GENTERA ANNOUNCES PROPOSAL OF DIVIDEND PAYMENT AND DUPLICATE THE BUYBACK PROG
01 Marzo 2018 - 04:45PM
BMV General Information
MEXICO CITY, MARCH 1ST, 2018 GENTERA (THE COMPANY) (BMV: GENTERA*)
INFORMS THAT TODAY THE BOARD OF DIRECTORS APPROVED TO PROPOSE AT
THE SHAREHOLDERS MEETING, TO BE HELD IN APRIL 2018, THE FOLLOWING
PROPOSALS:
1) A DIVIDEND PAYMENT EQUIVALENT TO $ 1,084,050,898.05 (ONE
THOUSAND EIGHTY-FOUR MILLION FIFTY THOUSAND EIGHT HUNDRED AND
NINETY-EIGHT PESOS FIVE CENTS M.N.), WHICH WILL BE DISTRIBUTED
AMONG THE OUTSTANDING SHARES ON EACH OF THE TWO PAYMENT DATES. THE
FIRST PAYMENT, EQUIVALENT TO 50% OF THIS DIVIDEND, WILL BE PAID NO
LATER THAN JUNE 28, AND THE SECOND REMAINING PAYMENT WILL BE MADE
NO LATER THAN NOVEMBER 29 OF THIS YEAR.
2) DUPLICATE THE AMOUNT ALLOCATED TO THE BUYBACK PROGRAM, FROM $
700 MILLION TO $ 1,400 MILLION PESOS.ONCE THESE PROPOSALS ARE
APPROVED BY THE SHAREHOLDERS MEETING, THEY WILL BE ANNOUNCED TO THE
MARKET.******
COMPANY DESCRIPTIONGENTERA, S.A.B. DE C.V. (FORMERLY COMPARTAMOS,
S.A.B. DE C.V.) IS A HOLDING COMPANY WHOSE PRIMARY OBJECTIVE IS TO
PROMOTE, ORGANIZE AND MANAGE COMPANIES, DOMESTIC AND INTERNATIONAL,
THAT ARE SUBJECT TO ITS INVESTMENT POLICIES. GENTERA WAS
ESTABLISHED IN 2010 AND IS HEADQUARTERED IN MEXICO. ITS SHARES
BEGAN TRADING ON THE MEXICAN STOCK EXCHANGE ON DECEMBER 24, 2010
UNDER THE TICKER SYMBOL COMPARC*. ON JANUARY 2, 2014, THE TICKER
SYMBOL WAS CHANGED TO GENTERA*. NOTE ON FORWARD-LOOKING
STATEMENTS
THIS PRESS RELEASE MAY CONTAIN FORWARD-LOOKING STATEMENTS.THESE
STATEMENTS ARE STATEMENTS THAT ARE NOT HISTORICAL FACTS, AND ARE
BASED ON MANAGEMENTS CURRENT VIEW AND ESTIMATES OF FUTURE ECONOMIC
CIRCUMSTANCES, INDUSTRY CONDITIONS, COMPANY PERFORMANCE AND
FINANCIAL RESULTS. THE WORDS ANTICIPATES, BELIEVES, ESTIMATES,
EXPECTS, PLANS AND SIMILAR EXPRESSIONS, AS THEY RELATE TOTHE
COMPANY, ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS.
STATEMENTS REGARDING THE DECLARATION OR PAYMENT OF DIVIDENDS, THE
IMPLEMENTATION OF PRINCIPALOPERATING AND FINANCING STRATEGIES AND
CAPITAL EXPENDITURE PLANS, THE DIRECTION OF FUTURE OPERATIONS AND
THE FACTORS OR TRENDS AFFECTING FINANCIAL CONDITION, LIQUIDITY OR
RESULTS OF OPERATIONS ARE EXAMPLES OF FORWARD-LOOKING STATEMENTS.
SUCH STATEMENTS REFLECT THE CURRENT VIEWS OF MANAGEMENT AND ARE
SUBJECT TO A NUMBER OF RISKS AND UNCERTAINTIES. THERE IS NO
GUARANTEE THAT THE EXPECTED EVENTS, TRENDS OR RESULTS WILL ACTUALLY
OCCUR. THE STATEMENTS ARE BASED ON MANY ASSUMPTIONS AND FACTORS,
INCLUDING GENERAL ECONOMIC AND MARKET CONDITIONS, INDUSTRY
CONDITIONS, AND OPERATING FACTORS. ANY CHANGES IN SUCH ASSUMPTIONS
OR FACTORS COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM
CURRENT EXPECTATIONS.