CEMEX Announces New Conversion Rate for Convertible Notes Due 2020


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CEMEX, S.A.B. de C.V. ("CEMEX") (NYSE:CX) announced today that, as a result of the payment of the second, and final, installment of the cash dividend approved at CEMEX's General Ordinary Shareholders' Meeting held on March 28, 2019, the conversion rate of both series of CEMEX's subordinated optional convertible notes due 2020 (the "2020 Convertible Notes") will be adjusted accordingly. The new conversion rate for the 2020 Convertible Notes will be 93.2334 ADSs per U.S.$1,000 principal amount of 2020 Convertible Notes, equivalent to a conversion price of approximately U.S.$10.7258 per ADS.

This press release contains forward-looking statements and information that are necessarily subject to risks, uncertainties, and assumptions. CEMEX assumes no obligation to update or correct the information contained in this press release.


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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.


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Posted In: Press Releases