**Cyprus Cement Executes Share Buyback Program**
Cyprus Cement Public Company Ltd has successfully completed a share buyback, purchasing 600 of its own shares on September 16, 2026. This move aligns with a decision made by the company’s shareholders during an extraordinary general meeting held on June 18, 2026.
The buyback was conducted through ProChoice Chrimatistiriaki Ltd, with each share acquired at a price of €1.365. The total value of the transaction amounted to €819. This strategic decision reflects the company's commitment to enhancing shareholder value and optimizing its capital structure.
The share buyback was executed in compliance with Article 57A of the Companies Law, Cap. 113, ensuring that all legal requirements were met. Furthermore, Cyprus Cement confirmed that the transaction adhered to the regulations set forth by the Cyprus Stock Exchange (CSE) and the guidelines issued by the Cyprus Securities and Exchange Commission (CySEC).
This buyback initiative is part of a broader trend among companies looking to return value to their shareholders, particularly in times of economic uncertainty. By reducing the number of shares outstanding, Cyprus Cement aims to increase earnings per share, potentially leading to a higher stock price in the long run.
As the company continues to navigate the complexities of the market, this buyback is seen as a positive step towards reinforcing investor confidence and demonstrating the firm’s financial health.
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