Major Shareholding Notification • May 24, 2024
Major Shareholding Notification
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Brussels, 24 May 2024, 08:30 CEST - Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) today announces that it has received the following transparency notification dated May 21, 2024, indicating that on May 16, 2024, E.D.Y.V.E.M public company LTD crossed downwards the 15% threshold as a consequence of an OTC sale of 250,000 shares. No threshold was crossed as a result of this transaction by the persons acting in concert, as their aggregate shareholding currently stands at 48.89%.
| Reason for the notification | Crossing of a threshold by persons acting in concert | ||
|---|---|---|---|
| Notification by | Persons acting in concert | ||
| Persons subject to the notification | • Trust Neptune, as an intermediary of Leonidas Kanellopoulos; | ||
| requirement | • Leonidas Kanellopoulos; | ||
| • Delta Trust, as an intermediary of Dimitrios Papalexopoulos; | |||
| • Dimitrios Papalexopoulos; | |||
| • Alpha Trust, as an intermediary of Alexandra Papalexopoulou; | |||
| • Alexandra Papalexopoulou; | |||
| • Several natural persons; | |||
| • E.D.Y.V.E.M. public company Ltd, Andrea Zakou 12 & Michail Paridi, MC Building, 2404 Egkomi, Nicosia, Cyprus; |
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| • Paul and Alexandra Canellopoulos Foundation, 12 Theorias street, 10555, Athens, Greece |
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| Transaction date | 16 May 2024 | ||
| Threshold that is crossed | 15% | ||
| Denominator | 78,325,475 | ||
| Chain of controlled undertakings through which the holding is effectively held |
E.D.Y.V.E.M public company LTD is not a controlled entity in the meaning of articles 1:14 - 1:18 of the Belgian Companies and Associations Code. Paul and Alexandra Canellopoulos Foundation is not a controlled entity in the meaning of articles 1:14 - 1:18 of the Belgian Companies and Associations Code. The trustee of Trust Neptune acts as an intermediary pursuant to article 1:16§2 of the BCCA for Mr Leonidas Kanellopoulos who is the sole primary beneficiary of Trust Neptune. The trustee of Delta Trust acts as an intermediary pursuant to article 1:16§2 of the BCCA for Mr. Dimitrios Papalexopoulos, who is the sole primary beneficiary of Delta Trust. The trustee of Alpha Trust acts as an intermediary pursuant to article 1:16§2 of the BCCA for Mrs. Alexandra Papalexopoulou, who is the sole primary beneficiary of Alpha Trust. The trustee of Lamda Trust acts as an intermediary pursuant to article 1:16§2 of the BCCA for Mrs. Eleni Papalexopoulou, who is the sole primary beneficiary of Lamda Trust. |
The notification contains the following information:

Additional Information E.D.Y.V.E.M public company LTD crossed downwards the 15% threshold as a consequence of an OTC sale of 250,000 shares.
Notified details:
| A) Voting rights | Previous notification | After the transaction | |
|---|---|---|---|
| # of voting rights | # of voting rights | % of voting rights | |
| Holders of voting rights | Linked to securities | Linked to securities | |
| Leonidas Kanellopoulos | 2,028,497 | 2,035,436 | 2.60% |
| Trust Neptune, as intermediary of Leonidas Kanellopoulos |
6,671,986 | 6,671,986 | 8.52% |
| Subtotal | 8,700,483 | 8,707,422 | 11.12% |
| Dimitrios Papalexopoulos | 2,547,821 | 2,613,768 | 3.34% |
| Delta Trust, as an intermediary of Dimitrios Papalexopoulos; |
830,969 | 830,969 | 1.06% |
| Subtotal | 3,378,790 | 3,444,737 | 4.40% |
| [Natural person] | 1,250,863 | 1,250,863 | 1.60% |
| Lamda Trust, as intermediary of the Natural person |
354,404 | 354,404 | 0.45% |
| Subtotal | 1,605,267 | 1,605,267 | 2.05% |
| Alexandra Papalexopoulou | 2,578,699 | 2,620,605 | 3.35% |
| Alpha Trust, as intermediary of Alexandra Papalexopoulou |
709,061 | 709,061 | 0.91% |
| Subtotal | 3,287,760 | 3,329,666 | 4.25% |
| [Natural person] | 76,484 | 76,484 | 0.10% |
| [Natural person] | 766,441 | 772,066 | 0.99% |
| [Natural person] | 554,801 | 545,801 | 0.70% |
| E.D.Y.V.E.M public company Ltd | 12,119,862 | 11,719,862 | 14.96% |
| Paul and Alexandra Canellopoulos Foundation |
8,076,016 | 8,092,338 | 10.33% |
| TOTAL | 38,293,643 | 48.89% |

TITAN Group is a leading international business in the building and infrastructure materials industry, with passionate teams committed to providing innovative solutions for a better world. With most of its activity in the developed markets, the Group employs over 6,000 people and operates in more than 25 countries, holding prominent positions in the US, Europe, including Greece, the Balkans, and the Eastern Mediterranean. The Group also has a joint venture in Brazil. With a 120-year history, TITAN has always fostered a family- and entrepreneurial-oriented culture for its employees and works tirelessly with its customers to meet the modern needs of society while promoting sustainable growth with responsibility and integrity. TITAN has set a net-zero goal for 2050 and has its CO₂ reduction targets validated by the Science Based Targets initiative (SBTi). The company is listed on Euronext and the Athens Exchange. For more information, visit our website at www.titan-cement.com.
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