Bank of Cyprus board approves procedure for shares that emerged from the bail-in

The Board of Directors of Bank of Cyprus Public Company Ltd has approved the procedure for the transfer of shares of the Bank, which resulted from the implementation of the Bailing-In of Bank of Cyprus Public Company Limited Decrees of 2013 up to (No. 3) of 2013 that were issued by the Resolution Authority pursuant to the provisions of the Resolution of Credit and Other Institutions Law of 2013.

"This procedure relates only to these non-listed and non-dematerialised shares and will be in force up until these shares will be admitted for trading on the exchange," the bank said in a press release.