Cementos Pacasmayo S.A.A. Announces Annual Dividend Payment
September 4, 2015 | By Business Wire News
LIMA, Peru
Cementos Pacasmayo S.A.A. (NYSE:CPAC; BVL:CPACASC1) (“the Company” or “Cementos Pacasmayo”) announced today that at a Board meeting held on September 3, 2015, the Company’s Board of Directors approved a cash dividend of S/. 0.28 per common and investment share, which represents a total of S/. 162,950,088.84 related to retained earnings as of December 31, 2014, in accordance with what was authorized at the Annual Shareholder’s Meeting on March 27, 2015. This dividend represents 23.39% of the Company’s retained earnings as of December 31, 2014. Considering that each ADS represents five common shares, the cash dividend equivalent per ADS is S/. 1.40.
The dividend payment is higher than the average dividend payment from previous years due to savings obtained during the construction and assembly of the new plant in Piura.
The dividend will paid as follows:
COMMON SHARES: CPACASC1
Outstanding common shares: 531,461,479
Dividend per common share: S/. 0.28
Each ADS represents five common shares
INVESTMENT SHARES: CPACASI1
Outstanding Investment shares: 50,503,124
Dividend per common share: S/. 0.28
Ex-dividend Date: September 30, 2015
Record Date: October 5, 2015
Payment Date: October 19, 2015
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 57 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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150904005685/en/
For more information please visit www.cementospacasmayo.com.pe/investors/ or contact:
In Lima:
Manuel Ferreyros, CFO
Claudia Bustamante, Head of IR
Cementos Pacasmayo Investor Relations
511‐317‐6000 ext. 2165
cbustamante@cpsaa.com.pe
or
In New York:
MBS Value Partners
Hugh Collins, 212-223-4632
hugh.collins@mbsvalue.com
