Alfa SAB de CV : Holds Annual Shareholders' Meeting
February 25, 2016 at 03:17 pm EST
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San Pedro Garza García, N. L., Mexico, February 25, 2016.- ALFA, S.A.B. de C.V. (ALFA), held today its annual general shareholders' meeting. Armando Garza Sada, Chairman of the Board, and Álvaro Fernández Garza, President of ALFA, presented a report on the company's results for 2015, which was unanimously approved by the shareholders.
The payment of a cash dividend of U.S. $0.0332 per share was also approved. In total, the dividend payment amounts to approximately U.S. $170 million and will be paid beginning March 7, 2016. The same meeting ratified current Board members to their positions.
About ALFA
ALFA is a company that manages a portfolio of diversified subsidiaries: Sigma, an important producer, marketer and distributor of foods through recognized brands in Mexico, the United States, Europe and Latin America; Alpek, one of the world's largest producers of polyester (PTA, PET and fibers), which also leads the Mexican market in polypropylene, expandable polystyrene (EPS) and caprolactam; Nemak, a leading provider of innovative light-weighting solutions for the automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of Information Technology and Communication services for the enterprise, government and residential markets, through its Alestra and Axtel brands; and, Newpek, a company in the hydrocarbons industry in Mexico and the United States. In 2015, ALFA reported revenues of Ps. 258,300 million (U.S. $16.3 billion), and EBITDA of Ps. 38,440 million (U.S. $2.4 billion). ALFA's shares are quoted on the Mexican Stock Exchange and on Latibex, the market for Latin American shares of the Madrid Stock Exchange.
Alfa SAB de CV issued this content on 25 February 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 February 2016 20:16:21 UTC
Original Document: http://www.alfa.com.mx/SP/press.htm?md=febrero25&y=2016
Alfa SAB de CV is a Mexico-based holding company, which manages a portfolio of diversified subsidiaries. Its portfolio includes Sigma, a producer, marketer and distributor of foods under a number of brands in Mexico, the United States, Europe and Latin America; Alpek, a producer of polyester, namely purified terephthalic acid (PTA), polyethylene terephthalate (PET) and fibers, and offers to the Mexican market expandable polystyrene (EPS) and caprolactam, among others; Nemak, a provider of lightweighting solutions for automotive industry and specialized in the development and manufacturing of aluminum components for powertrain and body structure; Axtel, a provider of information technology and communication services for enterprises, government and residential markets through its Alestra and Axtel brands, and Newpek, which is an oil and gas exploration and production company with operations in Mexico and the United States.