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"América Móvil announces a proposal for a dividend payment”
MEXICO CITY (MEXICO), November 10, 2009 -- América Móvil, S.A.B. de C.V. (“América Móvil”) (BMV: AMX; NYSE: AMX; NASDAQ: AMOV; LATIBEX: XAMXL) announced today that its Board of Directors has resolved to submit to the shareholders a proposal for a cash dividend payment of $0.50 (Fifty peso cents) per share, payable in a single installment on December 10, 2009, to each of the series “AA”, “A” and “L” shares which represent the capital stock of América Móvil. The total amount of the dividend is subject to adjustments arising from other corporate events (including repurchase of its own shares) that may vary the number of shares outstanding as of the date of such dividend payment. The shareholders’ meeting will take place on December 1, 2009.
About América Móvil
América Móvil is the leading provider of wireless services in Latin America. As of September 30, 2009, it had 194.3 million wireless subscribers and 3.8 million landlines in the Americas.
Legal Disclaimer
This press release contains certain forward-looking statements that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,” “intend,” “target,” “estimate,” “project,” “predict,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
AMÉRICA MÓVIL, S.A.B. DE C.V.
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Carlos García Moreno
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Name: Title: |
Carlos García Moreno
Chief Financial Officer
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