Certain Single Series Class II Common Stock of Orbia Advance Corporation, S.A.B. de C.V. are subject to a Lock-Up Agreement Ending on 7-JAN-2013.
January 06, 2013
Share
Certain Single Series Class II Common Stock of Orbia Advance Corporation, S.A.B. de C.V. are subject to a Lock-Up Agreement Ending on 7-JAN-2013. These Single Series Class II Common Stock will be under lockup for 90 days starting from 9-OCT-2012 to 7-JAN-2013.
Details:
The directors, executive officers and principal shareholders have agreed that they will not sell or dispose off any shares for a period of 90 days from September 21, 2012.
Orbia Advance Corporation SAB de CV, formerly Mexichem SAB de CV, is a Mexico-based company engaged in the industrial sector. The Companyâs activities are divided into five business groups: Precision Agriculture, Building & Infrastructure, Fluor, Data Communication and Polymer Solutions. The Precision Agriculture business includes Netafim brand, which develops irrigation systems and related services, as well as offers technology for farming digitalization. The Building & Infrastructure business offers pipes for multiple building applications through Wavin brand. The Fluor business operates Koura brand, which manufactures fluorine-based materials used in such industries as healthcare, construction and transportation. The Data Communication business is responsible for production and installation of communication and power cables through Dura-Line brand. The Polymer Solutions business includes vestolit and alphagary brand names, which provides plastic resins and other compounds.