LUXEMBOURG / ACCESSWIRE / April 28, 2020 / Ternium S.A. (NYSE:TX) announced today that the company's board of directors has convened its postponed annual general meeting of shareholders to be held in Luxembourg on Friday, June 5, 2020, at 3:00 p.m. CET and that the postponed extraordinary general meeting of shareholders will be held immediately after the adjournment of the annual general meeting of shareholders. Each holder of Ternium ADSs as of May 1, 2020, shall be entitled to instruct The Bank of New York Mellon, the depositary bank, as to the exercise of the voting rights pertaining to the shares represented by such holder's ADSs.
In addition, given the uncertainty around the effects of the recession originated by COVID-19 on the industry, and on their impact on Ternium's results of operations, cash flows or financial condition in the medium term, Ternium's board of directors has decided to withdraw its previously-announced annual dividend proposal for fiscal year 2019.
The following documents are available on the Company's website at www.ternium.com on the Investor section:
- Notice and Agenda for the meetings.
- Shareholder Meeting Brochure and Proxy Statement.
- Company's 2019 Consolidated Management Report as supplemented by an update as of April 28, 2020 (which includes the Company's consolidated financial statements as of December 31, 2019 and 2018 and for the years then ended, and the Company's annual accounts as at December 31, 2019, together with the independent auditors' report thereon).
- Draft of the consolidated articles of association of the Company, including the amendments to the articles referred to in the agenda for the extraordinary general meeting of shareholders and the report by the Board of Directors thereto.
Copies of these documents are also available, free of charge, at the Company's registered office in Luxembourg, between 10:00 a.m. and 5:00 p.m. CET, subject to restrictions imposed from time to time by Luxembourg authorities due to Covid-19. In addition, shareholders registered in the Company's share register may obtain electronic copies of such documents, free of charge, by sending an e-mail request to ir@ternium.com.
About Ternium
Ternium is Latin America's leading flat steel producer, with operating facilities in Mexico, Brazil, Argentina, Colombia, the southern United States and Central America. The company offers a broad range of high value-added steel products for customers active in the automotive, home appliances, HVAC, construction, capital goods, container, food and energy industries through its manufacturing facilities, service center and distribution networks, and advanced customer integration systems. More information about Ternium is available at www.ternium.com.
Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com
SOURCE: Ternium S.A. via EQS Newswire
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