Du är här

2016-02-09

Empresas ICA, S.A.B. de C.V.: ICA Announces Receipt of Notice of Non-Compliance From New York Stock Exchange

MEXICO CITY, Feb. 08, 2016 (GLOBE NEWSWIRE) --Empresas ICA, S.AB. de C.V.
(BMV:ICA) (NYSE:ICA),
the largest infrastructure and construction company in Mexico, announced today
that on January 8, 2016 it received notice from the New York Stock Exchange
(NYSE) that ICA is no longer in compliance with the NYSE's continued listing
standards because the average closing price of ICA's American Depositary
Shares, or ADSs, over a consecutive 30 trading-day period was less than
US$1.00 per share.

Under NYSE rules, ICA has six months following receipt of the notice to comply
with the minimum share price requirement.

ICA has notified the NYSE of its intention to cure this deficiency within the
prescribed timeframe. During the six-month cure period, the Company's ADSs
will continue to be listed and trade on the NYSE. The Company's business
operations are not affected by the receipt of this NYSE notice.

This press release contains projections or other forward-looking statements
related to ICA that reflect ICA's current expectations or beliefs concerning
future events. Such forward-looking statements are subject to various risks
and uncertainties and may differ materially from actual results or events due
to important factors such as changes in general economic, business or
political or other conditions in Mexico, Latin America or elsewhere, changes
in capital markets in general that may affect policies or attitudes towards
lending to Mexico or Mexican companies, changes in tax and other laws
affecting ICA's businesses, increased costs, unanticipated increases in
financing and other costs or the inability to obtain additional debt or
equity financing on attractive terms and other factors set forth in ICA's
most recent filing on Form 20-F and in any filing or submission ICA has made
with the SEC subsequent to its most recent filing on Form 20-F. All
forward-looking statements are based on information available to ICA on the
date hereof, and ICA assumes no obligation to update such statements.

Empresas ICA, S.A.B. de C.V. is Mexico's largest infrastructure company. ICA
carries out large-scale civil and industrial construction projects and
operates a portfolio of long-term assets, including airports, toll roads,
water systems, and real estate. Founded in 1947, lCA is listed on the Mexican
and New York Stock exchanges. For more information, visit
ir.ica.mx.

For more information, please contact:

Gabriela Orozco
gabriela.orozco@ica.mx

relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3012

Pablo Garcia
Chief Financial Officer
pablo.garcia@ica.mx

In the US:
Daniel Wilson, Zemi Communications
+(1212) 689 9560
dbmwilson@zemi.com

---------------------------------------

This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Empresas ICA, S.A.B. de C.V. via Globenewswire

HUG#1984616

Författare WKR

Tala om vad ni tycker

Tala om vad ni tycker

Ni är just nu inne på en betaversion av nya aktiespararna. Lämna gärna feedback på vad ni tycker i formuläret nedan.