Empresas Ica Soc Contrladora (ICA) 0.57 $ICA
ICA clarifies expected timing of delisting from the New York Stock Exchange
Globe Newswire - Wed Jun 29, 6:00AM CDT
MEXICO CITY, June 29, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) and (NYSE:ICA) announced on June 27, 2016 its intention to voluntarily delist its American Depositary Shares ("ADSs"
, evidenced by American Depositary Receipts ("ADRs", from the New York Stock Exchange ("NYSE".
ICA: 0.57 (unch)
ICA Announces Clarifying Amendment to US$215 Million Secured Convertible Loan With Fintech
Globe Newswire - Tue Jun 28, 6:39AM CDT
MEXICO CITY, June 28, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced today that it entered into an amendment agreement to clarify the terms of the secured convertible loan agreement (the "Loan" previously entered into through its subsidiaries Controladora de Operaciones de Infraestructura, S.A. de C.V. ("CONOISA" and ICA Promocion e Infraestructura, S.A.P.I. de C.V. ("ICAPI", and together with CONOISA the "Borrowers", with Fintech Europe S.A.RL. ("Fintech", as lender, and ICA acting as guarantor. The amendment is intended to clarify the original intention of the parties that the loan also may be convertible into certificados de participacion ordinaria ("CPOs" or shares representative of the capital stock of ICA, as the case may be, representing up to 40% of the then fully-diluted capital stock of ICA, provided that the conversion option would be effective upon the receipt of certain regulatory and corporate approvals. Although the loan might also be convertible into direct shares of certain of ICA's operational subsidiaries, as previously disclosed, ICA considers that providing Fintech with a conversion option at the holding company level allows ICA to avoid the dilution of its interest in certain of its operational subsidiaries if Fintech chooses to exercise its option, prior to June 16, 2019, to convert the Loan at the holding company level or by delivering shares of ICA's subsidiaries received as payment to ICA against delivery of CPOs or shares representative of the capital stock of ICA, as the case may be.
ICA: 0.57 (unch)
Correction: ICA Announces Delisting from the New York Stock Exchange
Globe Newswire - Tue Jun 28, 6:38AM CDT
- ICA shares will continue to trade on the Mexican Stock Exchange
ICA: 0.57 (unch)
ICA Announces Delisting from the New York Stock Exchange and Termination of its ADR Program
GlobeNewswire - Mon Jun 27, 9:30PM CDT
-- ICA shares will continue to trade on the Mexican Stock Exchange
ICA: 0.57 (unch)
Summary of ICA Business Plan
Globe Newswire - Fri Jun 17, 9:47AM CDT
MEXICO CITY, June 17, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) made a preliminary summary of its business plan, attached to this press release, publicly available to creditors and investors. This preliminary business plan does not take into account the signing of the US$215 million secured convertible loan announced today, and as a result should not be relied upon by any party in performing a valuation of ICA's assets. In particular, these projections do not account for the dilution of ICA's interest in certain concession and construction subsidiaries and entities that would result from the exercise of the conversion feature or the payment-in-kind option under the convertible loan.
ICA: 0.57 (unch)
ICA Announces the Signing of a US$215 Million Secured Convertible Loan with Fintech
Globe Newswire - Fri Jun 17, 8:30AM CDT
MEXICO CITY, June 17, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced today that it signed a secured convertible loan agreement for a total principal amount of US$215 million and a three-year term of maturity, through its subsidiaries Controladora de Operaciones de Infraestructura, S.A. de C.V. ("CONOISA" and ICA Promocion e Infraestructura, S.A.P.I. ("ICAPI", and together with CONOISA, the "Borrowers", with Fintech Europe S.A.RL. ("Fintech", as lender, and ICA acting as guarantor. The loan may be disbursed in two tranches of US$54 million and US$161 million subject to the satisfaction of certain conditions precedent. The net proceeds of the loan to ICA (after deducting fees and commissions) are expected to be approximately US$50.2 million and US$149.7 million, respectively, for each tranche.
ICA: 0.57 (unch)
Empresas ICA Announces First Quarter 2016 Unaudited Results
Globe Newswire - Thu May 26, 5:34PM CDT
- Total revenues decreased 36% in the first quarter, compared to 1Q15
ICA: 0.57 (unch)
ICA publishes Its Annual Report and Files Form 20-F for 2015
Globe Newswire - Tue May 17, 5:30PM CDT
MEXICO CITY, May 17, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced today that it filed its Annual Report for the fiscal year ended December 31, 2015 on Form 20-F with the U.S. Securities and Exchange Commission (SEC) and with the National Banking and Securities Commission (CNBV) and the Mexican Stock Exchange (BMV).
ICA: 0.57 (unch)
Construction Earnings to Watch this Week: EXP, DY, ICA, WMS
Zacks Equity Research - Zacks Investment Research - Mon May 16, 8:49AM CDT
Eagle Materials Inc. (EXP), Dycom Industries Inc. (DY), Empresas ICA, S.A.B. de C.V. (ICA) and Advanced Drainage Systems, Inc. (WMS) are set to report their quarterly results this week.
DHI: 33.86 (+0.04), MLM: 196.53 (-0.17), LEN: 48.75 (-0.41), ICA: 0.57 (unch), VMC: 123.98 (+0.37), PHM: 20.41 (-0.07), EXP: 79.87 (+0.21), WMS: 28.15 (+0.29), KBH: 16.13 (+0.02), DY: 95.73 (+0.75)
ICA's Annual Shareholders Meeting elects four new members of the Board of Directors and approves modification to 2015 results
GlobeNewswire - Mon May 02, 6:34AM CDT
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), announced today that its Annual General Shareholders' Meeting, held on April 29, 2016, elected four new directors, including one independent director, and elected the Chairs of the Board Committees. In addition, the Shareholders' Meeting approved the audited financial statements that reported a consolidated net loss of Ps. 19,764 million for 2015, an increase of Ps. 5,931 million as compared to the preliminary full-year results reported on March 30, 2016.
ICA: 0.57 (unch)
ICA to delay filing of its 2015 Annual Report and Unaudited First Quarter 2016 Earnings Report
GlobeNewswire - Thu Apr 28, 6:04AM CDT
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.
ICA: 0.57 (unch)
Empresas ICA, S.A.B. de C.V. Fourth Quarter and Full Year 2015 Unaudited Results
Globe Newswire - Wed Mar 30, 8:25AM CDT
MEXICO CITY, March 30, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), announced today its unaudited results for the fourth quarter and full year 2015, which have been prepared in accordance with International Financial Reporting Standards. During the fourth quarter, the Company suspended the sale of its social infrastructure projects. Accordingly, these projects are no longer classified as available for sale, and financial statements from prior periods have been restated for comparability. In addition, ICA is no longer consolidating San Martin, effective October 1, 2015, as a result of the reduction in ICA's shareholding to 31.2% from 51%.
ICA: 0.57 (unch)
ICA confirms payment of debt secured by OMA shares
GlobeNewswire - Fri Mar 18, 7:00AM CDT
Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, confirmed today the payment of a Ps. 600 million loan granted by Arrendadora Value, S.A., SOFOM ER by means of selling OMA B shares that had been pledged to secure the loan. To date, 6,814,578 OMA B shares have been sold in order to pay the loan.
ICA: 0.57 (unch)
ICA's Board of Directors Approves Additional Management Changes
Globe Newswire - Thu Mar 10, 6:00AM CST
MEXICO CITY, March 10, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced that its Board of Directors has accepted the resignation of Alfonso Gonzalez Migoya as Deputy CEO and as a member of the Board of Directors. The Board also ratified the executive management team led by Luis Zarate Rocha as Chief Executive Officer and Guadalupe Phillips Margain as Chief Restructuring Officer.
ICA: 0.57 (unch)
ICA clarifies expected timing of delisting from the New York Stock Exchange
Globe Newswire - Wed Jun 29, 6:00AM CDT
MEXICO CITY, June 29, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) and (NYSE:ICA) announced on June 27, 2016 its intention to voluntarily delist its American Depositary Shares ("ADSs"
, evidenced by American Depositary Receipts ("ADRs", from the New York Stock Exchange ("NYSE". ICA: 0.57 (unch)
ICA Announces Clarifying Amendment to US$215 Million Secured Convertible Loan With Fintech
Globe Newswire - Tue Jun 28, 6:39AM CDT
MEXICO CITY, June 28, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced today that it entered into an amendment agreement to clarify the terms of the secured convertible loan agreement (the "Loan"
previously entered into through its subsidiaries Controladora de Operaciones de Infraestructura, S.A. de C.V. ("CONOISA" and ICA Promocion e Infraestructura, S.A.P.I. de C.V. ("ICAPI", and together with CONOISA the "Borrowers", with Fintech Europe S.A.RL. ("Fintech", as lender, and ICA acting as guarantor. The amendment is intended to clarify the original intention of the parties that the loan also may be convertible into certificados de participacion ordinaria ("CPOs" or shares representative of the capital stock of ICA, as the case may be, representing up to 40% of the then fully-diluted capital stock of ICA, provided that the conversion option would be effective upon the receipt of certain regulatory and corporate approvals. Although the loan might also be convertible into direct shares of certain of ICA's operational subsidiaries, as previously disclosed, ICA considers that providing Fintech with a conversion option at the holding company level allows ICA to avoid the dilution of its interest in certain of its operational subsidiaries if Fintech chooses to exercise its option, prior to June 16, 2019, to convert the Loan at the holding company level or by delivering shares of ICA's subsidiaries received as payment to ICA against delivery of CPOs or shares representative of the capital stock of ICA, as the case may be. ICA: 0.57 (unch)
Correction: ICA Announces Delisting from the New York Stock Exchange
Globe Newswire - Tue Jun 28, 6:38AM CDT
- ICA shares will continue to trade on the Mexican Stock Exchange
ICA: 0.57 (unch)
ICA Announces Delisting from the New York Stock Exchange and Termination of its ADR Program
GlobeNewswire - Mon Jun 27, 9:30PM CDT
-- ICA shares will continue to trade on the Mexican Stock Exchange
ICA: 0.57 (unch)
Summary of ICA Business Plan
Globe Newswire - Fri Jun 17, 9:47AM CDT
MEXICO CITY, June 17, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) made a preliminary summary of its business plan, attached to this press release, publicly available to creditors and investors. This preliminary business plan does not take into account the signing of the US$215 million secured convertible loan announced today, and as a result should not be relied upon by any party in performing a valuation of ICA's assets. In particular, these projections do not account for the dilution of ICA's interest in certain concession and construction subsidiaries and entities that would result from the exercise of the conversion feature or the payment-in-kind option under the convertible loan.
ICA: 0.57 (unch)
ICA Announces the Signing of a US$215 Million Secured Convertible Loan with Fintech
Globe Newswire - Fri Jun 17, 8:30AM CDT
MEXICO CITY, June 17, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced today that it signed a secured convertible loan agreement for a total principal amount of US$215 million and a three-year term of maturity, through its subsidiaries Controladora de Operaciones de Infraestructura, S.A. de C.V. ("CONOISA"
and ICA Promocion e Infraestructura, S.A.P.I. ("ICAPI", and together with CONOISA, the "Borrowers", with Fintech Europe S.A.RL. ("Fintech", as lender, and ICA acting as guarantor. The loan may be disbursed in two tranches of US$54 million and US$161 million subject to the satisfaction of certain conditions precedent. The net proceeds of the loan to ICA (after deducting fees and commissions) are expected to be approximately US$50.2 million and US$149.7 million, respectively, for each tranche. ICA: 0.57 (unch)
Empresas ICA Announces First Quarter 2016 Unaudited Results
Globe Newswire - Thu May 26, 5:34PM CDT
- Total revenues decreased 36% in the first quarter, compared to 1Q15
ICA: 0.57 (unch)
ICA publishes Its Annual Report and Files Form 20-F for 2015
Globe Newswire - Tue May 17, 5:30PM CDT
MEXICO CITY, May 17, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA) announced today that it filed its Annual Report for the fiscal year ended December 31, 2015 on Form 20-F with the U.S. Securities and Exchange Commission (SEC) and with the National Banking and Securities Commission (CNBV) and the Mexican Stock Exchange (BMV).
ICA: 0.57 (unch)
Construction Earnings to Watch this Week: EXP, DY, ICA, WMS
Zacks Equity Research - Zacks Investment Research - Mon May 16, 8:49AM CDT
Eagle Materials Inc. (EXP), Dycom Industries Inc. (DY), Empresas ICA, S.A.B. de C.V. (ICA) and Advanced Drainage Systems, Inc. (WMS) are set to report their quarterly results this week.
DHI: 33.86 (+0.04), MLM: 196.53 (-0.17), LEN: 48.75 (-0.41), ICA: 0.57 (unch), VMC: 123.98 (+0.37), PHM: 20.41 (-0.07), EXP: 79.87 (+0.21), WMS: 28.15 (+0.29), KBH: 16.13 (+0.02), DY: 95.73 (+0.75)
ICA's Annual Shareholders Meeting elects four new members of the Board of Directors and approves modification to 2015 results
GlobeNewswire - Mon May 02, 6:34AM CDT
Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), announced today that its Annual General Shareholders' Meeting, held on April 29, 2016, elected four new directors, including one independent director, and elected the Chairs of the Board Committees. In addition, the Shareholders' Meeting approved the audited financial statements that reported a consolidated net loss of Ps. 19,764 million for 2015, an increase of Ps. 5,931 million as compared to the preliminary full-year results reported on March 30, 2016.
ICA: 0.57 (unch)
ICA to delay filing of its 2015 Annual Report and Unaudited First Quarter 2016 Earnings Report
GlobeNewswire - Thu Apr 28, 6:04AM CDT
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.
ICA: 0.57 (unch)
Empresas ICA, S.A.B. de C.V. Fourth Quarter and Full Year 2015 Unaudited Results
Globe Newswire - Wed Mar 30, 8:25AM CDT
MEXICO CITY, March 30, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.A.B. de C.V. (BMV:ICA) (NYSE:ICA), announced today its unaudited results for the fourth quarter and full year 2015, which have been prepared in accordance with International Financial Reporting Standards. During the fourth quarter, the Company suspended the sale of its social infrastructure projects. Accordingly, these projects are no longer classified as available for sale, and financial statements from prior periods have been restated for comparability. In addition, ICA is no longer consolidating San Martin, effective October 1, 2015, as a result of the reduction in ICA's shareholding to 31.2% from 51%.
ICA: 0.57 (unch)
ICA confirms payment of debt secured by OMA shares
GlobeNewswire - Fri Mar 18, 7:00AM CDT
Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, confirmed today the payment of a Ps. 600 million loan granted by Arrendadora Value, S.A., SOFOM ER by means of selling OMA B shares that had been pledged to secure the loan. To date, 6,814,578 OMA B shares have been sold in order to pay the loan.
ICA: 0.57 (unch)
ICA's Board of Directors Approves Additional Management Changes
Globe Newswire - Thu Mar 10, 6:00AM CST
MEXICO CITY, March 10, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) (NYSE:ICA), the largest infrastructure and construction company in Mexico, announced that its Board of Directors has accepted the resignation of Alfonso Gonzalez Migoya as Deputy CEO and as a member of the Board of Directors. The Board also ratified the executive management team led by Luis Zarate Rocha as Chief Executive Officer and Guadalupe Phillips Margain as Chief Restructuring Officer.
ICA: 0.57 (unch)
