Bank of Cyprus Holdings PLC Update - Migration of BOCH shares to the Euroclear (8377R)
March 10 2021 - 8:19AM
UK Regulatory
TIDMBOCH
RNS Number : 8377R
Bank of Cyprus Holdings PLC
10 March 2021
Announ cement
Update regarding the migration of Bank of Cyprus Holdings Public
Limited Company's shares to the Euroclear Bank's Central Securities
Depository
Nicosia, 10 March 2021
Following the issue of the Bank of Cyprus Holdings Public
Limited Company (the "Company") circular to Shareholders on 13
January 2021 (the "Circular ") and the approval by Shareholders of
the necessary resolutions to effect the Migration at the Company's
Extraordinary General Meeting on 5 February 2021, the Company
provides the following update in relation to the migration of Irish
corporate securities from CREST to Euroclear Bank ("Migration")
under the Migration of Participating Securities Act 2019.
Shareholders' attention is drawn to the statement published by
Euronext Dublin on 8 March 2021 which can be found at
https://www.euronext.com/en/media/4354/download .
In its statement, Euronext Dublin has advised that the Live Date
on which Migration is to take effect is 15 March 2021 and further
that, subject to final testing, this date will formally be
appointed by Euronext Dublin as the Live Date for Migration, on the
evening of Friday, 12 March 2021.
Accordingly, the timetable of principal events set out below
reflects the Company's current expectations and no change is
anticipated to the other aspects of the indicative timetable set
out in the Circular:
Timetable for Key Migration Steps(1)(2)
Latest time and date for Shareholders who 12.00 p.m. on Thursday,
hold their Shares in uncertificated (i.e. 11 March 2021
dematerialised) form and who do not want their
Shares to be subject to Migration to withdraw
the relevant Shares from the CREST System
and hold them in certificated (i.e. paper)
form
EUI to stop settlement of trades in Irish 6.00 p.m. on Friday,
Securities pursuant to the Irish CREST Regulations 12 March 2021
------------------------
Migration Record Date 7.00 p.m. on Friday,
12 March 2021
------------------------
Live Date(3) Expected to be set
as Monday, 15 March
2021
------------------------
Notes:
(1) All references to times refer to Irish times.
(2) If there are any inconsistencies between this announcement
and the indicative timetable included in the
Circular, this announcement shall prevail.
(3) If, in exceptional circumstances, the Migration does not
proceed as planned over the weekend of 13-14 March 2021 and the
Live Date is therefore postponed, the Company will give notice of
that fact by issuing an announcement.
If, for any reason, the Migration does not proceed as expected
over the weekend of 13-14 March 2021 and the Live Date is therefore
postponed, the Company will give notice of that fact by issuing an
announcement and will issue a revised timetable of principal
events.
Further Information in relation to the Migration
Further information on the Migration, including the Circular and
other associated documents, are available at
https://www.bankofcyprus.com/en-GB/investor-relations-new/shareholder-information/extraordinary-general-meetings/
.
Shareholders should consult their own broker, custodian or other
independent professional advisers if they have queries in relation
to the Migration.
The defined terms set out in Part 9 of the Circular have the
same meaning when used in this announcement.
If you have any queries, please contact Investor Relations at
investors@bankofcyprus.com .
Group Prof i le
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. The Bank of Cyprus
Group operates through a total of 95 branches in Cyprus, of which
11 operate as cash offices. Bank of Cyprus also has representative
offices in Russia, Ukraine and China. The Bank of Cyprus Group
employs 3,572 staff worldwide. At 31 December 2020, the Group's
Total Assets amounted to EUR21.5 bn and Total Equity was EUR2.1 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.
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