Exhibit 99.1
Grupo Financiero Galicia S.A.
CUIT: 30-70496280-7
Buenos Aires
March 9, 2018
To: Comisión Nacional de Valores (Argentine National Securities Commission)
Re: Material Event
To whom it may concern,
We are writing to inform you that, on March 8th, 2018, the Board of Directors of Grupo Financiero Galicia S.A. (the “Company”) approved the following proposal for the allocation of profits from the 2017 fiscal year:
Argentine pesos | ||||
Cash Dividends(1) | 1.200.000.000,00 | |||
Legal Reserve | 25,300,000,00 | |||
Discretionary Reserve | 7.104.168.725,42 |
(1) | 84.1063762% over 1.426.764.597 of common class A and B shares, par value Ps.1 each. |
If the proposal is approved, the shareholders´ equity of the Company as of December 31, 2017 will be comprised as set forth below, in accordance with current regulations:
Argentine pesos | ||||
Capital Stock | 1.426.764.597 | |||
Capital Adjustment | 278.130.755,47 | |||
Premium for Trading of Shares in Own Portfolio | 605.682,08 | |||
Additional paid in Capital | 10.950.526.452,97 | |||
Profit Reserves | ||||
Legal Reserve | 340.979.070,49 | |||
Discretionary Reserve | 25.103.197.740,77 | |||
Statutory Reserve | 32,54 | |||
Total Shareholders’ Equity | 38.100.204.331,32 |
The Board of Directors will not make any proposals in relation to the capitalization of monetary adjustments.
Yours faithfully,
A. Enrique Pedemonte
Attorney in fact
Grupo Financiero Galicia S.A.
This document constitutes an unofficial translation into English of the original document in Spanish,
which document shall govern in all respects, including with respect to any matters of interpretation.