TECNOGLASS ANNOUNCES TIMING OF REGULAR QUARTERLY DIVIDEND FOR FIRST QUARTER 2018
March 08 2018 - 7:00AM
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 $0.14 per
share for the first quarter of 2018. The dividend will be payable
on April 30, 2018 to shareholders of record as of the close of
business on March 29, 2018.
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 April 2, 2018 and lasting until
5:00 P.M. Eastern Time on April 18, 2018. 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 period from April 5,
2018 through April 18, 2018. If no choice is made during this
election period, the dividend for this election period will be paid
in ordinary shares of the Company.
About
Tecnoglass
Tecnoglass 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
over 900 customers in North, Central and South America, with the
United States accounting for more than 70% of revenues. Tecnoglass'
tailored, high‐end products are found on some of the world’s most
distinctive properties, including the El Dorado Airport (Bogota),
50 United Nations Plaza (New York), Trump Plaza (Panama), Trump
Tower (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. 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
Chief Financial Officer
305-503-9062
investorrelations@tecnoglass.com
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