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 Companys 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 Companys outstanding shares of capital stock, except for the shares held in the Companys buyback fund.
This first installment of such dividend will be paid in Mexican pesos, on the Companys 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:
|Payment Date||USD Amount|
|December 24, 2018||$50,000,000.00|
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 Ro San Javier No. 10, Fraccionamiento Viveros del Ro, 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.
WANT TO BUILD A FINANCIAL EMPIRE?
Subscribe to the Global Banking & Finance Review Newsletter for FREE Get Access to Exclusive Reports to Save Time & Money
By using this form you agree with the storage and handling of your data by this website. We Will Not Spam, Rent, or Sell Your Information.
Contact Investor Relations:
Mexichem, S.A.B. de C.V.
Gerardo Lozoya, IR Director
Corporate Controller & Tax Director
+ (52) 55.5366.4084