FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

Report of Foreign Private Issuer

 

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

 

For the month of February, 2016
Commission File Number 1-11080

 

THE ICA CORPORATION
(Translation of registrant's name into English)

 

Blvd. Manuel Avila Camacho 36
Col. Lomas de Chapultepec
Del. Miguel Hidalgo
11000 Mexico City
Mexico
(Address of principal executive offices)

 

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

 

Form 20-F.....x.... Form 40-F.........

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____

 

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

 

Yes ..... No...x...

 

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- ________

 

 

 

 

ICA Announces Receipt of Notice of Non-Compliance from New York Stock Exchange

February 8, 2016, Mexico City – Empresas ICA, S.AB. de C.V. (BMV and 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

 

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

 

Date: February 9, 2016

Empresas ICA, S.A.B. de C.V.   /s/ Pablo Garcia                     Name: Pablo Garcia Title:   Chief Financial Officer