Trading of Hellenic Bank Public Company Ltd shares will be suspended from Thursday, May 15, 2025, following the exercise of a squeeze-out right by Eurobank S.A.

The move comes after the Cyprus Securities and Exchange Commission (CySEC) formally recognised Eurobank’s right to proceed with the compulsory acquisition of up to 100 per cent of Hellenic Bank’s issued share capital.

According to the announcement, this action is taken in line with Article 5 of the Regulatory Decision on the clearing and settlement of transactions involving dematerialised securities held at the Central Securities Depository and Central Registry, in cases following acceptance of a public offer or the exercise of a squeeze-out right (RAA96/2008).

As a result, any transaction or act involving Hellenic Bank securities will not be permitted.

This includes all trading activity on the market, as well as off-exchange and over-the-counter (OTC) transactions.

The Cyprus Stock Exchange (CSE) confirmed that trading suspension is being carried out in accordance with Article 183 of the Securities and Cyprus Stock Exchange Law.

The suspension will take effect from May 15, 2025, and may remain in place for up to two months, with a final expiry date of July 15, 2025.