UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 or 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2020
Commission File Number: 001-14946
CEMEX, S.A.B. de C.V.
(Translation of Registrants name into English)
Avenida Ricardo Margáin Zozaya #325, Colonia Valle del Campestre
San Pedro Garza García, Nuevo León, 66265 México
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Contents
CEMEX, S.A.B. de C.V. (CEMEX) (NYSE: CX) announced today that it has commenced again its stock repurchase program (the Program), which was approved at the annual general ordinary shareholders meeting held on March 28, 2019 (the Meeting). The Program approved by the Meeting allows CEMEX to repurchase up to U.S.$500 million (or its equivalent in Mexican pesos) of CEMEXs shares (or securities representing such shares) until CEMEXs general ordinary shareholders meeting to be held in 2020.
On March 10, 2020, CEMEX repurchased 42,870,828 CEMEX CPOs, at a weighted-average price of MXN5.587400 per CPO. The total amount of these CPO repurchases, excluding fees and value-added tax, was approximately MXN239.54 million (approximately U.S.$11.4 million based on an exchange rate of MXN21.0267 to U.S.$1.00 determined by Banco de México). CEMEX engaged Citibanamex Casa de Bolsa, S.A. de C.V., Casa de Bolsa, integrante del Grupo Financiero Citibanamex to execute these CPO repurchases.
As required under the laws of Mexico, any future repurchases of CEMEX CPOs by CEMEX under the Program will be announced no later than the end of the business day following the date on which such repurchases are made. CEMEX expects to execute a portion of the approved size of the Program in compliance with its debt agreements and instruments.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, CEMEX, S.A.B. de C.V. has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 10, 2020
CEMEX, S.A.B. de C.V. | ||
(Registrant) | ||
By: | /s/ Rafael Garza | |
Name: Rafael Garza | ||
Title: Chief Comptroller |