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% | ||||||||
- This press release may be consulted on the website of Titan Cement International SA via this link: https://ir.titan-cement.com/en/regulatory-stock-exchange-announcements
- The notification may be consulted on the website of Titan Cement International SA via this link https://ir.titan-cement.com/en/shareholder-center/shareholder-structure
- For further information, please contact Investor Relations at +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.
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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.