Cementos Pacasmayo Saa 6-K, filed Apr 29, 2021
Cementos Pacasmayo Saa (CPAC)
About this 6-K
Cementos Pacasmayo Saa filed this 6-K on April 29, 2021.
UNITEDSTATESSECURITIES AND EXCHANGE COMMISSIONWashington, D.C. 20549
FORM6-K
REPORTOF FOREIGN ISSUERPURSUANT TO RULE 13a-16 OR 15b-16 OFTHE SECURITIES EXCHANGE ACT OF 1934
Forthe month of April 2021
CommissionFile Number 001-35401
CEMENTOS PACASMAYO S.A.A.
(Exact name of registrant as specified in its charter)
PACASMAYOCEMENT CORPORATION
(Translation of registrant’s name into English)
Republicof Peru
(Jurisdiction of incorporation or organization)
CalleLa Colonia 150, Urbanización El Vivero
Surco, Lima
Peru
**(**Address of principal executive office)
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 ☒ 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): ☐
CEMENTOSPACASMAYO S.A.A.
The following exhibit is attached:
| EXHIBIT NO. | **** | DESCRIPTION |
|---|---|---|
| 99.1 | Distribution and Application of Profits |
1
Signatures
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.
| CEMENTOS PACASMAYO S.A.A. | |
|---|---|
| By: | /s/ CARLOS JOSE MOLINELLI MATEO |
| Name: | Carlos Jose Molinelli Mateo |
| Title: | Stock Market Representative |
| Date: | April 29, 2021 |
2
Exhibit 99.1
The dividend of S / 0.79 per share has been calculated considering the full amount of common and investment shares (423,868,449 common shares and 40,278,894 investment shares), which represents a distribution amount of S/ 366,676,400.97.
To date, the Company has 36,040,497 investment shares (treasury shares) corresponding to a total dividend of S/ 28,471,992.63, which will remain in the Company's equity. As a consequence, the dividend that will be distributed without considering said treasury shares is S/ 338,204,408.34.
Detail of the Utilities Application:
The board of directors unanimously agreed to a dividend of S/ 0.79 per common and investment share, which represents a total of S/ 366,676,400.97 on account of accumulated results as of Deember 31, 2019 according to the authorization of the Mandatory Annual Shareholders' Meeting held on March 23, 2021.
The dividends to be distributed correspond to the accumulated results as of December 31, 2014 and for the years 2015 to 2019, according to the following table:
| 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | Total | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend distribution | 405,335.37 | 8,301,399.76 | 104,556,328.90 | 84,403,814.58 | 69,028,965.11 | 99,980,557.25 | 366,676,400.97 | |||||||||||||
| Dividends corresponding to shares in treasury | 31,473.82 | 644,593.96 | 8,118,676.35 | 6,553,857.24 | 5,360,018.21 | 7,763,373.05 | 28,471,992.63 | |||||||||||||
| Net distribution | 373,861.55 | 7,656,805.80 | 96,437,652.55 | 77,849,957.34 | 63,668,946.90 | 92,217,184.20 | 338,204,408.34 | |||||||||||||
| Dividend tax rate | 4.10 | % | 6.80 | % | 6.80 | % | 5.00 | % | 5.00 | % | 5.00 | % |
Taking into account that 1 ADR is equivalent to 5 common shares, the cash dividend for each ADR is S/ 3.95. For the payment of the dividends of the ADRs, the Company will pay Cavali in national currency the amount of the dividend corresponding to the ADRs program, and said entity (CAVALI) will deposit said amount in favor of: JPMORGAN CHASE BANK N.A. HOLDERS OF ADRS on the same date established for the delivery of the dividend in the domestic market, being JP MORGAN CHASE BANK N.A. The entity in charge of making the payment in US dollars to each of the ADR holders under the conditions of currency, date, distribution factor, stipulations and other regulations that correspond. The definitive factor for the American market will be known on the agreed payment date, as it is subject to daily variations in the exchange rate.
Concept of Dividend distribution: 2014-2019
Retained earnings: CPACASC1 COMMON SHARES
Register date: 22/06/2021
Type of value: CPACASC1 COMMONS SHARES
Distribution date: 06/07/2021
Type: CPACASI1 INVESTMENT SHARES
Register date: 22/06/2021
Type: CPACASI1 INVESTMENT SHARES
Distribution date: 06/07/2021
Observations: The cut-off dates (18.06.2021) registration (22.06.2020), are the same for the common shares and investment shares listed on the Lima Stock Exchange and ADR listed on the New York Stock Exchange.