CHIHUAHUA, Mexico, Sept. 25, 2018 (GLOBE NEWSWIRE) -- Grupo Cementos de Chihuahua, S.A.B. de C.V. (BMV: GCC*) informs the market that it has made an early termination of the market maker agreement with UBS Casa de Bolsa, S.A. de C.V., UBS Grupo Financiero, for trading its shares on the Mexican Stock Exchange (BMV). The agreement began on March 12, 2018 and ended at the close of markets yesterday.
The agreement was entered into in order to promote the liquidity of the Company’s stock. During the course of 2018, GCC’s ranking for liquidity on the BMV rose 20 places, and the stock is now classified as “High Liquidity” by the BMV.
About GCC
GCC is a leading supplier of cement, concrete, aggregates, and construction‐related services in the United States and Mexico, with an annual cement production capacity of 5.4 million metric tons. Founded in 1941, the Company’s shares are listed on the Mexican Stock Exchange under the ticker symbol GCC*. GCC is included in the MSCI family of indexes and the benchmark S&P/BMV IPC index of Mexican stocks.
For further information, contact:
| GCC Investor Relations: | |
| Ricardo Martinez | Daniel Wilson, Zemi Communications |
| +52 (614) 442 3176 | +1 212 689 9560 |
| martinezg@gcc.com | dbmwilson@zemi.com |
Forward Looking Statements
This press release may contain forward-looking statements. All statements that are not clearly historical in nature are forward-looking, and the words “anticipate,” “believe,” “expect,” “estimate,” “intend,” “project” and similar expressions are generally intended to identify forward-looking statements. These statements are subject to risks and uncertainties including, among others, changes in macroeconomic, political, governmental or business conditions in the markets where GCC operates; changes in interest rates, inflation rates and currency exchange rates; performance of the construction industry; pricing, business strategy, and other factors. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may differ materially from the beliefs, projections, and estimates described herein. GCC assumes no obligation to update the information contained in this press release.