Quilmes Industrial (QUINSA) S.A. Announces Outcome of its Ordinary General Meeting
July 16 2007 - 4:34PM
PR Newswire (US)
LUXEMBOURG, July 16 /PRNewswire-FirstCall/ -- Quilmes Industrial
(QUINSA) S.A. (NYSE:LQU) ("Quinsa" or the "Company") announced
today the outcome of its Ordinary General Meeting for the financial
year ended December 31, 2006 that took place in Luxembourg on June
29, 2007. Under the Chairmanship of Mr. Joao M. Giffoni Castro
Neves, the Ordinary General Meeting heard the report of the Board
of Directors and the reports of the statutory and independent
auditors for the financial year 2006 and approved the annual
consolidated and unconsolidated accounts for the year ended
December 31, 2006. The General Meeting also approved the dividend
distribution for the year ended December 31, 2006. August 16, 2007
will be the date for payment of the dividend of US$ 0.045818 net
per share to all holders of Class A shares and of the dividend of
US$ 0.458180 net per share to all holders of Class B shares
tendering coupon No. 15 or registered as of August 3, 2007 (Record
Date). The net dividend per ADR shall be US$ 0.91636. The General
Meeting further acknowledged resignations of certain directors and
proceeded to appointments of directors, as a consequence of which
the board of directors is currently composed as follows: 1. Mr.
Victorio Carlos De Marchi Co-Chairman 2. Mr. Alvaro Cardoso de
Souza Co-Chairman 3. Mr. Milton Seligman 4. Dunvegan S.A.
represented by Mr. Lucas Machado Lira 5. Mr. Fernando Martin
Minaudo 6. Mr Joao M. Giffoni Castro Neves 7. Mr Floreal Horacio
Crespo ABOUT QUINSA Quinsa is a Luxembourg-based holding company
that controls 93% of Quilmes International (Bermuda) ("QIB"). The
remaining stake is held by Companhia de Bebidas das Americas -
AmBev ("AmBev"). Quinsa, through QIB, controls beverage and malting
businesses in five Latin American countries. Its beer brands are
strong market leaders in Argentina, Bolivia, Paraguay and Uruguay
and have a presence in Chile. Further, the Company has entered into
license and distribution agreements to produce and sell in
Argentina, Bolivia, Chile, Paraguay and Uruguay AmBev and InBev
brands. Similarly, under the agreements AmBev may produce and
distribute Quinsa's brands in Brazil. The Company also has bottling
and franchise agreements with PepsiCo, and thus accounts for 100%
of PepsiCo beverage sales in both Argentina and Uruguay. Quinsa's
Class A and Class B shares are listed on the Luxembourg Stock
Exchange (Reuters codes: QUIN.LU and QUINp.LU). Quinsa's American
Depositary Shares, representing the Company's B shares, are listed
on the New York Stock Exchange (NYSE:LQU). Quinsa's web address:
http://www.quinsa.com/. DATASOURCE: Quilmes Industrial (Quinsa)
S.A. CONTACT: Francis Cressall, Quilmes Industrial (Quinsa) S.A.,
+011-5411-4349-1846 Web site: http://www.quinsa.com/
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