SALE OF COMMON TREASURY STOCK - CHANGE OF PERCENTAGE OF VOTING RIGHTS
Sale of common treasury shares in the framework of Stock Option Plan – Change of percentage of voting rights held by the Company
ΤΙΤΑN CEMENT COMPANY S.A. (the Company) announces that, in implementation of a stock option plan which was established by virtue of resolution dated 20.6.2014 of the General Meeting of Shareholders and pursuant to resolutions of the Board of Directors dated 20.6.2014 and 22.3.2017, the Company sold on 19.5.2017 to 16 beneficiaries/ Titan Group executives 11,760 common treasury shares, representing 0.01% of the paid up share capital of the Company, at a sale price of euro10 per share (total sale price euro 117,600).
As a result of the above sale of treasury shares, the percentage of voting rights held by the Company, fell , on May 19th 2017, below 5% and correspond to 4.99% of the total voting rights in the Company
19.5.2017