Bancolombia S.A. : January 30, 2014 BBancolombia S.A. announces approval of terms and conditions of issuance of non-voting preferred shares (“preferred shares”) Download
January 30, 2014 at 09:26 pm IST
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BANCOLOMBIA ANNOUNCES APPROVAL OF TERMS AND CONDITIONS OF ISSUANCE OF NON-VOTING PREFERRED SHARES ("PREFERRED SHARES")
Medellin, Colombia, January 30, 2014
Yesterday, the Board of Directors of Bancolombia S.A. ("Bancolombia") approved the terms and
conditions of the issuance of one hundred and ten million (110.000.000) Preferred Shares.
According to such terms and conditions, and after obtaining the required regulatory approvals, the preferred shares will be offered in the Colombian market and allocated in accordance a bookbuilding procedure pursuant to Colombian securities regulations.
The preferred shares will not be and have not been registered under the Securities Act of 1933 (the "Act"), and may not be sold nor offered in the United States or to any U.S. Person, as defined in the Regulation S of the Act, absent registration or an applicable exemption to the registration requirements. This press release shall not be construed as an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.
Contacts
Jaime A. Velásquez Strategy and Finance VP Tel.: (574) 4042199
Bancolombia S.A. (Bancolombia) is a financial institution engaged in providing a range of financial products and services to a diversified individual, corporate, and government customer base throughout Colombia, Latin America and the Caribbean region. The Bank operates through 10 segments: Banking Colombia, Banking Panama, Banking El Salvador, Leasing, Trust, Investment Banking, Brokerage, Off Shore and All other. It delivers its products and services through its regional network comprising Colombia's non-Government owned banking network, El Salvador's financial conglomerate by gross loans, Guatemala's bank, Panama's bank and off-shore banking subsidiaries in Panama, Cayman and Puerto Rico, as well as subsidiaries in Peru. The Bank and its subsidiaries offer Savings And Investment, Ahorro A La Mano, Financing, Mortgage Banking, Factoring, Financial and Operating Leases, Capital Markets, eTrading, Cash Management, Foreign Currency, Bancassurance, Investment Banking and Trust Services.
Bancolombia S.A. : January 30, 2014 BBancolombia S.A. announces approval of terms and conditions of issuance of non-voting preferred shares (“preferred shares”) Download
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