Bancolombia : announces the approved distribution of profits
March 27, 2015 at 12:57 am
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RESOLUTIONS FROM THE SUPERINTENDENCY OF FINANCE
BANCOLOMBIA S.A. ANNOUNCES THE APPROVED DISTRIBUTION OF PROFITS
Medellin, Colombia, March 20, 2015
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 COP $830 per share to be paid as follows: COP $207.5 per share and per quarter, on the first business day of each quarter (April 1st, July 1st, October 1st of 2015 and January 4th of 2016).
The approved position considers a legal reserve of COP $ 308,441´872,509.41, which will allow Bancolombia to enhance its capital structure in accordance with regulatory requirements for credit institutions under Colombian law and respond to the growth of its business operations, as well as reserve of $135,473´027,989.74, for the payment of the tax of wealth according to what's established under Colombian law, article 10 law 1739 of 2014.
Additionally, the General Shareholders' Meeting approved a substitution of the legal reserves of
prior years - taxable instead of nontaxable- by up to COP $260,000´000,000.00.
The ex-dividend dates are set forth in the table below:
Ex-dividend date
Payment date
March 26, 2015
April 1, 2015
June 24, 2015
July 1, 2015
September 25, 2015
October 1, 2015
December 24, 2015
January 4,2016
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.