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ICA clarifies expected timing of delisting from the New York Stock Exchange

MEXICO CITY, June 29, 2016 (GLOBE NEWSWIRE) -- Empresas ICA, S.AB. de C.V. (BMV:ICA) and (NYSE:ICA) announced on June 27, 2016 its intention to voluntarily delist its American Depositary Shares (“ADSs”), evidenced by American Depositary Receipts (“ADRs”), from the New York Stock Exchange (“NYSE”). 

In connection with the voluntary delisting, ICA wishes to clarify that:

  • ICA expects to file on July 8, 2016 a Form 25 (Notification of Removal from Listing and/or Registration under Section 12(b) of the Securities Exchange Act of 1934) with the Securities and Exchange Commission (“SEC”) to voluntarily withdraw its ADSs from listing on the NYSE and expects the delisting to become effective ten days later.

ICA anticipates that the last day of trading of its ADSs on the NYSE will be on July 8, 2016.

This press release contains projections or other forward-looking statements related to ICA that reflect ICA’s current expectations or beliefs concerning future events. Forward-looking statements involve inherent risks and uncertainties. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include cancellations of significant construction projects included in backlog, material changes in the performance or terms of our concessions, additional costs incurred in projects under construction, failure to comply with covenants contained in our debt agreements, developments in legal proceedings, unanticipated increases in financing and other costs or the inability to obtain additional debt or equity financing on attractive terms, changes to our liquidity, economic and political conditions and government policies in Mexico or elsewhere, changes in capital markets in general that may affect policies or attitudes towards lending to Mexico or Mexican companies, changes in inflation rates, exchange rates, regulatory developments, customer demand, competition and tax and other laws affecting ICA’s businesses 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., 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, ICA is listed on the Mexican and New York Stock exchanges.  For more information, visit http://ir.ica.mx/.

For more information, contact

Christianne Ibánez   
christianne.ibanez@ica.mx

relacion.inversionistas@ica.mx
+(5255) 5272 9991 x 3607

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

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

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