LUXEMBOURG / ACCESS Newswire / May 6, 2025 / Ternium S.A. (NYSE:TX) announced that its annual general meeting of shareholders and its extraordinary general meeting of shareholders held on May 6, 2025 approved all resolutions on their agendas.
Among other resolutions adopted, the shareholders approved the consolidated financial statements and unconsolidated annual accounts for the year ended December 31, 2024, and the proposed annual dividend of $ 0.27 per share ($ 2.70 per ADS). The annual dividend includes the interim dividend of $ 0.09 per share ($ 0.90 per ADS) paid in November 2024. A net dividend of $ 0.18 per share ($ 1.80 per ADS) will be paid on May 14, 2025, to all shareholders of record as of May 9, 2025.
The annual general meeting resolved to maintain the number of directors at eight, approved the re-election of Messrs. Roberto Bonatti, Vincent Robert Gilles Decalf, Gianfelice Mario Rocca, Paolo Rocca, Daniel Agustin Novegil and Mmes. Gioia María Ghezzi and Lorenza Martínez Trigueros to the Board of Directors and approved to appoint Ms. Alicia Lucía Móndolo as new member of the Board of Directors. All board members will hold office until the meeting that will be convened to decide on the 2025 accounts. The meeting also re-appointed PricewaterhouseCoopers, Societé coopérative, Cabinet de révision agréé, as Ternium's independent auditors for the fiscal year ending December 31, 2025.
The board of directors subsequently re-appointed Mr. Paolo Rocca as its chairman, Mr. Daniel Agustín Novegil as vice-chairman and Mr. Máximo Vedoya as Ternium's chief executive officer. The board of directors also confirmed and re-appointed Mr. Vincent Robert Gilles Decalf, Ms. Gioia Ghezzi and Ms. Lorenza Martinez Trigueros as members of Ternium's audit committee, with Mr. Decalf to continue to chair the committee. All three members of the audit committee qualify as independent directors under the Company's articles of association.
The extraordinary general meeting of shareholders resolved to renew the validity period of Ternium's authorized share capital, granted related authorizations, waivers and exceptions, and approved the corresponding amendments to Ternium's articles of association to reflect such resolutions.
For a summary of the resolutions adopted at the meetings, please see the report on Form 6-K submitted to the U.S. Securities and Exchange Commission, available at www.sec.gov.
Forward Looking Statements
Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance, or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.
About Ternium
Ternium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, specially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.
Contact:
Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com
SOURCE: Ternium S.A.
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https://www.accessnewswire.com/newsroom/en/industrial-and-manufacturing/shareholders-approve-all-resolutions-on-the-agenda-of-terniums-annual-1024293