Vassiliko Cement Works Endorses AGM Resolutions And Announces Dividend Distribution

AGM Approval And Operational Overview

Vassiliko Cement Works Public Company Ltd has confirmed the approval of all resolutions presented at its annual general meeting (AGM) held on June 5, 2025. The firm, a leader in clinker and cement production, meticulously oversees five dedicated quarries—including Cyprus’s largest limestone quarry, a reef limestone quarry, two clay quarries, and a gypsum quarry—to ensure an uninterrupted supply of high-quality raw materials, underscoring its operational robustness.

Financial Reports And Dividend Declarations

The AGM ratified the management report and comprehensive financial statements for the year 2024, which are accessible on the company’s official website. In a firm demonstration of fiscal integrity, shareholders approved the disbursement of a total dividend of €12.94 million, equivalent to €0.18 per ordinary share. This dividend allocation comprises €0.06 derived from 2023 profits and €0.12 from 2024 retained earnings.

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Shareholders registered in the Cyprus Stock Exchange registry on June 18, 2025, will receive the dividend, with the company’s shares trading ex-dividend as of June 17, 2025. Investors completing transactions by the close of trading on June 16, 2025, are eligible for the dividend, including beneficiaries of off-exchange share transfers finalized by the record date. The dividend payment is scheduled for execution by July 15, 2025.

Board Reconstitution And Director Compensation

The meeting also reaffirmed strategic leadership with the re-election of Directors George St. Galatariotis, Mihail Polendakov, and Ioannis Savvides, who had retired by rotation. Shareholders endorsed the remunerations report, setting director fees for 2025 at €30,000 for the chairman and €25,000 for each board member, in addition to a representation allowance of €300 per meeting for board and committee attendance.

Audit Appointment And Future Outlook

Concluding the AGM, PricewaterhouseCoopers Limited was appointed as the company’s auditor for 2025, with the board entrusted with determining the auditors’ remuneration. This series of decisive resolutions highlights Vassiliko Cement Works’ unwavering commitment to corporate governance and financial transparency, positioning the company for sustained strategic growth in an increasingly competitive industry.

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Meta’s Muse Is Outpacing ChatGPT In Early Mobile Adoption, New Data Suggests

by THEFUTURE.TEAM

September 22, 2026

Meta’s new AI app, Muse, may be emerging as one of the company’s strongest consumer launches to date. Fresh estimates from market intelligence firm Apptopia suggest the app has outperformed ChatGPT in early mobile traction, at least in the U.S. and Canada.

According to Apptopia, Muse recorded more downloads in its first 12 days on the market than ChatGPT did during the comparable period after its mobile debut. The comparison, limited to the U.S. and Canada, puts Muse’s iOS downloads at 1.8 million versus 1.3 million for ChatGPT over the same initial window.

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A Strong Early Start Across Platforms

In total, Muse has reached 2.8 million global installs in its first 12 days, according to the firm. The app’s momentum also appears to be holding. After debuting at No. 2 on the U.S. App Store, Muse has since climbed to No. 1, surpassing ChatGPT, according to reporting from Business Insider. Appfigures had previously estimated that Muse crossed 1 million downloads shortly after launch.

That early rise matters because app-store performance in the first days after launch often signals whether a product can sustain consumer attention beyond initial curiosity. In Meta’s case, the data suggests Muse is not simply benefiting from novelty; it is gaining ground quickly enough to challenge the category leader.

Daily Users Show Similar Momentum

Apptopia’s estimates point to another favorable comparison for Meta: daily usage. In the U.S. alone, Muse is said to have 642,000 daily active users, well above the 231,000 ChatGPT had at the same stage of its mobile rollout.

To make the comparison fairer, Apptopia also narrowed the analysis to iOS only, since ChatGPT launched on iPhone before expanding more broadly. Even under that tighter lens, Muse still comes out ahead, with 359,000 daily active users on iOS compared with ChatGPT’s earlier figure.

Why Meta Has An Advantage

Third-party estimates are not the same as internal company data, and Apptopia cannot see Meta’s proprietary numbers. Still, even directional data suggests Muse may be on track to become a meaningful consumer product for Meta.

That possibility is strengthened by Meta’s distribution advantage. The company has already demonstrated how powerful its ecosystem can be with Threads, which surpassed 500 million users after heavy promotion across Instagram and Facebook. Muse is likely to receive a similar boost, especially because it can connect across Facebook, Instagram, and WhatsApp.

Apptopia does not track Meta’s internal promotion strategy, but its data indicates that more than 95% of Muse users are also Facebook users, while 63% are Instagram users. That overlap underscores how effectively Meta can move users across its products when it chooses to prioritize a launch.

The Strategic Test For Meta

For Meta, the early signal from Muse is less about one app’s download count than about whether the company can turn its scale into durable AI adoption. The first test is attention. The harder one is retention.

If Muse can convert early downloads into habitual use, Meta may have found a new front door into its AI ambitions. If not, the app risks becoming another example of how easily mobile hype can spike before settling back down.

Meta, which was asked for comment, has not yet released public figures on Muse’s early adoption.

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