Report of Foreign Issuer (6-k)
28 March 2018 - 9:03PM
Edgar (US Regulatory)
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 2018
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:
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)(7):
GRUPO
AVAL ACCIONES Y VALORES S.A.
TABLE
OF CONTENTS
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ITEM
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1.
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Report of Relevant Information dated March 27, 2018
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2.
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Resolutions adopted by the General Shareholders Meeting held on March 23, 2018
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Item 1
RELEVANT
INFORMATION
Grupo
Aval Acciones y Valores S.A. (“Grupo Aval”) informs that on March 21, 2018, the Board of Directors approved an amendment
to the accounting policies of the company, with respect to the rules applicable to the preparation of Grupo Aval’s consolidated
financial statements in Colombia.
As
a result of the mentioned approval, as of January 1, 2018, Grupo Aval will prepare its consolidated financial statements according
to International Financial Reporting Standards (“IFRS”) issued by International Accounting Standards Board (“IASB”).
Grupo Aval currently applies these rules in the preparation of the consolidated financial statements reported to investors abroad.
This
decision, allows the standardization of information reported to local and international investors under the same accounting rules.
The amendment of policies also considers that with the implementation of IFRS 9 in Colombia, as of January 1, 2018, the principal
differences between accounting policies applied for local purposes and rules issued by IASB, will disappear. Consequently, such
modification will not have relevant effects in Grupo Aval’s financial statements.
Item 2
Grupo
Aval Acciones y Valores S.A. (“Grupo Aval”) informs that the ordinary session of the General Shareholders Meeting,
held on March 23, 2018, has:
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1.
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Approved
the company’s financial statements, management report and other attachments, for
the year ended on December 31, 2017. It further approved the following proposed distribution
of profits:
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GRUPO
AVAL ACCIONES Y VALORES S.A.
APPROVED
DISTRIBUTION OF PROFITS
FOR
THE PERIOD BEGINNING ON JANUARY 1st AND ENDING ON DECEMBER 31st, 2017
GENERAL
MEETING OF SHAREHOLDERS
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Net Income
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2,001,177,878,368.99*
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With tax benefit
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2,001,177,878,368.99
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Without tax benefit
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0.00
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Plus:
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Occasional reserve release at the disposal of the General Meeting of shareholders
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5,333,761,499,614.71
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With tax benefit
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3,276,142,684,872.74
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Without tax benefit
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2,057,618,814,741.97
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Total Income available for disposal of the General meeting of Shareholders
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7,334,939,377,983.70
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To distribute a cash dividend of $ 4.00 per share per month
from April, 2018 to March, 2019, including
those
two months, over 22,281,017,159 outstanding shares as of the date of this meeting.
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1,069,488,823,632.00
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With benefit
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1,069,488,823,632.00
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These dividends were taken from profits of year 2016 and previous years, consequently they may be distributed with benefit to shareholders.
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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 2018, 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 2. In this month, dividends will be paid until April 11.
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Occasional reserve at the disposal of General Meeting of Shareholders
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6,265,450,554,351.70
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Total with tax benefit
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Year 2017 -with tax benefit:
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2,001,177,878,368.99
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Acumulated - with tax benefit
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2,206,653,861,240.74
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4,207,831,739,609.73
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Total without tax benefit
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Year 2017 - without tax benefit
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0
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Acumulated - without tax benefit
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2,057,618,814,741.97
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2,057,618,814,741.97
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TOTAL
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7,334,939,377,983.70
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*
Since year 2017, distributed dividends regarding profits of year 2017 and subsecuent years, will be taxable and subject to witholding
tax, according to articles 242, 245, 246, 342 and 343 of the Colombian Tax Code (Law 1819 of 2016). With respect to distributed
dividends from profits prior to year 2017, they will be taxable and subject to witholding tax if they are distributed from the
reserves without benefit to shareholders.
Item 2
2.
Elected, as members of the Board of Directors, for the period beginning in April 1, 2018 and ending on March 31, 2019, the following
individuals:
BOARD
OF DIRECTORS - GRUPO AVAL ACCIONES Y VALORES S.A.
2018
- 2019:
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PRINCIPAL
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ALTERNATE
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Luis
Carlos Sarmiento Angulo
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Mauricio
Cárdenas Müller
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Alejandro
Figueroa Jaramillo
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Juan
María Robledo Uribe
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Efraín
Otero Álvarez
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Juan
Camilo Ángel Mejía
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Álvaro
Velásquez Cock
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Ana
María Cuellar de Jaramillo
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Fabio
Castellanos Ordoñez
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Luis
Fernando López Roca
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German
Michelsen Cuellar
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Gabriel
Mesa Zuleta
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Esther
América Paz Montoya
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Germán
Villamil Pardo
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3.
Re-elected KPMG Ltda. as External Auditor of the company. KPMG Ltda. will appoint the individuals that will act as principal and
alternate External Auditor of the Company, on behalf of such firm.
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 2018 and ending on March 2019
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Ex-dividend
Dates - April 2018 to March 2019(*)
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Month
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Initial
ex-dividend date
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Final
ex-dividend date
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April,
2018
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03.26.2018
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04.02.2018
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May,
2018
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04.25.2018
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05.02.2018
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June,
2018
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05.28.2018
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06.01.2018
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July,
2018
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06.26.2018
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07.03.2018
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August,
2018
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07.26.2018
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08.01.2018
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September,
2018
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08.28.2018
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09.03.2018
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October,
2018
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09.25.2018
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10.01.2018
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November,
2018
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10.26.2018
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11.01.2018
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December,
208
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11.27.2018
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12.03.2018
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January,
2019
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12.26.2018
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01.02.2019
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February,
2019
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01.28.2019
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02.01.2019
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March,
2019
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02.25.2019
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03.01.2019
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(*) 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: March
27, 2018
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GRUPO AVAL ACCIONES Y VALORES S.A.
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By:
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/s/ Jorge Adrián
Rincón Plata
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Name:
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Jorge Adrián Rincón Plata
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Title:
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Chief Legal Counsel
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