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 April 2019
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 held on March 29, 2019 |
Item 1
Grupo Aval Acciones y Valores S.A. (the “Company”) informs that the ordinary session of the General Shareholders Meeting, held on March 29, 2019, has:
| 1. | Approved the Company’s financial statements, management report and other attachments, for the year ended on December 31, 2018. It further approved the following proposed distribution of profits: |
GRUPO AVAL ACCIONES Y VALORES S.A.
APPROVED DISTRIBUTION OF PROFITS
FOR THE PERIOD BEGINNING ON JANUARY 1st AND ENDING ON DECEMBER 31st, 2018
GENERAL MEETING OF SHAREHOLDERS
| Net Income | 2,887,748,889,767.88 | * | ||
| With tax benefit | 1,570,573,265,590.88 | |||
| Without tax benefit | 1,317,175,624,177.00 | |||
| Plus: | ||||
| Occasional reserve release at the disposal of the General Meeting of Shareholders | 6,265,450,554,351.70 | |||
| Year 2016 and previous years | 4,264,272,675,982.71 | |||
| With tax benefit | 2,206,653,861,240.74 | |||
| Without tax benefit | 2,057,618,814,741.97 | |||
| Year 2017 | 2,001,177,878,368.99 | |||
| With tax benefit | 1,136,895,150,501.19 | |||
| Without tax benefit | 864,282,727,867.80 | |||
| Total Income available for disposal of the General Meeting of Shareholders | 9,153,199,444,119.58 | |||
| To distribute a cash dividend of $ 5.00 per share per month from April, 2019 to March, 2020, includingthosetwo months, over 22,281,017,159 outstanding shares as of the date of this meeting. | 1,336,861,029,540.00 | |||
| With benefit: These dividends will be taken from profits of year 2016 and previous years, eligible to be distributed with tax benefit to shareholders | 1,336,861,029,540.00 | |||
| 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 2019, 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 4. In this month, dividends will be paid until April 13. | ||||
| Occasional reserve at the disposal of General Meeting of Shareholders | 7,816,338,414,579.58 | |||
| Total with tax benefit | 3,577,261,247,792.81 | |||
| Year 2018 | 1,570,573,265,590.88 | |||
| Year 2017 | 1,136,895,150,501.19 | |||
| Year 2016 and previous years | 869,792,831,700.74 | |||
| Total without tax benefit | 4,239,077,166,786.77 | |||
| Year 2018 | 1,317,175,624,177.00 | |||
| Year 2017 | 864,282,727,867.80 | |||
| Year 2016 and previous years | 2,057,618,814,741.97 | |||
| TOTAL | 9,153,199,444,119.58 | |||
* Dividends distributed under profits of year 2017 and subsequent years will be taxed and subject to a withholding tax, in accordance with Law 1819 of 2016 and Law 1943 of 2018.
Dividends distributed under profits of year 2016 and previous years, will be taxed and subject to a withholding if they are distributed from the reserves without tax benefit to shareholders.
1
| 2. | Elected as members of the Board of Directors for the period beginning on April 1, 2019 and ending on March 31, 2020, the following individuals: |
BOARD OF DIRECTORS - GRUPO AVAL ACCIONES Y VALORES S.A.
2019 - 2020:
| PRINCIPAL | ALTERNATE |
| Luis Carlos Sarmiento Angulo | Mauricio Cárdenas Müller |
| Alejandro Figueroa Jaramillo | Juan María Robledo Uribe |
| María Lorena Gutiérrez Botero | Juan Camilo Ángel Mejía |
| Álvaro Velásquez Cock | Ana María Cuellar de Jaramillo |
| Fabio Castellanos Ordoñez (*) | Luis Fernando López Roca (*) |
| Miguel Largacha Martínez | César Prado Villegas |
| Esther América Paz Montoya (*) | Germán Villamil Pardo (*) |
*Independent members
| 3. | Re-elected KPMG as External Auditor of the Company. KPMG will appoint the individuals that will act as principal and alternate External Auditor of the Company, on behalf of such firm. |
| 4. | In addition to the aforementioned decisions, the Company informs that the following will be the ex-dividend dates applicable to the period beginning on April 2019 and ending on March 2020 |
| Ex-dividend Dates - April 2019 to March 2020(*) | ||
| Month | Initial ex-dividend date | Final ex-dividend date |
| April, 2019 | 04.01.2019 | 04.04.2019 |
| May, 2019 | 04.25.2019 | 05.02.2019 |
| June, 2019 | 05.28.2018 | 06.04.2019 |
| July, 2019 | 06.25.2019 | 07.02.2019 |
| August, 2019 | 07.26.2019 | 08.01.2019 |
| September, 2019 | 08.27.2019 | 09.02.2019 |
| October, 2019 | 09.25.2019 | 10.01.2019 |
| November, 2019 | 10.28.2019 | 11.01.2019 |
| December, 2019 | 11.26.2019 | 12.02.2019 |
| January, 2020 | 12.26.2019 | 01.02.2020 |
| February, 2020 | 01.28.2020 | 02.03.2020 |
| March, 2020 | 02.25.2020 | 03.02.2020 |
(*) Ex-Dividend dates may vary subject to any determination of the Colombian Stock Exchange with respect to the business days for trading purposes.
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: April 1, 2019
| GRUPO AVAL ACCIONES Y VALORES S.A. | ||||||
| By: | /s/ Jorge Adrián Rincón Plata | |||||
| Name: | Jorge Adrián Rincón Plata | |||||
| Title: | Chief Legal Counsel | |||||