Cemex 2013 Annual Report Download - page 41

CEMEX shareholders receive new shares
On April 24, 2013, as a result of the application of retained
earnings for a capital increase approved by CEMEX’s share-
holders at the General Ordinary Shareholders Meeting held
on March 21, 2013, CEMEX shareholders received new
shares as follows:
1 new CEMEX CPO per 25 CEMEX CPOs held, or, if appli-
cable, 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 fractions
from which no shares are issued.
The delivery of the new CPOs or shares was made starting
on April 26, 2013. Only holders of record of CEMEX CPOs
or ADSs as of April 25, 2013 (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
30, 2013. 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 man-
datory convertible obligations due 2019, were adjusted
accordingly. The subscription price was MXN$13.6940
per new CEMEX CPO. The shares were issued at a price
of MXN$4.5647 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 earnings. CEMEX
shareholders were not required to pay any consideration in
connection with the issuance of the shares.
CEMEX issues US$600 million in senior secured
notes
On March 14, 2013, CEMEX issued US$600 million
aggregate principal amount of senior secured notes (the
“Notes”) denominated in U.S. dollars. The Notes bear inter-
est at an annual rate of 5.875% and will mature in 2019.
The Notes were issued at par and are callable commenc-
ing on their 3rd anniversary. The closing of the offering
occurred on March 25, 2013.
CEMEX used approximately US$55 million of the net
proceeds from the offering for the repayment in full of
the remaining indebtedness under CEMEX’s Financing
Agreement, dated August 14, 2009, as amended, and the
remainder for general corporate purposes, including the
repayment of other indebtedness.
The Notes share in the collateral pledged for the benefit
of the lenders under CEMEX’s Facilities Agreement, dated
as of September 17, 2012, and other secured obligations
having the benefit of such collateral, and are guaranteed
by CEMEX México, S.A. de C.V., CEMEX Concretos, S.A. de
C.V., Empresas Tolteca de México, S.A. de C.V., New Sun-
ward Holding B.V., CEMEX España, S.A., Cemex Asia B.V.,
CEMEX Corp., Cemex Egyptian Investments B.V., CEMEX
France Gestion (S.A.S.), Cemex Research Group AG, Cemex
Shipping B.V. and CEMEX UK.
Dividends
(US dollars per ADS)
For the years 2012, 2011, 2010,
2009 and 2008, a recapitalization
of retained earnings was approved.
For more information read note 11
on page 25.
0.90
0.83
0.60
0.61
0.51
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ITESM Querétaro Design and
Architecture School, Mexico
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