Eaton Vance Management cuts Bank of Cyprus stake below 3% disclosure threshold

Glasgow, United Kingdom. Bank of Cyprus Holdings PLC reported that Eaton Vance Management reduced its shareholding in the lender below the 3% regulatory disclosure threshold. The change was disclosed in a TR-1 notification filed with the company and the Central Bank of Ireland.

Threshold crossing and reporting

The threshold crossing occurred on May 12, 2026, according to the standard TR-1 notification of major holdings submitted to both the company and the Central Bank of Ireland.

Prior to the transaction, Eaton Vance Management held a 3.11% stake in Bank of Cyprus. Following the disposal, its position fell to below 3% of total voting rights, under the disclosure threshold required by regulation.

Voting rights and instruments

The updated holding reflects both direct and indirect voting rights attached to shares under the ISIN code IE00BD5B1Y92. Eaton Vance Management also confirmed that its interest through financial instruments is below 3%.

At the time the threshold was crossed, the total number of voting rights in the issuer was reported at 435,962,305.

Ownership chain and completion

The notification included data on the full chain of controlled undertakings, identifying the structure through which the voting rights are ultimately held and the ultimate controlling legal entity.

The disclosure document was completed in Glasgow on May 14, 2026.

What do you think this disclosure indicates about Eaton Vance Management’s exposure to Bank of Cyprus?