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Tuesday, April 23, 2024

Small gains on the CSE on Wednesday, at €1.44 million

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Trading volume jumped to €1,442,739

Μικρκρδη στο ΧΑΚ την Τετρ τη, στο €1.44 εκ. οι συναλλαγες /></p>
<p>The Cyprus Stock Exchange returned to profit on Wednesday, after the small losses of Tuesday, with the volume of transactions jumping to €1,442,739, as a result of the intense buying interest in the Malloupas share & Papacostas which attracted transactions, worth €911,825.</p>
<p>The General Index closed at 132.28 points, showing an increase of 0.60%. The FTSE/CySE 20 Index registered an increase of 0.59%, closing at 80.26 points.</p>
<p>Of the individual stock market indices, gains were recorded by the Main Market by 0.84% ​​and Investment Companies by 1.43%. The Alternative Market fell by 0.36%, while Hotels remained unchanged.</p>
<p>The biggest investment interest was presented by Malloupas & Papacostas with €911,825 (down 8.76% – closing price €0.25). Followed by the shares of Bank of Cyprus with €248,426 (up 1.29% – closing price €3.13), Hellenic Bank with €186,782 (up 1.33% – closing price €2.29), Vassilikos Cement with € 45,762 (down 1.31% – closing price €3.02) and Logicom with €12,959 (down 1.35% – closing price €2.92).</p>
<p>Of the shares traded, six moved up, eight down and three unchanged. The number of transactions reached 144.</p>
<p>Besides, the Stock Exchange Council reports that, in a recent session, it ratified, based on Article 184 of the CSE Law, the decision to continue the suspension of the trading of the securities of the company ALL Invest Securities Ltd, as announced on November 20, 2023.< /p> </p>
<p>Adds that the continuation of the trading suspension will last for a maximum of 2 months (ie a maximum of 22 January 2024).</p>
<p>Also, the Bank of Cyprus (Bank of Cyprus Holdings Public Limited Company) states that its Annual General Meeting will take place on Friday, May 31, 2024 and adds that further information will be announced in due course.</p>
<p>In addition, the Bank of Cyprus reports that on November 29, 2023, its Board of Directors decided to exercise the company's right to redeem the remaining amount of the Capital Notes remaining in force, with a total nominal value of €8.25 million, on December 19, 2023.</p >
<p>It states that it will inform the holders of the Capital Notes of their early redemption in due course and in accordance with condition 7(c) of the Capital Notes and adds that the European Central Bank as the competent supervisory authority, has granted approval for the early redemption of the Notes Capital on February 17, 2023.</p>
<p>The Bank of Cyprus reports that in December 2018 it issued €220 million of Additional Capital Category 1 Fixed Rate Notes, with an early redemption date in December 2023 (ISIN: XS1865594870) and with an annual interest rate of 12.50%.</p >
<p>It states that under the terms of the Capital Notes, it has the right to redeem the notes at par on December 19, 2023, and adds that in June 2023, it invited holders of the Capital Notes to tender the Capital Notes for purchase from the Company with a purchase price equal to 103% of the nominal value of the securities, payable in cash.</p>
<p>As a result of the offer, according to the bank, a total nominal amount of approximately €204 million, or approximately 93% of the Capital Notes were purchased and canceled by the Company, while the nominal value of the Capital Notes remaining outstanding was approximately €16 million as of June 30, 2023.</p>
<p>Adds that in July 2023, the Company purchased and canceled an additional amount of approximately €7 million of Capital Notes, further reducing the nominal value of the Capital Notes to €8.25 million.</p>
<div class=Source: www.kathimerini.com.cy

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