UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2024
Commission File Number 001-32535
Bancolombia S.A.
(Translation of registrant’s name into English)
Cra. 48 # 26-85
Medellín, Colombia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F ◻
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(2):___
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ◻ No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BANCOLOMBIA S.A. | |
Date March 15, 2024 | By: | /s/ JOSE HUMBERTO ACOSTA MARTIN. |
| Name: | Jose Humberto Acosta Martin. |
| Title: | Vice President of Finance |
March 15, 2024
Medellín
BANCOLOMBIA S.A. ANNOUNCES APPROVAL OF THE PROFIT DISTRIBUTION PROPOSAL
Today, at the ordinary meeting of the Shareholders' Meeting of Bancolombia, the profit distribution proposal reported to the market on February 20 was approved with the required majority, taking into account the following matters:
(i)The payment of an annual dividend of COP 3,536 per share, payable in four quarterly installments of COP 884 per share, on the following dates: April 1st, July 2nd, October 1st, 2024 and January 2nd, 2025. The dividends what were submitted for consideration by the General Shareholders´ Meeting will be payable with respect to outstanding common shares and preferred shares.
(ii)The establishment of a specific reserve (occasional reserve) for the strengthening of equity and future growth in the amount of COP 2.61 billion.
(iii)A specific reserve (occasional reserve) available to the Board of Directors for donations to social benefit projects in the amount of COP 33,000 million.
Gross profit 2023 | 7,662,543,704,125.73 | |
Provisions for income tax and deferred tax | (1,682,813,409,504.38) | |
Net profit fiscal year 2023 | | 5,979,730,294,621.35 |
Plus retained earnings recorded in the opening balance sheet and realized during fiscal year 2023 | | 1,810,389,243.96 |
Plus release of proceeds for payment of preferred shares dividends | | 57,701,443,512.78 |
Total to be distributed | | 6,039,242,127,378.09 |
Specific reserve for the strengthening of equity and future growth | 2,605,221,855,378.09 | |
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, 2023, in the aggregate amount of COP 3,536 per share, to be paid as follows: COP 884 per share per quarter on the following dates: April 1st, July 2nd, October 1st, 2024 and January 2nd, 2025. | 3,401,020,272,000.00 | |
Specific reserve available to the Board of Directors for donations to social benefit projects | 33,000,000,000.00 | |
TOTALS | 6,039,242,127,378.09 | 6,039,242,127,378.09 |
| | |
Amounts expressed in Colombian pesos (COP)
The ex-dividend period will be between the first dividend payment business day of the corresponding shares and the 4 trading days immediately preceding such date, as follows:
Beginning of ex dividend period (*) | End of ex-dividend period (*) |
March 21st, 2024 | April 1st, 2024 |
June 25th, 2024 | July 2nd, 2024 |
September 25th, 2024 | October 1st, 2024 |
December 26th, 2024 | January 2nd, 2025 |
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(*) The dates of the ex-dividend period will be subject to adjustments in accordance with the provisions of the Colombian Stock Exchange.
Company management confirms that the necessary processes and authorizations were completed to carry out the General Shareholders´ Meeting.
Contacts | | | |
Julian Mora Gomez | Jose Humberto Acosta | Catalina Tobon Rivera | |
Corporate VP | Financial VP | IR Director | |
Tel.: (57 601) 4042436 | Tel.: (57 601) 4885934 | Tel: (57 601) 4485950 | |
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