Grupo Security : Launches Road Show For Capital Increase

Grupo Security has launched a road show that includes a series of meetings between private and institutional investors and the company's leadership. The objective of the effort is to invite them to take part in the capital increase of approximately 437 million shares that is expected to raise $100 billion with a price of $220 per share.

Advised by Banchile Corredores de Bolsa S.A. and Banchile Citi Global Markets, the company initiated the capital increase in July after obtaining the corresponding authorization from the Superintendency of Securities and Insurance (SVS). The process will last through the end of this month. The preferential option period during which current shareholders can acquire 0.1340048142 new shares for each old share registered in the Shareholders Record through July 19, 2017 will run until August 24.

Grupo Security CEO, Renato Peñafiel stated that, 'This capital increase, the ninth in our history, will allow the company to sustain commercial growth above the industry rates and strengthen the capital base of our main assets, Bank and Life Insurance.'

Grupo Security's shares are currently trading at CH$267 and have had average annual growth of +15.5%, 7.7% and 15.1% over the past five, ten and 15 years, respectively, outpacing the 3.9%, 4.4% and 11.1% registered by IPSA for those same periods.

Grupo Security is structured around four main business areas, each of which groups together subsidiaries and divisions that share business objectives. These areas are finance, insurance, investments and asset management, and complementary services.