Tecnoglass Announces Timing of Regular Quarterly Dividend for First Quarter 2017
March 13 2017 - 5:15PM
Marketwired
BARRANQUILLA, COLOMBIA-(Marketwired - Mar 13, 2017) -
Tecnoglass, Inc. (NASDAQ: TGLS) ("Tecnoglass" or the "Company"), a
leading manufacturer of architectural glass, windows, and
associated aluminum products for the global commercial and
residential construction industries, today announced the timing for
the payment of its declared regular quarterly dividend of $0.125
per share for the first quarter 2017. The dividend will be payable
on April 28, 2017 to shareholders of record as of the close of
business on March 31, 2017. The dividend will be paid in cash or
ordinary shares, to be chosen at the option of holders of ordinary
shares during an election period beginning March 31, 2017 and
lasting until 5:00 P.M. Eastern Time on April 21, 2017. The value
of the ordinary shares to be used to calculate the number of shares
to be issued with respect to that portion of the dividend payable
in ordinary shares shall be the average of the closing price of the
Company's ordinary shares on NASDAQ during the three day period
from April 19, 2017 through April 21, 2017. If no choice is made
during this election period, the dividend for this election period
will be paid in ordinary shares. About TecnoglassTecnoglass Inc. is
a leading manufacturer of architectural glass, windows, and
associated aluminum products for the global commercial and
residential construction industries. Tecnoglass is the #1
architectural glass transformation company in Latin America and the
second largest glass fabricator serving the United States.
Headquartered in Barranquilla, Colombia, the Company operates out
of a 2.7 million square foot vertically-integrated,
state-of-the-art manufacturing complex that provides easy access to
the Americas, the Caribbean, and the Pacific. Tecnoglass supplies
more than 900 customers in North, Central and South America, with
the United States accounting for approximately 62% of revenues in
2016. Tecnoglass' tailored, high-end products are found on some of
the world's most distinctive properties, including the El Dorado
Airport (Bogota), 50 UN Plaza (New York), Trump Plaza (Panama),
Fordham University Law School (New York), Brickell City Center
(Miami), and The Woodlands (Houston). For more information, please
visit www.tecnoglass.com or view our corporate video at
https://vimeo.com/134429998. Forward Looking Statements This press
release includes certain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995,
including statements regarding future financial performance, future
growth and future acquisitions. These statements are based on
Tecnoglass' current expectations or beliefs and are subject to
uncertainty and changes in circumstances. Actual results may vary
materially from those expressed or implied by the statements herein
due to changes in economic, business, competitive and/or regulatory
factors, and other risks and uncertainties affecting the operation
of Tecnoglass' business. These risks, uncertainties and
contingencies are indicated from time to time in Tecnoglass'
filings with the Securities and Exchange Commission. In particular
there can be no assurance that Tecnoglass will be able to continue
to make regular quarterly dividend payments to the holders of its
ordinary shares or achieve any of its corporate objectives. The
information set forth herein should be read in light of such risks.
Further, investors should keep in mind that Tecnoglass' financial
results in any particular period may not be indicative of future
results. Tecnoglass is under no obligation to, and expressly
disclaims any obligation to, update or alter its forward-looking
statements, whether as a result of new information, future events
and changes in assumptions or otherwise, except as required by
law.Investor Relations:
Santiago Giraldo
Deputy
CFO
305-503-9062
investorrelations@tecnoglass.com
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