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Cemex S.A.B. de C.V. (NYSE:CX) stated on Friday that it is not aware of any internal factors or transactions by its management or shareholders that could explain unusual trading volumes in its CEMEX.CPO securities on the Mexican Stock Exchange observed that day. The announcement was made in response to a request from the Mexican Stock Exchange and the Mexican Banking and Securities Commission regarding the irregular trading activity.
According to the company’s statement, the movements in trading volumes on Friday corresponded to market conditions. Cemex confirmed that, as of the time of the report, it had no knowledge of any transactions by its board members, senior management, or shareholders that might be related to the trading fluctuations.
The company also indicated that, should any additional information relevant to the unusual trading activity become available, it will be disclosed no later than the next business day, as required by Mexican securities regulations.
The disclosure was made in line with Article 53 of the General Provisions Applicable to Securities Issuers and Other Market Participants in Mexico, as well as Article 106 of the Securities Market Law. The company’s statement was included in a press release and filed with the U.S. Securities and Exchange Commission.
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