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
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The Board of Directors of Universal Bank (USB) announced Thursday that it has accepted the resignation, with immediate effect, of Sotiris Kallis from its board, following his appointment to the board of the Hellenic Bank. Kallis’ nomination during Hellenic’s AGM on Wednesday met with stiff resistance from some of the shareholders who feared he would
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Cyprus retail sales volumes rose by a buoyant 8.8% in February compared with the same month of the previous year, while sales in value terms rose even higher, by 9.8%. Both rates of growth were higher than those recorded in January, when volumes rose 4.2% year on year and values rose by 5.8%. A breakdown
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The government has rejected proposals by the Turkish Cypriot Karpass municipal authorities to set up a students’ assembly comprising Greek Cypriot and Turkish Cypriot schoolchildren. A small community of Greek Cypriots remained in Karpass after the invasion in 1974 and were enclaved with UN protection. Education of the children of the enclaved of Karpass has
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10% oppose the deal A takeover attempt by Carrefour Marinopoulos S.A, seeking 100% control of Chris Cash & Carry (CHR), has run into trouble, after investors owning at least 10% of the share capital made it known that they will oppose the deal. The opposing group, led by Demetra Investments (DEM), owning at least 5%
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Laiki Bank Group is planning to tap the local capital markets in search of capital in an attempt to boost its Tier 1 capital, which is needed to finance its rapid expansion drive abroad. Laiki Chairman & Chief Executive Kikis Lazarides told shareholders during his AGM address that the Bank will very soon make an
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Outlook positive for Main Market stocks The first quarter results reported by 23 of the 165 CSE listed companies surged by an impressive 156%, leading many to expect that at least one quarter of the listed stocks will manage to report impressive profit increases for the whole of 2005. The combined results of the reporting
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McAfee, a pioneer and leader of intrusion prevention solutions (IPS), has been named the worldwide revenue market share leader in-line network intrusion, for the year 2004, by the Infonetics Research report. Patrick Hayati, Regional Director Middle East, McAfee said, “The importance of intrusion prevention solutions has amplified around the world, including the Middle Eastern markets,
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