Report of Foreign Issuer (6-k)
February 22 2017 - 3:58PM
Edgar (US Regulatory)
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 February, 2017
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
o
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
o
No
þ
If “Yes” is marked, indicate below the file number
assigned to the registrant in connection with Rule 12g3-2(b): 82-
.
__________________________________________________________________________________
__________________________________________________________________________________
BANCOLOMBIA S.A ANNOUNCES
PROPOSAL TO DISTRIBUTE PROFIT AND RETAINED EARNINGS
Medellin, Colombia, February 22, 2017
The Board of Director of Bancolombia
S.A (“Bancolombia”) approved the submission to the General Shareholders´ Meeting of a proposal to issue a dividend
equal to COP $950.40 per share, to be paid as follows: COP $237,60 per share and per quarter on: April 3, 2017;July 4, 2017; October
2, 2017 and December 27, 2017.
The Board of Directors’
proposal includes the establishment of a legal reserve for retained earnings for an amount equal to COP $1,914,464,269,922,84.
The table below summarizes
the profit distribution proposal:
In Colombian Pesos - COP
Gross profit 2016
|
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3,301,084,901,846.55
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Provisions for income tax and deferred tax
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857,023,408,911.25
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Net Profit for Fiscal Year 2016
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2,444,061,492,935.30
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Equity method for the year 2016
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776,029,542,744.46
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Profit before equity method
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1,668,031,950,190.84
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Plus
retained earnings recorded in the opening balance sheet and carried over from fiscal year 2016
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38,125,565,158.36
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Plus
release of 2015
fiscal year reserves-
Decree 2336 of 1995
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421,730,330,357.39
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Plus
release of resources
destined for the payment of preferred shares dividends
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57,701,443,512
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Total To be Distributed
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2,961,618,831,962.84
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|
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Minus
mandatory legal
reserve due to tax depreciation
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77,398,450,240.00
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Minus
legal reserve due to 2017 wealth tax
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55,635,731,000.00
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|
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Minus
retained earnings recorded in the opening balance sheet and carried over from fiscal year 2016
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38,125,565,158.36
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|
|
|
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Minus
appropriations to the legal reserve
for fiscal year 2016 profits
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1,876,338,704,764.48
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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, 2016, in the amount of
COP $950.4
per share, to be paid as follows:
$237.60
per share and per quarter on April 3, 2017; July 4, 2017; October 2, 2017 and December 27, 2017.
|
|
|
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914,120,380,800.00
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TOTALS
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2,961,618,831,962.84
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2,961,618,831,962.84
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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(*)
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Payment date(*)
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March 28, 2017
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April 3, 2017
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June 27, 2017
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July 4, 2017
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September 26, 2017
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October 2, 2017
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December 20, 2017
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December 27, 2017
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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.
Contacts
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Jaime A. Velásquez
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Jose Humberto Acosta
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Alejandro Mejía
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Strategy and Finance VP
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Financial VP
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IR Manager
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Tel.: (574) 4042199
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Tel: (571) 4885934
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Tel.: (574)
4041837
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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.
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BANCOLOMBIA S.A.
(Registrant)
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Date: February 22, 2017
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By:
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/s/ JAIME ALBERTO VELÁSQUEZ B.
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Name:
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Jaime Alberto Velásquez B.
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Title:
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Vice President of Strategy and Finance
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