Grupo Financiero Banorte, S.A.B. De C.V. (GBOOY: OTC Link) | RESOLUTION PROPOSALS – GFNorte´s EGM

RESOLUTION PROPOSALS – GFNorte´s EGM – OGM Shareholders´ Meeting January 22nd, 2013

Jan 04, 2013

OTC Disclosure News Service

Monterrey, N.L.

Monterrey, N.L., as of January 2nd, 2013.

 

With respect to the First Notice published today, regarding the Extraordinary and Ordinary General Shareholders’ Meetings to be held on January 22nd, 2013, shareholders are informed of the following for the Meetings´ agendas:

 

EXTRAORDINARY GENERAL SHAREHOLDER’S MEETING

 

I.    Discussion, and if the case, approval of changes to Article Second of the Corporate By-laws of the Company, in order to (i) exclude Ixe Automotriz, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte, as an integrated entity of Grupo Financiero Banorte, S.A.B. de C.V., as a result of its merger with Arrendadora y Factor Banorte, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte and ii) modify the legal denomination of Ixe Casa de Bolsa, S.A. de C.V., Grupo Financiero Banorte, to Casa de Bolsa Banorte Ixe, S.A. de C.V., Grupo Financiero Banorte, and as a result, authorization to subscribe the new Agreement of Shared Responsibilities.

 

First.- It is proposed to modify Article Second of the Corporate By-laws of the Company, in order to exclude Ixe Automotriz, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte, as an integrated entity of Grupo Financiero Banorte, S.A.B. de C.V., as a result of its merger with Arrendadora y Factor Banorte, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte; and modify the legal denomination of Ixe Casa de Bolsa, S.A. de C.V., Grupo Financiero Banorte, to Casa de Bolsa Banorte Ixe, S.A. de C.V., Grupo Financiero Banorte.

 

Therefore, it is proposed that Article Second to be worded as follows:

 

ARTICLE SECOND:- EQUITY SHAREHOLDINGS. Under the terms of Article 15 of the Law to Regulate Financial Groups, the Company participates in the capital of the following financial institutions:

1.     Banco Mercantil del Norte, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte.

2.     Arrendadora y Factor Banorte, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte.

3.     Almacenadora Banorte, S.A. de C.V., Organización Auxiliar del Crédito, Grupo Financiero Banorte.

4.     Pensiones Banorte Generali, S.A. de C.V., Grupo Financiero Banorte.

5.     Seguros Banorte Generali, S.A. de C.V., Grupo Financiero Banorte.

6.     Ixe Banco, S.A., Institución de Banca Múltiple, Grupo Financiero Banorte

7.     Fincasa Hipotecaria, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte.

8.     Casa de Bolsa Banorte Ixe, S.A. de C.V., Grupo Financiero Banorte.

9.     Ixe Fondos, S.A. de C.V., Sociedad Operadora de Sociedades de Inversión, Grupo Financiero Banorte.

10.  Ixe Soluciones, S.A. de C.V., Sociedad Financiera de Objeto Múltiple, Entidad Regulada, Grupo Financiero Banorte.

 

The Company may participate, upon authorization from the Ministry of Finance and Public Credit in the capital of other financial institutions or companies that provide complementary or auxiliary services to one or more of the group’s financial institutions, as well as other companies authorized by the Ministry of Finance and Public Credit through general dispositions.”

 

Second.- It is proposed to approve the text and to subscribe the new Agreement of Shared Responsibilities including all of Grupo Financiero Banorte, S.A.B. de C.V.’s entities.

 

This statutory reform will be conditional upon obtaining approval from the Ministry of Finance and Public Credit (SHCP), in terms of Article 17 of the Law to Regulate Financial Groups, with the understanding that the delegates appointed by the Assembly may carry out adjustments or amendments to that resolution specified by the SHCP.

 

Third.- It is proposed to designate delegate(s) to formalize and execute, if the case, the resolutions passed by the Assembly.

 

Forth.-  It is proposed the drafting, reading and approval of the Assembly’s minutes.

 

 

ORDINARY GENERAL SHAREHOLDERS’ MEETING

 

1.- Discussion, and if the case, approval of a proposed cash dividend payment equivalent to Ps. $0.549 per share.

 

First.- It is proposed to distribute a cash dividend of Ps. $ 0.549 per share, derived from the retained earnings of previous years, which will be covered in three installments of Ps. $0.183 per share, respectively, in January 31th, April 23rd and July 23rd, 2013 against delivery of coupons number 6, 7 and 8, respectively.

 

The dividend installments will be covered in the established dates, through S.D. Indeval, Institución para el Depósito de Valores, S.A. de C.V. (Institution for Securities’ Deposit), with previous notice published by the Secretary of the Board of Directors in one of the most circulated newspapers in the city of Monterrey, Nuevo Leon and through the Electronic Delivery and Information Diffusion System “Sistema Electrónico de Envío y Difusión de Información” (SEDI) of the Mexican Stock Exchange.

 

The total dividend to be paid against the 2011 profits amounts to Ps. $0.732 per share, approved by the Group’s Board of Directors last July 26th, 2012, of which the first disbursement of Ps. $0.183 per share was made on October 24th, 2012. The total amount of the dividend to be paid represents 20% of the recurring profits of 2011 and the payout was determined according the new dividend policy approved on October 2011, which establishes a payment of the 20% of recurring net income in the event that annual profit growth is greater than 20%.

 

Second.-It is proposed to designate delegate(s) to formalize and execute, if the case, the resolutions passed by the Assembly.

 

Third.- It is proposed the drafting, reading and approval of the Assembly’s minutes.

This release includes additional documents. Select the link(s) below to view.

EGM – OGM Resolution Proposals January 22, 2013.pdf

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/GBOOY/news?id=57156

Leave a Reply

WP Facebook Auto Publish Powered By : XYZScripts.com
Bunk Beds