EEB’S General Shareholders Assembly approved the release of reserves amounting to COP$458,851 million
06 July 2015
- During the session, it also authorized an extraordinary dividend of COP$49.9774 per share, which will be paid out to minority shareholders in one installment next year.
Bogotá, D.C. 6th July 2015. The General Shareholders’ Assembly of Empresa de Energía de Bogotá (EEB), parent company of Grupo Energía de Bogotá, approved on Monday a project to release occasional reserves for COP$458,851 million.
Likewise, it decreed an extraordinary dividend of COP$49.9774 per outstanding shares. Payment to minority shareholders will be made in one installment on five (5) July 2016.
Meanwhile, the District of Bogotá, holding a stake of 76.28% in the Corporation, will be paid the dividend as of 2017 in 10 annual installments. The city of Bogotá will receive a total of COP$350,000 million.
As expressed by Mr. Ricardo Roa Barragán, EEB’s CEO: “We are pleased to be able to support the District of Bogotá with resources leading to development of the First Metro Line”.
About Grupo Energía de Bogotá
Grupo Energia de Bogota is the leading corporation in the Colombian power sector. Through EEB it transports electricity to the most significant markets in terms of demand and size in the country and participates in the distribution of electricity. It controls nine affiliate companies and directly performs the activity of electricity transportation in Colombia, in a market with the highest demand in the country. In the electricity chain in Colombia, it participates in the distribution of electricity via Empresa de Energía de Cundinamarca – EEC. In addition, it controls the largest natural gas carrier in Colombia, TGI S.A with a stake of 47.6% within the market, including an extension of 2957 Kms in gas pipelines services highly populated areas in Colombia such as Bogota, Medellin, Bucaramanga de Coffee Region and Llanos Foothills. In Peru, its company CONTUGAS has a 30-year concession for the transportation and distribution of natural gas in the Ica Department, likewise with its company CALIDDA distributes natural gas in the regions of Lima and Callao. In that same country, together with ISA, it holds stocks in REP S.A. and TRANSMANTARO S.A., which operate 63% of the electricity transmission system in Peru. In 2010, it established TRECSA - Transportadora de Centroamérica S.A.- in charge of building the most important infrastructure Project in Guatemala and will render electricity transmission services as of 2014. Furthermore, GEB holds an investment portfolio in important companies in the electric power sector, in which the following stand out, CODENSA S.A., EMGESA S.A., GAS NATURAL S.A., PROMIGAS S.A. and Electrificadora del Meta - EMSA and to a lesser extent ISA and ISAGEN. As of 2013, the Group renders advisory and engineering services in Guatemala and Peru through its affiliate EEB Ingeniería y Servicios. Also, in 2014 it created the company Empresa de Movilidad de Bogotá SAS E.S.P., affiliate company dedicated exclusively to developing electric power mobility projects.