Bancolombia : March 17, 2014 Bancolombia S.A. announces the approved distribution of profits Download
March 19, 2014 at 12:31 pm
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BANCOLOMBIA S.A. ANNOUNCES THE APPROVED DISTRIBUTION OF PROFITS
Medellin, Colombia, March 17, 2014
At the annual General Shareholders' Meeting held today, the shareholders of Bancolombia S.A. ("Bancolombia") approved the proposed distribution of profits and declared a dividend equal to seven hundred and seventy-six Colombian pesos (COP$776) per share issued and outstanding, payable in quarterly installments of one hundred and ninety-four Colombian pesos (COP $194) on the first business day of each quarter (April 1, July 1, and October 1, 2014 and January 2, 2015).
This proposal took into account the 110 million non-voting preferred shares recently issued.
In addition, the General Shareholders' Meeting increased Bancolombia's legal reserve by COP
913,837,657,054.05, which will allow Bancolombia to enhance its capital structure in accordance with new regulatory requirements for credit institutions under Colombian law and respond to the
growth of its business operations.
The ex-dividend dates are set forth in the table below:
Ex-dividend date
Payment date
March 26, 2014
April 1, 2014
June 24, 2014
July 1, 2014
September 25, 2014
October 1, 2014
December 24, 2014
January 2,2015
Contacts
Jaime A. Velásquez Strategy and Finance VP Tel.: (574) 4042199
Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.