Key Developments: Acerinox SA (ACX.MC)

ACX.MC on Madrid SE C.A.T.S.

23 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Acerinox SA’s Board Authorizes New Subsidiary In United Arab Emirates
Wednesday, 5 Jun 2013 03:05pm EDT 

Acerinox SA announced that the Board of Directors, at its meeting held on June 5, 2013, authorized a new company in the United Arab Emirates with the headquarters in Dubai to boost the Company’s sales in the Middle East. As a result, Acerinox SA has companies present in 36 countries in five continents, through which the sales are managed in 85 countries.  Full Article

Acerinox SA Signs EUR 370 Million Factoring Contract-Reuters
Monday, 29 Apr 2013 01:48pm EDT 

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
Tuesday, 23 Apr 2013 01:07pm EDT 

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
Tuesday, 5 Feb 2013 10:31am EST 

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
Wednesday, 19 Dec 2012 02:51am EST 

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
Thursday, 13 Sep 2012 12:23pm EDT 

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

Better Spanish demand boosts Acerinox first-half profit

MADRID, July 21 - Spanish stainless steel producer Acerinox said on Monday net profit in the first six months of the year jumped almost fivefold to 76.1 million euros ($103 million) as improving demand helped offset a rise in nickel prices.

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