Titan Cement Company S.A. (ATSE:TITK) commences share repurchases on July 6, 2018, under the program mandated by the shareholders in the Annual General Meeting held on June 1, 2018. As per the mandate, the company is authorized to repurchase its own common and/or preference shares such that its holding in treasury does not exceed 10% of its paid up share capital. The maximum price which may be paid by the company will not exceed €40 per share and the minimum price will not be less than the nominal value of company's share, provided that the said purchases shall be deemed as beneficiary compared to other available investments and that the company’s available funds are sufficient. The repurchase program is valid for 24 months till June 1, 2020.