Bancolombia S.A. Announces that an Extraordinary Shareholders' Meeting Will be Held on July 8, 2009.
The only matter on the agenda for this Extraordinary Shareholders' Meeting will be a proposal to issue non-voting preferred shares Preferred shares
Preferred shares give investors a fixed dividend from the company's earnings and entitle them to be paid before common shareholders. See: Preferred stock. of Bancolombia and the delegation of authority The action by which a commander assigns part of his or her authority commensurate with the assigned task to a subordinate commander. While ultimate responsibility cannot be relinquished, delegation of authority carries with it the imposition of a measure of responsibility. to determine the terms of the issuance and offering of such preferred shares to the Board of Directors. The decision to propose a share issuance was taken in order to continue strengthening Bancolombia's capital and be in a position to take advantage of existing market opportunities.
CONTACT: Sergio Restrepo, Executive VP, Bancolombia S.A., 574-404-1424, or Jaime A. Velasquez, Financial VP, 574-404-2199, or Juan E. Toro Toro may refer to:
- Denominación de Origen Toro, the Spanish wine region
- Toró, the nickname of Rafael Ferreira Francisco, Brazilian football (soccer) player
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|Date:||Jun 27, 2009|
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