Bank of Cyprus Executes Share Buyback Strategy

Bank of Cyprus Holdings (GB:BOCH) has released an update.

Bank of Cyprus Holdings PLC has reported the purchase and subsequent cancellation of 57,442 of its own shares from the London and Cyprus Stock Exchanges as part of a larger €25 million share buyback program. Shares were acquired at varying prices with the highest being £4.05 and €4.86 on their respective exchanges. This strategic move forms part of the banking and financial services group’s ongoing efforts to optimize shareholder value.

For further insights into GB:BOCH stock, check out TipRanks’ Stock Analysis page.