CySEC grants takeover bid exemption for Cyprus Cement share buyback

Nicosia, Cyprus. The Cyprus Securities and Exchange Commission has granted an exemption from mandatory takeover offer requirements linked to a planned share buyback by Cyprus Cement Public Company Ltd.

The decision, approved at CySEC’s meeting on July 13, 2026, followed a request by George S. Galatariotis & Sons Ltd and persons acting in concert with the company.

Exemption decision

CySEC said the exemption was granted under Article 15(1)(ib) of the Public Takeover Bids Law of 2007, as amended.

The decision removes the obligation to make a public takeover offer to shareholders of Cyprus Cement Public Company Ltd.

Share buyback programme

The exemption concerns a potential increase in voting rights held by George S. Galatariotis & Sons Ltd and associated parties if Cyprus Cement acquires up to 1 million of its own shares.

The share repurchase programme is scheduled to remain in force until June 17, 2027.