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San Pedro Garza García, Nuevo León, February 27 – Vitro, S.A.B. de C.V. (BMV: VITROA), henceforth “Vitro” or the “Company”, the leading glass producer in North America, held today its Annual Ordinary General Shareholders’ Meeting as per the announcement published last February 11 and 12.
The reports from the Audit Committee and the Corporate Practices Committee were approved, together with the financial statements for the 2017 period and the reports from the Chief Executive Officer. The Meeting also approved the annual reports from the Audit Committee, Corporate Practices Committee and from the Board of Directors for the period ending on December 31st, 2017.
A cash dividend payment of USD 0.0646776 per share was decreed resulting from the Net Profit reflected in the Company’s Financial Statements for the period ending in December 31st, 2017.
Furthermore, the Meeting agreed to ratify all the Board of Directors members, as well as its Chairman and Secretary for the 2018 period. As a result, Vitro will maintain 5 independent Directors representing 41.66% of the Board of Directors thus exceeding the minimum level required by Mexico’s Securities Market Law.
Following its ratification as Chairman of the Board of Directors, Adrián Sada González mentioned that “We are a consolidated company, integrated in its key businesses; the operational and financial discipline for managing the company of recent years allows us to confirm to you that we will continue to create value for all our stakeholders”Download
Founded in 1909, Vitro, S.A.B. de C.V. (BMV: VITROA), is the leading glass manufacturer in Mexico, and one of the largest in the world, backed by more than 100 years of experience in the industry. Headquartered in Monterrey, Mexico, the Company has subsidiaries in 10 countries throughout Europe and the Americas, through which it offers high quality products and reliable services that address the needs of two distinct businesses: containers and flat glass. Vitro’s manufacturing facilities produce, process, distribute and sell a wide range of glass products that form an important part of millions of people’s everyday lives. The Company also provides excellent solutions to a variety of industries, including: food, beverage, wines & spirits, cosmetics, and pharmaceutical, as well as the automotive and construction industries. In addition, Vitro is a supplier of raw materials, machinery and industrial equipment. As part of its culture of corporate responsibility, the Company continues to create new initiatives to improve the well-being of its employees, support the communities in which it conducts business, preserve the environment, and manage its business with the highest ethical standards and in complete transparency. For more information, you can Access Vitro’s Website at: http://www.vitro.com