The Bank of Cyprus (BoC) has confirmed that 276,274 new shares, issued under incentive schemes for senior executives, will commence trading on May 20, 2026. This significant move will take place on both Euronext Athens and the Cyprus Stock Exchange (CSE).
The shares were allocated on March 18, 2026, and April 2, 2026, specifically to twenty members of the bank’s general management, which includes a former executive. This allocation process aligns with the bank’s long-term and short-term incentive plans that were approved at annual general meetings in 2022, 2023, and 2024, as well as subsequent decisions made by the bank’s board of directors.
On May 19, 2026, the admissions of the new shares received approval from both Euronext Athens and the Cyprus Stock Exchange. Following this, the new shares will be registered in the central securities depository of the Cyprus Stock Exchange and credited to the beneficiaries’ accounts within the dematerialised securities system.
Importantly, these new shares will carry the same rights as existing ordinary shares, ranking equally with all previously issued fully paid shares of the company. As of the announcement date, the bank’s issued share capital stands at 435,962,305 ordinary shares, each with a nominal value of €0.10.
Beneficiaries of these new shares are required to adhere to a one-year holding requirement, meaning they must retain ownership for at least one year following the vesting date. This stipulation underscores the bank’s commitment to long-term performance and stability.
