BOC dividend reinvestment plan sets CYP 1.60 share price

The price at which the Bank of Cyprus (BOC) shares will be issued to the shareholders who opted to participate in the Dividend Reinvestment Plan with respect to the dividend for 2004 has been set at CYP 1,60 (EUR 2,77) per share.

The dividend for 2004 was set at 4 cents a share.

In accordance with the Terms and Operating Conditions of the Plan, the price at which the shares will be issued has been calculated as 90% (a discount of 10%) of the weighted average closing price of the BOC share (“the Share”) on the Cyprus Stock Exchange (CSE) and the Athens Exchange (XAA) of the first five working days during which the share is quoted ex-dividend.

The dividend for 2004 will be paid to shareholders on June 16 and a subsequent letter of allotment will be mailed to the shareholders participating in the plan. The new shares will be credited to the depository accounts of the participating shareholders whose shares are deposited at the Central Registry/ Central Depository of the CSE, as well as to the securities accounts of the participating shareholders who have deposited their shares in the Dematerialised Securities System of the Athens Central Depository of the XAA.