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“América Móvil informs to the market”
Mexico City, April 16, 2018. América Móvil, S.A.B. de C.V. ("AMX") [BMV: AMX] [NYSE: AMX | AMOV], announces that, its shareholders approved, among others, the following matters:
Dividend
To pay an ordinary cash dividend of MXP$0.32 (Thirty two peso cents) per share, payable in two installments of MXP$0.16 (Sixteen peso cents), on July 16th and November 12th, 2018, to each of the shares of its capital stock series “AA”, “A” and “L” (including the preferred dividend to which series “L” shares are entitled).
Buyback Program
To allocate an amount equal to MXP$3,000’000,000.00 (Three billion pesos) as its buyback program for the April 2018 – April 2019 period, such amount includes the balance of the buyback program fund as of today.
Cancellation of Treasury Shares
To cancel AMX’s treasury shares acquired by AMX as part of its buyback program, except for five billion series “L” treasury shares which will remain in AMX’s treasury.
Board of Directors
To appoint, including reelections, the following members of AMX’s Board of Directors, Executive Committee, and Audit and Corporate Practices Committee:
Board of Directors
Carlos Slim Domit (Chairman) | Vanessa Hajj Slim |
Patrick Slim Domit (Vice Chairman) | David Ibarra Muñoz |
Carlos Bremer Gutiérrez | Rafael Moisés Kalach Mizrahi |
Louis C. Camilleri | Francisco Medina Chávez |
Antonio Cosío Pando | Carlos Slim Helú |
Arturo Elías Ayub | Luis Alejandro Soberón Kuri |
Pablo Roberto González Guajardo | Ernesto Vega Velasco |
Daniel Hajj Aboumrad | Oscar Von Hauske Solís |
Alejandro Cantú Jiménez (Corporate Secretary)
Rafael Robles Miaja (Corporate Pro-Secretary)
Executive Committee
Carlos Slim Domit (Chairman)
Daniel Hajj Aboumrad
Patrick Slim Domit
Audit and Corporate Practices Committee
Ernesto Vega Velasco (Chairman)
Carlos Bremer Gutiérrez
Pablo Roberto González Guajardo
Rafael Moisés Kalach Mizrahi
This press release contains certain forward-looking statements that reflect the current views and/or expectations of AMX and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. 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 this release. AMX is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
AMÉRICA MÓVIL, S.A.B. DE C.V. | ||
By: |
/S/ Alejandro Cantú Jiménez
| |
Name: Title: |
Alejandro Cantú Jiménez
Attorney-in-fact |