Masisa S.A. Announces Significant Event
SANTIAGO, Chile, April 30 /PRNewswire-FirstCall/ -- MASISA S.A.
Publicly-Traded Corporation
Registered Under No. 825 in the Securities Registry
SIGNIFICANT EVENT
Mr.
Superintendent
Chilean Securities and Insurance Superintendent's Office
Present
Ref.: IMPORTANT EVENT
Masisa S.A.
(Securities Registry No. 825)
To whom it may concern:
Pursuant to the provisions established in article 9 and paragraph two article 10 of Law No. 18,045 and in General Rule No. 30, and Bulletin No. 660 of the Chilean Securities and Insurance Superintendent's Office (Superintendencia de Valores y Seguros), being duly authorized, I hereby inform as an important event, the following:
1. Agreements approved in Masisa S.A. Annual Shareholder's Meeting held on April 30, 2008 ("the Meeting"):
a. The payment of a final minimum mandatory dividend with charge to the
distributable net income of the period ended on December 31, 2007. The
total amount of the dividend to be distributed is US$10,941,768. This
accounts for 30% of the net distributable income for the period ended
December 31, 2007. The total dividend per share will therefore be
US$0.0019305309.
The dividend will be paid on May 28, 2008. Those shareholders listed in
the Company Shareholders' Registry as of May 22, 2008, shall be
entitled to it. The dividend will be paid in Chilean pesos according to
the "observed dollar" exchange rate published in the Official Gazette
on May 22, 2008.
The advertisement notifying the shareholders of this agreement reached
by the Meeting about this dividend and its form of payment shall be
timely published in the La Segunda of Santiago newspaper.
b. Election as Directors of Masisa, for a three year period, of Mr.
Roberto Salas Guzman, Mr. Ronald Jean Degen, Mr. Carlos Marin Olalla,
Mr. Jorge Carey Tagle, Mr. Juan Carlos Mendez Gonzalez, Mr. Enrique
Seguel Morel and Mr. Antonio Tuset Jorratt.
2. Agreements approved in the Board of Directors meeting held on April 30, 2008 after the Annual Shareholder's Meeting:
a. Election as President of the Board of Directors and of the Company,
Director Mr. Roberto Salas Guzman and election as Vice President of
the Board of Directors and of the Company, Director Mr. Ronald Jean
Degen.
b. Composition of the new Directors Committee. The new Directors Committee
will be integrated by Mr. Antonio Tuset Jorratt, Mr. Enrique Seguel
Morel and Mr. Carlos Marin Olalla. The last two were elected with the
votes of the controlling shareholder.
Forecasts and Estimates
This significant event may contain forecasts, which are different statements from historical facts or current conditions, and include the management's current vision and estimates of future circumstances, industry conditions and the Company's performance. Some forecasts may be identified by the use of terms such as "may," "should," "anticipates," "believes," "estimates," "expects," "plans," "intends," "forecasts" and other similar expressions. Statements about future market share, projected future competitive strengths, the implementation of significant operating and financial strategies, the direction of future operations, and the factors or trends affecting financial conditions, liquidity, or operating income are examples of forecasts. Such statements reflect the current management vision and are subject to various risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. These statements are made based on many assumptions and factors, including general economic and market conditions, industry conditions and operating factors. Any changes in such assumptions or factors could lead to the current results of Masisa, and the projected Company activities, to materially differ from current expectations.
SIGNATURE
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.
Date: April 30, 2008
Masisa S.A.
By: /s/ Enrique Cibie
Enrique CibieCEO
First Call Analyst:
FCMN Contact: nicolas.donoso@masisa.com
Source: Masisa S.A.
CONTACT: Masisa S.A. Investor Relations, +56-2-350-6038,
investor.relations@masisa.com
Web site: http://www.masisa.com/
2008-04-30 19:50:22 0349817 PRNEWSWIRE