LIMA, Peru–(BUSINESS WIRE)–Cementos Pacasmayo S.A.A. (NYSE:CPAC; BVL:CPACASC1) (“the Company” or “Cementos Pacasmayo”) announced today that the Company’s Board of Directors in its session held on August 22, 2016 approved a cash dividend of S/ 0.285 per common and investment share, which represents a total of S/ 165,859,911.86 related to retained earnings as of December 31, 2014, in accordance with what was authorized at the Annual Shareholder’s Meeting held on March 26, 2016.
This dividend represents 23.81% of the Company’s retained earnings as of December 31, 2014 (and 31.07% of the retained earnings remaining after dividends paid during 2015). Considering that each ADS represents five common shares, the cash dividend equivalent per ADS is S/ 1.425.
The dividend will be paid as follows:
COMMON SHARES: CPACASC1
Outstanding common shares: 531,461,479
Dividend per common share: S/ 0.285
Each ADS represents five common shares
INVESTMENT SHARES: CPACASI1
Outstanding Investment shares: 50,503,124
Dividend per common share: S/ 0.285
Ex-dividend Date: September 6, 2016
Record Date: September 9, 2016
Payment Date: November 15, 2016
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 58 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.
