Corficolombiana - Visor de contenido general - WCV(JSR 286)

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FAQ

When was Corficolombiana created?

Corficolombiana was incorporated as a joint-stock company on November 27, 1961, and assumed the name Corporación Financiera del Valle S.A. in 1963. The company conducted business under this name until 2005, when it merged (as aborbing entity) with Corporación Financiera Colombiana S.A., taking the latter’s name. This merger put an end to a process of industry integration among Corporaciones Financeras.

What is Corficolombiana?

Corficolombiana is the holding company of the non-financial investments of Grupo Aval (NYSE: AVAL), the largest financial conglomerate in Colombia and it is the result of the merger between Corporacion Financiera del Valle and Corporacion Financiera de Colombia. Prior to this merger Corficolombiana was the result of the merger of 8 financial corporations.

Corficolombiana has strategic stakes in sectors with continuous long-term stable growth.  Currently includes investments in sectors such as Financial Services, Infrastructure, Energy and Gas, Hospitality, Agribusiness, among others. Corficolombiana is a company listed in the Colombia Stock Exchange since 1992, becoming the first Colombian company listed in international stock markets after issuing ADRs in 1993. It currently holds 3.99% of the domestic stock market index.

How many employees does Corficolombiana have?
As of December, 2017, Corficolombiana had  326 employees.

Where are Corficolombiana’s offices located?
Our offices are located at Carrera 13 No. 26-45 8th floor, Corficolombiana International Building, in the city of Bogotá, Colombia.

What is Corficolombiana’s credit rating?

Corficolombiana’s current credit ratings are the following:

Rating

National Rating

Rating Outlook

International Rating

Rating Outlook

Date

BRS Standard & Poor's

AAA  BRC1+

Stable

-

-

agu-18

Fitch Ratings

AAA  F1+

Stable

BBB

Stable

June-18

Who regulates Corficolombiana?

Corficolombiana holds a Financial Corporation (Corporación Financiera) license, and is accordingly subjet to the regulation and supervision of the Colombian Finance Superintendence as a so-called lending establishment (establecimiento de crédito).

In addition, as an issuer of securities in Colombia, it is duly registered as such in the local Registry of Securities and Issuers maintained by the Finance Superintendence, and is accordingly subject to applicable securities regulations, including in connection with disclosure of financial information and corporate governance.

How and when can I obtain Corficolombiana’s results?

Corficolombiana currently discloses its financial information on a quarterly and biannual basis. Release dates may be found in the investor information calendar here.

Released financial information may be found  here.

How many stockholders does Corficolombiana have?

As of September 30, 2018, Corficolombiana had 5,823 shareholders, of which 4,990 were common shareholders, and 833 held preferred shares. As of the same date, the issued and outstanding stock of Corficolombiana was made up of 279,448,317 shares divided into 263,545,395 common shares and 15,902,922 preferred shares

Where is the stock traded and what is its ticker?

Corficolombiana’s common and preferred shares are listed in the Colombian Stock Exchange where its tickers are CORFICOLCF and PFCORFICOL and, respectively.

What is the difference between Corficolombiana ordinary (common) and preferred shares?

Ordinary (common) shares benefit from the company's fiscal year profit and have the right to vote in the General Stockholders' Meeting. Preferred shares do not have the right to vote in the meeting, except in connection with certain specific decisions that are particularly relevant to said shareholders, but have the right to receive a minimum dividend over the fiscal year profit provided that it is higher than the dividend payable to common shares. Otherwise, the dividend received will be the same as the dividend declared for ordinary (common) shares.

When are Corficolombiana’s dividends paid?

Corficolombiana’s dividends are approved at its General Shareholders' Assembly and are declared on the basis of separated net income for the immediately previous accounting period (semester or year). Historically, dividends have been paid monthly during the following 6 months. Thus, the dividend by share declared in March has historically been paid in the months of April, May, June, July, August and September, and the dividend declared in September has historically been paid in the months of October, November, December, January, February and March. Historically, Corficolombiana has also paid a stock dividend, subject to the rules and limitations set forth under Colombian law. Starting in 2018, and in line with the modification of the Bylaws approved in 2016, dividends will be decreed on the basis of separated net income for the previous year and their form and date of payment will be approved by the General Shareholders' Assembly.

Are there tag-along rights for Corficolombiana shares?

There are no tag-along rights for Corficolombiana shares. However, Colombian law requires that when an investor decides to buy more than 25% of outstanding shares in a  listed company, it must launch a Takeover Bid, or OPA (Spanish acronym), in which the purchase price will be the same for all acceptors of the bid.

When an investor holds more than 25% of outstanding shares in a listed company and increases its stake by more than an additional 5%, it must launch an OPA.

Who can I request a share certificate from?

Share certificates should be requested by e-mail to the investor relations team.

How and where can I buy or sell ordinary or preferred shares of Corficolombiana in Colombia?

The purchase and sale of shares in the secondary market in Colombia is done through broker dealers. A complete list of the authorized broker dealers in the country can be found at the website of the Colombian Stock Exchange (Bolsa de Valores de Colombia). It is necessary for a potential investor to contact the broker dealer of his/her preference to understand the process required to finalize the intended transaction and to receive information about any potential costs associated with it.

How can I get in touch with the Investor Relations area?

Below is the contact information for the Investor Relations area.

Relationship with Investors

Adriana de Pilar Gonzalez Romero
Relationship with Investors Corporative Manager
Carrera 13 #26-45 piso 8
Pbx. (1) 286 33 00 ext. 8210
relacion.inversionistas@corficolombiana.com

Corficolombiana - Visor de contenido general - WCV(JSR 286)

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