This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

GRUPO SURA Continued To Consolidate Its Growth In 2012 And Strengthen Its Position As A Multi-Latin Financial Holding Company

DECISIONS MADE AT THE ANNUAL SHAREHOLDERS MEETING

At their Annual General Meeting, the Shareholders gave their approval to the proposed increase in dividends for the Company's ordinary shares, which was set at COP 339.oo, that is to say 10% higher than that paid out the previous year. This increase is also 7.62% higher than the year-end CPI in Colombia. The dividend to be paid out on the Company's preferred shares was maintained at COP 975.oo per year per share, this in keeping with that authorized in the corresponding Issue and Placement Prospectus drawn up in 2011.

On the other hand, and as part of GRUPO SURA commitment to upholding best practices in terms of corporate governance and transparency, in 2012 a change was made to the Company's Board of Directors with two independent members, namely Messrs. Armando Montenegro Trujillo and Hernando Yepes Arcila being appointed as Chairman and Vice-Chairman, respectively.

The Shareholders also approved the appointment of a fourth independent member to the Board of Directors, Mr. Carlos Espinosa Soto, to replace Mr. Jorge Mario Velasquez. The Company thanked Mr. Velasquez for the valuable assistance he has provided since 2006, when first appointed. Mr. Espinosa, holds a degree in Economics from the University of Louisiana and attended the Senior Management program at INALDE Business School along with other programs at the Wharton School and Harvard Business School. He was the Chief Executive Officer of Acegrasas S.A. and currently serves as Chief Executive Officer of Grupo Espinosa. He also sits on the Boards of Directors of Teamfoods Colombia S.A. and Leonisa, and is a member of the Board of Trustees of Fedesarrollo, Fundacion Cardio Infantil and the Bogota Chamber of Commerce.

About GRUPO SURA

Grupo de Inversiones Suramericana –GRUPO SURA– is a Latin American company listed on the Colombian Stock Exchange and registered with the ADR- Level 1 program in the United States. It is also listed with the Latibex Market for Latin American Stocks in Euros hosted by the Madrid Stock Exchange. Furthermore, it also one of the three companies from the Latin American financial service sector to be admitted to the Dow Jones Sustainability Index (DJSI), which covers companies who have become global benchmarks thanks to the good practices they have adopted from the economic, environmental and social standpoints. GRUPO SURA holds core investments in the financial services, insurance, pension social security and investment funds sectors and non-core investments in the processed food, cement, energy, mining and real estate sectors.

Luis Eduardo MartínezDirector Relación con Inversionistas lemartinez@gruposura.com.co (574) 4355628

Monica Guarín MontoyaGerente Comunicaciones mguarin@gruposura.com.co (574) 4355935

SOURCE GRUPO SURA

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
2 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,912.11 -70.48 -0.42%
S&P 500 1,969.95 -8.96 -0.45%
NASDAQ 4,442.6980 -2.2110 -0.05%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs