EX-99.1 2 d437408dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

 

LOGO

Grupo Financiero Galicia S.A.

CUIT: 30-70496280-7

Buenos Aires

March 9, 2018

To:    Comisión Nacional de Valores (Argentine National Securities Commission)

Re:    Material Event

To whom it may concern,

We are writing to inform you that, on March 8th, 2018, the Board of Directors of Grupo Financiero Galicia S.A. (the “Company”) approved the following proposal for the allocation of profits from the 2017 fiscal year:

 

      Argentine pesos  

Cash Dividends(1)

      1.200.000.000,00  

Legal Reserve

      25,300,000,00  

Discretionary Reserve

      7.104.168.725,42  
  (1) 84.1063762% over 1.426.764.597 of common class A and B shares, par value Ps.1 each.

If the proposal is approved, the shareholders´ equity of the Company as of December 31, 2017 will be comprised as set forth below, in accordance with current regulations:

 

      Argentine pesos  

Capital Stock

      1.426.764.597  

Capital Adjustment

      278.130.755,47  

Premium for Trading of Shares in Own Portfolio

      605.682,08  

Additional paid in Capital

      10.950.526.452,97  

Profit Reserves

   

Legal Reserve

      340.979.070,49  

Discretionary Reserve

      25.103.197.740,77  

Statutory Reserve

      32,54  

Total Shareholders’ Equity

      38.100.204.331,32  

The Board of Directors will not make any proposals in relation to the capitalization of monetary adjustments.

Yours faithfully,

 

 

A. Enrique Pedemonte

Attorney in fact

Grupo Financiero Galicia S.A.

This document constitutes an unofficial translation into English of the original document in Spanish,

which document shall govern in all respects, including with respect to any matters of interpretation.