Vitro holds annual ordinary general shareholders’ meeting

Vitro’s financial statements for the 2017 period were approved

Financial reports presented to shareholders were approved, a cash dividend payment was declared and Board of Directors members were ratified.

Vitro, S.A.B. de C.V., the leading glass producer in North America, has held its Annual Ordinary General Shareholders’ Meeting.
The reports from the Audit Committee and the Corporate Practices Committee were approved, together with the financial statements for the 2017 period and the reports from the Chief Executive Officer. The Meeting also approved the annual reports from the Audit Committee, Corporate Practices Committee and from the Board of Directors for the period ending 31 December 2017.
A cash dividend payment of USD 0.0646776 per share was decreed resulting from the Net Profit reflected in the company’s Financial Statements for the period ending 31 December 2017.
Furthermore, the Meeting agreed to ratify all the Board of Directors members, as well as its Chairman and Secretary for the 2018 period. As a result, Vitro will maintain five independent Directors representing 41.66% of the Board of Directors thus exceeding the minimum level required by Mexico’s Securities Market Law.
Following its ratification as Chairman of the Board of Directors, Adrián Sada González mentioned that “We are a consolidated company, integrated in its key businesses; the operational and financial discipline for managing the company of recent years allows us to confirm to you that we will continue to create value for all our stakeholders.”