Grupo de Inversiones Suramericana S.A. ("Grupo SURA") announces that today after a first call, a joint meeting took place of the General Assembly of Ordinary Bondholders corresponding to Grupo SURA’s [1] current issues of bonds, as called for on March 10, 2025.
The purpose of this meeting was to approve the proposed partial spin-off by absorption between Grupo SURA, Cementos Argos S.A. and Grupo Argos S.A. (the "Proposed Spin-Off "). For this purpose, reports on the part of Grupo SURA, Alianza Fiduciaria and Fitch Ratings were presented and made available on Grupo SURA's website for the time established by applicable rules and regulations.
The General Assembly of Bondholders approved the Proposed Spin-Off with the affirmative vote of 97% of the bondholders present, representing 81.04% of the unpaid balance of the outstanding issues. There were no votes against. This meeting was held in compliance with the necessary processes and authorizations for this purpose.
Thanks to the approval on the part of our bondholders, one of the conditions required for moving ahead with approving the Proposed Spin-Off has been met. The next step will be to submit this for the consideration and approval of Grupo SURA's Shareholders' at their upcoming meeting to be held on March 28.
About Grupo SURA
Grupo de Inversiones Suramericana -Grupo SURA- is creating sustainable profitability based on a portfolio focusing on the financial service sector in Latin America. We are also the holding company of the SURA-Bancolombia Financial Conglomerate, present in Latin America where it provides its financial services, namely insurance, pensions, savings, investment, asset management and banking, through its subsidiaries Suramericana and SURA Asset Management, as well as in its role as the main (non-controlling) shareholder of Bancolombia. The Company is listed on the Colombian Stock Exchange (BVC) and is also registered with the ADR- Level 1 program in the United States. We are also the only Latin American company from the Diversified Financial Services sector to be admitted to the Dow Jones World Sustainability Index (DJSI), which tracks companies who have become global benchmarks thanks to the best practices they have adopted from the economic, environmental and social standpoints. Grupo SURA´s portfolio is complemented with industrial investments through Grupo Argos (cement, energy as well as road and airport concessions)
[1] Under the terms of Article 4.3.3. of Chapter I, Chapter I of Title I of Part III of the Basic Legal Circular issued by the Colombian Superintendency of Finance, in the case of (i) a primary market issue authorized by the Colombian Superintendency of Finance in November 2009 and (ii) three primary market issues of the Issuance and Placement Program for Ordinary Bonds and Commercial Papers corresponding to April 2014.