Grupo LALA Announces Dividend Payment
MEXICO CITY, Feb. 10, 2016 /PRNewswire/ -- Grupo LALA, S.A.B. de C.V. (BMV: LALAB) ("Grupo LALA", "LALA" or the "Company"), a Mexican company focused on healthy and nutritious foods, informs that, pursuant to the power delegated by the General Shareholders Meeting through the resolution dated April 24, 2014, on February 5, 2016 the Company's Board of Directors decided:
A cash dividend payment of $0.54 pesos per share for each of the outstanding shares representing LALA's total Capital Stock on the date of payment. This dividend will be paid in four installments, corresponding to the following dates and with the delivery of the corresponding coupon:
Regarding the stock certificates deposited in the S.D. Indeval Institución para el Depósito de Valores S.A. de C.V, payment of the aforementioned dividend will be made through such entity, in accordance with the terms and conditions of the respective shareholders' contracts with intermediary custodians.
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Please click on the following link for a PDF file containing the full text of the press release in Spanish: GRUPO LALA ANUNCIA PAGO DE DIVIDENDO
Grupo LALA, a Mexican company focused on healthy and nutritious food, has over 65 years of experience in producing, revitalizing and marketing milk, dairy products and drinks with the highest quality standards. There are 17 LALA production plants in operation and 165 distribution centers in Mexico and Central America, and it has more than 34,000 team members. LALA operates a fleet of more than 7,500 vehicles to distribute their 600+ products, which are delivered to over half a million points of sale. LALA´s portfolio it´s led by its two flagship brands LALA® and Nutri Leche®.
For more information, visit: www.grupolala.com
Grupo LALA is listed on the Mexican Stock Exchange under the ticker symbol "LALA B"
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SOURCE GRUPO LALA