Bank of Cyprus plans to switch to Athens listing from London next month
NICOSIA, Aug 19 (Reuters) -Bank of Cyprus BOCH.CY will switch its stock market listing to Athens from London next month, subject to shareholder and regulatory approval, the lender said on Monday.
The bank has called a shareholders meeting in Nicosia on Sept. 13 to approve the move, it said, adding that the company plans to list its shares on the Athens Stock Exchange (ATHEX) on Sept. 23.
Bank of Cyprus expects its ordinary shares on the London Stock Exchange will be suspended from trading at the end of business on Sept. 18, and the delisting will be effective Sept. 19.
The Cypriot bank, which listed in London in 2017, has said the Athens bourse offers it the opportunity to boost its visibility in a market more complementary to that of the company.
"Trading in the more focussed ecosystem of ATHEX and the increased potential for peer comparison has the potential to attract long term institutional holders to the company," according to the bank.
Reporting By Michele Kambas; Editing by Shounak Dasgupta
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