David Martinez Guzman exerts Stock Option Agreement in exchange of Vitro’s Manufacturing Plant land rights

Date: 2 September 2015
Source: www.vitro.com

Date: 2 September 2015

Vitro, S.A.B. de C.V. (BMV: VITROA), hereinafter “Vitro” or the “Company”, the leading glass producer in Mexico, reports that, given the closing conditions of the Food and Beverage Glass Container division sale transaction, Mr.

David Martinez Guzman acquired 93'099,849 representative shares of the capital stock of Vitro , with which he obtains significant influence on the Company. The shares were acquired through the exercise of a purchase option granted to Mr. David Martinez Guzman under an option agreement signed on December 15, 2009. In consideration for the exercise of this option, Mr. David Martinez Guzman granted Vitro and the Trust No. 428-09 the rights over certain land in which five Vitro manufacturing plants are located, which are part of the assets included in the sale of the Food and Beverage Glass Container division.

600450 David Martinez Guzman exerts Stock Option Agreement in exchange of Vitro’s Manufacturing Plant land rights glassonweb.com

See more news about:

Others also read

The mobile home of all Vitro’s digital tools for architects, building owners, fabricators, glaziers and even end users.
Vitro Architectural Glass has updated its online Glass Education Center website with over 10 refined educational videos and a new piece on Understanding Glass Distortion and Anisotropy.
POLFLAM is excited to announce its participation in FeuerTrutz 2024, a premier event where innovation meets fire protection.
A pair of gleaming glass-clad towers, Amazon’s second headquarters are not only reshaping the Arlington skyline, but also generously contributing to the neighborhood with its open-to-the-public ground-floor lobbies and adjacent Metropolitan Park renovation and expansion.
As digitalisation and automation progress, the integration of Artificial Intelligence (AI) is an important step for the flat glass industry to optimise processes, reduce energy consumption and CO2 emissions and increase international competitiveness.
Vitro Architectural Glass announced the closure of its local plant located at 4004 Fairview Industrial Drive S.E. The closure, effective June 28, 2024, will result in the layoff of 37 employees.

Add new comment

From industry

NEWS RELATED PRODUCTS

Vitro Architectural Glass
Vitro Architectural Glass
Vitro Architectural Glass
Vitro Architectural Glass