the conversion price of the Convertible Bonds will be amended pursuant to their terms as the upcoming rights issue that was announced on 8 July 2010 is not extended to these stakeholders. The new amended conversion price for the Convertible Bonds will be announced by the Bank after the Bank’s shares trade as ex–rights on the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX).
Wednesday, 11 August, 2010 - 12:52