You are here

CSE: CAIR to list 391.16m rights

The CSE Council announces that it has accepted the listing of 391,155,177 nil-paid rights of Cyprus Airways Public Ltd, pursuant to Article 58(I) of the CSE Law.

The nil-paid rights were allocated to the ratio of 1 right per share. Each 25 rights exercised will be converted into 144 new fully paid shares with an exercise price of €0.02 each. The exercise period will commence on January 18, 2013 and will expire on February 7, 2013.

The trading will commence on January 18, 2013 and will end on January 31, 2013 (both dates inclusive). The CSE will undertake the observance of the above Register in the Central Depository.

Their code will be ΚΑΔΠ/ CARS and the ISIN Code CY0123410512.

It is noted that the trading of the shares that will result from the exercise of rights will commence on March 4, 2013, so long as the CSE ensures that the Registers have been submitted in electronic form and fulfil all requirements set by the CSE, pursuant to Regulation 4 of the CSE Regulations 2001.
Tuesday, 15 January, 2013 - 13:06