Corporación Inmobiliaria Vesta, S.A.B. de C.V. Announces General Ordinary Shareholders’ Meeting
MEXICO CITY--(BUSINESS WIRE)-- Corporación Inmobiliaria Vesta, S.A.B. de C.V. (BMV: VESTA) (“Vesta”), one of the largest operators and pure-play developers of industrial real estate properties in Mexico, announced today that it will hold a General Ordinary Meeting of Shareholders on January 21st, 2015 at 10:00 AM in the auditorium of Club Piso 51, located at Av. Paseo de la Reforma No. 505, 51st floor, Colonia Cuauhtémoc, 06500, México, D.F.
Vesta is calling a General Ordinary Shareholders’ meeting to ask investors to vote on the following topics:
1) Approval to issue additional new shares for up to US$230 million dollars (including the green shoe option), which will be held in treasury to be offered in Mexico and/or outside Mexico, through public or private offerings to fund the development of industrial real estate assets, subject to the approval of the “Comisión Nacional Bancaria y de Valores” (CNBV).
2) Approval to issue additional new shares for up to US$19.3 million dollars to establish a long term incentive plan for the company’s management, taking into account their performance from 2015 to 2020.
3) Proposal, discussion and, if applicable, approval to carry out all acts necessary and/or convenient to give effect to the resolutions adopted with respect to the items of the Agenda of the General Ordinary Shareholders’ Meeting.
4) Appointment of a delegate or delegates to give effect to the resolutions that are adopted in the General Ordinary Shareholders’ Meeting.
Vesta will be hosting a conference call to discuss these matters in further detail. In addition, during this conference call, the Company will present “The Vesta Vision 20/20 Project”, which establishes Vesta’s expansion and growth strategy for the coming years.
The conference call will be held on Tuesday, January 6th, 2015 at 11:00am Mexico City Time.
Live Participant Dial-In (Mexico Toll Free): 01-800-522-0034
Live Participant Dial-In (US Toll Free): +1-877-705-6003
Live Participant Dial-In (International): +1-201-493-6725
The presentation as well as all of the documentation for the General Ordinary Shareholders’ meeting will be available at Vesta’s IR Web Site page at: www.vesta.com.mx.
Attendance and Voting Instructions
Shareholders who wish to attend the Shareholders´ Ordinary Meeting must deliver the following documents to Vesta by no later than 6.00 pm on January 19, 2015 (2 business days prior to the Shareholders’ meeting): (i) the depositary certificate issued by S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V., evidencing the ownership of the corresponding shares, as applicable, (ii) the list issued by the relevant custodian, evidencing the ownership of the corresponding shares, as applicable, and (iii) as applicable, the power of attorney to be represented in the meetings, through a sufficient general or specific mandate, granted in accordance with applicable law.
Deliveries should be made to Vesta’s offices, located at Bosque de Ciruelos No.304, 7th Floor, Col. Bosques de las Lomas, C.P. 11700, México, D.F., from 9:00 am to 2.00 pm and from 4.00 pm to 6:00 pm Monday to Friday.
Vesta is a real estate owner, developer and asset administrator of industrial buildings and distribution centers in Mexico. As of September 30, 2014, Vesta owned 108 properties located in modern industrial parks in 12 states of Mexico totaling a GLA of 16.6 million square feet (1.5 million square meters). The Company has multinational clients, which are focused in industries such as aerospace, automotive, food and beverage, logistics, medical devices, and plastics, among others. For additional information visit: www.vesta.com.mx.
Note on Forward-Looking Statements
This information may contain certain forward-looking statements and information relating to the Company that reflects the current views and/or expectations of the Company and its management with respect to its performance, business and future events. Forward looking statements include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance or achievements, and may contain words like “believe,” “anticipate,” “expect,” “envisages,” “will likely result,” or any other words or phrases of similar meaning. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this information and in oral statements made by authorized officers of the Company. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Investor Contact in Mexico:
Juan Sottil, CFO
Tel: +52 55 5950-0070 ext.133
Iga Wolska, IRO
Tel: +52 55 5950-0070 ext.124
In New York:
Tel: +1 212 661-7004
Released January 5, 2015