Mexico City, May 24th, 2024 – Terrafina (“TERRA”) (BMV: TERRA13), a leading Mexican industrial real estate investment trust, externally advised by PGIM Real Estate and dedicated to the acquisition, development, lease, and management of industrial real estate properties in Mexico, hereby informs the marked that, today, Monex Casa de Bolsa, S.A. de C.V., Monex Grupo Financiero, in its capacity as common representative (the “Common Representative”) of the holders of the non-redeemable real estate trust certificates (certificados bursátiles fiduciarios inmobiliarios no amortizables) identified by the ticker symbol “TERRA 13” (the “Certificates”) issued by CIBanco, S.A., Institución de Banca Múltiple, in its capacity as trustee (the “Trustee”) of the Irrevocable Management Trust Agreement identified under number F/00939 dated 29 January 2013 (as amended from time to time, the “Trust Agreement”), in accordance with the Trust Agreement and the global certificate evidencing the issuance of the Certificates, published a call for an Extraordinary Holders’ Meeting (the “Holders’ Meeting”) to be held on 5 June 2024, in order to, among others, approve to authorize the Independent Members of the Technical Committee who have no conflict of interest: (i) to instruct the Trustee to engage, with charge to the Trust estate, a law firm specialising in taxation, a financial advisor and any other necessary and/or convenient advisor, recognised in the industry, in order to carry out, among others, a comparative analysis in favor of the Holders, with respect to the offers received by the Trust, including the acquisition of the Certificates; and (ii) make available to the Holders who so request, through the Common Representative, its conclusions, with pros and cons, with respect to the proposals submitted to the Trust based on the analysis referred to in (i) above; in addition to the authorities provided in the Trust Agreement and, so that the Holders may take an informed decision.
In this regard, Terrafina informs that such call for a Holders’ Meeting was made by the Common Representative at the request of a certificate Holder who individually holds more than 10% of the outstanding Certificates, in accordance with the provisions of Clause 4.1(d) of the Trust Agreement.
Terrafina will keep the market informed in a timely manner regarding the resolutions adopted at the Holders’ Meeting and will take appropriate action to act in the best interests of its Certificate holders at all times.
Miranda Newswire: Full Press Release – Download PDF
Investor Relations Contact Details
Francisco Martínez
Investor Relations Officer
Tel: +52 (55) 5279-8107
E-mail: francisco.martinez@terrafina.mx
Marimar Torreblanca
Miranda IR
Tel: +52 (55) 5282-2992
E-mail: marimar.torreblanca@miranda-partners.com
About TERRAFINA