The Cyprus Cement Public Company Limited commences an Equity Buyback Plan 10% of its issued share capital, under the authorization approved on June 18, 2021.

The Cyprus Cement Public Company Limited (CSE:CCC) commences share repurchases on March 2, 2022, under the program mandated by the shareholders in the Extraordinary General Meeting held on June 18, 2021. As per the mandate, the company is authorized to repurchase up to 10% of its issued share capital. The purchase price of fully paid shares cannot exceed 5% of the average purchase price of the shares during the last five working days before the execution of such purchase of shares, and will be paid out of realized and not distributed profits of the company.

The program will be valid for 12 months from the passing of the Board's resolution.