Mexico City, August 10th, 2021 – Hoteles City Express, S.A.B. de C.V. (“Hoteles City Express” or the “Company”) (BMV: HCITY) informs the investing public that today, August 10th, 2021, it published the Notice of Commencement of the Preemptive Period (the “Notice”) in one of the most widely circulated newspapers in the Company’s headquarters location, as well as in the electronic system established by the Ministry of Economy (Secretaría de Economía) and in EMISNET, in terms of the variable part of the capital stock’s capital increase approved at the Company’s Ordinary General Shareholders’ Meeting, held on July 21st, 2021 (the “Meeting“), for a total amount of up to $1,300,000,000.00 (one billion three hundred million pesos 00/100 M.N.) (the “Capital Increase“), which corresponds to a total amount per share of $7.00 (seven pesos 00/100 M.N.) (the “Subscription Price“).
In said Notice, the investing public is informed that tomorrow, August 11th, 2021, the Preemptive Period will begin, and will have a duration of 15 (fifteen) calendar days, concluding on August 25th, 2021 (the “Preemptive Period“). During said Preemptive Period, the Company’s shareholders who so determine, if they were shareholders as of August 12th, 2021 (the Ex Right Date), may exercise their right to subscribe and pay for the Capital Increase, either in proportion to their shareholding, or below such proportion, or if they so desire, above the proportion corresponding to them based on their current shareholding, in the terms described in the attached document.
On September 2nd, 2021, the Company will publish the final results for the Capital Increase, considering the final number of shares effectively subscribed and paid as part of the Capital Increase (including Remaining Shares).
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Investor Relations Contact Details
Héctor Vázquez
Corporate Finance and IR
Phone: +52 55-5249-8067
E-mail: hvazquez@hotelescity.com
Ana María Ybarra
Miranda IR
Phone: +52 55-3660-4037
E-mail: ana.ybarra@miranda-ir.com