Announcement
Dividend Payment Options
Nicosia, 10 May 2024
Further to the announcement by Bank
of Cyprus Holdings Public Limited Company (the 'Company') dated 20 March 2024 on the
receipt of approval from the European Central Bank to pay a cash
dividend (subject to approval by shareholders at the Annual General
Meeting ('AGM') to be held on 17 May 2024), the Company would like
to inform its shareholders who hold their shares in the Company
through depositary interests on the Cyprus Stock Exchange
('CSE Shareholders') of the
following for any upcoming or future dividend payments:
(a) CSE Shareholders that are
customers of Bank of Cyprus Public Company Limited ('BOC') and are
not a legal person or person holding shares in the Company through
a jointly owned account on the Central
Securities Depository and Central Registry ('CSD'):
(i) to the extent that
they are 1bank subscribers and active users of the Internet Banking
and/ or BoC Mobile app, may elect to receive future dividend
payments (if any) by way of electronic transfer to a bank
account maintained with BOC registered in their name through
Internet Banking (https://online.bankofcyprus.com/Login_UI/Login
and then Profile/Dividend Payments)
or BoC Mobile app (Personal Information/Dividend Payments)
and
(ii) in the event that they are not
1bank subscribers,
may become subscribers without any charge and obtain access codes
through Internet Banking or BoC Mobile app and submit their
instructions in accordance with (i) above.
(b) CSE Shareholders who are
legal entities or hold their shares in the Company through a
jointly owned account on the CSD and are BOC customers, may
submit their request in writing, by completing the relevant
authorisation form which can be found
here and by following the
instructions included in the form.
(c) CSE Shareholders who are
not currently BOC customers may become customers by opening an
account with BOC via BoC Mobile app and submit their instructions
in accordance with (a)(i) above.
(d) CSE Shareholders who would
like to receive their dividend payments by way of electronic
transfer to an account in another financial institution, may submit
their request in writing by submitting the relevant form according
to the instructions included in the form. The form can be
found
here.
In the event that the Company's
articles of association ('Articles of Association') are amended, as
proposed in the AGM Notice 2024, the Company will no longer have
any obligation to send the amount of any dividend payment by cheque
if such amount is €2.00 or less (or such other amount as may be
determined from time to time). CSE Shareholders who submit
instructions for electronic transfers will effectively ensure the
payment to them of their dividend irrespective of its
amount.
CSE Shareholders' instructions for
electronic payments will be accepted at any time and will be
processed if received by the
Company at least 10 working days prior to the next dividend payment
date. Otherwise, the instructions will take effect from the
following dividend payment date.
The payment of any dividend is
always subject to the provisions of the Articles of Association and
applicable laws. Instructions will not be processed in the event
of:
a) a pledge of
securities;
b) securities held under
the control of an operator/ broker;
c) restrictions pursuant
to applicable sanctions, anti-terrorism laws or securities laws;
or
d) circumstances where
certain court orders prevail.
For further information, please
contact Investor Relations at investors@bankofcyprus.com.
Group
Profile
The Bank of Cyprus Group is the leading banking and financial
services group in Cyprus, providing a wide range of financial
products and services which include retail and commercial banking,
finance, factoring, investment banking, brokerage, fund management,
private banking, life and general insurance. At 31 December 2023,
the Bank of Cyprus Group operated through a total of 64 branches in
Cyprus, of which 4 operated as cash offices. The Bank of Cyprus
Group employed 2,830 staff worldwide. At 31 December 2023, the
Group's Total Assets amounted to €26.6 bn and Total Equity was €2.5
bn. The Bank of Cyprus Group comprises Bank of Cyprus Holdings
Public Limited Company, its subsidiary Bank of Cyprus Public
Company Limited and its subsidiaries.