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Bank of Cyprus Advances Share Buyback Plan

Bank of Cyprus Advances Share Buyback Plan

Bank of Cyprus Holdings (GB:BOCH) has released an update.

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Bank of Cyprus Holdings PLC has announced the repurchase and cancellation of 61,600 of its own shares from the London and Cyprus Stock Exchanges as part of a larger €25 million share buyback program. The shares were acquired through brokers Numis Securities Limited and The Cyprus Investment and Securities Corporation Limited, at prices ranging between £4.15 and £4.22 on the LSE, and €4.93 and €5.08 on the CSE. This move is in line with the company’s announced intentions to enhance shareholder value through the buyback program initiated earlier in April 2024.

For further insights into GB:BOCH stock, check out TipRanks’ Stock Analysis page.

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