Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1) (“the Company” or
“Cementos Pacasmayo”) announced today that at a Board meeting held on
October 25, 2013, the Company's Board of Directors approved a cash
dividend of S/. 0.10 per common and investment share, which represents a
total of S/. 58,196,460.30 related to net income as of September 30,
2013, in accordance with what was authorized at the Board of Directors
meeting held on March 26, 2013. This dividend represents 52.71% of the
Company’s accumulated profit as of September 30, 2013. Considering that
each ADS represents five common shares, the cash dividend equivalent per
ADS is S/. 0.50.
The dividend will paid as follows:
COMMON SHARES: CPACASC1
|
Outstanding common shares: 531,461,479
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Dividend per common share: S/. 0.10
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Each ADS represents five common shares
|
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INVESTMENT SHARES: CPACASI1
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Outstanding Investment shares: 50,503,124
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Dividend per common share: S/. 0.10
|
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Ex-dividend Date: November 13, 2013
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Record Date: November 18, 2013
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Payment Date: November, 29, 2013
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The ex-dividend date (November 13, 2013), record date (November 18,
2013) and payment date (November 29, 2013) are the same for common and
investment shares traded on the Lima Stock Exchange as well as the ADS
traded on the New York Stock Exchange.
Note:
1. Ex-dividend date: Shareholders who own the shares by the
ex-dividend date are entitled to the dividend.
2. Record date: Date of registration within the Company´s
stockholder registry for shareholders as of the ex-dividend date
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a leading Peruvian cement company, and the
only cement manufacturer in the Northern region of Peru. In February
2012, the Company’s shares were listed on The New York Stock Exchange -
Euronext under the ticker symbol "CPAC". With more than 55 years of
operating history, the Company produces, distributes and sells cement
and cement-related materials, such as concrete blocks and ready-mix
concrete. Cementos Pacasmayo’s products are primarily used in
construction, which has been one of the fastest-growing segments of the
Peruvian economy in recent years. The Company also produces and sells
quicklime for use in mining operations.
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, Company performance and financial
results. Also, certain reclassifications have been made to make figures
comparable for the periods. The words “anticipates”, “believes”,
“estimates”, “expects”, “plans” and similar expressions, as they relate
to the Company, 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.
Copyright Business Wire 2013