FEMSA Shareholders Approved Ps. 6,684 Million Dividend
MONTERREY, MEXICO -- (Marketwire) -- 03/15/13 -- Fomento Economico
Mexicano, S.A.B. de C.V. (NYSE: FMX) (BMV: FEMSAUBD) (BMV: FEMSAUB)
("FEMSA" or the "Company") held its Annual Ordinary General
Shareholders Meeting today, during which the shareholders approved
the Company's annual report for 2012 prepared by the Chief Executive
Officer, the Company's consolidated financial statements for the year
ended December 31, 2012, the declaration of dividends for the 2012
fiscal year and the election of the Board of Directors and its
Committees for 2013.
The shareholders approved the payment of a cash dividend in the
amount of Ps. 6,684 million, consisting of Ps. 0.416666 per each
Series "D" share and Ps. 0.333333 per each Series "B" share, which
amounts to Ps. 2.00 per "BD" Unit (BMV: FEMSAUBD) or Ps. 20.00 per
ADS (NYSE: FMX), and Ps. 1.666667 per "B" Unit (BMV: FEMSAUB). The
dividend payment will be split in two equal payments, payable on May
7, 2013 and November 7, 2013. In addition, the shareholders
established the amount of Ps. 3,000 million as the maximum amount
that could potentially be used for the Company's share repurchase
program during 2013.
FEMSA is a leading company that participates in the beverage industry
through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola
products in the world; in the retail industry through FEMSA Comercio,
operating OXXO, the largest and fastest-growing chain of small-format
stores in Latin America, and in the beer industry, through its
ownership of the second largest equity stake in Heineken, one of the
world's leading brewers with operations in over 70 countries.
FEMSA Servicios SA de CV
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