Vassiliko Cement sets extraordinary general meeting for April

Vassiliko Cement Works Public Company Ltd will hold an Extraordinary General Meeting of shareholders at its plant offices in Vassiliko to consider proposed amendments to the company’s constitutional documents.

The meeting is scheduled to take place at 10.00 a.m. on Thursday, April 2, 2026, according to a notice issued by the company.

Shareholders will be asked to examine and, if they consider it appropriate, approve two special resolutions concerning amendments to the company’s Memorandum and Articles of Association.

The company stated that the resolutions presented to shareholders represent a translation of the original text in Greek, which will be proposed at the meeting.

Under the first proposal, shareholders will consider an amendment to the Memorandum of Association of the company.

The amendment replaces the existing sub-paragraph regarding capital management with a broader mandate.

This revised wording authorises the company to invest any surplus funds not immediately needed for business operations in a manner determined by the board from time to time.

If approved, the company will apply to the District Court of Nicosia for approval of the amendment to its Memorandum of Association.

The second proposal concerns an amendment to the Articles of Association through the addition of a new Regulation 46.

The proposed regulation relates to the purchase and acquisition of the company’s own shares.

The proposed text states “PURCHASE OF OWN SHARES. 46. Subject to the provisions of the Law, the Company may purchase and acquire any of its own shares (including any redeemable shares).”

If the amendment is adopted, the existing Regulations 46 to 140 will be renumbered as new Regulations 47 to 141.

The company clarified that the Greek text of the resolutions will prevail in case of any discrepancies or differences in interpretation.

Participation in the meeting will be limited to shareholders listed in the company’s Register of Members on the record date of March 30, 2026.

Each ordinary share carries one voting right at the Extraordinary General Meeting.

The company stated that transactions taking place on March 27, 2026 and thereafter will not be taken into account when determining voting rights at the meeting.

Shareholders entitled to attend and vote may appoint a proxy to participate and vote on their behalf.

A proxy may be any person chosen by the shareholder and does not need to be a member of the company.

Shareholders wishing to specify how their proxy should vote must indicate their instructions in the relevant boxes on the proxy form.

The proxy form is available on the company’s website under the Investor Relations section.

Completed proxy forms must be submitted to the registered office of the company at 1A Kyriakos Matsis Avenue, fourth floor, CY-1082 Nicosia, Cyprus, at least 24 hours before the meeting begins.

Where the appointing shareholder is a company or other legal entity, the proxy form must include the company’s name and be signed by authorised officers.

In the case of joint shareholders, the proxy form must be signed by the person whose name appears first in the Register of Members.

Shareholders have been advised to confirm receipt of the proxy form by the company by calling +357 24 845 555.

Shareholders and their proxies attending the meeting are requested to bring an identity card or other proof of identification.

Legal entities that are shareholders may authorise a representative through a resolution of their directors or governing body to attend the meeting.

Such representatives will be entitled to exercise the same voting powers as the corporate shareholder they represent.

Voting on resolutions at the meeting will normally take place through a show of hands.

However, a poll may be requested before or after the result of the show of hands is declared.

A poll may be demanded by the chairman, by at least three members present in person or by proxy, or by members representing at least one-tenth of total voting rights.

A poll may also be requested by members holding shares on which the paid-up value equals at least one-tenth of the total paid-up capital of shares carrying voting rights.

If a poll is demanded, it will be conducted in a manner determined by the chairman of the meeting.

The outcome of the poll will be considered the official resolution of the meeting at which the poll was requested.

Shareholders are also entitled to ask questions regarding items on the meeting’s agenda, in accordance with Article 128C of the Cyprus Companies Law, Cap. 113.

The board of directors will respond to such questions subject to reasonable measures taken by the company to confirm the identity of shareholders.

As of March 8, 2026, the issued share capital of Vassiliko Cement Works Public Company Ltd stands at €30,932,457.

The capital is divided into 71,935,947 ordinary shares with a nominal value of €0.43 each.