In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby announces that at an Extraordinary Meeting held today, the General Assembly of Shareholders decided not to approve a proposed amendment to Article 23 of the Company’s By-Laws which consisted of including the following paragraph k) as part of the functions of the General Assembly of Shareholders :
"(k) Decide on the disposal of the Company’s shares in Grupo Argos S.A., particularly within the context of tender offers for such securities. This function may not be delegated”
Consequently, the Board of Directors retains the responsibility for making this decision. Furthermore, since we have already received statements raising situations on the part of certain Directors that could potentially create conflicts of interest in the context of the tender offer made by Nugil S.A.S. for a stake in Grupo Argos S.A.’s share capital, Grupo SURA has called for an Extraordinary Shareholders Meeting to be held on June 29, at 7:00 am, at the Teatro Suramericana located at Carrera 64 B No. 49 A - 30 in the city of Medellín, this in order to carry out the procedures established by Colombian legislation for resolving conflicts of interest.
Afterwards, the Board of Directors shall deliberate and decide on the tender offer for Grupo Argos shares with the members authorized by the meeting.
* This free translation is for illustration purposes only. The Información Relevante published in Spanish on June 23, 2022 is the official version.