LIMA, Peru--(BUSINESS WIRE)--Cementos Pacasmayo S.A.A. (NYSE:CPAC; BVL:CPACASC1) (“Cementos Pacasmayo” or “the Company”), a leading cement company serving the growing Peruvian construction industry, announced today that in accordance with the Peruvian Securities Market Law Resolution for Material Events and Reserved Information N° 005-014-SMV/01, the Annual Shareholders’ Meeting held on March 24, 2017 at 9:00 am (Peruvian time) approved the following:
1. Annual Report, Audited Individual and Consolidated Financial Statements and External Auditor’s Report for the fiscal year ended December 31, 2016
2. Designation of Paredes, Burga & Asociados, members of EY, as the Company’s external auditors for fiscal year 2017
3. Ratification of the distribution of dividends during fiscal year 2016
4. Application of fiscal year 2016 profits to retained earnings, and delegation to the Board of Directors the authority to decide the distribution of dividends based on the retained earnings account and fiscal year 2017 operating results
5. Determination that the Board of Directors be formed by nine members and two alternates, designating the following:
|DAÑINO ZAPATA, ROBERTO ENRIQUE||Director|
|HEEREN RAMOS, CARLOS MIGUEL||Director|
|HOCHSCHILD BEECK, EDUARDO||Director|
|MORALES DASSO, JOSE RAIMUNDO||Director|
|NADAL DEL CARPIO, HUMBERTO REYNALDO||Director|
|OCHOA-BRILLEMBOURG , HILDA||Director|
|ORTIZ DE ZEVALLOS MADUEÑO, FELIPE ARTURO||Director|
|ROMERO PAOLETTI, DIONISIO||Director|
|ZALDIVAR GARCIA, MARCO ANTONIO||Director|
|BREDTHAUER BACKHOFF, ROBERT PATRICK||Alternate Director|
|FERREYROS PEÑA, MANUEL BARTOLOME MARTIN||Alternate Director|
About Cementos Pacasmayo S.A.A.
Cementos Pacasmayo S.A.A. is a Peruvian cement company located 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 59 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.
For more information, please visit: http://www.cementospacasmayo.com.pe/investors/.
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.