Apr 2010 Financial News

Trinidad Cement Limited Shareholder Advisory – CEMEX to Maintain its TCL Shareholding

Apr 09, 2010

The following press released was received from Trinidad Cement Limited:

SHAREHOLDER ADVISORY
CEMEX to Maintain its TCL Shareholding

TCL has received formal notification from CEMEX, through its subsidiary company, Sierra Trading, that it wishes to maintain its 20% shareholding in Trinidad Cement Limited.

Shareholders were notified in two prior advisories that CEMEX had planned to dispose of its TCL shareholding as part of a debt restructuring programme and were informed about the action being taken by the TCL Board to protect their interests.

Consequent upon the retention of their shareholding, Sierra Trading has expressed the desire to resume its representation on the TCL Board. This matter has been addressed by the Board, which has agreed that Mr. Luis Miguel Cantú Pinto be appointed a Director to fill a casual vacancy in accordance with Clause 4.4.2 of the Company’s By-Laws effective April 30, 2010. The appointment will also be submitted for shareholder confirmation at the upcoming TCL Annual Meeting, scheduled for June 2, 2010.

Shareholders will be kept advised of any further significant developments.


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday April 9, 2010