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Bank of Cyprus Announces 100 Million Euro Share Offerings

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Regarding the Bank of Cyprus' 1 billion euro capital increase, the financial institution confirmed that it will offer as much as 100 million euros in new ordinary shares for current shareholders.

The Bank of Cyprus stated in a press release following the monetary act: "With the filing and registration of the court order with the Department of the Registrar of Companies and Official Receiver today, all conditions precedent to the closing of the Placing and Open Offer have been satisfied and, accordingly, the Bank is pleased to announce that the Closing Date for the Placing and the Open Offer will be 18 September 2014 and that it is arranging for the despatch of Placing Confirmations and Open Offer Confirmations".