Report of Foreign Issuer (6-k)

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

 

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The Securities Exchange Act Of 1934

 

For the month of March 2018

 

 

 

Commission File Number: 000-54290

 

Grupo Aval Acciones y Valores S.A.

(Exact name of registrant as specified in its charter)

 

Carrera 13 No. 26A - 47

Bogotá D.C., Colombia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F

X

Form 40-F

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

 

Yes

No

X

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

 

Yes

No

X

 

 

 

 

 

GRUPO AVAL ACCIONES Y VALORES S.A.

 

TABLE OF CONTENTS

 

ITEM
1.	Notice regarding Ordinary General Shareholders’ meeting to be held on March 23, 2018

 

 

Item 1  

 

Grupo Aval Acciones y Valores S.A. (“Grupo Aval”) informs the following:

 

1.

An Ordinary General Meeting of Shareholders has been summoned for March 23rd, 2018, pursuant to the following announcement:

 

“Grupo Aval Acciones y Valores S.A.

Ordinary General Meeting of Shareholders  

Summoning

 

The Board of Directors and the President of Grupo Aval Acciones y Valores S.A. summons the ordinary shareholders of the company to an Ordinary General Meeting of Shareholders that will take place next Friday, March 23rd, 2018 at 9:00 am, at the auditorium of Banco de Bogotá located at Calle 36 No. 7-47, first floor in Bogotá D.C.

 

The proposed agenda for the abovementioned meeting is the following:

 

1.

Quorum verification,

2.

Consideration of the agenda,

3.

Appointment of a committee for approval of the minutes,

4.

Report of the Board of Directors and the President of the Company,

5.

Separate and Consolidated Financial Statements for the period ended on December 31st, 2017,

6.

External Audit report,

7.

Consideration and approval of the Report of the Board of Directors and President of the Company, Financial Statements and its attachments for the period ended on December 31st, 2017,

8.

Consideration and approval of the Proposed Distribution of Profits,

9.

Election of the Board of Directors and approval of its compensation

10.

Election of the Company’s External Auditor and approval of its compensation

11.

Propositions and miscellaneous

 

Pursuant to legal and statutory regulations, the Separate and Consolidated Financial Statements for the period ended on December 31, 2017 and related documentation will be available for inspection during the legal term at the office of the General Secretary of the Company located at Carrera 13 N° 26A-47, Piso 26, Bogotá D.C.

 

Shareholders may be represented in the meeting by a written proxy including the representatives’ names, its substitutes, the dates, periods and meetings for which such proxy will be effective.

 

In order to obtain your assistance certificate in advance, please confirm your assistance to Deceval at the phone number 3077127 (in Bogotá) or 018000111901 (for the rest of the country). It is recommended that prior to the meeting, the shareholders’ representatives file their proxies at Deceval’s offices located in Calle 24 No. 59-42, Tower 3, 6th floor, Bogotá D.C.

 

Luis Carlos Sarmiento Gutiérrez

President - Grupo Aval Acciones y Valores S.A.  

February 28th, 2018”

 

2.

The following will be the proposed distribution of the profits obtained during the twelve month period comprised between April, 2018 and March, 2019, to be considered at such Ordinary General Shareholders Meeting:

 

GRUPO AVAL ACCIONES Y VALORES S.A.  

PROPOSED DISTRIBUTION OF PROFITS

FOR THE PERIOD BEGINNING ON JANUARY 1st AND ENDING ON DECEMBER 31st, 2017  

GENERAL MEETING OF SHAREHOLDERS

 

Net Income			2,001,177,878,368.99
With tax benefit		2,001,177,878,368.99
Without tax benefit		0.00
Plus:
Occasional reserve release at the disposal of the General Meeting of shareholders			5,333,761,499,614.71
With tax benefit		3,276,142,684,872.74
Without tax benefit		2,057,618,814,741.97
Total Income available for disposal of the General meeting of Shareholders			7,334,939,377,983.70
To distribute a cash dividend of $ 4.00 per share per month from April, 2018 to March, 2019, including those two months, over 22,281,017,159 outstanding shares as of the date of this meeting.			1,069,488,823,632.00
With benefit		1,069,488,823,632.00
Note: Dividends shall be paid within the first ten (10) days of each month according to applicable regulations. In accordance with article 2.23.1.1.4 of Decree 2555 of 2010 (modified by Decree 4766 of 2011) and the regulations of the Colombian Stock Exchange, dividends for the month of April 2018, will be paid from the fourth trading day following the date in which the General Meeting of Shareholders approves the distribution of profits, which is from April 2. In this month, dividends will be paid until April 11.
Occasional reserve at the disposal of General Meeting of Shareholders			6,265,450,554,351.70
Total with tax benefit
Year 2017 -with tax benefit:	2,001,177,878,368.99
Accumulated - with tax benefit	2,206,653,861,240.74	4,207,831,739,609.73
Total without tax benefit
Year 2017 - without tax benefit	0
Accumulated - without tax benefit	2,057,618,814,741.97	2,057,618,814,741.97
TOTAL			7,334,939,377,983.70

* Since year 2017, profits are taxable and subject to a withholding tax (except for domestic legal entities) according to articles 242, 245, 246, 342 and 343 of the Tax Statute (Law 1819 of 2016)

   

 

SIGNATURE

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Date: March 1, 2018

 

			GRUPO AVAL ACCIONES Y VALORES S.A.
			By:	/s/ Jorge Adrián Rincón Plata
				Name:	Jorge Adrián Rincón Plata
				Title:	Chief Legal Counsel