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    TITC   BE0974338700

TITAN CEMENT INTERNATIONAL SA

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

06/28/2021 | 03:43pm 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, 28 June 2021, 08:30 CEST - Titan Cement International SA (Euronext Brussels, ATHEX and Euronext Paris, TITC) today announces that, following the cancellation of 4,122,393 own shares and the announcement of change in denominator on 22nd June 2021, has received the below transparency notifications:

  1. A transparency notification dated 24 June 2021 indicating that, E.D.Y.V.E.M public company LTD passively crossed upwards the 15% threshold and Trust Neptune, as intermediary of Leonidas Kanellopoulos passively crossed upwards the 5% threshold. No threshold was crossed as a result of this transaction by the persons acting in concert, as their aggregate shareholdings currently stand at 37.03%.

The notification contains the following information:

Reason for the notification

Passive crossing of a threshold

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

22 June 2021

Threshold that is crossed

15%, 5%

Denominator

78,325,475

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

Following the cancellation of 4,122,393 own shares, as of June

22nd 2021 the new denominator of Titan Cement International

SA is 78,325,475 shares (from 82,447,868 previously).As a

consequence, (i) E.D.Y.V.E.M public company LTD passively

crossed upwards the 15% threshold (from 14.94% to 15.73%);

(ii) Trust Neptune, as intermediary of Leonidas Kanellopoulos

passively crossed upwards the 5% threshold (from 4.85 to

5.11%)

1

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

5.11%

Leonidas Kanellopoulos

Leonidas Kanellopoulos

2,025,827

2,025,827

2.59%

Andreas Canellopoulos

2,725,570

2,725,570

3.48%

[Natural person]

763,281

763,281

0.97%

[Natural person]

659,101

654,601

0.84%

[Natural person]

325,268

330,032

0.42%

Dimitrios Papalexopoulos

2,439,085

2,439,085

3.11%

[Natural person]

1,247,863

1,247,863

1.59%

Alexandra Papalexopoulou

2,498,271

2,498,271

3.19%

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

12,319,862

12,319,862

15.73%

Subtotal

29,004,128

29,004,392

37.03%

TOTAL

29,004,392

37.03%

  1. A transparency notification dated 24 June 2021 indicating that Paul and Alexandra Canellopoulos Foundation passively crossed upwards the 10% threshold.

The notification contains the following information:

Reason for the notification

Passive crossing of a threshold

Notification by

A person that notifies alone

Persons subject to the notification

Paul and Alexandra Canellopoulos Foundation, with registered

requirement

offices at Theorias 12, Athina 105 55, Greece

Transaction date

22 June 2021

Threshold that is crossed

10%

Denominator

78,325,475

2

Chain of controlled undertakings through

Paul and Alexandra Canellopoulos Foundation is not a

which the holding is effectively held

controlled entity in the meaning of articles 1:14 - 1:18 of the

Belgian Companies and Associations Code.

Additional Information

Following the cancellation of 4,122,393 own shares, as of June

22nd 2021 the new denominator of Titan Cement

International SA is 78,325,475 shares (from 82,447,868

previously). As a consequence, Paul and Alexandra

Canellopoulos Foundation passively crossed upwards the 10%

threshold.

Notified details:

A) Voting rights

Previous notification

After the transaction

# of voting rights

# of voting rights

% of voting rights

Holders of voting rights

Linked to securities

Linked to securities

Paul and Alexandra Canellopoulos

7,772,451

7,900,039

10.09%

Foundation

Total

7,900,039

10.09%

  1. A transparency notification dated 24 June 2021 indicating that Titan Cement International SA crossed downwards the 5% threshold.

The notification contains the following information:

Reason for the notification

Downward crossing of the lowest threshold

Notification by

A parent undertaking or a controlling person

Persons subject to the notification

Titan Cement Company S.A., with registered offices at

requirement

22A Halkidos Street, Athens, 11143 Greece

Titan Cement International SA, with registered offices at

Rue de la Loi 23, 7th floor, Box 4, 1040 Brussels, Belgium

Transaction date

22 June 2021

Threshold that is crossed

5%

Denominator

78,325,475

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

Following the cancellation of 4,122,393 own shares, Titan

Cement International SA crossed downwards the 5% threshold.

3

Notified details:

A) Voting rights

Previous notification

After the transaction

# of voting rights

# of voting rights

% of voting rights

Holders of voting rights

Linked to securities

Linked to securities

Titan Cement Company S.A.

1,054,780

986,295

1.26%

Titan Cement International SA

4,443,618

321,225

0.41%

Subtotal

5,498,398

1,307,520

1.67%

Total

1,307,520

1.67%

  1. A transparency notification dated 24 June 2021 indicating that FMR LLC crossed upwards the 10% threshold.
    The notification 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

FMR LLC, with registered offices at The Corporation Trust

requirement

Center, 1209 Orange Street, Wilmington, New Castle County,

Delaware 19801

Transaction date

22 June 2021

Threshold that is crossed

10%

Denominator

78,325,475

Chain of controlled undertakings through

Fidelity Institutional Asset Management Trust Company and

which the holding is effectively held

FIAM LLC are controlled by FIAM Holdings LLC,

FIAM Holdings LLC is controlled by FMR LLC

Fidelity Management & Research Company LLC is controlled by

FMR LLC

FMR LLC is not a controlled entity.

4

Notified details:

A) Voting rights

Previous notification

After the transaction

# of voting rights

# of voting rights

% of voting rights

Holders of voting rights

Linked to securities

Linked to securities

FMR LLC

0

0

0.00%

Fidelity Institutional Asset Management

692,151

1,125,400

1.44%

Trust Company

FIAM LLC

2,390

3,526

0.00%

Fidelity Management & Research Company

4,831,165

7,115,860

9.08%

LLC

Subtotal

5,525,706

8,244,786

10.53%

Total

8.244.786

10.53%

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.

5

Disclaimer

Titan Cement International SA published this content on 28 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 June 2021 19:42:03 UTC.


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Net income 2021 106 M 124 M 124 M
Net Debt 2021 657 M 769 M 769 M
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Yield 2021 3,09%
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