Compartamos, S.A.B. de C.V and Subsidiaries Informs
MEXICO CITY--(BUSINESS WIRE)-- Compartamos, S.A.B. de C.V. and subsidiaries (“the Holding” or “Compartamos”) (BMV: COMPARC*) announced that its subsidiary, Banco Compartamos, S.A. (“The Bank”) (BMV: COMPARTO) held an Ordinary General Shareholders’ Meeting today, where it approved an extraordinary dividend of $1,038,989,190.00 (one thousand thirty eight million nine hundred and eighty nine thousand one hundred ninety pesos 00/00) or Ps. 2.50 (two pesos and fifty cents) per outstanding share, for all shareholders, via S.D. Indeval S.A. de C.V. The payment will be made November 22, 2011.
The proceeds of this dividend will be used to re-pay inter-company loans granted this year to finance the acquisition of Financiera Crear, as well as to enter the Guatemalan market.
No dividend payment will be made to Compartamos’ shareholders until year end results are approved at the Holding’s Annual Shareholder Meeting to be held in April 2012.
Company Description
Compartamos is a holding company whose objective is to promote, organize and manage all types of companies, national and internationally subject to its investment policies. Compartamos was established in 2010 and headquartered in Mexico City. Compartamos shares began trading on the Mexican Stock Exchange on December 24, 2010 under the ticker symbol “COMPARC”.
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 management’s current view and estimates of future economic circumstances, industry conditions, Bank performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the Bank, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating 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.
For additional information, please visit www.compartamos.com.
CONTACT:
Compartamos, S.AB. de C.V.
Patricio Diez de Bonilla, Chief Financial Officer
Enrique Barrera, Investor Relations Officer
Beatriz Sánchez, Investor Relations
T: +52 (55) 5276-7250
investor-relations@compartamos.com
KEYWORDS: United States Mexico North America Central America New York
INDUSTRY KEYWORDS: Professional Services Banking Finance
MEDIA:
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