Shareholders Approve all Resolutions on the Agenda of Ternium’s Annual and Extraordinary General Meetings
May 02 2018 - 4:20PM
The annual and extraordinary general meetings of shareholders of
Ternium S.A. (NYSE:TX), which were held today in Luxembourg,
approved all resolutions on its agenda.
Among other resolutions adopted at the meetings,
the shareholders approved the consolidated financial statements and
unconsolidated annual accounts for the year ended December 31, 2017
and the proposed dividend of USD0.11 per share (USD1.10 per
ADS). The dividend will be paid on May 10, 2018, and the
corresponding record date will be May 7, 2018.
In addition, the shareholders re-elected Ubaldo
José Aguirre, Roberto Bonatti, Carlos Alberto Condorelli, Vincent
Robert Gilles Decalf, Adrian Lajous Vargas, Gianfelice Mario Rocca,
Paolo Rocca and Daniel Agustín Novegil as members of the board of
directors to serve until the next annual shareholders meeting that
will be convened to decide on the 2018 accounts. The meeting also
re-appointed PricewaterhouseCoopers, Societé coopérative, Cabinet
de révision agréé, as Ternium’s independent auditor for the 2018
fiscal year.
The board of directors subsequently re-appointed
Paolo Rocca as its chairman, Daniel Agustín Novegil as
vice-chairman and Máximo Vedoya as Ternium’s chief executive
officer, and confirmed Ubaldo José Aguirre, Vincent Robert Gilles
Decalf and Adrián Lajous Vargas 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.
Furthermore, the extraordinary shareholders
meeting approved all proposed amendments to 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/.
About Ternium
Ternium is Latin America’s leading flat steel
producer, with operating facilities in Mexico, Brazil, Argentina,
Colombia, the southern United States and Central America. The
company offers a broad range of high value-added steel products for
customers active in the automotive, home appliances, construction,
capital goods, container, food and energy industries through its
manufacturing and service center network and advanced customer
integration systems. More information about Ternium is available at
www.ternium.com.Sebastián MartíTernium -
Investor Relations+1 (866) 890 0443+54 (11) 4018
8389www.ternium.com
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