Shareholders Approve All Resolutions on the Agenda of Ternium's Annual General
LUXEMBOURG -- (Marketwired) -- 05/02/13 -- The annual general
meeting of shareholders of Ternium S.A. (NYSE: TX), which was held
today in Luxembourg, approved all resolutions on its agenda.
Among other resolutions adopted at the meeting, the shareholders
approved the consolidated financial statements and unconsolidated
annual accounts for the year ended December 31, 2012 and the proposed
dividend of US$0.065 per share (US$0.65 per ADS), or approximately
US$130.3 million. Ternium will pay the dividend on May 10, 2013, and
the corresponding record date will be May 7.
The shareholders meeting also re-elected Ubaldo Aguirre, Roberto
Bonatti, Carlos Condorelli, Pedro Pablo Kuczynski, Adrian Lajous,
Bruno Marchettini, Gianfelice Mario Rocca, Paolo Rocca and Daniel
Agustin Novegil as members of the board of directors to serve until
the next annual shareholders meeting that will be convened to decide
on the 2013 accounts, and re-appointed PricewaterhouseCoopers,
Societe cooperative, Reviseur d'entreprises agree, as Ternium's
independent auditor for the 2013 fiscal year.
The board of directors subsequently re-appointed Paolo Rocca as its
chairman and Daniel Novegil as Ternium's chief executive officer, and
confirmed Ubaldo Aguirre, Pedro Pablo Kuczynski and Adrian Lajous as
members of the board's audit committee, with Mr. Aguirre to continue
chairing that committee. All three members of the audit committee
qualify as independent directors under our articles of association.
For a summary of the resolutions adopted at the meetings, please see
the report on Form 6-K submitted to the U.S. Securities and Exchange
Commission, available through http://www.sec.gov/.
Ternium is a leading steel producer in Latin America, with an annual
production capacity of approximately 10.8 million tons of finished
steel products. The company manufactures and processes a broad range
of value-added steel products for customers active in the
construction, automotive, home appliances, capital goods, container,
food and energy industries. With production facilities located in
Mexico, Argentina, Colombia, the southern United States and
Guatemala, Ternium serves markets in the Americas through its
integrated manufacturing system and extensive distribution network.
In addition, Ternium participates in the control group of Usiminas, a
Brazilian steel company. More information about Ternium is available
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 2389
Press spacebar to pause and continue. Press esc to stop.