During the Extraordinary General Meeting of the shareholders of The Cyprus Cement Public Company Ltd held in Limassol on 18th May 2022, 70,48% of the issued share capital attended personally or with a proxy.
The Extraordinary General Meeting unanimously approved the following Special Resolution:
«SPECIAL RESOLUTION
- That the share premium account of the Company which has been established pursuant to Section 55 Company Law, Chapter 113, be reduced and same is hereby reduced from EUR 910.102,64 to EUR 0 (zero) by the return of cash to the shareholders of the amount of EUR 910.102,64.
- That the authorised share capital of the Company which amounts to EUR 86.000.000 divided into 200.000.000 ordinary shares with a nominal value of EUR 0,43 cent each, be reduced and same is hereby reduced to EUR 74.000.000 divided into 200.000.000 ordinary shares with a nominal value of EUR 0,37 cent each.
That the issued share capital of the Company which amounts to EUR 59.172.679,69 divided into 137.610.883 ordinary shares with a nominal value of EUR 0,43 cent each, be reduced and same is hereby reduced from EUR 59.172.679,69 to EUR 50.916.026,71 by the reduction of the nominal value of the shares of the Company from EUR 0,43 cent each to EUR 0,37 cent each by the return of cash to the shareholders of the amount of EUR 8.256.652,98, which corresponds to EUR 0,06 cent per share.»
C.C.C. Secretarial Ltd
Secretary
Limassol, 18th May 2022