Subscription Price Set for Preferred Shares to be Paid Out in the form of a Scrip Dividend
In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. hereby announces that today its Board of Directors set the subscription price for the Company's preferred shares at thirty-five thousand, nine hundred and seventy-three Colombian pesos (COP 35,973), as applicable to the scrip dividend to be paid, should this be approved at the Annual Shareholders' Meeting to be held today.
This sum was calculated using the methodology for setting the subscription price of these preferred shares for the purpose of paying out a scrip dividend, as stipulated in Item 5 of proposed Dividend Distribution, which was approved by the Board of Directors on February 23, and published in the form of Relevant Information on February 24, 2017.