Interconexion Electrica S A : ISA's General Shareholder Meeting approved a 36% increase in dividends
April 11, 2017 at 04:40 pm EDT
Share
The ISA's Ordinary General Assembly of Shareholders, held today March 31 in Medellín, approved the payment of dividends for COP 392 per share, a 36% increase from last year, for the 1,107,677,894 outstanding shares.
This approval means a disbursement of COP 434,210 million which will be pay in an ordinary dividend of COP 248 per share and an extraordinary dividend for COP 144 per share, for a total of COP 392, which will be paid as follows:
Additionally, a tax reserve for COP 86,843 million was approved, pursuant to Article 130 from the Tax Bylaw, and an occasional reserve for equity strengthening for COP 1,620,407 million, to comply with investment commitments and contribute to financial soundness.
Regarding consolidated financial income, in 2016 the Company obtained a historic net income for COP 2,136,629 million; an EBITDA which amounted to COP 8,923,123, and operating revenues for COP 12,137,552, with the recognition of the value from Basic Network of the existing System (RBSE) in CTEEP, ISA's subsidiary in Brazil.
Board of Directors
The General Assembly also ratified the (9) Board of Directors members:
During the Assembly, the new graphic image was also presented and through it, 'we are transcending our businesses' borders to become part of the debates the society wants to be part of, we want to be part of the solution, in a world which needs more solid and profitable companies, committed to bigger causes and which leave a legacy. Therefore, we are evolving and being guided by the purpose of transforming our actions in CONNECTIONS WHICH INSPIRE', as said by, Bernardo Vargas Gibsone, ISA's CEO.
ISA - Interconnection Electric SA ESP published this content on 11 April 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 April 2017 20:40:17 UTC.
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Interconnection Electric SA ESP (ISA) is a Colombia-based company engaged in the transmission of electric power. The Companyâs business is structured into five divisions: Electric Energy Transport, operating a network of high-voltage transmission circuits in Colombia, Peru, Bolivia and Brazil; Smart Management of Real Time Systems, which manages the facilities of the National Interconnected System (SIN), Commercial Settlement System (SIC), Wholesale Energy Market (MEN) and International Electricity Transactions (TIE); Construction of Infrastructure Projects, which include the development of high-voltage and fiber-optic transmission networks; Telecommunications Transport, which is involved in the leasing of the Companyâs transmission networks to other operators, and Road Concessions, which focuses on the construction, management and exploitation of highways, toll roads and other related infrastructure. On September 30, 2013, the Company established a subsidiary, Intercolombia SA ESP.
INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. 
