Cementos Molins’ General Meeting of Shareholders approves all the proposals of the Board of Directors with a large majority

The board of directors is established at 12 members and incorporates Carles Rivera Molins and Sebastià Alegre Rosselló as proprietary directors.

The board of directors is established at 12 members and incorporates Carles Rivera Molins and Sebastià Alegre Rosselló as proprietary directors.

Distribution of a final dividend of 0.28 euros approved, as a result of a 2021 financial year with good results despite the effect of the pandemic and the strong inflation of energy and raw material costs.

30 June 2022. The Ordinary General Shareholders’ Meeting of Cementos Molins, held yesterday in Madrid in a mixed format, with the possibility of both face-to-face and telematic participation, approved all the proposals of the Board of Directors with a large majority.

Among the issues approved, the reduction in the number of directors from 13 to 12 members stands out. This decision is part of the firm desire to comply with the recommendations of the CNMV’s code of good governance for listed companies, as well as with the trend and best practices in corporate governance.

The re-elections of Joaquín María Molins López-Rodó as proprietary director, and Rafael Villaseca Marco and Socorro Fernández Larrea as independent directors were also ratified. The appointments of Joaquín María Molins Gil, until now representing Cartera de Inversiones CM, Carles Rivera Molins, and Sebastià Alegre Rosselló as proprietary directors were also approved.

The General Shareholders’ Meeting is deeply grateful for the commitment shown and the great work carried out by the outgoing directors, Ana María Molins Lopez-Rodo, Miguel del Campo Rodriguez, and Roser Ràfols Vives. “It has been an honour to count all these years on their valuable contributions, which have made a very significant contribution to the growth and development of our company”, explained Juan Molins, Chairman of Cementos Molins. He also welcomed the new directors Carles Rivera Molins and Sebastià Alegre Rosselló to the board of directors, “whose knowledge and experience will help us to continue working on the long-term strategic development of the company”, he added.

Improving shareholder remuneration

Another of the items approved at the AGM was the payment of a final dividend for 2021 of EUR 0.28 per share, bringing the total amount distributed in 2021 to EUR 0.56 per share, representing a pay-out of 35%. This final dividend, which aims to improve shareholder remuneration, will be paid on 18 July.

The General Shareholders’ Meeting also approved the annual accounts for the 2021 financial year, giving a very positive assessment of the results achieved in a context of the Covid-19 pandemic and high inflation in energy, raw materials and logistics costs. Cementos Molins’ revenues amounted to 968 million euros, representing an increase of 25%, and net profit reached 105 million euros, 12% more than the previous year.

About Cementos Molins. At Cementos Molins we have been creating products and developing innovative and sustainable solutions for the construction sector for more than 90 years, contributing to the development of society, the quality of life of people and the protection of the environment. We currently operate in Spain, Mexico, Argentina, Uruguay, Bolivia, Colombia, Germany, Croatia, Turkey, Tunisia, Bangladesh and India. Our integrated model includes the businesses of aggregates, cement, concrete, mortars, prefabricated products, urban landscaping and architectural façades, as well as waste recovery. Our long history has been made possible by our team of more than 6,300 employees in twelve countries and on four continents, working every day with passion, respect and integrity.