Transaction in Own Shares • Feb 28, 2023
Transaction in Own Shares
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Brussels, 28 February 2023, 08:30 CET - Titan Cement International SA (the Company) (Euronext Brussels, ATHEX and Euronext Paris, TITC) announces that the Company and its subsidiary TITAN Cement Company SA purchased in total 21,391 shares of Titan Cement International SA on Euronext Brussels and the Athens Stock Exchange in the period from February 20, 2023, until February 23, 2023. The programme is implemented in compliance with the applicable buyback rules and regulations.
| Date | Number of shares |
Total amount (Eur) |
Average price (Eur) |
Lowest price (Eur) |
Highest price (Eur) |
Regulated market |
|---|---|---|---|---|---|---|
| 20/02/2023 | 5,172 | 80,908.18 | 15.6435 | 15.50 | 15.74 | Euronext |
| 20/02/2023 | 1,500 | 23,702.72 | 15.8018 | 15.74 | 15.84 | ΑΤΗΕΧ |
| 21/02/2023 | 6,022 | 94,595.38 | 15.7083 | 15.68 | 15.74 | Euronext |
| 21/02/2023 | - | - | - | - | - | ΑΤΗΕΧ |
| 22/02/2023 | 6,000 | 93,449.40 | 15.5749 | 15.40 | 15.68 | Euronext |
| 22/02/2023 | - | - | - | - | - | ΑΤΗΕΧ |
| 23/02/2023 | 2,697 | 41,980.96 | 15.5658 | 15.44 | 15.66 | Euronext |
| 23/02/2023 | - | - | - | - | - | ΑΤΗΕΧ |
| Total | 21,391 | 334,636.65 | 15.6438 |
Following the above transactions, Titan Cement International SA announces that the share buy-back programme that initiated on August 30, 2022, has now been concluded. In the period from August 30th, 2022, until February 23rd, 2023, TITAN Group acquired 821,077 shares for a total amount of EUR 9,990,697. As of today, Titan Cement International SA owns (directly or indirectly through its subsidiary Titan Cement Company SA) 3,550,349 shares, representing 4.53% of the voting rights of the Company.
A new share buy-back programme of an amount up to €10,000,000 and of a duration of up to ten months will start on or around March 1st as already announced on January 25th, 2023. TCI will keep the market fully informed of the progress of the relevant transactions in line with applicable regulations.
Titan Cement International, parent company of TITAN Group, is a multiregional cement and building materials producer. Business activities cover the production, transportation and distribution of cement, concrete, aggregates, fly ash, mortars and other building materials. The Group employs about 5,500 people and is present in more than 15 countries, operating cement plants in 10 of them, the USA, Greece, Albania, Bulgaria, North Macedonia, Kosovo, Serbia, Egypt, Turkey and Brazil. Throughout its history, the Group has aspired to serve the needs of society, while contributing to sustainable growth with responsibility and integrity.
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