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, 2016

 

Comission File Number 001-32535

 

Bancolombia S.A.

(Translation of registrant’s name into English)

 

Cra. 48 # 26-85
Medellín, Colombia
(Address of principal executive offices)

 

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 þ                    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):___

 

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(2):___

 

Indicate by check mark whether the registrant by furnishing the information contained in this form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ¨                    No þ

 

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82-                    .

  

 

  

 

BANCOLOMBIA S.A ANNOUNCES PROFIT DISTRIBUTION PROPOSAL AND RESERVES

 

Medellin, Colombia, March 3, 2016

 

The table below summarizes the profit distribution proposal that the Board of Directors of Bancolombia S.A. will submit to the General Shareholders’ Meeting, to be held on March 16, 2016.

 

In Colombian Pesos - COP

Gross income 2015			2,700,499,959,862.70
Provisions for income tax			237,722,012,109.11
Net Profit 2015 Fiscal Year							2,462,777,947,753.59
Equity method for the year 2015							1,111,739,346,693.97
Profit before equity method							1,351,038,601,059.62
Plus retained earnings recorded in the opening balance sheet and carried over from fiscal years 2014 and 2015							55,426,961,893.99
Plus release of 2014 fiscal year reserves-Decreto 2336 de 1995							377,470,533,066
Plus release of non-taxable legal reserves from previous fiscal years							664,091,803,018.96
Plus release of provisions for the payment of preferred shares dividends							57,701,443,512
Total To be Paid Out							3,617,468,689,244.57
Minus legal reserve for 2015 fiscal year - Decreto 2336 de 1995			421,730,330,357.39
Minus 2016 wealth tax			123,003,856,000.00
Minus retained earnings recorded in the opening balance sheet and carried over from 2014 and 2015 fiscal years			55,426,961,893.99
Minus provision for legal reserve for 2015 fiscal year profits			2,163,089,745,753.19
For the payment of a dividend in respect of 509,704,584 common shares and 452,122,416 preferred shares, subscribed and paid as of December 31, 2015, in the amount of COP $888.12 per share, to be paid as follows: $222.03 per share and per quarter on April 1 2016, July 1, 2016, October 3, 2016 and January 2, 2017.			854,217,795,240.00
TOTALS			3,617,468,689,244.57				3,617,468,689,244.57

 

Contacts
Jaime A. Velásquez	Jose Humberto Acosta	Alejandro Mejía
Strategy and Finance VP	Financial VP	IR Manager
Tel.: (574) 4042199	Tel: (571) 4885934	Tel.: (574) 4041837

 

 

 

Each ex-dividend period will be the period beginning 4 trading days before each payment date through such payment date, as follows:

 

Ex dividend date		Payment date
March 28, 2016		April 1, 2016
June 27, 2016		July 1, 2016
September 27, 2016		October 3, 2016
December 27, 2016		January 2, 2017

 

Contacts
Jaime A. Velásquez	Jose Humberto Acosta	Alejandro Mejía
Strategy and Finance VP	Financial VP	IR Manager
Tel.: (574) 4042199	Tel: (571) 4885934	Tel.: (574) 4041837

 

 

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.

 

		BANCOLOMBIA S.A.
		(Registrant)
Date:  March 3, 2016	By:	/s/  JAIME ALBERTO VELÁSQUEZ B.
		Name:	Jaime Alberto Velásquez B.
		Title:	Vice President of Strategy and Finance