Cementos Pacasmayo S.A.A. Announcement on Non-US Traded Investment Share Buyback
October 15, 2015 | By Business Wire News
LIMA, Peru
Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1) (“the Company” or “Cementos Pacasmayo”) announced today that:
In reference to the statement on 21 September 2015 in relation to the purchase order placed with Credicorp Capital Sociedad de Bolsa SA Agent (“Credicorp Capital Exchange”) and the corresponding Offer Notice published on the website of the Lima Stock Exchange (www.bvl.com.pe) to acquire up to 22,500,000 investment shares (Investment shares are only traded in the Lima Stock Exchange. Investment shares are not the common shares that are part of the ADR Program) with an issue price of S / .2.90 per share (the “Offer”):
Considering that the total number of shares received by Credicorp Capital has exceeded the maximum number of shares specified in the offer, the Company’s Management, in accordance with the authority given by the Board in its meeting on 21 September 2015 and reported in accordance with the Notice of Offer, has decided to acquire all shares on demand (37,276,580 investment shares) today (October 15th).
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.
For more information please visit www.cementospacasmayo.com.pe/investors/
View source version on businesswire.com: http://www.businesswire.com/news/home/20151015006534/en/
In Lima:
Cementos Pacasmayo Investor Relations
Manuel Ferreyros, CFO
Claudia Bustamante, Head of IR
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
