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, 2010.
Comission
File Number 001-32535
Bancolombia S.A.
(Translation
of registrant’s name into English)
Cra. 48 #
26-85
Medellín,
Colombia
(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
þ Form 40-F
o
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)(2):___
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 o No
þ
If “Yes”
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82- .
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BANCOLOMBIA
S.A. ANNOUNCES APPROVAL BY THE GENERAL SHAREHOLDERS MEETING OF DISTRIBUTION OF
2009 PROFITS
Medellín, Colombia, March 1, 2010
Today, at
the annual general shareholders meeting of Bancolombia S.A. (“Bancolombia”), the
shareholders of Bancolombia approved (i) the financial statements for the year
ended December 31, 2009, along with the accompanying notes and management
discussion and (ii) the proposed distribution of profits presented by the board
of directors, pursuant to which a dividend of Ps. 636.80 per share was declared.
The dividend will be paid as follows: Ps. 159.20 per share every calendar
quarter on the first business day of each such calendar (April 5th, July 1st,
and October 1st 2010, and January 3rd, 2011).
This
dividend represents an increase of 2.05% compared to the dividends paid in 2009
and 91.80% of the amount to be paid as dividends will be tax free to the
shareholders under Colombian regulations.
The
shareholders also approved an increase in legal reserves of Ps. 411,646
million.
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.
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BANCOLOMBIA
S.A.
(Registrant)
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Date: March
1, 2010
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By:
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/s/ JAIME ALBERTO VELÁSQUEZ
B.
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Name:
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Jaime
Alberto Velásquez B.
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Title:
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Vice
President of Finance
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