MEXICO CITY, April 23 /PRNewswire-FirstCall/ -- Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (BMV: FINDEP) ("Independencia"), announced that its shareholders adopted the following resolutions at the Company's Ordinary Shareholders' Meeting held in Mexico City on April 22nd, 2009:
Resolutions Adopted by the Ordinary Shareholders' Meeting First item of the agenda, the shareholders resolved and approved:
The report of the general director regarding the items referred to in article 172 (except section b)) of the general law of commercial companies in connection with the company and its subsidiaries for the year ended on December 31, 2008, pursuant to article 44, section XI of the securities market law (ley del mercado de valores).
The opinion of the board of directors regarding the content of the report referred to in the above item, pursuant to article 28, section IV, subsection c) of the securities market law.
The report of the board of directors in terms of article 172, section b) of the general law of commercial companies, regarding the main policies and accounting and information criteria followed in the preparation of the financial information, pursuant to Article 28, section IV, subsection d) of the securities market law.
The report on the operations and activities of the board of directors during the year of 2008, pursuant to article 28, section IV, subsection e) of the securities market law.
The report on the operations and activities of the audit and corporate practices committee, for its performance during the applicable period of the year 2008.
Second item of the agenda: the shareholders resolved and approved the report issued pursuant to article 86, section XX of the income tax law (ley del impuesto sobre la renta), regarding compliance by the company with its tax obligations. Adoption of the corresponding resolutions.
Third item of the agenda: it is approved the proposal for the allocation of the company's results for the year ended on December 31, 2008.
It is resolved that the net income obtained until December 31, 2008, which is equivalent to the amount of Ps.622,924,832.00, is applied to the account named accumulated results of the company.
Fourth item of the agenda: it is resolve to ratify: Jose Luis Rion Santisteban, Roberto Alfredo Cantu Lopez, Horacio Altamirano Gonzalez, Carlos Morodo Santisteban, Guillermo Barroso Montull, Noel Gonzalez Cawley, Hector Angel Rodriguez Acosta, Rafael Arana de la Garza, Roberto Servitje Achutegui, Ana Paula Rion Cantu, Jose Ramon Elizondo Anaya and Carlos Javier de la Paz Mena, as members of the board of directors of the company.
It is resolved to approve the appointment of Jose Rion Cantu as member of the board of directors of the company.
It is resolved to approve the appointment of Rafael Arana de la Garza, as alternate director of the board of directors of the company in substitution of Lorenzo Ramirez Bonilla.
It is resolved that the members of the board can only be supplied by their appointed alternate directors during their temporary or definitive absences in compliance with article thirty first of the company's by laws.
It is recorded that Jose Ramon Elizondo Anaya, Roberto Servitje Achutegui and Hector Angel Rodriguez Acosta act as independent directors of the company.
It is resolved to ratify Jose Luis Rion Santisteban as the president of the board of directors of the company.
It is approved the compensation for the members of the board of directors of the company for the year 2009.
It is resolved to appoint Laura Mariscal Higareda as prosecretary non member of the board of directors of the company, in substitution of Ivan Rodrigo Libenson Violante.
It is resolved to ratify Iker Ignacio Arriola Penalosa as secretary non member of the board of directors of the company.
Fifth item of the agenda: it is resolved to ratify Jose Ramon Elizondo Anaya, Roberto Servitje Achutegui and Hector Angel Rodriguez Acosta as members of the audit and corporate practices committee of the company.
It is resolved to appoint Carlos Javier de la Paz Mena as a member and president of the audit and corporate practices committee of the company.
It is approved the compensation for the members of the audit and corporate practices committee for the year 2009.
It is approved the compensation for the president of the audit and corporate practices committee of the company.
Sixth item of the agenda: the shareholders resolved and approved the report regarding the repurchase of the company's shares, for the year ended December 31, 2008.
It is resolved and approved that the maximum amount that may be used by the company to repurchase the company's shares, for the year 2009 and until the shareholders decide otherwise, be set in Ps.500,000,000.00
About Financiera Independencia:
Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R. (Independencia), is a Mexican microfinance lender of personal loans to individuals. Independencia provides microcredit loans on an unsecured basis to individuals in the low-income segments in Mexico in urban areas of both the formal and informal economy. As of March 31, 2009, Independencia had a total outstanding loan balance of Ps.4,443.4 million, operated 197 offices in 143 cities throughout 31 of Mexico's 32 federal entities and had a total labor force of 9,212 people. The Company listed on the Mexican Stock Exchange on November 1, 2007, where it trades under the symbol "FINDEP". More information can be found at http://www.independencia.com.mx/
Some of the statements contained in this press release discuss future expectations or state other forward-looking information. Those statements are subject to risks identified in this press release and in Financiera Independencia's filings with the Mexican Stock Exchange. Actual developments could differ significantly from those contemplated in these forward-looking statements. The forward-looking information is based on various factors and was derived using numerous assumptions. Our forward-looking statements speak only as of the date they are made and, except as may be required by applicable law, we do not have an obligation to update or revise them, whether as a result of new information, future or otherwise.
Financiera Independencia, S.A.B. de C.V., SOFOM, E.N.R.
CONTACT: Mexico, Financiera Independencia, Vicente Gutierrez,
+52-55-5229-0291, vgutierrez@independencia.com.mx; or US, Breakstone Group,
Susan Borinelli, +1-646-330-5907, +1-646-452-2333,
sborinelli@breakstone-group.com
Web Site: http://www.independencia.com.mx/
