Grupo Rotoplas, S.A.B. de C.V. (BMV: AGUA*) (“Rotoplas” or “The Company”), the leading provider of water-solutions in the Americas, announces the proposals that will be submitted to the Ordinary and Extraordinary Shareholders’ Meeting to be held on April 30th, 2021, at 10:00 hrs. in Mexico City.
- Company’s Board of Directors Report.
It is proposed to approve the Board of Directors report for the fiscal year from January 1st to December 31st, 2020.
- Capital reimbursement to Company’s shareholders through a capital reduction.
It is proposed to approve a capital reimbursement to the shareholders of the Company through a capital reduction in the amount of Ps.$0.45 (forty five cents) per each outstanding share.
The corresponding payment will be made in cash and in a single exhibition through the S.D. Indeval, Institución para el Depósito de Valores S.A. de C.V. as of May 11, 2021.
- Ratification of the members of the Board of Directors and members of the Audit, Corporate Practices and Compensation Committees of the Company.
It is proposed to ratify thirteen members of the Board.
Board of Directors | |
Ratification | |
Carlos Rojas Mota Velasco | Chairman of the Board |
Mario Antonio Romero Orozco | Director |
Gonzalo Uribe Lebrija | Director |
Carlos Rojas Aboumrad | Director |
Alfredo Elías Ayub | Director |
Pablo Iturbe Fernández | Director |
John G. Sylvia | Independent Director |
Francisco Amaury Olsen | Independent Director |
José María Tomás González Lorda | Independent Director |
Luis Fernando Reyes Pacheco | Independent Director |
Marina Diaz Ibarra | Independent Director |
Alberto Esteban Arizu | Independent Director |
Jerónimo Marcos Gerard Rivero | Independent Director |
It is proposed to remove two members
Board of Directors | |
Removal | |
Alejandro Aboumrad Gabriel | Independent Director |
Francisco José González Gurría | Director |
The profile of the members of the Board of Directors can be found in the following link: https://rotoplas.com/investors/corporate-governance/
It is proposed to appoint or ratify the members of the Audit Committee, the Corporate Practices Committee and the Compensation Committee, which are integrated as follows:
- Audit Committee:
To ratify John G. Sylvia as chairman, to appoint José María Tomás González Lorda as secretary and to appoint Marina Diaz Ibarra as member.
- Corporate Practices Committee:
To ratify Jeronimo Marcos Gerard Rivero as chairman, Luis Fernando Reyes Pacheco as secretary and John G. Sylvia as member.
- Compensation Committee:
To ratify Luis Fernando Reyes Pacheco as chairman and José María Tomás González Lorda as secretary, and to appoint José Luis Mantecón García as member.
About José Luis Mantecón García:
José Luis Mantecón García is currently the Vice President of Human Capital and Sustainability at Grupo Rotoplas. He holds a bachelor’s degree in Business Administration from Saint Michael’s College and an executive postgraduate degree in marketing from Universidad Anáhuac. Prior to joining the company in 1993, Mr. Mantecón founded several companies in the construction sector.
- Compensation to the members of the Board of Directors and the Audit, Corporate Practices and Compensation Committees of the Company.
It is proposed to ratify the payment of three “Centenary” coins (or its equivalent in Mexican pesos, paid by check or electronic transfer of funds) as compensation for each session of the Board of Directors.
For the Audit, Corporate Practices and Compensation Committees of the Company, the payment of one “Centenary” coin (or its equivalent in Mexican pesos, paid by check or electronic funds transfer) as compensation for each session of the Committee.
- Acquisition and placement program of the Company’s own shares
It is proposed to approve the report on the acquisition and placement program of the Company’s own shares, as well as to authorize the maximum amount of resources amounting to the total net profits of the Company, including retained earnings existing as of December 31st, 2020 for the purchase of own shares during the fiscal year 2021, in terms of article 56 section IV of the Securities Market Law.
- Information and related documents for the Shareholders’ Meeting.
Related documents (power of attorney and proxy form) are available on the Company’s website: https://rotoplas.com/investors/corporate-governance/#4
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María Fernanda Escobar