Laiki rights at CYP 1.20

The Board of Directors of the Cyprus Popular Bank Public Co. Ltd. decided to proceed with a Rights issue in the ratio of one right for every six shares at the exercise price of CYP 1.20 per share.

The remaining terms of the Issue (record date, trading and exercise periods) will be decided at a later stage and will depend on the date of approval of the Prospectus.

The proceeds of the Issue amounting to CYP 75 mln will be used for further expansion of the Group in Cyprus and abroad, the Bank said.