The shareholders of the Bancolombia group today approved by majority the creation of the Cibest GroupSociety that from May 19 will perform as a matrix of the financial conglomerate.
The authorization that was achieved with 85.11% of the votes of the shareholders who participated in the assemblyis one of the last steps in the transformation process that was announced at the end of last year, in which the holders of the ordinary and preferential species of Bancolombia will have Cibst actions.
Read more: Bancolombia receives important approval to create the Cibest group, what is it?
The corporate transformation already He had obtained the approval of the country’s financial authoritiesas well as the approval of Bancolombia bond holders, so that these titles pass to the parent company, the Cibst Group.
Juan Carlos Mora, president of Bancolombia, explained that Cibst’s actions will be listed in the Colombian Stock Exchange (BVC) and in the New York Stock Exchangein the case of ADR, in the same conditions as today those of Bancolombia.
-You can read more: What do Bancolombia need to create the Cibest group?
The session served to authorize statutory changes YeLegir a new board of directors of the entity for the period April 2025 to March 2027which will be made up of 5 members: Ricardo Jaramillo, Juan Esteban Toro, María Angélica Arbeláez, Luis Fernando Restrepo and Sandra Marta Guazzotti.
Also, The payment of an extraordinary dividend of $ 624 per share was approved, payable on April 29.
As explained, the approved proposal is part of the materialization of the Evolution project of the corporate structure of Bancolombia and the creation of Grupo Cibst, which allows optimizing the capital structure of the holding.
Continue reading: How much will Bancolombia shareholders win with the new extraordinary dividend?
