**Cyprus Cement Completes Share Buyback Initiative**
Nicosia, Cyprus – Cyprus Cement Public Company Ltd has successfully completed a share buyback program, as announced on Tuesday. This initiative follows a resolution made during an extraordinary general meeting held on June 18, 2026.
The company reported that it acquired a total of 1,780 of its own shares at a price of €1.32 each. The total value of this transaction amounted to €2,349.60. This move is part of the company’s strategy to enhance shareholder value and is consistent with its commitment to maintaining compliance with the regulatory framework established by the Cyprus Stock Exchange.
The share buyback was executed on July 20, 2026, through ProChoice Chrimatistiriaki Ltd, a firm authorized to facilitate such transactions. The company emphasized that all actions taken during this process adhered to the relevant regulations set forth by the Cyprus Securities and Exchange Commission.
The completion of this buyback is seen as a positive step for Cyprus Cement, reflecting the company's confidence in its financial stability and future prospects. Share buybacks are typically viewed as a method for companies to return capital to shareholders, often signaling that the company believes its shares are undervalued.
As the company looks forward to potential growth opportunities, this move may also serve to bolster investor confidence in Cyprus Cement's long-term strategy.
For further updates, stakeholders and interested parties are encouraged to monitor announcements from Cyprus Cement and the Cyprus Stock Exchange.