Bank of Cyprus Holdings Buyback Boosts Value

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

In a strategic move to boost shareholder value, the Bank of Cyprus Holdings Public Limited Company has bought back 61,000 of its shares on the London and Cyprus Stock Exchanges, with plans to cancel these shares as part of a larger €25 million buyback program. The transactions, which occurred on September 11, 2024, involved purchasing shares at a volume weighted average price of £4.02 and €4.87 on the LSE and CSE, respectively. This initiative is aligned with the company’s previously announced intention to reinforce its capital structure and return value to its investors.

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