Decisions Adopted at the Extraordinary Meeting of the General Assembly of Shareholders

Relevant information

Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby reports that an Extraordinary Shareholders' Meeting took place today, as announced to the market on October 15, 2024, the purpose of which was as follows:

  • Evaluating and deciding on potential conflicts of interest on the part of certain members of the Board of Directors of Grupo de Inversiones Suramericana S.A. for the purpose of deliberating and deciding on possible solutions for transforming the ownership structure and stake held in Grupo Argos S.A.
  • Evaluating and deciding on potential conflicts of interest on the part of certain legal representatives of the Company for the purpose of deliberating and deciding on possible solutions for transforming the ownership structure and stake held in Grupo Argos S.A.

For this purpose, the communications received from the following administrators who declared potential conflicts of interest were made available on the Company's website (gruposura.com.co):

  • Alejandro Piedrahita, Jorge Mario Velásquez, Luis Javier Zuluaga and Pedro Mejía, members of the Board of Directors
  • Ricardo Jaramillo, Juan Esteban Toro and Juan Luis Múnera, Legal Representatives of the Company.

During the meeting, the shareholders made the following decisions:

  • To authorize the Board members Alejandro Piedrahita, Jorge Mario Velásquez, Luis Javier Zuluaga and Pedro Mejía to participate in deliberating and deciding on possible solutions for transforming the ownership structure and stake held in Grupo Argos S.A.
  • To authorize the legal representatives Ricardo Jaramillo, Juan Esteban Toro and Juan Luis Múnera to perform all those acts required with regard the approvals obtained from both the General Assembly of Shareholders and the Board of Directors.

After obtaining these approvals from the General Assembly of Shareholders, Grupo SURA’s Board of Directors, together with its external advisors, is now empowered to deliberate and decide on alternatives for transforming the ownership structure and stake held in Grupo Argos, and if necessary, carry out the pertinent corporate governance procedures.

The results of this process shall  be reported to the market in due course.