ICA clarifies expected timing of delisting from the New York Stock Exchange
June 29 2016 - 7:00AM
MEXICO CITY, June 29, 2016 (GLOBE
NEWSWIRE) -- Empresas ICA, S.AB. de
C.V. (BMV:ICA) and (NYSE:ICA) announced on June 27,
2016 its intention to voluntarily delist its American Depositary
Shares ("ADSs"), evidenced by American Depositary Receipts
("ADRs"), from the New York Stock Exchange ("NYSE").
In connection with the voluntary
delisting, ICA wishes to clarify that:
- ICA expects to
file on July 8, 2016 a Form 25 (Notification of Removal from
Listing and/or Registration under Section 12(b) of the Securities
Exchange Act of 1934) with the Securities and Exchange Commission
("SEC") to voluntarily withdraw its ADSs from listing on the NYSE
and expects the delisting to become effective ten days
later.
ICA anticipates that the last day
of trading of its ADSs on the NYSE will be on July 8,
2016.
This press
release contains projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs
concerning future events. Forward-looking statements involve
inherent risks and uncertainties. We caution you that a number of
important factors could cause actual results to differ materially
from the plans, objectives, expectations, estimates and intentions
expressed in such forward-looking statements. These factors include
cancellations of significant construction projects included in
backlog, material changes in the performance or terms of our
concessions, additional costs incurred in projects under
construction, failure to comply with covenants contained in our
debt agreements, developments in legal proceedings, unanticipated
increases in financing and other costs or the inability to obtain
additional debt or equity financing on attractive terms, changes to
our liquidity, economic and political conditions and government
policies in Mexico or elsewhere, changes in capital markets in
general that may affect policies or attitudes towards lending to
Mexico or Mexican companies, changes in inflation rates, exchange
rates, regulatory developments, customer demand, competition and
tax and other laws affecting ICA's businesses and other factors set
forth in ICA's most recent filing on Form 20-F and in any filing or
submission ICA has made with the SEC subsequent to its most recent
filing on Form 20-F. All forward-looking statements are based on
information available to ICA on the date hereof, and ICA assumes no
obligation to update such statements.
Empresas
ICA, S.A.B. de C.V., carries out large-scale civil and industrial
construction projects and operates a portfolio of long-term assets,
including airports, toll roads, water systems, and real estate.
Founded in 1947, ICA is listed on the Mexican and New York Stock
exchanges. For more
information, visit http://ir.ica.mx/.
For more information, contact
Christianne Ibánez
christianne.ibanez@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3607
Pablo García
pablo.garcia@ica.mx
Chief Financial Officer
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via
Globenewswire
HUG#2023774