Greek Titan Cement Set for 10 per cent buyback

Greek Titan Cement Set for 10 per cent buyback
Published: 16 May 2005

Greek cement maker Titan Cement approved at a general shareholders’ meeting, held on May 12, 2005, a 10 per cent share buyback involving both common and preference shares in a move to support its share price.  The shares will be bought back at a price range between Euro 2.0 and Euro 28 per share.  Shareholders also approved a dividend payment of Euro 0.52 per share on the 2004 earnings.