CEMEX Subsidiary in the Philippines Receives Pre-Effective Approval for Sale of a Minority Stake in Its Capital Stock
June 20 2016 - 5:30AM
Business Wire
- Further approvals still pending
CEMEX, S.A.B. de C.V. (“CEMEX”) (NYSE: CX), announced today that
CEMEX Holdings Philippines, Inc. (“CHP”), an indirectly
wholly-owned subsidiary of CEMEX España, S.A., received a
pre-effective approval regarding the registration statement it had
filed with the Securities and Exchange Commission of the
Philippines (the “Philippine SEC”) relating to a proposed initial
public offering of CHP’s common shares (the “Offering”). CHP also
received the notice of approval from the Philippine Stock Exchange
(the “PSE”) for the listing of CHP’s shares on the PSE. Subject to
obtaining the corresponding final approval from the Philippine SEC,
CHP has the intention to, in a public offering to investors in the
Philippines and, in a concurrent private placement to eligible
investors outside of the Philippines, offer a minority interest in
CHP’s capital stock. The pre-effective approval by the Philippine
SEC and the notice of approval by the PSE are important steps for
the Offering.
This press release does not constitute or form part of an
offer to sell or solicitation of an offer to purchase or subscribe
for securities in the United States or in any other jurisdiction.
The securities referred to herein have not been and will not be
registered under the U.S. Securities Act of 1933, as amended (the
“Securities Act”), and may not be offered or sold in the United
States or in any other jurisdiction absent registration or an
applicable exemption from the registration requirements of the
Securities Act or from the registration requirements in any such
other jurisdiction.
THERE WILL NOT BE A REGISTRATION WITH THE NATIONAL SECURITIES
REGISTRY (REGISTRO NACIONAL DE VALORES) MAINTAINED BY THE MEXICAN
NATIONAL BANKING AND SECURITIES COMMISSION (COMISIÓN NACIONAL
BANCARIA Y DE VALORES, OR CNBV), AND NO PUBLIC OFFERING OR
BROKERAGE ACTIVITIES MAY BE CONDUCTED IN MEXICO, EXCEPT PURSUANT TO
A PRIVATE PLACEMENT EXEMPTION SET FORTH UNDER ARTICLE 8 OF THE
MEXICAN SECURITIES MARKET LAW (LEY DEL MERCADO DE VALORES), TO
MEXICAN INSTITUTIONAL AND QUALIFIED INVESTORS.
A REGISTRATION STATEMENT RELATING TO CHP’S COMMON SHARES HAS
BEEN FILED WITH THE PHILIPPINE SEC, BUT HAS NOT YET BECOME
EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR OFFERS TO BUY THEM
BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT IS
RENDERED EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN
OFFER TO SELL OR BE CONSIDERED A SOLICITATION TO BUY.
The listing of CHP’s common shares is subject to the approval
of the board of directors of the PSE. The PSE will make no
representation as to its completeness and expressly disclaims any
liability whatsoever for any loss arising from reliance on the
entire or any part of the Offering documents. Such approval for
listing, once granted, is permissive only and will not constitute a
recommendation or endorsement of the offering by the PSE or the
Philippine SEC.
This press release contains forward-looking statements and
information that are necessarily subject to risks, uncertainties,
and assumptions. Many factors could cause the terms of the
transaction described herein to change and any such changes could
be significant. No assurance can be given that any such transaction
will be consummated on the terms described herein or on other
terms, or as to the ultimate terms of any such transaction. CEMEX
assumes no obligation to update or correct the information
contained in this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20160620005413/en/
CEMEX, S.A.B. de C.V.Media Relations:Jorge Pérez,
+52(81) 8888-4334mr@cemex.comorInvestor Relations:Eduardo
Rendón, +52(81) 8888-4256ir@cemex.comorAnalyst
Relations:Lucy Rodriguez,
+1-212-317-6007ir@cemex.com
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