The Bank of Cyprus (BoC) has published the notice of its annual general meeting (AGM), outlining key details on its financial position, governance and proposed shareholder returns.

The notice confirmed that the annual general meeting will be held on May 15, 2026 at 11:00 a.m. Cyprus time, with a simultaneous audio link available in Dublin.

The meeting will take place at the company’s headquarters in Nicosia, with shareholders able to participate based on their holding arrangements.

The company stated that the process for appointing a proxy or voting depends on how shareholders hold their ordinary shares.

As of December 31, 2025, the group reported total assets of €28.6 billion and total equity of €2.9 billion.

The group employs 2,850 staff worldwide and operates 56 branches, including two cash offices, maintaining its position as the leading banking and financial services group in Cyprus.

Its services span retail and commercial banking, investment banking, brokerage, fund management and insurance.

The board has proposed a final dividend of €0.50 per ordinary share for the 2025 financial year, subject to shareholder approval.

In addition, a special resolution seeks authority for share buybacks of up to 43,596,231 ordinary shares, representing approximately 10 per cent of the issued share capital.

The board is also requesting authority to issue up to 143,867,561 new ordinary shares, including allocations for pre-emptive offerings such as rights issues.

Further approval is being sought to issue additional tier 1 contingent equity conversion notes, aimed at ensuring continued compliance with regulatory capital requirements.

The AGM agenda includes resolutions for the re-election of 11 directors and the election of a new director, Elisabet Pinilla Güell, subject to approval by the European Central Bank.

Proposed remuneration for non-executive board members includes €270,000 for the chairman, €90,000 for the vice chair, €80,000 for the senior independent director, and €65,000 for other non-executive members.

Additional fees for committee chairs range between €45,000 and €60,000 depending on responsibilities, including audit and risk committees.

The voting record date has been set for May 11, 2026, meaning shareholders must be registered by that date to be eligible to vote.