CEMENTOS ARGOS S.A. The General Shareholders' Meeting of CEMENTOS ARGOS S.A. held today, approved the individual and consolidated financial statements for the year 2016, along with its notes and the Board of Directors and CEO's management report.
Similarly, the General Shareholders' Meeting approved the proposal for the distribution of profits and declared an annual non taxed dividend of COP 218 per ordinary share, which will be considered as income not subject to income tax or occasional profit taxes. This dividend will be paid in cash in four quarterly installments of COP 54.5 per share per quarter starting as of April 2017.
It also approved and declared an annual non taxed dividend of COP 218 per preferred share, which will be considered as income not subject to income tax or occasional profit taxes. This dividend will be paid in cash in four quarterly installments of COP 54.5 per share per quarter starting as of April 2017.
Additionally, an annual non-taxed extraordinary dividend of COP 22 per ordinary share and preferred share was approved, which will be considered as income not subject to income or occasional profit tax. The dividend will be paid in cash in one installment in November 2017, between the 15th and the 25th of the month.
The payment dates are as follows:
DIVIDEND | PAYMENT DATE |
April, 2017 | Between the 15th and 25th of the month |
July, 2017 | Between the 5th and 14th of the month |
October, 2017 | Between the 5th and 14th of the month |
January, 2018 | Between the 9th and 20th of the month |
In case any of the shareholders would like to receive their correspondent dividend as taxed income, they will be required to inform such intention to Fiduciaria Bancolombia Centro de Atención a los Accionistas - Administrador de Acciones de Cementos Argos S.A. for each quarterly payment. This needs to be done in writing, on the first stock exchange working day of the ex-dividend period of each payment period. This writing communication must be officially filed in Fiduciaria Bancolombia's offices, either in Medellín, Bogota, Barranquilla or Cali.
RELEVANT INFORMATION CEMENTOS ARGOS S.A.According to the stipulations of Decree 4766 of 2011 and also according to the General Regulations of the Colombia Stock Exchange, the ex-dividend period consists of 4 stock exchange working days, and therefore, shares negotiated between the first dividend payment day and the three stock exchange working days prior to this, don't have the right to receive dividends.
As follows the ex - dividend period set forth:
Payment date | Date ex - dividend starts |
April 15, 2017 | April 10, 2017 |
July 5, 2017 | June 29, 2017 |
October 5, 2017 | October 2, 2017 |
January 9, 2018 | January 3, 2018 |
Cementos Argos SA published this content on 24 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 17 April 2017 15:56:00 UTC.
Original documenthttps://www.argos.co/ir/Media/Default/images/20170324 DECISIONES AGA - DIVIDENDO - PERIODO EXDIVIDENDO ENG 2.pdf
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