Mexico City, Mexico, May 21st, 2020 – UNIFIN Financiera, S.A.B. de C.V. (ticker: UNIFINA) (“UNIFIN” or the “Company”) announces a proposal to carry out a capital increase of MXN$2.52 bn.
UNIFIN, the leading leasing company in Latin America, announces its controlling shareholders plan to carry out a capital increase of up to MXN$2.52 bn. The capital increase will be put to a vote at the upcoming Shareholders’ Meeting on June 5th.
UNIFIN plans to issue 140 million new shares, at a price of MXN$18/s. All shareholders will be able to participate in the preference share offering and thereby avoid dilution. The controlling shareholder group plans to participate in the acquisition of new shares, aligned with its commitment to the Company.
The offering of new shares will improve UNIFIN’s capital and liquidity ratios, and will put the company in strong position to support its clients in this challenging economic period. UNIFIN believes that as Mexico emerges from the COVID-19 pandemic, there will be attractive opportunities in leasing and lending to Mexican SMEs, and wants to be well prepared for when that moment comes.
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Investor Relations Contact Details
David Pernas – Director, IR & Corporate Finance
Tel: +52 (55) 4162-8270
E-mail: unifin_ri@unifin.com.mx