Medellin, Colombia, March 3, 2016
The table below summarizes the profit distribution proposal that the Board of Directors of Bancolombia S.A. will submit to the General Shareholders' Meeting, to be held on March 16, 2016.
Gross income 2015 2,700,499,959,862.70
Provisions for income tax 237,722,012,109.11
Equity method for the year 2015 1,111,739,346,693.97
Plus retained earnings recorded in the opening balance sheet and carried over from fiscal years
2014 and 2015 55,426,961,893.99
Plus release of 2014 fiscal year reserves-Decreto
2336 de 1995 377,470,533,066
Plus release of non-taxable legal reserves from
previous fiscal years 664,091,803,018.96
Plus release of provisions for the payment of
preferred shares dividends 57,701,443,512
Minus legal reserve for 2015 fiscal year - Decreto
2336 de 1995 421,730,330,357.39
Minus 2016 wealth tax 123,003,856,000.00
Minus retained earnings recorded in the opening balance sheet and carried over from 2014 and
2015 fiscal years 55,426,961,893.99
Minus provision for legal reserve for 2015 fiscal
year profits 2,163,089,745,753.19
Contacts
Jaime A. Velásquez Jose Humberto Acosta Alejandro Mejía Strategy and Finance VP Financial VP IR Manager
For the payment of a dividend in respect of 509,704,584 common shares and 452,122,416 preferred shares, subscribed and paid as of December 31, 2015, in the amount of COP
$888.12 per share, to be paid as follows: $222.03 per share and per quarter on April 1 2016, July 1, 2016, October 3, 2016 and January 2, 2017.854,217,795,240.00
Each ex-dividend period will be the period beginning 4 trading days before each payment date through such payment date, as follows:
Ex dividend date | Payment date |
March 28, 2016 | April 1, 2016 |
June 27, 2016 | July 1, 2016 |
September 27, 2016 | October 3, 2016 |
December 27, 2016 | January 2, 2017 |
Contacts Jaime A. Velásquez | Jose Humberto Acosta | Alejandro Mejía |
Strategy and Finance VP | Financial VP | IR Manager |
Bancolombia SA issued this content on 03 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 March 2016 08:52:33 UTC
Original Document: http://www.grupobancolombia.com/wps/wcm/connect/8c1379fd-0c50-4747-92fc-1f08794dd1c1/Bancolombia+announces+PDP+March+3+2016.pdf?MOD=AJPERES