MEXICO CITY, Feb. 08, 2016 (GLOBE
NEWSWIRE) -- Empresas ICA, S.AB. de
C.V. (BMV:ICA) (NYSE:ICA),
the largest infrastructure and construction company in Mexico,
announced today that on January 8, 2016 it received notice from the
New York Stock Exchange (NYSE) that ICA is no longer in compliance
with the NYSE's continued listing standards because the average
closing price of ICA's American Depositary Shares, or ADSs, over a
consecutive 30 trading-day period was less than US$1.00 per
share.
Under NYSE rules, ICA has six
months following receipt of the notice to comply with the minimum
share price requirement.
ICA has notified the NYSE of its
intention to cure this deficiency within the prescribed timeframe.
During the six-month cure period, the Company's ADSs will continue
to be listed and trade on the NYSE. The Company's business
operations are not affected by the receipt of this NYSE notice.
This press
release contains projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs
concerning future events. Such forward-looking statements are
subject to various risks and uncertainties and may differ
materially from actual results or events due to important factors
such as changes in general economic, business or political or other
conditions in Mexico, Latin America or elsewhere, changes in
capital markets in general that may affect policies or attitudes
towards lending to Mexico or Mexican companies, changes in tax and
other laws affecting ICA's businesses, increased costs,
unanticipated increases in financing and other costs or the
inability to obtain additional debt or equity financing on
attractive terms and other factors set forth in ICA's most recent
filing on Form 20-F and in any filing or submission ICA has made
with the SEC subsequent to its most recent filing on Form 20-F. All
forward-looking statements are based on information available to
ICA on the date hereof, and ICA assumes no obligation to update
such statements.
Empresas
ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA
carries out large-scale civil and industrial construction projects
and operates a portfolio of long-term assets, including airports,
toll roads, water systems, and real estate. Founded in 1947, lCA is
listed on the Mexican and New York Stock exchanges. For more
information, visit ir.ica.mx.
For more information, please contact:
Gabriela Orozco
gabriela.orozco@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3012
Pablo Garcia
Chief Financial Officer
pablo.garcia@ica.mx
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com