MONTERREY, Mexico, May 15, 2018 (GLOBE NEWSWIRE) -- Deutsche Bank Mexico, S.A., Banking institution, Trust Division F/1616 or Fibra Inn (BMV: FINN13 ) (ADR OTC:DFBRY) (“Fibra Inn” or “the Company”), an internally-managed Mexican real estate investment trust specializing in the hotel industry serving the business traveler, announced the resolutions adopted at Ordinary Shareholders’ Meeting for CBFI holders (“Shareholders’ Meeting” or “Meeting”) that took place on May 11, 2018.
RESOLUTIONS OF THE ORDINARY SHAREHOLDERS’ MEETING
FIRST – Approval to establish a CBFI Offering program, as described in the first point of the Meeting Agenda and instructs the Fiduciary to carry out any action necessary and/or convenient to implement this point.
SECOND – Approval of the Maximum Authorized Amount for the CBFI Offering Program for up to 900,000,000 (nine hundred million) CBFIs, with the understanding that this amount, together with the CBFI Offering under this Program, may not exceed Ps. 10,000,000,000.00 (ten billion pesos).
THIRD – The Fiduciary is authorized and instructed to request the authorization for the establishment of the Program from the National Banking and Securities Commission, as well as the authorization of the layout for the (i) information supplements, (ii) public offering notification, (iii) notification of placement for informational purposes, (iv) securities and (v) documents with key investment information, as required, that would be used to carry out the offering and placement of CBFIs under the recurring issuer Program, in accordance with articles 13 Bis of the General Rules Applicable to Securities Issuers and other Stock Market Participants.
FOURTH – By virtue of the aforementioned, the Recurring Issuer Program authorized at the Shareholders’ Meeting on April 19, 2016 was terminated.
FIFTH – The Fiduciary is authorized and instructed to issue 900,000,000 (nine hundred million) CBFIs; with the understanding that these CBFIs will be retained in Trust’s Treasury and may be used: (i) to be publicly offered in Mexico under the Program; (ii) to be offered privately in the United States of America under rule 144A of the Securities Act of 1933 and in other countries pursuant to Regulation S of the Securities Act of 1933 and the applicable provisions of the other countries in which the offering would take place; or (iii) to be delivered as payment for the acquisition and/or contribution to the Trust’s equity of real estate or lease rights that meet the eligibility criteria.
SIXTH – The Fiduciary is authorized and instructed to carry out all proceedings or actions before any government authority or person, domestic or foreign (including the National Banking and Securities Commission, the Mexican Stock Exchange, S.A.B. de C.V. and S.D. Indeval Institucion para el Deposito de Valores, S.A. de C.V.) that are necessary for (i) the establishment of the Program, including the preventive registration of CBFIs in the National Securities Registry under the modality of placement program; ii) the updating of the registration of the CBFIs at the National Securities Registry of the National Banking and Securities Commission for the issuance of 900,000,000 (nine hundred million) CBFIs; (iii) the listing of the CBFIs on the Mexican Stock Exchange, S.A.B. de C.V.; and (iv) the deposit or exchange of the securities under the CBFIs with S.D. Indeval Institución para el Depósito de Valores, S.A. de C.V. FOR THE FULL VERSION OF THIS PRESS RELEASE PLEASE VISIT: https://www.fibrainn.mx/site/en/press-releases/
About the Company Fibra Inn is a Mexican trust formed primarily to acquire, develop and rent a broad range of hotel properties in Mexico aimed at the business traveler. The Company has signed franchise, license and brand usage agreements with international hotel brands for the operation of global brands as well as the operation of national brands. Additionally, the Company has development agreements. These hotels enjoy some of the industry’s top loyalty programs. Fibra Inn trades its Real Estate Certificates (Certificados Bursátiles Fiduciarios Inmobiliarios or “CBFIs”) on the Mexican Stock Exchange under the ticker symbol “FINN13”; its ADRs trade on the OTC market in the U.S. under the ticker symbol “DFBRY”.
| In México: Lizette Chang, IRO Fibra Inn Tel. 52-1-81-1778-5926 lchang@fibrainn.mx | In New York: Maria Barona / Melanie Carpenter i-advize Corporate Communications Tel. (212)406-3691 mbarona@i-advize.com |
