The Bank of Cyprus has announced a new share buyback transaction as part of its ongoing repurchase programme.
According to a statement issued on Friday, the bank acquired a total of 312,726 ordinary shares between March 14, 2025, and March 20, 2025.
Each share, valued at €0.10, was purchased on the Cyprus Stock Exchange and the Main Market of the Regulated Market of the Athens Stock Exchange through the company’s appointed brokers, the Cyprus Investment and Securities Corporation Ltd.
The acquired shares are expected to be cancelled upon the conclusion of the buyback programme.
This transaction forms part of the bank’s broader strategy to repurchase shares, with the total allocated amount reaching up to €30 million.
The buyback programme was initially announced on February 18, 2025, aligning with the bank’s capital management objectives and commitment to delivering value to shareholders.
Source:www.cyprus-mail.com