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The Bank of Cyprus made its debut on the Athens Stock Exchange (ASE) today, following the delisting of its shares from the London Stock Exchange (LSE).
According to Panayiotis Rougalas' article published in Kathimerini Cyprus in Greek, after several years absent, the bank’s shares are now officially listed on the ASE.
Trading of the Bank of Cyprus shares started at 10:15 a.m. (local time) under the symbol "BOCHGR." The initial trading price on the ASE is set at €4.78 per share, matching the closing price on the Cyprus Stock Exchange (CSE) as of September 20, 2024.
"This milestone represents another significant step for our Group, now a strong financial services organization with a high-quality balance sheet, robust capital, liquidity, and sustainable recurring profitability," said Bank of Cyprus Chairman Takis Arapoglou.
In a written statement, Arapoglou emphasized that the board believes the listing will boost liquidity and expand the Group's visibility to a broader investor base, benefiting both shareholders and the organization. He added, "We look forward to working with more investors as a result of this listing on the Athens Stock Exchange."
The delisting from the LSE's International Commercial Companies secondary market and the subsequent cancellation of the LSE listing took effect at 8:00 a.m. (London time) on September 19, 2024.
