The Cyprus Securities and Exchange Commission (CySEC) has granted Cyprus Cement an exemption from mandatory takeover offer rules, clearing the path for the company's planned share buyback programme.
The regulator's decision, announced on Friday, allows the firm to repurchase shares without triggering the statutory obligation to launch a public takeover bid for all outstanding equity.
This regulatory green light is a critical step for the buyback's execution.
Under Cyprus market rules, crossing certain ownership thresholds typically forces a mandatory offer to all shareholders.
The exemption permits Cyprus Cement to manage its capital structure and return value to investors through the repurchase programme while maintaining control without a full-scale tender offer.
The move follows a pattern of regulatory flexibility in the Cypriot market for capital management initiatives.