GRUPO GICSA Announces Annual General Ordinary Shareholders’ Meeting

MEXICO CITY--()--GRUPO GICSA, S.A.B. De C.V. (“GICSA” or “the Company”) (BMV: GICSA), a leading company in the development, investment, commercialization and operation of shopping malls, corporate offices, industrial and mixed-use warehouses, announced the following:

Pursuant to a resolution adopted by the board of directors, GRUPO GICSA, S.A.B. DE C.V., invites its shareholders to the annual general ordinary shareholders’ meeting on April 28, 2017 at 12:00 pm, in the Business Center of the Live Aqua hotel, located at Avenida Paseo de los Tamarindos No. 98, Col. Bosques de las Lomas, Delegación Cuajimalpa de Morelos, C.P. 05120, Mexico City, to discuss the following:

MEETING AGENDA

I. Presentation, discussion and, if applicable, submission for approval:

(i) The Chief Executive Officer’s report, in accordance with Article 44, Section XI of the Mexican Securities Market Law and Article 172 of the Mexican General Corporations Law, regarding the results of operations for the fiscal year ended December 31, 2016, together with the external auditor’s report, as well as the Board of Directors’ comments to this report.

(ii) The Board of Directors’ report in accordance with Article 172, clause b, of the Mexican General Corporations Law, regarding the Company’s main accounting policies and criteria, as well as the information used to prepare the Company’s financial statements.

(iii) The report on transactions and activities undertaken by the Board of Directors, in accordance with Article 28, Section IV, clause e, of the Mexican Securities Market Law.

(iv) Individual and Consolidated Financial Statements for the fiscal year ended December 31, 2016.

(v) The annual report on the activities undertaken by the Audit and Corporate Practices Committee accordance with Article 43, Sections I and II of the Mexican Securities Market Law. Resolutions in this regard.

II. Presentation, discussion and, if applicable, submission for approval of the proposal of calculating financial results. Resolutions in this regard.

III. Ratification, if applicable, of the management of the Company’s Board of Directors, the Audit and Corporate Practices Committee, and the Chairman of the Board during the 2016 fiscal year, and appointment and/or ratification of the members of the Company’s Board of Directors, members of the Audit and Corporate Practices Committee, and the Secretary of the Board of Directors. Resolutions in this regard.

IV. Determination of the compensation to be paid to the members of the Company’s Board of Directors, members of the Audit and Corporate Practices Committee, and the Secretary of the Board of Directors. Resolutions in this regard.

V. Presentation, discussion and, if applicable, submission for approval of the report regarding the purchase of the Company’s shares in accordance with Article 56 of the Mexican Securities Market Law; and determination or ratification of the maximum amount of funds to be allocated during the 2017 fiscal year. Resolutions in this regard.

VI. Appointment of delegates to carry out the formalization of the resolutions adopted at this meeting. Resolutions in this regard.

In order to attend the meeting and vote, shareholders must obtain a corresponding admission card at Avenida Paseo de los Tamarindos No. 90, Torre 1, 23th floor, Col. Bosques de las Lomas, Delegación Cuajimalpa de Morelos, C.P. 05120, Mexico City, by prior appointment at (01 55) 5148-0400 extension 4512, between the hours of 9:00 am to 3:00 pm, and from 4:00 pm to 6:00 pm., no later than April 26, 2016. Admission cards will be issued to shareholders who request them in a timely manner and with a receipt issued by S.D. Indeval institución para el Depósito de Valores, S.A. de C.V., complemented and, if applicable, with the lists in accordance with Article 290 of the Mexican Securities Market Law. Shareholders may be represented by proxy at the meeting by any person designated by a power of attorney granted by the forms issued by the Company in accordance with Article 49, section III of the Mexican Securities Market Law.

As of this date, all shareholders will have free and immediate access to all information related to each of the topics included in the meeting agenda, as well as all the proxy forms mentioned above.

About GICSA

GICSA is a leading company in the development, investment, commercialization and operation of shopping malls, corporate offices and industrial warehouses well known for their high quality standards, which transform and create new development spaces, lifestyles and employment in Mexico, in accordance to its history and executed projects. Founded in 1989 on the basis of an integrated business model, the Company has developed more than 2.7 million m2 of gross leasable area and built iconic projects such as Torres Esmeralda I and II, Arcos Bosques, Torre HSBC and Isla Shopping Cancun. As of June 30, 2016, the Company owned 13 income-generating properties, consisting of seven shopping malls, four mixed use projects (which include four shopping malls, four corporate offices and one hotel), and two corporate office buildings, representing a total Gross Leasable Area (GLA) 620,150 square meters, and a Proportional GLA of 391,313 square meters. Since June 2015, GICSA is listed on the Mexican Stock Exchange under the ticker (BMV: GICSA AB).

Forward-Looking Statements

This press release may contain forward-looking statements, and involve risk and uncertainty. The words “estimates”, “anticipates”, “projects”, “plans”, “believes”, “expects”, “seeks” and similar expressions, are intended to identify forward-looking statements. Grupo GICSA warns readers that declarations and/or estimates mentioned in this document, or stated by Grupo GICSA’s management team, are subject to a number of risks and uncertainties that could be in function of various factors that are out of Grupo GICSA’s control. Future expectations reflect Grupo GICSA’s judgement at the date of this document. Grupo GICSA reserves the right or obligation to update information contained in the report or derived from it. Past or present performance is not an indicator of future performance.

Contacts

In Mexico:
GICSA
Diódoro Batalla, 5255-5148-0400 Ext. 4444
Chief Financial Officer
dbatalla@gicsa.com.mx
or
Rodrigo Assam, 5255-5148-0400 Ext. 4447
Investor Relations Officer
rassam@gicsa.com.mx
or
in New York:
i-advize Corporate Communications, Inc.
Rafael Borja, 212-406-3693
rborja@i-advize.com

Contacts

In Mexico:
GICSA
Diódoro Batalla, 5255-5148-0400 Ext. 4444
Chief Financial Officer
dbatalla@gicsa.com.mx
or
Rodrigo Assam, 5255-5148-0400 Ext. 4447
Investor Relations Officer
rassam@gicsa.com.mx
or
in New York:
i-advize Corporate Communications, Inc.
Rafael Borja, 212-406-3693
rborja@i-advize.com