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    TITC   BE0974338700

TITAN CEMENT INTERNATIONAL SA

(TITC)
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Titan Cement International : PUBLICATION OF A TRANSPARENCY NOTIFICATIOΝ

04/22/2021 | 01:08pm EDT

Media Release

Regulatory Information

PUBLICATION OF A TRANSPARENCY NOTIFICATION

(Article 14, first paragraph, of the Law of 2 May 2007 on disclosure of major holdings)

Brussels, 22 April 2021, 18:30 CEST - Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) announces the transparency notification dated 22 April 2021, according to which on 22 April 2021 TITAN Cement International S.A. acquired by virtue of a sale and purchase agreement 4,122,393 of own shares from its subsidiary TITAN Cement Company S.A.. As a result, Titan Cement Company S.A. crossed the 5% threshold downwards and TITAN Cement International S.A. crossed the 5% threshold upwards. This transaction is part of the execution process of the decision of the Board of Directors of TITAN Cement International S.A., according to which TITAN Cement International S.A. intends to cancel 4,122,393 of its own shares, an amount that corresponds to 5% of the total voting rights in TITAN Cement International S.A.. The process for the cancellation of the aforementioned shares is expected to be completed by the end of Q2 2021.

The notification dated contains the following information:

Reason for the notification

Acquisition or disposal of voting securities or voting rights

Notification by

A parent undertaking or a controlling person

Persons subject to the notification

TITAN Cement Company S.A.

requirement

TITAN Cement International S.A.

Transaction date

22 April 2021

Threshold that is crossed

5%

Denominator

82,447,868

Chain of controlled undertakings through

Titan Cement International SA controls Titan Cement Company

which the holding is effectively held

S.A. Titan Cement International SA is not a controlled entity

Additional information

On April 22nd 2021 TITAN Cement International S.A. purchased

4,122,393 of own shares from TITAN Cement Company S.A..

This transaction is part of the execution process of the decision

of the Board of Directors of TITAN Cement International S.A.,

according to which TITAN Cement International S.A. intends to

cancel 4,122,393 of its own shares, an amount that

corresponds to 5% of the total voting rights in TITAN Cement

International S.A.. The process for the cancellation of the

aforementioned shares is expected to be completed by the

end of Q2 2021.

Notified details:

A) Voting rights

Previous

After the transaction

notification

# of voting rights

# of voting rights

% of voting rights

Holders of voting rights

Linked to securities

Linked to securities

TITAN Cement Company S.A.

4,841,247

1,054,780

1.28%

TITAN Cement International S.A.

0

4,443,618

5.39%

TOTAL

5,498,398

6.67%

- This press release can be found on the website of Titan Cement International SA at: https://ir.titan- cement.com/en/regulatory-stock-exchange-announcements

- The notification can be found on the website of Titan Cement International S.A. at: https://ir.titan- cement.com/en/shareholder-center/shareholder-structure

- For further information, please contact Afroditi Sylla, Investor Relations Director on +30 210 2591 257

About Titan Cement International SA

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.

Disclaimer

Titan Cement International SA published this content on 22 April 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2021 17:07:08 UTC.


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Sales 2021 1 659 M 1 964 M 1 964 M
Net income 2021 95,4 M 113 M 113 M
Net Debt 2021 628 M 743 M 743 M
P/E ratio 2021 13,8x
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EV / Sales 2022 1,06x
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Mean consensus BUY
Number of Analysts 6
Last Close Price 16,06 €
Average target price 19,65 €
Spread / Average Target 22,4%
EPS Revisions
Managers and Directors
Michael H. Colakides Group CFO, Managing Director & Executive Director
Grigoris Dikaios Chief Financial Officer
Efstratios-Georgios Arapoglou Chairman
Vassilios Zarkalis Group Chief Operating Officer & Executive Director
Eleni Papapanou Secretary & Compliance Officer
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