BANCOLOMBIA : ANNOUNCES THE PROFIT DISTRIBUTION APPROVED BY THE GENERAL SHAREHOLDERS MEETING
March 18, 2016 at 04:38 am EDT
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BANCOLOMBIA S.A. ANNOUNCES THE PROFIT DISTRIBUTION APPROVED BY THE GENERAL SHAREHOLDERS MEETING
Medellin, Colombia, March 16, 2016
The General Shareholders Meeting held today approved the profit distribution proposal that the Board of Directors of Bancolombia had submitted and which reflects the recommendations made by the Superintendence of Finance.
In Colombian Pesos - COP
Gross income 2015
2,700,499,959,862.70
Provisions for income tax
237,722,012,109.11
Net Profit 2015 Fiscal Year
2,462,777,947,753.59
Equity method for the year 2015
1,111,739,346,693.97
Profit before equity method
1,351,038,601,059.62
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
377,470,533,066.03
Plus release of provisions for the payment of preferred shares dividends
57,701,443,512
Total To be Paid Out
2,953,376,886,225.61
Minus release of 2014 fiscal year reserves -
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 fiscal years
55,426,961,893.99
2014 and 2015
Contacts
Jaime A. Velásquez
Jose Humberto Acosta
Alejandro Mejía
Strategy and Finance VP
Financial VP
IR Manager
Minus legal reserve for 2015 fiscal year profits 1,498,997,942,734.23
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
TOTALS 2,953,376,886,225.61 2,953,376,886,225.61
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 16 March 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 18 March 2016 08:37:12 UTC
Original Document: http://www.grupobancolombia.com/wps/wcm/connect/f5f3f2ff-44c4-452e-bd82-0e9e775c1983/Bancolombia+announces+the+profit+distribution+approved.pdf?MOD=AJPERES
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.
BANCOLOMBIA S.A. 
