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    TITC   BE0974338700

TITAN CEMENT INTERNATIONAL SA

(TITC)
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Titan Cement International : Publication of a transparency notification

06/11/2021 | 02:22am 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, 11 June 2021, 08:00 CEST - Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) today announces that it has received the following transparency notification dated 10 June 2021, indicating that on 8 June 2021, E.D.Y.V.E.M public company LTD crossed downwards the 15% threshold as a consequence of an OTC sale of 337,400 shares. No threshold was crossed as a result of this transaction by the persons acting in concert, as their aggregate shareholding currently stands at 35.18%.

The notification dated contains the following information:

Reason for the notification

Acquisition or disposal of voting securities or voting rights

Notification by

Persons acting in concert

Persons subject to the notification

E.D.Y.V.E.M. public company Ltd, Andrea Zakou 12 &

requirement

Michail Paridi, MC Building, 2404 Egkomi, Nicosia,

Cyprus (on behalf of the persons acting in concert);

Trust Neptune, as an intermediary of Leonidas

Kanellopoulos;

Several natural persons.

Transaction date

8 June 2021

Threshold that is crossed

15%

Denominator

82,447,868

Chain of controlled undertakings through

E.D.Y.V.E.M public company LTD is not a controlled entity in

which the holding is effectively held

the meaning of articles 1:14 - 1:18 of the Belgian Companies

and Associations Code. The trustee of Trust Neptune acts as an

intermediary pursuant to article 1:16§2 of the BCCA for Mr

Leonidas Kanellopoulos (Mr Andreas Canellopoulos' son) who

is the sole primary beneficiary of Trust Neptune.

Additional Information

E.D.Y.V.E.M public company LTD crossed downwards the 15%

threshold as a consequence of an OTC sale of 337,400 shares.

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

Trust Neptune, as intermediary of

4,000,000

4,000,000

4.85%

Leonidas Kanellopoulos

Leonidas Kanellopoulos

1,974,093

2,025,827

2.46%

Andreas Canellopoulos

2,696,976

2,725,570

3.31%

[Natural person]

763,281

763,281

0.93%

[Natural person]

674,601

659,101

0.80%

[Natural person]

507,450

325,268

0.39%

[Natural person]

2,433,085

2,439,085

2.96%

[Natural person]

1,247,863

1,247,863

1.51%

Alexandra Papalexopoulou

2,492,271

2,498,271

3.03%

E.D.Y.V.E.M public company Ltd

12,558,270

12,319,862

14.94%

Subtotal

29,347,890

29,004,128

35.18%

TOTAL

29,004,128

35.18%

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 11 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 June 2021 06:21:02 UTC.


© Publicnow 2021
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Sales 2021 1 662 M 1 972 M 1 972 M
Net income 2021 83,0 M 98,5 M 98,5 M
Net Debt 2021 626 M 743 M 743 M
P/E ratio 2021 13,8x
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Technical analysis trends TITAN CEMENT INTERNATIONAL SA
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Income Statement Evolution
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Mean consensus BUY
Number of Analysts 6
Last Close Price 15,96 €
Average target price 19,58 €
Spread / Average Target 22,7%
EPS Revisions
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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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