Sep 2021 Financial News

Trinidad Cement Limited - Notice of Shareholder Approval - Master Services and Intellectual Property Agreement

Sep 28, 2021

TCL advised that at the Annual Meeting of the Company held on September 23, 2021, the shareholders duly considered and passed an ordinary resolution suthorising the Company to enter into the following agreements with CEMEX S.A.B. de C.V. and its affiliated companies ("CEMEX"), effective January 1, 2022:

1. a Master Services and intellectual Property Agreement with CEMEX S.A.B. de C.V. with the general intent and purpose of establishment of a framework for the corporate services and royalties provided by CEMEX to TCL;
2. an Intellectual Property Agreement with CEMEX Innovation Holdings A.G. for the right to use different trademarks, names, and intellectual property owned by CEMEX and licensed to TCL; and 
3. a Service Agreement with CEMEX Espana Geston y Servicios for the provision of corporate services.

Source:
The Trinidad and Tobago Stock Exchange Limited
Tuesday 28th September, 2021