- With the completion of this transaction, the company has not only simplified its ownership structure but also increased its shareholder base to more than 41,000 shareholders.
- Since this operation was first announced back in December 2024, the company's ordinary stock has gained 54% in value, while its preferred stock has risen by 76%, thereby generating COP 7.5 trillion in value for the Company's shareholders.
- By executing this spin-off, Grupo SURA is evolving and adapting to the dynamics of the international capital markets.
This Saturday, Grupo SURA successfully completed the implementation of the spin-offs contemplated in the Proposed Partial Spin-off by Absorption with Grupo Argos and Cementos Argos, thereby taking a key step in its evolution. This milestone reaffirms the organization's strategic objective to consolidate its position as a company specializing in financial services, with a sound portfolio and a business footprint encompassing a total of 10 countries with almost 80 million clients in Latin America.
"Now that we have completed this process, Grupo SURA is beginning a new stage that strengthens our position in the present while projecting us into the future. This evolution is allowing us to adapt to the dynamics of the international capital markets, furthering the focus of our portfolio on the financial service industry and simplifying our ownership structure this in order to continue consolidating our position as an attractive alternative for local and international investors. With the backing of our experience and the leading position enjoyed by our investments, we are moving forward in continuing to generate sustainable profitability in Latin America," stated Ricardo Jaramillo Mejía, Chief Executive Officer of Grupo SURA.
A portfolio focusing on the financial service sector
Following the completion of this transaction, Grupo SURA is focusing its position as a Financial Group with three main investments:
- Suramericana: the fourth largest insurer of Latin American origin with COP 19.7 trillion in written premiums throughout the region.
- SURA Asset Management: the leading pension fund and asset management company in Latin America, with COP 734 trillion in Assets under Management.
- Grupo Cibest: the parent company of Bancolombia, the leading bank in Colombia holding relevant positions in Central America, with COP 364 trillion in assets.
Changes to the shareholder base and the resumed trading of the Company’s shares.
Following the completion of these spin-offs, Grupo SURA increased its shareholder base now numbering more than 41,000 shareholders, thereby reflecting a more democratized ownership structure.
Likewise, as of this Monday, July 28, the Grupo SURA shares, both ordinary and preferred, shall resume trading on the Colombian Stock Exchange. Shareholders should note that, with the elimination of the cross-shareholding with Grupo Argos, there may be an adjustment in the price of these shares. However, the value of your investment, now represented in two positions, shall be preserved; therefore, the correct comparability of these values should be as follows:
Share performance
It is worth noting that since December 18, 2024, the date on which the spin-off operation between Grupo SURA, Grupo Argos and Cementos Argos was first announced, the price of the ordinary share has increased by 54% with the preferred share rising by 76%, both surpassing the performance of the Colombian market in general, which increased by an average of 27% during this period. This level of performance places Grupo SURA's two types of shares among the three most highly valued shares on the Colombian stock market during this period, generating COP 7.5 trillion in value for the company's shareholders.
Inclusion in indexes.
As a result of these spin-offs, there has been an increase in the Company's float, thereby allowing the Company’s ordinary shares (GRUPOSURA) to be included in the MSCI Global Small Cap Indexes as of July 15. This enables greater visibility with international investors and a potential increase in liquidity on the secondary market.
Similarly, the preferred stock (PFGRUPSURA) recently joined the FTSE4GOOD and FTSE Global Equity Indexes.
The aforementioned facts associated with the increase in the value of the company´s shares, as well as their being admitted to the aforementioned stock market indexes, evidence the different benefits that were first described at the time of the Proposed Spin-off was first announced, thereby constituting a positive milestone for our shareholders, our companies and the market in general.