Shareholders Approve All Resolutions on the Agenda of Ternium's Annual General Meeting
May 07 2014 - 4:00PM
Marketwired
Shareholders Approve All Resolutions on the Agenda of Ternium's
Annual General Meeting
LUXEMBOURG--(Marketwired - May 7, 2014) - The annual general
meeting of shareholders of Ternium S.A. (NYSE: TX), which was held
today in Luxembourg, approved all resolutions on its agenda.
Among other resolutions adopted at the meeting, the shareholders
approved the consolidated financial statements and unconsolidated
annual accounts for the year ended December 31, 2013 and the
proposed dividend of US$0.075 per share (US$0.75 per ADS), or
approximately US$150.4 million. Ternium will pay the dividend
on May 16, 2014, and the corresponding record date will be May
13.
The shareholders meeting also re-elected Ubaldo Aguirre, Roberto
Bonatti, Carlos Condorelli, Pedro Pablo Kuczynski, Adrian Lajous,
Bruno Marchettini, 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 2014 accounts, and re-appointed
PricewaterhouseCoopers, Societé coopérative, Cabinet de
révision agréé, as Ternium's independent auditor for the 2014
fiscal year.
The board of directors subsequently re-appointed Paolo Rocca as
its chairman and Daniel Novegil as Ternium's chief executive
officer, and confirmed Ubaldo Aguirre, Pedro Pablo Kuczynski and
Adrián Lajous 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.
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 a leading steel producer in Latin America, with an
annual production capacity of approximately 10.9 million tons of
finished steel products. The company manufactures and processes a
broad range of value-added steel products for customers active in
the construction, automotive, home appliances, capital goods,
container, food and energy industries. With production
facilities located in Mexico, Argentina, Colombia, the southern
United States and Guatemala, Ternium serves markets in the Americas
through its integrated manufacturing system and extensive
distribution network. In addition, Ternium participates in the
control group of Usiminas, a Brazilian steel company. More
information about Ternium is available at
www.ternium.com.
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