Pursuant to these measures, the management of Grupo Cibest will need to implement the following procedures to
ensure a fair treatment of the shareholders:
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To encourage the delegation of powers of attorney in compliance with legal requirements in the Extraordinary
General Shareholders’ Meeting, Grupo Cibest will make available on its website templates of these legal documents that can be downloaded and completed by any shareholder. |
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Shareholders will have full discretion to appoint their proxy holders. |
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Management will not suggest or coordinate with any of the shareholders to vote in favor or against any proposal
that is presented in the Extraordinary General Shareholders’ Meeting. |
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Grupo Cibest will make a team available at the Extraordinary General Shareholders’ Meeting to confirm
compliance of the powers of attorneys conferred by the shareholders with legal requirements and that the proxy holders are not included in the database of employees. |
Management and employees, while in the exercise of their duties, may not exercise their powers to represent shares other than their own in shareholders’
meetings, nor substitute the powers granted to them. This prohibition does not apply to legal representation. Management and employees may also not vote, even with their own shares, on the matters related to approving end of the year or liquidation
balance sheets and accounts.
The management also requests that the following employees be appointed as those responsible for implementing and verifying
compliance with the control procedures:
GRUPO CIBEST
Legal Vice President and General Secretary
Legal Director of Company and Corporate Affairs
FIDUCIARIA BANCOLOMBIA
Trust Business Administration Manager
Head of Fiduciary Business Administration Section Medellín
Fiduciary Business Administration Section Analysts Medellín
These employees must check that the powers of attorney granted by the shareholders comply with the requirements of article 184 of the Code of Commerce and
with the guidelines of the Board of Directors. Powers of attorney that are not in compliance with the provisions herein will not be accepted.
These
measures are published on the website of Grupo Cibest.
Forward looking statements
This release contains statements that may constitute “forward-looking statements.” These forward-looking statements are not based on historical facts
but rather represent our beliefs regarding future events, many of which, by their nature, are inherently uncertain and beyond our control. Words such as “anticipate,” “believe,” “estimate,” “approximate,”
“expect,” “may,” “intend,” “plan,” “predict,” “target,” “forecast,” “guideline,” “should,” “project,” and similar words and expressions are intended
to identify forward-looking statements. Actual results may differ, possibly materially, from the anticipated results indicated in these forward-looking statements. Forward-looking statements speak only as of the date they are made, and no obligation
is assumed to publicly update or revise any forward-looking statement after the date it is made in light of new information, future events, and other factors.
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