Credicorp Ltd.: Credicorp’s Declaration of Special Dividends
September 25 2019 - 4:30PM
Lima, PERU, September 25, 2019 – Credicorp Ltd.
announces to its shareholders and the market that the Board of
Directors, in its session held on September 25, 2019, approved the
distribution of a special cash dividend of PEN 755,058,536.00 for a
total of 94,382,317 outstanding shares, which is equivalent to PEN
8.0000 per share, establishing as registration date on Wednesday
October 23, 2019.
The cash dividend will be paid out on November
22, 2019, without withholding tax at source. The dividend will be
paid in US Dollars using the weighted exchange rate registered by
the Superintendency of Banks, Insurance and Pension Funds
(Superintendencia de Banca, Seguros y AFP) for the transactions at
the close of business on November 20, 2019. The US Dollar dividend
amount will be rounded up to four decimals.
The Board's decision to approve the distribution
of a special dividend is based on Credicorp’s financial strength
and the significant solvency position it has built in recent years,
and in virtue of the provisions set forth in the Company's
By-Laws.
The dividend shall be applied on Credicorp’s
Retained Earnings and, to a lesser extent, to freely available
Optional Reserves and shall be paid with cash in hand.
Credicorp states that at the present time it has
the necessary and sufficient funds to pay the special dividend
considering the criterion established by Section 54 of the 1981
Companies Act of Bermuda and that its decision to declare and pay
such special dividend shall not affect the company capital
position, placing it at all times over regulatory limits and within
its Risk Appetite levels.
Credicorp shall continue to invest in its
recurring business to ensure the company long-term profitability,
thus confirming its objective of optimizing the capital structure
and, consequently, increasing capital returns for its
shareholders.
About CredicorpCredicorp Ltd.
(NYSE: BAP) is the leading financial services holding company in
Peru with presence in Chile, Colombia and Bolivia. Credicorp has a
diversified business portfolio organized into four lines of
business: Universal Banking, through Banco de Credito del Peru -
BCP and Banco de Credito de Bolivia; Microfinance, through Mibanco
and Encumbra; Insurance & Pension Funds, through Grupo Pacifico
and Prima AFP; and Investment Banking & Wealth Management,
through Credicorp Capital, Wealth Management at BCP and Atlantic
Security Bank.
For further information please contact the IR team:
investorrelations@credicorpperu.com
Investor RelationsCredicorp
Ltd.
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