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Bancolombia Announces Public Offer of up to 64 Million Preferred Shares Without Voting Rights

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MEDELLIN, Colombia, Jan. 5, 2012 /PRNewswire/ --

  • The shares will be offered in the local market (the "local market"), exclusively to the present shareholders of Bancolombia S.A.

  • The unsubscribed balance of preferred shares will be offered exclusively outside of Colombia in the form of American Depositary Shares (ADS).

Pursuant to the approval of the Superintendency of Finance of Colombia, on January 6, 2012, Bancolombia (The Bank) will commence a public offering in the local market of up to 64 million preferred shares without voting rights, which will be initially offered exclusively to the Bank's present shareholders.

The offer in the local market will have a subscription period of 15 business days, commencing on January 6, 2012 (the day of the public offering announcement) and expiring on January 27, 2012.

The price set by the Board of Directors is COP 26,000 per non-voting preferred shares.

The non-voting preferred shares are registered in the "Registro Nacional de Valores y Emisores" (RNVE) and in the "Bolsa de Valores de Colombia" (BVC). Valores Bancolombia, Corredores Asociados, Correval, Interbolsa y Bolsa & Renta were designated as joint-bookrunners.

After the end of the subscription period, the unsubscribed balance of preferred shares without voting rights will be offered exclusively outside of Colombia in the form of ADSs, level III, which are listed on the NYSE. UBS Securities LLC has been designated as Global Agent, and UBS Securities LLC, BofA Merrill Lynch and J.P. Morgan Securities LLC have been designated as joint-bookrunners.

The proceeds from the offering will be used for general corporate purposes of Bancolombia, including lending and financing its clients, as well as to consolidate the capital adequacy that will allow the business growth according with international standards.

The terms of the offering, including the prospectus and additional relevant information in connection with the offering may be found at:

http://www.grupobancolombia.com/investorRelations/informacionEmpresarial/investorRelations/StockIssuance2012/StockIssuance2012.asp

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

Contacts



Sergio Restrepo

Jaime A. Velasquez

Alejandro Mejia

Capital Markets VP

Corporate Development VP (I)

IR Manager

Tel.: (574) 4041424

Tel.: (574) 4042199

Tel.: (574) 4041837



SOURCE Bancolombia, S.A.



RELATED LINKS
http://www.bancolombia.com

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