Grupo de Inversiones Suramericana S.A. ("Grupo SURA") hereby announces that the tender offer for 23.1% of the Grupo Nutresa shares as launched by Grupo SURA, Grupo Argos S.A., Graystone Holdings S.A. (a vehicle of IHC Capital Holding L.L.C.), JGDB Holding S.A.S. and Nugil S.A.S.[1], as part of the Framework Agreement signed on June 15, 2023, has now concluded.
The results of this tender offer, the settlement and fulfillment of which was completed today, were as follows:
| Number of acceptances |
Number of shares |
Percentage of |
| 1,583 | 102,914,771 | 22.6% |
Based on the form of payment, the results of this tender offer were as follows:
| Form of payment | Number of shares |
Percentage of |
Number of |
| Pesos | 90,455,140 | 19.8% | 32.895.537 |
| Dollars | 10,298,598 | 2.2% | 1,592,935 |
| Shares | 2,161,033 | 0.5% | 1,691,530[2] |
Having concluded the Tender Offer, as previously announced through the Relevant Information channel[3], the second part of the share swap shall be carried out once the required authorizations are obtained, so that Grupo SURA and Grupo Argos deliver the 10.1% of Nutresa shares that were awarded to them in the Tender Offer and receive the remaining shares in Grupo SURA and Sociedad Portafolio S.A., currently held by JGDB Holding S.A.S., NUGIL S.A.S. and IHC Capital Holding L.L.C.
[1] See Relevant Information published by Grupo SURA on February 5 and 6, 2024.
[2] The 1,691,530 Grupo Nutresa shares awarded to Grupo SURA will be paid in kind, as follows: 1,258,143 shares in Grupo Sura and 955,698 shares in Sociedad Portafolio.
[3]See Relevant Information published by Grupo SURA on February 6, 2024.
