MEXICO CITY--(BUSINESS WIRE)--Elementia, S.A.B. de C.V. (BMV:ELEMENT*) (the “Company”, or “Elementia”) informs that, in accordance with the capital increase authorized by the Extraordinary Shareholders’ Meeting held on October 17, 2016 (the “Meeting”), the relevant dates for the subscription period are as follows:
- Ex-coupon date: October 28, 2016
- Date subscription period begins: October 27, 2016
- Date subscription period ends: November 10, 2016
In accordance with the resolutions of the Meeting, the subscription price for each of the new shares issued at this Meeting is Ps. 20 per share; 1 new share represents 4 of the original shares C shares held by the holders.
In case new shares are still unsubscribed once concluded the pre-emptive subscription period, they will become available to the Board of Directors to be offered for further subscription and payment to anyone, including but limited to, current shareholders of Elementia.
Elementia is the leading building materials company with a strong presence in the American Continent. Its organic growth and the result of its mergers and acquisitions has enabled it to be an integral platform with more than 4,000 products, backed by 14 local and regional brands including: Fortaleza ® / Nacobre ® / Mexalit ® / Eureka ® / Allura ® / Plycem ® / Eternit ® / Duralit ® / Fibraforte ® / Frigocel ®. Elementia’s products and solutions meet the needs of the different construction methods that exist in the market it operates in, and it is able to supply up to 75% of the materials used to build a typical house. The Company has over 6,000 employees, operating presence in 9 countries and a broad distribution network for its three business divisions: Cement, Metal Products and BuildingSystems. Elementia is the No. 1 producer of cement in Latin America and No. 2 in the United States. It is also one of the largest and most diversified copper manufacturers and copper alloys worldwide, and the most recent player into the Mexican cement market in 70 years. For more information go to www.elementia.com