97% Of Shareholders Elect CPOs Under CEMEX's Dividend Election Program.Business Editors MONTERREY, Mexico--(BUSINESS WIRE)--June 4, 2001 CEMEX CEMEX Cementos Mexicanos , S.A. de C.V. (NYSE NYSE See: New York Stock Exchange : CX), today announced the completion of its dividend election program. A percentage of 96.95% of the shareholders elected the CPOs, for total of 70,329,897 CPOs issued on June 4, 2001. The remaining 3.05% of shareholders elected to receive the Ps. 1.80 per share cash dividend, for a total of approximately Ps. 84 million (US$9 million) paid by CEMEX. Under this dividend program, CEMEX shareholders elected to receive a cash dividend of Ps. 1.80 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. or its equivalent in CPOs (representing 2 series A shares and 1 series B share) valued at a price of Ps. 38.16 per CPO, a 20% discount to the average trading price Trading price The price at which a security is currently selling. on June 1, 2001, in the Mexican Bolsa. CEMEX is one of the three largest cement companies in the world, with approximately 78 million metric tons of production capacity. It is also the world's largest trader of cement and it is the leading producer of white cement. CEMEX is engaged in the production, distribution, marketing, and sale of cement, ready-mix concrete, aggregates, and clinker clink·er n. 1. The incombustible residue, fused into an irregular lump, that remains after the combustion of coal. 2. A partially vitrified brick or a mass of bricks fused together. 3. through operating subsidiaries on four continents. For more information, visit www.cemex.com. |
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