Mexichem Announces the Date for the First Installment of the Extraordinary Dividend Payment
TLALNEPANTLA DE BAZ, Estado de Mexico--(BUSINESS WIRE)--Dec 14, 2018--Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) announces the date of the first installment of the extraordinary dividend related to the resolutions adopted at the Company’s General Ordinary Shareholders’ Meeting held on August 21, 2018. At the Meeting, an extraordinary cash dividend up to $150,000,000 (one hundred and fifty million US dollars 00/100) was declared to be distributed among the Company’s outstanding shares of capital stock, except for the shares held in the Company’s buyback fund.
This first installment of such dividend will be paid in Mexican pesos, on the Company’s outstanding shares, excluding the shares held by the Company as a result of its buyback share program in the payment date, at the Mexican peso exchange rate published by the Mexican Central Bank (Banco de Mexico) in the Federal Official Gazette on the day of the ex-coupon date prior to the corresponding payment, in accordance with the following schedule:
The aforementioned payment will be against coupon forty-five of the shares outstanding, through the S.D. Indeval S.A. of C.V (Institution for the Deposit of Securities), for those whose shares are deposited in this Institution. Shareholders who physically hold shares, must present the shares at the offices of the Company, located at Río San Javier No. 10, Fraccionamiento Viveros del Río, C.P. 54060, Tlalnepantla, State of Mexico.
Mexichem is a global leading supplier of innovative solutions across multiple industries including building and infrastructure, data communications, irrigation and chemicals, and more. It has operations in 41 countries with more than 22,000 employees. Mexichem has annual revenues of $5.8 billion USD and has been traded on the Mexican Stock Exchange for more than 30 years. The company is member of the Mexican Stock Exchange Sustainability Index and the Sustainability Emerging Markets index FTSE4Good.
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CONTACT: Contact Investor Relations:
Mexichem, S.A.B. de C.V.
Rodrigo Guzmán, CFO
Gerardo Lozoya, IR Director
Marlen Sánchez, Corporate Controller & Tax Director
+ (52) 55.5366.4084
KEYWORD: MEXICO CENTRAL AMERICA
INDUSTRY KEYWORD: BUILDING SYSTEMS MANUFACTURING CHEMICALS/PLASTICS NATURAL RESOURCES AGRICULTURE MINING/MINERALS CONSTRUCTION & PROPERTY
SOURCE: Mexichem, S.A.B. de C.V.
Copyright Business Wire 2018.
PUB: 12/14/2018 06:16 PM/DISC: 12/14/2018 06:15 PM