Shareholders Approve all Resolutions on the Agenda of Ternium's Annual General Meeting and Extraordinary General Meeting

Rhea-AI Summary

Ternium (NYSE:TX) shareholders approved all resolutions at their annual and extraordinary general meetings on May 6, 2025. Key decisions include: Dividend Approval: A total annual dividend of $0.27 per share ($2.70 per ADS) was approved, with a net dividend of $0.18 per share ($1.80 per ADS) to be paid on May 14, 2025, to shareholders of record as of May 9, 2025. Board Changes: The eight-member board structure was maintained, with seven members re-elected and Ms. Alicia Lucía Móndolo appointed as a new member. Paolo Rocca was re-appointed as chairman, Daniel Agustín Novegil as vice-chairman, and Máximo Vedoya as CEO. Other Approvals: PricewaterhouseCoopers was re-appointed as independent auditors for fiscal year 2025, and the audit committee was confirmed with three independent directors. The extraordinary meeting renewed the validity period of Ternium's authorized share capital.

Positive

• Approved annual dividend of $0.27 per share ($2.70 per ADS)
• Maintained stable board structure with eight members
• Appointed three independent directors to the audit committee

Negative

• None.

Insights

Financial Analyst

Ternium shareholders approved a $0.27 annual dividend and maintained board stability, with remaining $0.18 per share payable May 14.

The press release outlines several key corporate developments from Ternium's annual general meeting. Most notably for investors, shareholders approved an annual dividend of $0.27 per share ($2.70 per ADS). This includes the $0.09 per share interim dividend paid in November 2024, with the remaining $0.18 per share ($1.80 per ADS) to be distributed on May 14, 2025, to shareholders of record as of May 9.

The company maintained its board structure at eight directors, with most being re-elected, indicating governance stability. Ms. Alicia Lucía Móndolo was appointed as a new board member, representing the only change to the board composition. The leadership team remains unchanged with Paolo Rocca continuing as chairman, Daniel Agustín Novegil as vice-chairman, and Máximo Vedoya as chief executive officer.

The audit committee composition was also confirmed, with all three members - Vincent Robert Gilles Decalf (chair), Gioia Ghezzi, and Lorenza Martinez Trigueros - qualifying as independent directors under the company's articles of association. This maintains Ternium's compliance with corporate governance standards.

Additionally, shareholders approved the renewal of the validity period of Ternium's authorized share capital, along with related authorizations and amendments to the company's articles of association. This provides the board with continued flexibility regarding capital structure, though the press release does not specify the terms or size of this authorization.

These approvals reflect standard corporate governance procedures and the continuation of Ternium's shareholder return policies through its dividend program.

LUXEMBOURG / ACCESS Newswire / May 6, 2025 / Ternium S.A. (NYSE:TX) announced that its annual general meeting of shareholders and its extraordinary general meeting of shareholders held on May 6, 2025 approved all resolutions on their agendas.

Among other resolutions adopted, the shareholders approved the consolidated financial statements and unconsolidated annual accounts for the year ended December 31, 2024, and the proposed annual dividend of $ 0.27 per share ($ 2.70 per ADS). The annual dividend includes the interim dividend of $ 0.09 per share ($ 0.90 per ADS) paid in November 2024. A net dividend of $ 0.18 per share ($ 1.80 per ADS) will be paid on May 14, 2025, to all shareholders of record as of May 9, 2025.

The annual general meeting resolved to maintain the number of directors at eight, approved the re-election of Messrs. Roberto Bonatti, Vincent Robert Gilles Decalf, Gianfelice Mario Rocca, Paolo Rocca, Daniel Agustin Novegil and Mmes. Gioia María Ghezzi and Lorenza Martínez Trigueros to the Board of Directors and approved to appoint Ms. Alicia Lucía Móndolo as new member of the Board of Directors. All board members will hold office until the meeting that will be convened to decide on the 2025 accounts. The meeting also re-appointed PricewaterhouseCoopers, Societé coopérative, Cabinet de révision agréé, as Ternium's independent auditors for the fiscal year ending December 31, 2025.

The board of directors subsequently re-appointed Mr. Paolo Rocca as its chairman, Mr. Daniel Agustín Novegil as vice-chairman and Mr. Máximo Vedoya as Ternium's chief executive officer. The board of directors also confirmed and re-appointed Mr. Vincent Robert Gilles Decalf, Ms. Gioia Ghezzi and Ms. Lorenza Martinez Trigueros as members of Ternium's audit committee, with Mr. Decalf to continue to chair the committee. All three members of the audit committee qualify as independent directors under the Company's articles of association.

The extraordinary general meeting of shareholders resolved to renew the validity period of Ternium's authorized share capital, granted related authorizations, waivers and exceptions, and approved the corresponding amendments to Ternium's articles of association to reflect such resolutions.

For a summary of the resolutions adopted at the meetings, please see the report on Form 6-K submitted to the U.S. Securities and Exchange Commission, available at www.sec.gov.

Forward Looking Statements

Some of the statements contained in this press release are "forward-looking statements". Forward-looking statements are based on management's current views and assumptions and involve known and unknown risks that could cause actual results, performance, or events to differ materially from those expressed or implied by those statements. These risks include but are not limited to risks arising from uncertainties as to gross domestic product, related market demand, global production capacity, tariffs, cyclicality in the industries that purchase steel products and other factors beyond Ternium's control.

About Ternium

Ternium is a leading steel producer in the Americas, providing advanced steel products to a wide range of manufacturing industries and the construction sector. We invest in low carbon emissions steelmaking technologies to support the energy transition and the mobility of the future. We also support the development of our communities, specially through educational programs in Latin America. More information about Ternium is available at www.ternium.com.

Contact:

Sebastián Martí
Ternium - Investor Relations
+1 (866) 890 0443
+54 (11) 4018 8389
www.ternium.com

SOURCE: Ternium S.A.

View the original press release on ACCESS Newswire

FAQ

What is Ternium's (TX) dividend payment for 2025?

Ternium approved a total annual dividend of $0.27 per share ($2.70 per ADS), with a net dividend of $0.18 per share ($1.80 per ADS) to be paid on May 14, 2025.

When is Ternium's (TX) next dividend payment date?

Ternium will pay a net dividend of $0.18 per share on May 14, 2025, to shareholders of record as of May 9, 2025.

Who are the key leaders in Ternium's (TX) board?

Paolo Rocca serves as chairman, Daniel Agustín Novegil as vice-chairman, and Máximo Vedoya as CEO.

What changes were made to Ternium's (TX) board of directors?

The board maintained eight members, with seven members re-elected and Ms. Alicia Lucía Móndolo appointed as a new member.