Long Term Incentive Plan

RNS Number : 3168L

Bank of Cyprus Holdings PLC

30 December 2022

 

Announcement

LONG TERM INCENTIVE PLAN  

Nicosia, 30 December 2022

This is to announce that further to the Special Resolution that was passed at the last Annual General Meeting of the shareholders of the Bank of Cyprus Holdings Public Limited Company ("the Company" or "the Bank") which was held at the Company's Headquarters on Friday, 20 May 2022, the Board of Directors of the Company has approved the establishment and implementation of a long-term incentive plan (the "2022 LTIP") involving the granting of share awards to eligible employees of the Company and/or its subsidiaries.  The eligible employees have been notified accordingly and in pursuance to the rules and terms of the 2022 LTIP.

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 30 September 2022, 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 2,955 staff worldwide. At 30 September 2022, the Group's Total assets amounted to €26.2 bn and Total equity was €2.0 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.

 

END

 

 

MSCFIFFDFTLIVIF