- Shareholders Also Approve Bylaws of Board Committees -
MEXICO CITY, March 29 /PRNewswire/ -- Grupo Elektra, S.A. de C.V.
(BMV: ELEKTRA*; Latibex: XEKT), the leading retail, consumer finance and
banking and financial services provider in Latin America, announced today that
Grupo Elektra shareholders meeting held at the company's headquarters in
Mexico City, approved a dividend payment of Ps.310 million (Ps. 1.31 per
share), expected to be paid on April 6.
Shareholders also approved the bylaws of the Board's Investments,
Compensation, Audit and Related Parties Committees. The bylaws promote
efficiency in strategic and operating decisions, and contribute to consolidate
Grupo Elektra's leadership in retail and financial services. The documents
approved can be found in the company's web page at
http://www.grupoelektra.com.mx
The company noted that the committees of Grupo Elektra are based on
standards that will be applicable in the future. In the case of the
Investments and Compensation Committees, 66% of their members are external,
and in the Audit and Related Parties Committees 100% of the directors are
external.
Grupo Elektra has pioneered advanced corporate governance initiatives in
Mexico, with measures that surpass the legal requirements and generate
progress in transparency and in the communication with shareholders.
Company Profile:
Grupo Elektra is Latin America's leading specialty retailer, consumer
finance and banking services company. Grupo Elektra sells retail goods and
services through its Elektra, Salinas y Rocha, Bodega de Remates and
Elektricity stores and over the Internet. The Group operates more than 1,000
stores in Mexico, Guatemala, Honduras, Peru and Panama. Grupo Elektra also
sells and markets its consumer finance, banking and financial products and
services through approximately 1,400 Banco Azteca branches located within its
stores, as a stand-alone, and in other channels in Mexico and Panama. Banking
and financial services include loans, electronic money transfer services,
extended warranties, demand deposits, pension-fund management, insurance, and
credit information services.
Except for historical information, the matters discussed in this press
release are forward-looking statements and are subject to certain risks and
uncertainties that could cause actual results to differ materially from those
projected. Risks that may affect Grupo Elektra are identified in filings with
the securities authorities.
Contacts:
Dinorah Macias Bruno Rangel
Investor Relations Director of Investor Relations
Grupo Elektra S.A. de C.V. Grupo Salinas
Tel. +52 (55) 1720-7819 Tel. +52 (55) 1720-9167
Fax. +52 (55) 1720-7822 Fax +52 (55) 1720-0831
dmacias@elektra.com.mx jrangelk@gruposalinas.com.mx
SOURCE Grupo Elektra, S.A. de C.V.
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Related links:
http://www.grupoelektra.com.mx
CONTACT:
Dinorah Macias, Investor Relations of Grupo
Elektra S.A. de C.V., +52-55-1720-7819, Fax. +52-55-1720-7822,
dmacias@elektra.com.mx; or Bruno Rangel, Director of Investor
Relations of Grupo Salinas, +52-55-1720-9167, or Fax
+52-55-1720-0831, jrangelk@gruposalinas.com.mx
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