Cemex 2012 Annual Report Download - page 34

With an increasingly complex operating environment
in the building materials industry, CEMEX decided to
make a quantum leap by adopting the best technology
available, which is scalable, customizable, and rapidly
adaptable to ever-changing market conditions. Based
on a SAP-centric model and a clear vision for the future,
CEMEX has incorporated a robust platform that inte-
grates more eciently all internal core processes and
enhances its ability to operate consistently across all of
its operations. This translates into a faster and better
response to customers’ requirements and expectations.
For the deployment of its new platform, CEMEX was
supported by Neoris, its global business and IT con-
sulting firm, which is a SAP Global Services Partner.
Neoris, through its SAP Excellence Centers—a group of
knowledgeable and experienced consultants—supports
SAP global implementations.
CEMEX shareholders receive new shares
On March 29, 2012, as a result of the application of
retained earnings for a capital increase approved by
CEMEX’s shareholders at the General Ordinary Share-
holders’ Meeting held on February 23, 2012, CEMEX
shareholders received new shares as follows:
• 1 new CEMEX CPO per 25 CEMEX CPOs held, or,
if applicable, 3 new shares per 75 shares currently
outstanding;
• 1 new CEMEX American Depositary Share (“ADS”)
per 25 ADSs held; and
• No cash was distributed by CEMEX, including frac-
tions from which no shares are issued.
The delivery of the new CPOs or shares was made
starting on March 30, 2012. Only holders of record
of CEMEX CPOs or ADSs as of March 29, 2012 (the
record date) received new shares as a result of the
increase in the capital stock. The new ADSs issued
were distributed on or about April 3, 2012. Each ADS
represents 10 CPOs. As a result, the conversion rate
of CEMEX’s convertible subordinated notes due 2015,
2016, and 2018, as well as CEMEX’s mandatory con-
vertible obligations due 2019, were adjusted accord-
ingly. The subscription price was MXN$9.8792 per
new CEMEX CPO. The shares were issued at a price of
MXN$3.2931 per share, of which MXN$0.00277661
went to our capital stock and the remaining amount
as premium for the subscription of capital, and were
deemed fully paid by a capitalization of retained earn-
ings. CEMEX shareholders were not required to pay
any consideration in connection with the issuance of
the shares.
01
02
03
04
05
06
07
0.51
0.52
0.51
0.61
0.60
0.90
0.83
Dividends
US dollars per ADS
For the years 2008, 2009, 2010, and 2011 a
recapitalization of retained earnings was approved.
For more information read note 11 on page 21.
Caracolito Cement Plant in Colombia
34
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