• The Company began executing the program on October 5 through the trading systems of the Colombian Stock Exchange (BVC).
• The program will remain in effect until March 31, 2028, and includes both ordinary shares and preferred shares.
• The initiative is an additional tool within its strategy for efficient and disciplined capital allocation. 

Grupo SURA began executing the transactions under its Share Repurchase Program for up to COP 500 billion, which was authorized by the General Assembly of Shareholders and regulated by the Board of Directors. The transactions have already begun through the trading systems of the Colombian Stock Exchange (BVC), in accordance with the conditions established for this mechanism.

This program comes amid the continued appreciation of Grupo SURA’s shares, as, since the spin-off by absorption, the preferred share has increased by 64% and the common share by 51%, both outperforming the COLCAP’s performance over the same period.

“We are at a good point for the Company, with a series of recent milestones confirming that we are on the right path: record financial results at the end of the first half of the year, accelerated debt reduction, all-time highs in our share prices, and the inclusion of our common share in the FTSE GEI Index. The execution of this Share Repurchase Program is another step in our strategy to continue generating greater value and returns for our shareholders,” said Ricardo Jaramillo Mejía, President of Grupo SURA.

What does a share repurchase mean?

A share repurchase occurs when a company uses part of its capital to purchase, in the capital markets, shares that it previously issued and that are held by its investors. In this way, the Company allocates part of its resources to repurchase an ownership stake in itself.

This is one of the various options available to companies to manage their capital. The decision to use this mechanism depends on their needs, outlook, and value creation opportunities.

For Grupo SURA, the share repurchase is part of its strategy for efficient and disciplined capital allocation, as a mechanism to manage its resources and strengthen returns for its shareholders. It also seeks to contribute to narrowing the gap between the market price and the value of the Company, as well as to promoting greater liquidity and dynamism in the day-to-day trading of its shares.

How does Grupo SURA’s program work?

Grupo SURA’s Share Repurchase Program provides for a maximum amount of COP 500 billion and includes both common shares and preferred shares. The approved term of the program extends until March 31, 2028. The approved amount represents 2.5% of the Company’s current market capitalization.

The transactions are carried out through the Colombian Stock Exchange (BVC), under the conditions set forth in the rules and regulations approved by the Board of Directors and in accordance with applicable regulations.

The program does not imply that the entire authorized amount must be used. Its execution will depend on the internal and market conditions prevailing during its term.