In This Article:
LIMA, Peru, October 29, 2024--(BUSINESS WIRE)--Cementos Pacasmayo S.A.A. (NYSE: CPAC; BVL: CPACASC1) ("the Company" or "Cementos Pacasmayo") announced today that the Company's Board of Directors in its session held on October 28, 2024 approved a cash dividend of S/ 0.41 per common and investment share, which represents a total of S/190,300,410.64 related to retained earnings as of December 31, 2014, and the results from 2015 to 2023, in accordance with what was authorized at the Annual Shareholder’s Meeting held on March 21, 2024.
The dividends to be distributed correspond to the accumulated results as of Decemeber 31, 2014 and for the years 2015 to 2023, according to the following chart
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | Total | |
| Dividend to be distributed | 189.77 | 3,886.48 | 48,950.26 | 39,515.44 | 32,317.37 | 240,149.38 | 349,049.78 | 6,413,788.95 | 85,970,351.37 | 97,202,211.84 | 190,300,410.64 |
| Dividends related to treasury shares | 14.74 | 301.78 | 3,800.93 | 3,068.33 | 2,509.41 | 18,647.32 | 27,103.31 | 498,023.19 | 6,675,496.99 | 7,547,637.79 | 14,776,603.79 |
| Net to distribute | 175.03 | 3,584.70 | 45,149.33 | 36,447.11 | 29,807.96 | 221,502.06 | 321,946.47 | 5,915,765.76 | 79,294,854.38 | 89,654,574.05 | 175,523,806.85 |
| Tax rate for dividends | 4.10% | 6.80% | 6.80% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% | 5.00% |
Since the Company holds 36,040,497 investment shares as treasury shares, the dividend per share of S/0.41 that corresponds to these shares and which totals S/14,776,603.79, as a result of the mentioned distribution will remain in the Company's equity, so that the total dividend distributed without considering such treasur shares is S/ 175,523,806.85
Considering that each ADS represents five common shares, the cash dividend equivalent per ADS is S/ 2.05. For the payment of the ADSs, the Company will pay CAVALI the amount of the corresponding dividend to the ADS program in national currency. CAVALI will afterwards deposit said amount in favor of: JP MORGAN CHASE BANK N.A. FBO HOLDERS OF ADRS on the same date established for the delivery of the dividend in the domestic market. JP MORGAN CHASE BANK N.A is the entity responsible for making the payment to each of the holders of ADSs under the conditions of currency, distribution factor, stipulations and other regulations that correspond.
Concept: Accumulated Results
Fiscal year: 2023
Amount to be distributed: S/.190,300,410.64
Dividends per share details
Type of Share: CPACASC1 - COMMON SHARES
Number of shares: 423,868,449
Amount of dividend per share: S/.0.41
Type of Share: CPACASI1 - INVESTMENT SHARES
Number of shares: 40,278,894
Amount of dividend per share: S/.0.41