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Vitro: “2015 was one of the best years in history”

Vitro, S.A.B. de C.V., the leading glass producer in Mexico, reports that it held its General Annual Ordinary Shareholder’s Meeting on 11 April 2016.

The annual reports of the Audit Committee and of the Corporate Practices Committee were approved, as well as those of the Board of Directors and of the Chief Executive Office, for the fiscal year concluded last December 31st.
It was also approved the payment in cash of dividends from the profits reflected in the financial statements of the Company in the year concluded in December 31st of 2015, at the rate of $0.045536782 dollars per share. Finally, all the members of the Board of Directors were ratified included their President and Secretary for the period 2016. As a result, Vitro will maintain 5 Independent Directors, whom represent 41.66% of its composition, preserving it above the minimum level required by the Ley del Mercado de Valores (“Securities Exchange Act”) in Mexico.
After being ratified as Chairman of the Board, Adrián Sada González said: “The year 2015 has been a key moment for Vitro. Having turned challenges into opportunities and being faithful to the commitment to improve the finances of the Company generating value for our shareholders, reflected in the increase of 128 percent of Vitro’s share price.”
Adrián Sada Cueva, CEO told shareholders “2015 will go down in history as one of the best years for Vitro. During this period, we complete actions that strengthened our Company and thanks to those actions today we can present a financial and strategically stronger Vitro, with great prospects for value creation.”

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