CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
OPERADORA DE SITES MEXICANOS, S.A.B. DE C.V. AND SUBSIDIARIES
16. EQUITY
a) An analysis of the Company's share capital as at 31 December 2022 and 2021 is as follows:
Series
A
B
A-1
Share
capital
Minimum, fixed
Minimum, fixed
Minimum, variable
No.
of shares
3,300,000
3,300,000
2022
2021
Amount
No.
of shares
Ps.
50,000
35,124,997
Ps.
23,733
23,733
35,174,997
Amount
Ps.
50
9,950
Ps.
10,000
b) The Company's share capital is variable, with an authorized fixed minimum of Ps. 23,733, represented by 3,300,000 series "A-1" common registered shares, issued and
outstanding, with no par value. These shares are registered on the National Securities Registry under file number 3495-1-2022-1 and listed on the stock exchange under ticker
symbol SITES1.
c) As at 31 December 2022, the Company had treasury shares comprised of 62,483,000 Series A-1 shares for subsequent reissuance as set forth in the Mexican Securities Trading
Act.
d) In accordance with the Mexican Corporations Act, the Company is required to appropriate at least 5% of the net profit of each year to increase the legal reserve. This practice
must be continued each year until the legal reserve reaches 20% of the value of the Company's share capital. The legal reserve is included as part of Retained earnings. As at 31
December 2022 and 2021, the legal reserve is Ps. 3,359.
e) Earnings distributed in excess of the Net taxed profits account (CUFIN, by its acronym in Spanish) balance will be subject to the payment of corporate income tax at the statutory
rate at that time. The payment of this tax may be credited against the Company's current income tax.
f) As a result of the 2014 Mexican Tax Reform, dividends paid to individuals and foreign corporations from earnings generated as of 1 January 2014 shall be subject to an additional
10% withholding tax.
g) Through resolutions adopted at a regular shareholders' meeting held on 26 January 2022, the shareholders declared a cash dividend of Ps. 100,320. This dividend was paid out
from the CUFIN account on 27 January 2022.
h) Through resolutions adopted at a regular shareholders' meeting held on 18 February 2022, the shareholders declared a cash dividend of Ps. 100,320. This dividend was paid
out from the CUFIN account on 21 February 2022.
i) Through resolutions adopted at a regular shareholders' meeting held on 31 March 2022, the shareholders authorized a program for the purchase and issuance of shares
representing the Company's share capital, as provided for in Article 60 of the General Rules Applicable to Securities Issuers, in accordance with Article 56 of the Mexican
Securities Trading Act, for a total amount of Ps. 2,500,000.
j) Through resolutions adopted at a regular shareholders' meeting held on 29 April 2022, the shareholders declared a cash dividend of $0.48 per issued and outstanding share
representing the Company's share capital. The amount of the dividend to be paid will depend on the repurchase or reissue of the Company's own shares. This dividend was paid
out on 30 May 2022.
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