Mexichem Ratifies EBITDA Growth Guidance for Year End 2018 and Announces the Ordinary Dividend Payment Schedule for 2019
November 27, 2018
Tlalnepantla de Baz, Estado de Mexico, November 27, 2018 – Mexichem, S.A.B. de C.V. (BMV: MEXCHEM*) (“The Company” or “Mexichem”) ratifies its EBITDA growth guidance for full year 2018 to be between 25% to 30% over its 2017 reported EBITDA of $1,106 million, and announces its ordinary dividend payment schedule for 2019 in accordance with the resolutions adopted at the Company’s General Ordinary Shareholders’ Meeting held on November 26, 2018. At the Meeting, a cash dividend of $168,000,000 (one hundred and sixty-eight 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, on each of the payment dates noted below.
The ordinary dividend will be paid in Mexican pesos in four equal installments, each equivalent to $42,000,000 (forty-two 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 ordinary 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:
Payment dates in 2019.
The aforementioned payments will be made 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, against the delivery of the correspondent coupons. 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.
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