Loma Negra C.I.A.S.A., (NYSE: LOMA) (BYMA: LOMA), (“Loma
Negra” or the “Company”), the leading cement producer in
Argentina, announces that in accordance with the resolution adopted
at the Board of Directors’ Meeting held today, the following
decisions were approved:
(i)
the payment of dividends for a
total amount of ARS 10,300,000,000 equivalent to ARS
17.594777815281000 per outstanding share (without including the
treasury shares) (ARS 87.973889076405200 per ADS) and equivalent to
17,594.777815281000% of the outstanding capital stock;
(ii)
to allocate a part of the Reserve
for Future Dividends to the payment of dividends;
(iii)
as a general rule, the
Shareholders will receive the payment of dividends in Argentine
Pesos through Caja de Valores S.A.; and
(iv)
to grant to the Shareholders the
option to receive the payment of their portion of dividends in
equivalent amounts of US Dollars resulting from the conversion of
the proportional amounts of dividends in Argentine Pesos into US
Dollars pursuant to the Reference Exchange Rate of the Central Bank
of the Argentine Republic - Communication “A” 3500 applicable at
the close of business on the trading day immediately preceding the
Payment Date (as defined below); and (a) receive the payment in US
Dollars through Caja de Valores S.A. into a local bank account; or
(b) into a foreign bank account (the “US
Dollar Payment Option”).
The dividend payment will be made available to the Shareholders
as from July 12th, 2022 (the “Payment
Date”) on business days from 10 am to 3 pm Buenos Aires time
at Caja de Valores S.A., located at 25 de Mayo 362, City of Buenos
Aires. The Shareholders will need to deal with the paperwork
required by Caja de Valores S.A. and payments will be made in
accordance with applicable regulations.
Shareholders who wish to exercise the US Dollar Payment Option
shall give notice to Caja de Valores S.A. and comply with all the
procedures and filings required by Caja de Valores S.A., as from
Monday July 4th, 2022 until Friday July 8th 2022 (the “Option Period”) as well as inform if they choose
to receive the payment in a local or a foreign bank account (the
“Notice of Option of Payment in US
Dollars”). The exercise of the US Dollar Payment Option may
not be partial and, therefore, its exercise will comprise the
entire dividend to be received by each Shareholder. Shareholders
who have validly submitted a Notice of Option of Payment in US
Dollars during the Option Period without indicating a bank account
will receive payment in US Dollars through Caja de Valores S.A. in
Argentina through the procedures established for this purpose by
the entity.
The following contact channels are available for any filing or
query: Telephone: (+5411) 0810-888-7323 or email:
Registro@cajadevalores.com.ar.
Shareholders that do not properly exercise the US Dollar Payment
Option during the Option Period will receive the dividend payment
in Argentine Pesos. Such amount shall be available at Caja de
Valores S.A. in Argentina within the legal statute limitation
period through the procedures established for that purpose by the
entity. Therefore, Shareholders who do not wish to exercise the US
Dollar Payment Option should not make any kind of notification or
take any action.
Shareholders who hold their shares through a depositor (Bank,
Agent or Broker), shall notify their decision to exercise the US
Dollar Payment Option to that entity which shall communicate this
decision to Caja de Valores S.A. during the US Dollar Payment
Option and according to the procedures established by Caja de
Valores S.A. for such purposes.
American Depositary Shares (ADSs) holders will receive their
payment through the Depositary Bank, Citibank N.A. in US Dollars,
as from the date set forth by the respective rules that apply in
the jurisdiction where the Company’s ADSs are listed.
The shareholdings of the Shareholders registered at the close of
business on the trading day immediately preceding the Payment Date
(the “Record Date”) will be the only
ones considered for the purposes of payment of the dividend. The
exercise of the US Dollar Payment Option by any person who is not a
holder of the Company’s shares on the Record Date shall be deemed
not exercised and without effect.
Dividends to be paid will be subject to the withholding of the
amounts paid by the Company in its capacity as Substitute Person
Responsible for the Argentine Personal Assets Tax for fiscal year
2021, in the case of those shareholders that are subject to said
tax, pursuant to the terms of the last paragraph of the section
incorporated by Argentine Law No. 26,452 after section 25 of
Argentine Law No. 23,996. It is also informed that, pursuant to
Argentine Law No. 27,430, as amended by Argentine Law No. 20,628 of
Income Tax Law (third section without number incorporated after
section 90), dividends distributed corresponding to accumulated
earnings until December 31st, 2017 are not subject to the
withholding tax set forth in such laws. With respect to the
dividends distributed corresponding to earnings accrued after
January 1st, 2018 will be subject to withholding tax levied at a
rate of 7%, pursuant to Section 7 of Argentine Law No. 27,630, as
applicable.
About Loma Negra
Founded in 1926, Loma Negra is the leading cement company in
Argentina, producing and distributing cement, masonry cement,
aggregates, concrete and lime, products primarily used in private
and public construction. Loma Negra is a vertically-integrated
cement and concrete company, with nationwide operations, supported
by vast limestone reserves, strategically located plants,
top-of-mind brands and established distribution channels. Loma
Negra is listed both on BYMA and on NYSE in the U.S., where it
trades under the symbol “LOMA”. One ADS represents five (5) common
shares. For more information, visit www.lomanegra.com.
Disclaimer
This release contains forward-looking statements within the
meaning of federal securities law that are subject to risks and
uncertainties. These statements are only predictions based upon our
current expectations and projections about possible or assumed
future results of our business, financial condition, results of
operations, liquidity, plans and objectives. In some cases, you can
identify forward-looking statements by terminology such as
“believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,”
“should,” “plan,” “expect,” “predict,” “potential,” “seek,”
“forecast,” or the negative of these terms or other similar
expressions. The forward-looking statements are based on the
information currently available to us. There are important factors
that could cause our actual results, level of activity, performance
or achievements to differ materially from the results, level of
activity, performance or achievements expressed or implied by the
forward-looking statements, including, among others things: changes
in general economic, political, governmental and business
conditions globally and in Argentina, changes in inflation rates,
fluctuations in the exchange rate of the peso, the level of
construction generally, changes in cement demand and prices,
changes in raw material and energy prices, changes in business
strategy and various other factors. You should not rely upon
forward-looking statements as predictions of future events.
Although we believe in good faith that the expectations reflected
in the forward-looking statements are reasonable, we cannot
guarantee that future results, levels of activity, performance and
events and circumstances reflected in the forward-looking
statements will be achieved or will occur. Any or all of Loma
Negra’s forward-looking statements in this release may turn out to
be wrong. You should consider these forward-looking statements in
light of other factors discussed under the heading “Risk Factors”
in the prospectus filed with the Securities and Exchange Commission
on October 31, 2017 in connection with Loma Negra’s initial public
offering. Therefore, readers are cautioned not to place undue
reliance on these forward-looking statements. Except as required by
law, we undertake no obligation to update publicly any
forward-looking statements for any reason after the date of this
release to conform these statements to actual results or to changes
in our expectations.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20220701005433/en/
IR Contacts Marcos I. Gradin, Chief Financial Officer and
Investor Relations Diego M. Jalón, Investor Relations Manager
+54-11-4319-3050 investorrelations@lomanegra.com
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