ICA to delay filing of its 2015 Annual Report and Unaudited First Quarter 2016 Earnings Report
April 28 2016 - 7:00AM
Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA),
announced today that it will delay filing its 2015 Annual Report,
including the Annual Report on Form 20-F. The Company will
also delay reporting its unaudited first quarter 2016 results.
The Company will publish its unaudited first
quarter 2016 earnings report by the end of May 2016, in accordance
with Article 45 of the General Provisions Applicable to Issuers of
Securities and Other Securities Market Participants. The Company
has decided to extend the publication date of its financial reports
because it is primarily focused on the operational and financial
restructure process and has been required to devote a
substantial portion of its personnel and administrative resources,
including the personnel of its accounting and financial reporting
organization, to matters relating to its restructure.
In this regard, the company will focus on
publishing its unaudited first quarter 2016 earnings report no
later than May 26, 2016.
ICA expects to be able to file its 2015 Annual
Report with the Mexican Banking and Securities Commission (CNBV)
and its Annual Report on Form 20-F with the U.S. Securities and
Exchange Commission no later than May 17, 2016.
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
Christianne Ibanez
christianne.ibanez@ica.mx
relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3012
Pablo García
pablo.garcia@ica.mx
Chief Financial Officer
In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com