Financial Calendar for 2009
* PROPOSED FINAL DIVIDEND
* DIVIDEND REINVESTMENT PLAN
* ANNUAL GENERAL MEETING
Nicosia, 25 February 2009
A. Announcement of Financial Results and Group Financial Statements for 2008
The Group's Financial Results and audited financial statements for 2008 will be announced on Wednesday, 25 February 2009 and will be posted on the Group's website www.bankofcyprus.com (select Investor Relations). The audited financial statements will be published in the Cypriot and Greek Press on 26 and 27 February 2009.
B. Analyst Briefings regarding Financial Results for 2008
The analysts' briefing on the Group financial results for 2008 will take place on Wednesday, 25 February 2009, at 6.00pm. The relevant presentation will be posted on the Group's website www.bankofcyprus.com (Inv. Relations / Presentations).
C. Annual Shareholders Meeting
The Shareholders' Annual General Meeting will take place on Wednesday, 13 May 2009 at 4.30pm at the Group Headquarters in Nicosia.
D. Proposed Dividend
At its meeting held today, the Board of Directors of the Bank decided to propose at the Shareholders' Annual General Meeting to be held on Wednesday, 13 May 2009, the distribution of a dividend of euro 0,12 per share.
The recommended ex-dividend date is Thursday, 21 May 2009, i.e. buy transactions that take place before market close of the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) on 20th May 2009 will be eligible to the dividend. Furthermore, eligible investors will be shareholders following off the exchange transfers completed on 25th May 2009. It is noted that any transfers of securities between the Central Depository/Registry of the CSE and the Dematerialised Securities System of the Hellenic Exchanges between 21 to 25 May 2009, will be considered and the dividend will be paid according to the register on which the shares are registered on 25 May 2009.
The dividend, subject to the approval of the Annual General Meeting, will be paid to the eligible shareholders on Wednesday, 10 June 2009.
E. Dividend Reinvestment Plan
Investors are reminded that the Bank of Cyprus Dividend Reinvestment Plan ("the Plan") is in force. The applicable discount offered under the Plan is 10%. Based on the 10% discount offered, dividends will be reinvested at 90% of the weighted average closing price of the share at the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) for the first five working days that the share is quoted ex-dividend.
Investors can obtain the Terms and Operating Conditions of the Plan and the Application Form for Enrollment or Termination of participation in the Plan (?the Application Form?) from:
* the Group's website www.bankofcyprus.com (select Inv. Relations / Shareholder Structure & Share / Dividend Reinvestment Plan)
the Group's Shares & Loan Stock Department in Nicosia, tel. (+357) 22 121755
* the Bank's Custody, Shareholders & Derivatives Clearing Department in Athens, tel. (+30) 210 7765 215
Once an investor enrolls in the Plan, his participation remains in force for all future dividends which will be automatically reinvested on his behalf, unless he requests in writing to withdraw from the Plan or unless the Bank suspends or terminates the Plan.
Investors are reminded that, for their instructions to be valid for the proposed dividend and for all future dividends, the Company must receive their Application Form at least 10 days prior to the ex-dividend date, i.e. by 11th May 2009. If their Application Form is not timely received, their instructions will only be effective for future dividend payments.
If part of an investor's shareholding is registered on the Central Depository/Registry of the CSE and part on the Dematerialised Securities System of the Hellenic Exchanges, the investor has to complete a separate Application Form for each Investor Share Code.