92% Of Shareholders Receive CPOs under CEMEX's Stock Dividend Program.MONTERREY, Mexico -- CEMEX CEMEX Cementos Mexicanos , S.A. de C.V. (NYSE NYSE See: New York Stock Exchange : CX) announced today the completion of its stock dividend program. A total of 66,728,250 CPOs were issued on June 3, 2005 and distributed to 92.08% of shareholders. The remaining 7.92% of shareholders elected to receive a cash payment of MXP MXP In currencies, this is the abbreviation for the Mexican Peso. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 2.60 per CPO (Chief Privacy Officer) An individual who manages the privacy issues within an organization. Arising out of the privacy regulations in finance and health care in the late 1990s, the CPO position eventually crossed over to all industries. (MXP 13.00 per ADS) in lieu of Instead of; in place of; in substitution of. It does not mean in addition to. the stock dividend, for a total of approximately MXP 381 million (US$35 million) to be paid by CEMEX. Under this stock dividend program, CEMEX shareholders received one new CPO for each 25.557 CPOs held (each representing two series A shares and one series B share). CEMEX shareholders had the option to receive a cash payment of MXP 2.60 per CPO in lieu of the stock dividend. CEMEX is a growing global building solutions company that provides products of consistently high quality and reliable service to customers and communities in more than 50 countries throughout the world. The company improves the well-being of those it serves through its relentless focus on continuous improvement and efforts to promote a sustainable future. For more information, visit www.CEMEX.com. |
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