Mexico City, Mexico, August 25th, 2020. In relation to the capital increase in the variable portion of the capital stock approved by the Stockholders’ Meeting of Unifin Financiera, S.A.B. de C.V. (“Unifin” or the “Company”) held on June 5th, 2020 (the “Shareholders´ Meeting”), the Company informs that it has successfully concluded the process of subscription and payment of all of the 140,000,000 shares issued, for a total amount of MXN$2,520 million pesos, according to the following:
- During the pre-emptive rights period comprised from the 5th to the 20th August, 2020, the current shareholders, including relevant directors of the Company, subscribed and paid 20,599,503 shares.
- In terms of the resolutions of the Shareholders’ Meeting and the Board of Directors, the remaining 119,400,497 shares that were not subscribed and paid during the aforementioned pre-emptive rights period, were subscribed and paid in full by the controlling shareholder of the Company and by certain institutional and strategic investors.
Derived from the successful capital increase in the aforementioned amount, the Company’s capitalization ratio increased from 18.0% to 22.1%, bolstering the Company’s financial position in the current context of the Mexican economy. Likewise, the interest and participation from different institutional and strategic investors in the capital increase will contribute to the liquidity of the Company’s shares in the stock market.
The successful capital increase demonstrates the commitment of Unifin’s principal shareholder, who continues to exercise the control of the Company, as well as the support of minority shareholders, relevant executives and new investors in the strategy and management of Unifin.
Sergio Camacho, Unifin’s CEO, said: “We are very pleased with the capital increase which shows the market’s confidence in our business model. The proceeds from the capital increase will strengthen the Company’s capital structure and will be used as working capital in order to grant leasing and loans for small and medium Mexican enterprises in support of the economic development of the country”.
Miranda Newswire – Full Press Release: Download PDF
Investor Relations Contact Details
David Pernas – Director, IR & Corporate Finance
Lucia Badiola – Investor Relations
Tel: +52 (55) 4162-8270
E-mail: unifin_ri@unifin.com.mx
Web Page: www.unifin.com.mx/index-en.php