Recent developments in share buyback programs at Cyprus cement companies

On October 26, 2026, The Cyprus Cement Public Company executed a buyback of 219 of its own shares at a price of €1.34 per share, totaling €293.46. The transaction, conducted through ProChoice Chrimatistiriaki Ltd, followed an authorization granted by shareholders during an extraordinary general meeting on June 18, 2026, and adhered to Cyprus Stock Exchange (CSE) regulations and Cyprus Securities and Exchange Commission circulars.

Separately, on October 29, 2026, shareholders of Vassiliko Cement Works Public Company Ltd unanimously approved a special resolution authorizing the company’s board to initiate a share buyback program over the next 12 months. The board is permitted to acquire up to 10 per cent of issued share capital or 25 per cent of the average trading volume from the preceding 30 days, whichever limit is lower. Purchases are restricted by price caps and must be funded from realized and undistributed profits. Acquired shares may be held for a maximum of two years. These actions reflect ongoing corporate efforts to manage share capital among major entities in the Cypriot cement industry.