BOC to re-list on CSE by end of Oc­to­ber

Financial Mirror (Cyprus) - - FRONT PAGE -

The Bank of Cyprus, which was re­cap­i­talised with de­pos­i­tors’ money last year and raised a fur­ther 1 bln euros from new in­vestors this year, is ex­pected to re­sume trad­ing on the Cyprus Stock Ex­change by the end of Oc­to­ber, ac­cord­ing to the Cyprus Se­cu­ri­ties and Ex­change Com­mis­sion (CySEC) chair­woman Deme­tra Kalogerou.

She said that the bank has al­ready sub­mit­ted the prospec­tus re­lat­ing to the sec­ond phase of the in­crease in its cap­i­tal share for the place­ment to re­tail in­vestors of 100 mln euros worth of shares, is­sued at 24c, the same price of­fered to strate­gic in­vestors Wil­bur Ross and the Euro­pean Bank of Re­con­struc­tion and De­vel­op­ment that have pledged 520 mln euros worth.

The CySEC chief that the Com­mis­sion will try to ap­prove the prospec­tus, to al­low to the bank to re-list its shares on the CSE in late Oc­to­ber.

Newspapers in English

Newspapers from Cyprus

© PressReader. All rights reserved.