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 resolutions adopted by the Ordinary and Extraordinary Shareholders’ Meeting held today 10:00 hrs. in Mexico City.
- Company’s Board of Directors Report
The Board of Directors’ report for the fiscal year from January 1st to December 31st, 2020 was approved.
- Capital reimbursement to Company’s shareholders through a capital reduction.
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 was approved. 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.
The meeting ratified the following Directors:.
The profile of the members of the Board of Directors can be found in the following link: https://rotoplas.com/investors/corporate-governance/ -> Board of Directors
The meeting ratified or appointed the following members of the Audit Committee, the Corporate Practices Committee and the Compensation Committee:
- Audit Committee:
John G. Sylvia was ratified as chairman, José María Tomás González Lorda was appointed as secretary and Marina Díaz Ibarra was appointed as member.
- Audit Committee:
- Corporate Practices Committee:
The meeting ratified Jerónimo Marcos Gerard Rivero as chairman, Luis Fernando Reyes Pacheco as secretary and John G. Sylvia as member. - Compensation Committee:
Luis Fernando Reyes Pacheco was ratified as chairman and José María Tomás González Lorda as secretary.
- Corporate Practices Committee:
- Compensation to the members of the Board of Directors and the Audit, Corporate Practices and Compensation Committees of the Company.
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, was approved.
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, was approved.
- Acquisition and placement program of the Company’s own shares
The report on the acquisition and placement program of the Company’s own shares was approved. Additionally, it was authorized to use 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
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Investor Relations Contact Details
Mariana Fernández
María Fernanda Escobar