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:
- 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%) | |
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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% | |||||||
- 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 | |
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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% | ||||||||
- 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. | ||
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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% | |
- 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. | |
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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% | ||||||||
- 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 notifications may be consulted on the website of Titan Cement International SA via this linkhttps://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 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.