With the express request to the directors of Grupo Sura, so that next year the shareholders receive many more dividendsthat the company continues to grow and contribute to the social welfare of the country and that its level of indebtedness is reduced, Jaime Gilinski made his debut as one of the largest shareholders of this financial conglomerate.
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He did so yesterday at the annual shareholders’ meeting in which, in addition, he thanked the directors and the more than 33,000 employees of Grupo Sura for the work carried out, especially during the pandemic.
“I would not have made an investment of the magnitude that I have made if I did not consider this to be a great company, that is why we have come to contribute so that this continues to be the case.”, said Gilinski, who for now controls 31.5 percent of that holding company, since the results of the third takeover bid that yesterday received the go-ahead from the Financial Superintendence and the Colombian Stock Exchange (BVC) are missing for its realization, along with that of Nutresa.
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His debut at that meeting was perhaps not as satisfactory as the new shareholders initially expected. They achieved only two seats on the new board of directors of the three or more they aspired to have, while in terms of dividends, they ended up voting for the proposal presented by the directors, when it was expected that they would reject it, since they aspired to distribute between 50 and 70 percent of the profits of 2021, with which the dividend to be paid It would have tripled this year.
In effect, yesterday the payment of 748 pesos per share was approved, 30 percent more than that of 2021, and the new board of directors was elected, in which the Gilinski family obtained two of the seven positions that make it up, three independent and four patrimonial, that is, those expressly nominated by the shareholders of the holding company.
That’s the way it is, Gabriel Gilinski Kardonski will occupy the chair of the patrimonial and José Luis Suárez that of the independent, although he was proposed by Valle del Cauca investors.
The other members of the board, elected for the period from April 2022 to March 2024, are: Jaime Bermúdez Merizalde, María Carolina Uribe Arango, as independent members; as well as Jorge Mario Velásquez Jaramillo, Carlos Ignacio Gallego and Alejandro Piedrahíta Botero, as proprietary members. These last four members come from the previous board and were re-elected.
In the Sura meeting, it was approved to distribute this year among its shareholders 454,115 million pesos from the more than 1.5 billion pesos of those of 2021.
“The increase in the distribution of the dividend reflects Grupo Sura’s commitment to creating value for all its shareholders,” said Gonzalo Pérez, president of Sura, who added that they expect profits to grow between 10 and 15 percent this year compared to to the 2021 results.
He also pointed out that one of the focuses this 2022 is to reduce the level of debt, while its subsidiaries, Suramericana and Sura Asset Management, contemplate investments for the development of their businesses for some 850,000 million pesos, associated with new products and solutions, digitization and technological updating, among others.
The new takeovers
After the Valle del Cauca investors presented the new monetary guarantees, 120.3 million dollars in the Sura takeover bid and 346 million dollars in the case of Nutresa, and once the shareholders’ meetings of said organizations were held, the market authority and the Colombian Stock Exchange (BVC), endorsed the completion of both operations.
As it is recalled, on February 28, once the second takeover bids for these companies were completed, the Gilinskli proceeded to carry out a third operation of this nature to continue gaining shareholding both in Sura, of which they already control 31.5 percent percent, as in Nutresa, where they already have 30.8 percent in their possession.
In this opportunity, investors go for a minimum number of shares equivalent to 9.6 percent and a maximum of 12 percent of Grupo Nutresa, for which they are willing to pay now $12.58 per share, in cash and in Colombian pesos or in dollars.
The new takeover bid by Grupo Sura, financial parent company of Grupo Empresarial Antioqueño (GEA), aims to acquire titles paying 9.88 dollars for each one, and seeking to acquire a minimum of 5.2 percent and a maximum of 6.5 percent. percent, in addition to the percentages consolidated after the completion of the second takeover bid.
The actions of both groups have been suspended since February 28 and will remain so until the respective notices containing detailed and specific information related to said operations are published.
Time