Mexichem Announces The Extraordinary Dividend Payment Schedule For 2019
April 30, 2019
Tlalnepantla de Baz, Estado de Mexico, April 30, 2019 – Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) announces its extraordinary dividend payment schedule for 2019 in accordance with the resolutions of extending the term adopted at the Company’s General Ordinary and Extraordinary Shareholders’ Meeting held on April 23, 2019.
The extraordinary dividend will be paid in Mexican pesos in four installments, the first three each equivalent to $16,666,666.67 (sixteen million, six hundred sixty-six thousand, six hundred sixty-six US dollars 67/100) and the fourth and final equivalent to $50,000,000.00 (fifty million US dollars 00/100), on the Company’s outstanding shares, excluding the shares held by the Company as a result of its buyback share program in each of the payment dates. The extraordinary dividend will be distributed 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…