The Cyprus Stock Exchange (CSE) has announced the suspension of trading for Hellenic Bank’s Tier 1 and Tier 2 Convertible Capital Securities, effective from Thursday, December 19, 2024.

This decision follows Hellenic Bank’s earlier notification, issued on December 9, regarding the planned buyback of all outstanding Convertible Capital Securities on December 31, 2024.

According to the CSE, the suspension was implemented in accordance with Article 183 of the Cyprus Securities and Stock Exchange Law, to facilitate the buyback process.

In addition to halting trading, the stock exchange also confirmed that no over-the-counter (OTC) transactions involving the securities will be conducted during the suspension period.

The delisting of these securities will occur once Hellenic Bank formally informs the CSE that the redemption process has been completed.

The CSE also assured stakeholders that an official announcement will be made at that time.