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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 OF
THE SECURITIES EXCHANGE ACT OF 1934
For the month of February, 2021
Commission File Number 001-32535
Bancolombia S.A.
(Translation of registrant’s name into English)
Cra. 48 # 26-85
Medellín, Colombia
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F ◻
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):___
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(2):___
Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ◻ No þ
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- .
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| BANCOLOMBIA S.A. | |
Date: February 24, 2021 | By: | /s/ JOSE HUMBERTO ACOSTA MARTIN. |
| Name: | Jose Humberto Acosta Martin. |
| Title: | Vice President of Finance |
BANCOLOMBIA ANNOUNCES PROPOSAL TO DISTRIBUTE PROFITS
Medellin, Colombia, February 24, 2021
The Board of Directors of Bancolombia S.A (“Bancolombia”) approved the following profit distribution proposal to be submitted at the General Shareholders’ Meeting:
| (i) | The payment of an ordinary dividend equal to COP $260 per share, to be paid as follows: COP $65 per share and per quarter on the following dates: April 5, 2021, July 1, 2021, October 1, 2021, and January 3, 2022. Such dividends are proposed to be payable to holders of outstanding common and preferred shares of Bancolombia. |
| (ii) | The establishment of a specific reserve for the strengthening of equity and future growth of the bank in the amount of COP $810,559 million. |
| (iii) | A specific reserve for the development of social benefit projects in the amount of COP $10,000 million. |
The table below summarizes the profit distribution proposal (Colombian pesos):
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Contacts | | | |
Mauricio Rosillo Rojas | Jose Humberto Acosta | Carlos Raad Baene | |
Corporate VP | Financial VP | IR Manager | |
Tel.: (571) 4885675 | Tel.: (571) 4885934 | Tel.: (571) 4885371 | |
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