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 1933
For the month of February 2004
BANCOLOMBIA S.A.
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(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
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(Address of principal executive offices)
(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
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(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
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(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82-______________.)
This Report on Form 6-K shall be incorporated by reference into the
registrant's registration statement on Form F-3 (File No. 333-12658).
SIGNATURE
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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.
BANCOLOMBIA S.A.
(Registrant)
Date: February 27, 2004 By /s/ JAIME ALBERTO VELASQUEZ B.
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Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
[BANCOLUMBIA LOGO]
BANCOLOMBIA'S GENERAL SHAREHOLDERS MEETING APPROVED
PAYMENT OF A PS$272 PER SHARE DIVIDEND PAYABLE QUARTERLY
AND OTHER DECISIONS
February 26, 2004. Medellin, Colombia. BANCOLOMBIA S.A. (NYSE: CIB)
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The General Shareholders Meeting of BANCOLOMBIA held on February 26, 2004, in
Medellin, approved the proposal made by the Board of Directors to distribute
profits.
Net Income (Unconsolidated) Ps 309,771,611,553.06
Amount to withdraw from the last fiscal year's
Reserve Fund for future distribution of dividends
PS 81,598,380,114.24
For the legal Reserve Fund Ps 30,977,161,155.31
Reserve ordered by Edict 2336 of 1995, resulting
from the valuation of investments at market prices Ps 30,507,584,875.91
In order to pay a dividend to 398,259,608 ordinary
shares and 178,435,787 shares with preferential
dividends and no voting rights, underwritten and
paid through December 31, 2003, of PS$272/share,
payable at PS$68/share per quarter from the first
working day of each calendar quarter of the year
(April 1st, July 1st,October 1st 2004 and January
3rd 2005). Ps 156,861,147,440.00
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Net Position for the Period Ps 91,425,718,081.84
Available to the General Shareholders
Assembly for future distributions Ps 173,024,098,196.08
The following proposals were also approved at this General Shareholders Meeting:
- Appointment of Deloitte & Touche Ltda. as external auditors (REVISOR
FISCAL) for the period 2004 through 2006.
- Appointment of the following individuals as members of the Board of
Directors of BANCOLOMBIA:
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CONTACTS
JAIME A. VELASQUEZ MARIA A. VILLA WWW.BANCOLOMBIA.COM
FINANCIAL VP IR MANAGER FAX: (574) 2307208
TEL.: (574) 5108666 TEL.: (574) 5108866
[BANCOLUMBIA LOGO]
DIRECTORS ALTERNATE DIRECTORS
Juan Camilo Ochoa Restrepo Luis Mariano Sanin Echeverri
Carlos E. Piedrahita Arocha Luis Alberto Zuleta Jaramillo
Jose Alberto Velez Cadavid German Botero Arango
Gonzalo Alberto Perez Rojas Federico Echavarria Restrepo
Ricardo Sierra Moreno Maria Angelica Arbelaez Restrepo
- Amendment of by-laws providing for the position of Alternate Client
Defender and establishing that either the President or the Vice
President and Secretary shall sign the minutes of the Board of
Directors' meetings.
- Appointment according to Colombian regulations of Luis Javier
Lopera as BANCOLOMBIA's Client Defender (DEFENSOR DEL CLIENTE)
and Rodrigo Palacio as Alternate Client Defender.
- Approval of BANCOLOMBIA's individual and consolidated financial
statements as of December 31, 2003 and the corresponding notes to
financial statements.
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CONTACTS
JAIME A. VELASQUEZ MARIA A. VILLA WWW.BANCOLOMBIA.COM
FINANCIAL VP IR MANAGER FAX: (574) 2307208
TEL.: (574) 5108666 TEL.: (574) 5108866