Amendments to the Company´s Bylaws and the General Appointment, Remuneration and Succession Policy governing the Board of Directors

Relevant information

Grupo de Inversiones Suramericana S.A. (“Grupo SURA”, or the “Company”) hereby announces that at an extraordinary shareholders' meeting held today, the following decisions were made, this for the purpose of continuing to strengthen the Company's corporate governance and guaranteeing fair treatment for all shareholders:

  • The amendments to Articles 9, 10, 11, 13, 13, 15, 17, 17, 23, 24, 24, 25, 28, 29, 31, 32, 35, 44, 45 and 49 of Grupo SURA's By-laws, as well as including (i) a new Article 26 establishing the procedure for appointing members to the Board of Directors and, (ii) a new Article 50 on the price-matching obligation regarding any acquisition of the Company's ordinary shares through successive tender offers.
  • The amendments to the General Appointment, Remuneration and Succession Policy governing the Board of Directors, consist mainly of (i) describing in greater detail the procedure for appointing members to the Board of Directors and, (ii) submitting certain internal rules and regulations for the approval of the General Assembly of Shareholders.

Detailed texts of these approved amendments can be found by clicking on the following links:

Furthermore, the Shareholders authorized the Company's Legal Representatives to include the approved amendments in the Company’s By-laws and to proceed with the due notarization of this act as an integral amendment of the Company's By-laws.

These amendments became effective as of the date these were approved by the General Assembly of Shareholders.