In compliance with current reporting requirements, Grupo de Inversiones Suramericana S.A. (Grupo SURA) hereby announces the following decision taken at an Extraordinary Meeting of its General Assembly of Shareholders held today.
As Grupo SURA informed the public securities market, the purpose of this extraordinary meeting consisted of deliberating on the potential conflicts of interest on the part of certain members of its Board of Directors, with regard to deciding on the third consecutive Tender Offer (“OPA” in Spanish), launched by the company Nugil S.A.S in February 28, 2022 for the purpose of acquiring shares in Grupo Nutresa S.A. (“Grupo Nutresa”).
Letters from members of the Company's Board of Directors, namely Alejandro Piedrahíta B., Carlos Ignacio Gallego P., Gabriel Gilinski K., Jose Luis Suarez P. and Jorge Mario Velásquez J., requesting an evaluation of their possible conflicts of interest, were made available on the Company’s web page:
The shareholders at an extraordinary meeting held today decided not to authorize any of the Directors who expressed potential conflicts of interest to decide on the third tender offer made by Nugil S.A.S. for Grupo Nutresa shares.
Based on this decision made by the shareholders, the Board of Directors of Grupo SURA does not have the necessary quorum to deliberate and decide, exclusively, on the third Tender Offer made for shares in Grupo Nutresa.
Today´s decision does not imply that the Company’s Board of Directors is prevented from deciding on any other issue, and therefore it shall continue to exercise all of the other functions and responsibilities, as entrusted to them, regarding any other matter.
*This free translation is for illustration purposes only. The Información Relevante published in Spanish on April 20, 2022 is the official