{"id":383137,"date":"2020-11-17T09:58:16","date_gmt":"2020-11-17T14:58:16","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=383137"},"modified":"2020-11-17T09:58:16","modified_gmt":"2020-11-17T14:58:16","slug":"cementos-pacasmayo-s-a-a-announces-annual-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-annual-dividend\/","title":{"rendered":"Cementos Pacasmayo S.A.A. Announces Annual Dividend"},"content":{"rendered":"

<\/p>\n

Cementos Pacasmayo S.A.A. Announces Annual Dividend<\/b><\/p>\n

LIMA, Peru–(BUSINESS WIRE<\/a>)–
\nCementos Pacasmayo S.A.A. (NYSE: CPAC) (BVL: CPACASC1) (\u201cthe Company\u201d or \u201cCementos Pacasmayo\u201d) announced today that the Company’s Board of Directors in its session held on November 16, 2020 approved a cash dividend of S\/ 0.23 per common and investment share, which represents a total of S\/106,753,888.89 related to retained earnings as of December 31, 2015, in accordance with what was authorized at the Annual Shareholder\u2019s Meeting held on July 9, 2020. The Company\u2019s Board of Directors decided to distribute a lower cash dividend this year, because since the beginning of the pandemic, the priority has been to preserve our entire workforce, as well as their health, safety and wellbeing.\n<\/p>\n

\nSince the Company holds 36,040,497 investment shares as treasury shares, the dividend per share of S\/0.23 that corresponds to these shares and which totals S\/ 8,289,314.31 as a result of the mentioned distribution will remain in the Company’s equity, so that the total dividend distributed without considering such treasury shares is S\/ 98,464,574.58.\n<\/p>\n

\nConsidering that each ADS represents five common shares, the cash dividend equivalent per ADS is S\/ 1.15. For the payment of the ADSs, the Company will pay CAVALI the amount of the corresponding dividend to the ADS program in national currency. CAVALI will afterwards deposit said amount in favor of: JP MORGAN CHASE BANK N.A. FBO HOLDERS OF ADRS on the same date established for the delivery of the dividend in the domestic market. JP MORGAN CHASE BANK N.A is the entity responsible for making the payment to each of the holders of ADSs under the conditions of currency, distribution factor, stipulations and other regulations that correspond.\n<\/p>\n

\nCash Dividend Payment Details:
\n
Concept: Retained Earnings
\n
Year: 2015
\n
Amount to distribute: S\/ 106,753,888.89\n<\/p>\n

\nDividends per share details
\n
Type of Share: CPACASC1 – COMMON SHARES
\n
Number of shares: 423,868,449
\n
Amount of dividend per share: S\/.0.23\n<\/p>\n

\nType of Share: CPACASI1 – INVESTMENT SHARES
\n
Number of shares: 40,278,894
\n
Amount of dividend per share: S\/.0.23\n<\/p>\n

\nEarnings Distribution Concept: 2014-Retained Earnings,
\n
Value Type: CPACASC1 COMMON SHARES
\n
Register Date: 12\/07\/2020\n<\/p>\n

\nValue Type: CPACASC1 COMMON SHARES
\n
Distribution Date: 12\/18\/2020<\/p>\n

Value Type: CPACASI1 INVESTMENT SHARES
\n
Register Date: 12\/07\/2020\n<\/p>\n

\nValue Type: CPACASI1 INVESTMENT SHARES
\n
Distribution Date: 12\/18\/2020\n<\/p>\n

\nObservations: The cut-off dates (12.03.2020) registration (12.07.2020), are the same for the common shares and investment shares listed on the Lima Stock Exchange and ADR listed on the New York Stock Exchange.\n<\/p>\n

About Cementos Pacasmayo S.A.A.<\/b><\/p>\n

\nCementos Pacasmayo S.A.A. is a Peruvian cement company located in the Northern region of Peru. In February 2012, the Company\u2019s shares were listed on The New York Stock Exchange – Euronext under the ticker symbol “CPAC”. With more than 60 years of operating history, the Company produces, distributes and sells cement and cement-related materials, such as concrete blocks and ready-mix concrete. Cementos Pacasmayo\u2019s products are primarily used in construction, which has been one of the fastest-growing segments of the Peruvian economy in recent years. The Company also produces and sells quicklime for use in mining operations.\n<\/p>\n

For more information, please visit: http:\/\/www.cementospacasmayo.com.pe<\/a><\/i><\/p>\n

Note on Forward-Looking Statements<\/b><\/p>\n

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management\u2019s current view and estimates of future economic circumstances, industry conditions, Company performance and financial results. Also, certain reclassifications have been made to make figures comparable for the periods. The words \u201canticipates\u201d, \u201cbelieves\u201d, \u201cestimates\u201d, \u201cexpects\u201d, \u201cplans\u201d and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.<\/i><\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201117005920\/en\/<\/a><\/span><\/p>\n

\nCementos Pacasmayo S.A.A.
\n
In Lima, Peru:
\n
Manuel Ferreyros, CFO
\n
Claudia Bustamante
\n
Investor Relations Manager
\n
+511-317-6000 Ext. 2165
\n
cbustamante@cpsaa.com.pe<\/a><\/p>\n

KEYWORDS:<\/b> Peru United States South America North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Building Systems Manufacturing Other Manufacturing Other Construction & Property Construction & Property<\/p>\n

MEDIA:<\/b><\/p>\n\n","protected":false},"excerpt":{"rendered":"

Cementos Pacasmayo S.A.A. Announces Annual Dividend LIMA, Peru–(BUSINESS WIRE)– Cementos Pacasmayo S.A.A. (NYSE: CPAC) (BVL: CPACASC1) (\u201cthe Company\u201d or \u201cCementos Pacasmayo\u201d) announced today that the Company’s Board of Directors in its session held on November 16, 2020 approved a cash dividend of S\/ 0.23 per common and investment share, which represents a total of S\/106,753,888.89 related to retained earnings as of December 31, 2015, in accordance with what was authorized at the Annual Shareholder\u2019s Meeting held on July 9, 2020. The Company\u2019s Board of Directors decided to distribute a lower cash dividend this year, because since the beginning of the pandemic, the priority has been to preserve our entire workforce, as well as their health, safety and wellbeing. Since the … <\/p>\n

Continue reading “Cementos Pacasmayo S.A.A. Announces Annual Dividend”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-383137","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nCementos Pacasmayo S.A.A. Announces Annual Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/cementos-pacasmayo-s-a-a-announces-annual-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Cementos Pacasmayo S.A.A. 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