**Cyprus Cement Completes Small-Scale Share Buyback**
The Cyprus Cement Public Company Ltd has announced that it has successfully completed a share buyback transaction, reinforcing its commitment to shareholder value. This move comes in accordance with a resolution passed during an extraordinary general meeting held on June 26, 2025, where shareholders authorized the company to buy back its own shares.
The buyback transaction, which took place on June 5, 2026, was executed through ProChoice Chrimatistiriaki Ltd, a firm acting on behalf of Cyprus Cement. The company acquired a total of 1,488 shares at a price of €1.305 each, resulting in a total expenditure of €1,941.84.
According to Cyprus Cement, the transaction adhered to the relevant regulations set forth by the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission. Additionally, it complied with the provisions outlined in Companies Law Cap 113 Article 57A, ensuring that all legal requirements were met during the buyback process.
Share buybacks are often seen as a strategy for companies to return capital to shareholders, potentially increasing the value of remaining shares by reducing the supply in the market. This decision by Cyprus Cement reflects its ongoing efforts to enhance shareholder returns and demonstrates confidence in the company’s financial health.
The company has not disclosed any further plans regarding future share buybacks or other capital allocation strategies, but this transaction marks a significant step in its approach to managing shareholder equity. As the market continues to evolve, stakeholders will be keen to observe how Cyprus Cement navigates its financial strategies in the coming months.