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Nemak holds Annual Shareholders’ Meeting
Monterrey, Mexico. February 28, 2019. — Nemak, S.A.B. de C.V. (“Nemak”) (BMV: NEMAK) held its Annual General Shareholders' Meeting today. Armando Garza Sada, Chairman of the Board, and Armando Tamez, CEO, presented a report on the company's results for 2018, which was approved by the shareholders. In the shareholders' meeting, the payment of a cash dividend of US$0.0408 per share for the shares outstanding was also approved. In total, the dividend payment amounts to approximately US$125 million and will be paid in four equal installments this year on or after the following dates: April 1, July 1, October 1, and December 20. In the same meeting, shareholders appointed the members of Nemak's Board of Directors and approved a maximum amount of $2 billion Mexican pesos for share buybacks in 2019.
Nemak is a leading provider of innovative lightweighting solutions for the global automotive industry, specializing in the development and manufacturing of aluminum components for powertrain and body structure applications. The company employs more than 22,000 people at 38 facilities worldwide. In 2018, it generated revenues of US$4.7 billion. For more information about Nemak, visit www.nemak.com