The Bank of Cyprus (BoC) on Wednesday announced that investment manager Wellington Management Group LLP has increased its stake in the bank, crossing the 6 per cent threshold of voting rights, according to a disclosure filed with the Central Bank of Ireland.

The TR-1 notification, completed in London on September 10, 2025, showed that Wellington’s position in the Bank of Cyprus rose to 6.02 per cent, representing 26,239,606 shares.

This increase takes Wellington above the 6 per cent level of the bank’s total 435,686,031 voting rights.

The filing confirmed that the threshold was crossed on September 9, 2025, and the bank was formally notified the following day.

Wellington previously held 5.87 per cent of the voting rights, equal to 25,581,995 shares, which means the latest increase marks a notable step up in its stake.

The document listed several custodians and nominee companies connected to Wellington’s holdings, including Brown Brothers Harriman, Chase Nominees Ltd., Citibank NA, Goldman Sachs Securities (Nominees) Ltd., ROY Nominees Limited, and State Street Nominees Ltd.

According to the filing, the stake is held entirely through ordinary shares, with no use of financial instruments or derivatives.

The disclosure also detailed the structure of controlled undertakings.

Wellington Management Group LLP, Wellington Group Holdings LLP, and Wellington Investment Advisors Holdings LLP each hold 6.02 per cent directly or indirectly.

Meanwhile, Wellington Management Company LLP maintains a slightly smaller share at 5.11 per cent.

The notification underlined that no financial instruments with similar economic effects were involved in the increase.