Key Developments: Acerinox SA (ACX.MC)
8.08EUR
5:23am EDT
€-0.01 (-0.09%)
€8.09
€8.07
€8.14
€8.06
182,505
726,939
€9.88
€7.47
Latest Key Developments (Source: Significant Developments)
Acerinox SA Signs EUR 370 Million Factoring Contract-Reuters
Reuters reported that Acerinox SA had signed a syndicated factoring contract, or bank loan against its accounts receivable, worth EUR 370 million (USD 484.7 million) as part of an effort to reduce working capital and keep debt under control. The Company announced that the 18-month contract would keep a lid on its net debt, which stood at EUR 789 million in the first quarter, compared to EUR 1 billion in the same period the year before. Full Article
Acerinox SA To Propose Script Dividend
Acerinox SA announced that on April 23, 2013 its Board of Directors agreed to submit to the shareholders for approval a share capital increase in order to implement a script dividend system the will allow the shareholders to decide between receiving newly issued bonus shares or a dividend in cash. The maximum amount of the increase will be EUR 112,187,045.70, equivalent to EUR 0.45 per share. Full Article
Acerinox SA Receives Rebars Supply Order For USD 15 Million
Acerinox SA announced that it has received an order totaling USD 15 million to supply rebars for a construction of the new bridge between Hong Kong and Macao. Further details were not disclosed. Full Article
Acerinox SA Agrees On Substitution Of Interim And Complementary Dividends For Single Dividend Payment
Acerinox SA announced that its Board of Directors has agreed to substitute interim dividends of January and April, as well as complementary dividends for a single dividend payment The proposal will be submitted to shareholders for approval. Full Article
Acerinox SA Announces Bonus Shares Payment
Acerinox SA announced that on October 5, 2012 shareholders will be paid bonus shares in the amount of EUR 0.10 per share for 249,304,546 shares in circulation, what was approved at the Company's General Meeting on June 7, 2012. Full Article
Acerinox SA’s Subsidiary Announces Temporary Staff Reduction At Ponferrada Plant
Acerinox SA announced that on June 22, 2012 its subsidiary, Roldan SA, presented a temporary workforce reduction program for its factory in Ponferrada (Leon), which should last for eight months, in order to adjust production to demand. The program may affect up to 86% of the workforce for a maximum period of 15 days per month. Full Article
Acerinox SA Announces Further Details On FY 2011 Complementary Dividend Payment
Acerinox SA announced that in the Annual General Meeting of Shareholders held on June 7, 2012, it has been agreed that a complementary dividend payment for fiscal year 2011 in the amount of EUR 0.15 gross per share, will be paid on July 5, 2012. The said amount will be paid by Banco Espanol de Credito SA. Full Article
Acerinox SA Plans FY 2011 Complementary Dividend Payment
Acerinox SA announced that it is planning a complementary dividend payment for fiscal year 2011 at a gross value of EUR 0.15 per share, effective on July 5, 2012. Full Article
Acerinox SA Announces FY 2011 Second Interim Dividend Payment
Acerinox SA announced that it has decided to distribute its second interim dividend payment for fiscal year 2011 at a gross value of EUR 0.10 per share (total net value of EUR 0.079 per share), to be paid on April 4, 2012. Full Article
Acerinox SA Signs Loan Agreement In the United States of America
Acerinox SA (Acerinox) announced that it has signed a syndicated loan agreement for up to USD 482 million with BB&T Capital Markets, JP Morgan Chase Bank NA, Wells Fargo Bank NA and Fifth Third Bank, among others. The agreement has been subscribed by Acerinox and its wholly owned subsidiary North American Stainless Inc (NAS) distributing the total amount in 80% for Acerinox and 20% for NAS. The credit is due to expire on February 2017. Full Article
UPDATE 1-Spain's Acerinox sees loss, delays dividend
MADRID, Dec 19 - Spanish stainless steel maker Acerinox predicted a full-year loss and said it was cutting costs and delaying dividends as its battles a faltering global economy.
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
