The Cyprus Cement Public Company Ltd has successfully completed a buyback of its own shares, demonstrating its commitment to enhancing shareholder value.
- The Cyprus Cement Public Company Ltd has successfully completed a buyback of its own shares, demonstrating its commitment to enhancing shareholder value.
- This strategic move took place during a meeting on June 15, 2026, where the company finalised the purchase through ProChoice Chrimatistiriaki Ltd, a brokerage firm.
- In total, the company acquired 1,244 shares, each priced at €1.30. This brings the total value of the operation to €1,617.20.
- Share buybacks are often seen as a way for companies to return excess cash to shareholders, and Cyprus Cement’s recent move aligns with such practices within the industry.
This strategic move took place during a meeting on June 15, 2026, where the company finalised the purchase through ProChoice Chrimatistiriaki Ltd, a brokerage firm.
In total, the company acquired 1,244 shares, each priced at €1.30. This brings the total value of the operation to €1,617.20.
The decision to initiate this buyback was made during an extraordinary general meeting of shareholders held on June 26, 2025, reflecting the company’s proactive approach to managing its capital structure.
Share buybacks are often seen as a way for companies to return excess cash to shareholders, and Cyprus Cement’s recent move aligns with such practices within the industry.
