Present at the opening ceremony of the Bank's shares will be its President Joseph Ackerman, and its CEO John Hurricane.
The trading of the Bank's share will be done with a reference price of € 3,22.
As announced, the total number of ordinary shares of BOCH, with a nominal value of € 0,10 per share, amounts to 446.199.933 and has been calculated according to the consolidation basis.
According to the newsletter, every 20 old shares have been converted into new ones and trading on both stock exchanges will be in euros. The share capital of Bank of Cyprus on September 30, 2016 amounted to 8.922.944.533 shares with a nominal value of € 0,10 each.
Meanwhile, Vice President Wilbur Ross, who is taking over the Ministry of Commerce in the Donald Trump Administration in the USA, is resigning from the Board of Directors of Bank of Cyprus.
The appointment of Ross does not affect participation in Bank of Cyprus, says the WL Ross & Co. LLC
The participation of the WL Ross & Co. group LLC in the share capital of Bank of Cyprus will not be affected by the appointment of Mr. Ross as Minister of Commerce of the Donald Trump government, the Group assures in an announcement.
On the occasion of press reports regarding the participation of the WL Ross & Co. LLC in the Bank of Cyprus complex, the Group states in the announcement that it will continue to actively participate in Bank of Cyprus and is in consultation with the Bank for the replacement of Mr. Ross on the Board.
Finally, the WL Ross & Co. LLC is satisfied with the progress made by the management team of Bank of Cyprus in relation to the strategy it implements and looks forward to the continuation of their cooperation.
Source: SigmaLive
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