MEDELLIN, Colombia, Jan. 30 /PRNewswire-FirstCall/ -- The Board of Directors of Bancolombia S.A. ("Bancolombia"), on a meeting held today, adopted the following decisions:
Convocation to the General Shareholders Meeting of Bancolombia S.A.
The Board of Directors of Bancolombia ordered to convoke to the General Shareholders Meeting taking place on March 2, 2009, at 10:00 am in the Intercontinental Hotel ("Hotel Intercontinental") located in the city of Medellin in the following address: Calle 16 No 28 - 51 Km 5 Via Las Palmas.
Profits Distribution Project
The Board of Directors also decided to propose to the General Shareholders Meeting, on the profits obtained in 2008, an approval of dividends equivalent to Ps 156 per share and per quarter, which will be payable from the first business day of each calendar quarter (April 1st, July 1st and October 1st of 2009 and January 4 of 2010) amounting a total of Ps 624 per year which represents an increase of 9.9% of the dividends paid in 2008.
It has also been proposed to appropriate Ps $ 538.8 billion of 2008´s financial results as legal reserve.
