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4-Traders Homepage  >  Equities  >  Mexican Stock Exchange  >  Grupo Modelo SAB de CV       MXP4833F1044

GRUPO MODELO SAB DE CV
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Grupo Modelo SAB de CV : General Extraordinary Shareholders Meeting

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05/31/2013 | 12:40am CET
Grupo Modelo, S.A.B. DE C.V. General Extraordinary Shareholders Meeting Mexico City, May 30, 2013. Grupo Modelo, S.A.B. de C.V. (BMV: GMODELO) ("Grupo Modelo", "the company"), the leader in Mexico in beer production, distribution and marketing, informs that quorum was not established, as specified by the Company bylaws, for holding the General Extraordinary Shareholders Meeting originally scheduled to be held today.

The Shareholders Meeting will be held, on a second calling, at 12:00 pm on June 7th,

2013, at the same place and with the same agenda, based on the corresponding invitation.

The closing of the tender offer is still scheduled for tomorrow, Friday May 31st, 2013, and the settlement is scheduled for June 4th, 2013.

Grupo Modelo, founded in 1925, is the leader in Mexico in beer production, distribution and marketing. It has a total annual installed capacity of 71.5 million hectoliters. Currently, it brews and distributes 14 brands, including Corona Extra, the number one Mexican beer sold in the world, Modelo Especial, Victoria, Pacífico and Negra Modelo. It exports seven brands and is present in more than 180 countries. It is the importer of Anheuser-Busch InBev's products in Mexico, including Budweiser, Bud Light and O'Doul's. It also imports the Chinese Tsingtao Brand, the Danish beer Carlsberg, and Spanish beer Mahou Cinco Estrellas. Through a strategic alliance with Nestlé Waters, it produces and distributes in Mexico the bottled water brands Sta. María and Nestlé Pureza Vital, among others. Grupo Modelo trades in the Mexican Stock Exchange since 1994 with the ticker symbol GMODELOC and in 2011 it was included in its Sustainability Index. It also quotes as an ADR under the ticker GPMCY in the OTC markets and in Latibex in Spain as XGMD.

Investor Relations

Begoña Orgambide (52-55) 1103-5740

[email protected] www.gmodelo.mx

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Financials ( MXN)
Sales 2014 -
EBIT 2014 -
Net income 2014 -
Debt 2014 -
Yield 2014 2,44%
P/E ratio 2014 -
P/E ratio 2015 -
Capi. / Sales 2014 0
Capi. / Sales 2015 -
Capitalization 358 B
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus
Number of Analysts 1
Average target price 115  MXN
Spread / Average Target -23%
Managers
NameTitle
Mauricio Leyva Chief Executive Officer
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