MEXICO CITY, March 6 /PRNewswire-FirstCall/ -- Grupo Radio Centro, S.A.B.
de C.V. (the "Company") (NYSE: RC; BMV: RCENTRO-A) announced today that at its
Annual Shareholder's Meeting, held Thursday, March 6, 2008, shareholders
approved a dividend payment from retained earnings for fiscal year 2007.
Following the recommendation of the Company's Board of Directors, the
shareholders approved Grupo Radio Centro's dividend payment to all
shareholders from retained earnings for fiscal year 2007 in the amount of
Ps. 100,000,000, or approximately Ps. 0.61453539176306 per each of the
162,724,561 Series A Shares outstanding. The dividend will be paid in one
disbursement on March 14, 2008 to shareholders of record as of March, 13, 2008
through S.D. Indeval, S.A. de C.V., a Mexican securities deposit institution.
In addition, the shareholders ratified the composition of the Company's
current Board of Directors.
Company Description
Grupo Radio Centro owns and/or operates 14 radio stations. Of these 14
radio stations, Grupo Radio Centro operates 11 in Mexico City. The Company's
principal activities are the production and broadcasting of musical and
entertainment programs, talk shows, news and special events programs. Revenue
is primarily derived from the sale of commercial airtime. In addition to the
Organizacion Radio Centro radio stations, the Company also operates Grupo RED
radio stations and Organizacion Impulsora de Radio (OIR), a radio network that
acts as the national sales representative for, and provides programming to,
Grupo Radio Centro-affiliated radio stations.
IR Contacts
In Mexico:
Pedro Beltran / Alfredo Azpeitia
Grupo Radio Centro, S.A.B. de C.V.
Tel: (5255) 5728-4800, Ext. 7018
aazpeitia@grc.com.mx
In New York:
Maria Barona / Peter Majeski
i-advize Corporate Communications, Inc.
Tel: (212) 406-3690
grc@i-advize.com.mx
SOURCE Grupo Radio Centro, S.A.B. de C.V.