America Movil | March 15, 2011 | Press Release
Mexico City, Mexico, March 15, 2011 — Ame?rica Mo?vil, S.A.B. de C.V. (“AMX”)
(BMV: AMX; NYSE: AMX; Nasdaq: AMOV; LATIBEX: XAMXL) announced that in
today’s meeting, its Board of Directors decided to submit to the Ordinary and
Extraordinary General Shareholders’ Meetings to be held on or before April 30, 2011, a
proposal to:
(i) conduct a 2 for 1 forward stock split applicable to all shares that represent the
capital stock of AMX;
(ii) make a payment of a cash dividend from the consolidated net profit tax
account of MXP$0.36 (thirty six peso cents), payable in two installments, to
each of the series of shares “AA”, “A” and “L” that represent the capital stock
of AMX (which includes the preferred dividend correspondent to the series “L”
shares), which amount shall be proportionally adjusted as a result of the
resolutions to be taken with respect to the forward stock split aforesaid; and
(iii) increase in MXP$50,000,000,000.00 (fifty billion pesos) the outstanding
amount to repurchase shares in accordance with article 56 of the Securities
Market Law (Ley del Mercado de Valores).
About AMX
AMX is the leading provider of wireless services in Latin America. As of December 31,
2010, it had 225 million wireless subscribers and 51.5 million fixed revenue generating
units in the Americas.