Cementos Pacasmayo S.A.A. Proposes Dividend for Fiscal Year 2021
March 14, 2022 at 11:07 am EDT
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The Board of Directors of Cementos Pacasmayo S.A.A. unanimously approved to convene a non presential Annual Shareholders' Meeting that will take place through the Google Meet virtual platform, on April 7, 2022. Likewise, the Board of Directors unanimously approved the following resolution proposals that are proposed to be submitted for approval by the Meeting: Propose to the Mandatory Annual Shareholders' Meeting the ratification of the distribution of dividends made during fiscal year 2021 in the amount of PEN 366,676,400.97 at a rate of PEN 0.79 per common and investment share charged to the accumulated results obtained by years 2014 to 2019, of which PEN 28,471,992.63 correspond to investment shares acquired by the Company (shares in treasury), so that by maintaining said amount in the Company's equity, the amount of the dividend corresponding to third parties was PEN 338,204,408.34.
Pacasmayo Cement Corp, formerly Cementos Pacasmayo SAA, is a Peru-based company principally engaged in the elaboration and manufacture of cements, lime, aggregates, cement blocks and bricks, pre-mixed concrete and sale of construction materials. The Company is active in the development of traditional and blended cement, ready-mix concrete, mortars, quicklime, concrete blocks, diatomite bricks and aggregates, among others. It manages all kind of mining activities exploration, prospecting, development, exploitation, commercialization, general work, beneficiation and transportation. Additionally, the Company provides various services and construction solutions, such as concrete pumping, metal shuttering systems, pavement service and delivery of construction materials. The Company owns a number of subsidiaries around American Latin and other localizations.