Grupo Supervielle S.A. Approves Dividend for the Year Ended on December 31, 2020, Payable on May 14, 2021
April 30, 2021 at 09:17 am EDT
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Grupo Supervielle S.A. (‘Supervielle’ or the ‘Company’) announced that, in accordance with the resolution of the Annual Ordinary and Extraordinary Shareholders Meeting held on April 27, 2021 and the release of the voluntary reserve established for the future distribution of dividends approved by the Board of Directors on April 29, 2021, and in accordance with the provisions of General Resolution No. 777/18 of the Argentine Securities Commission which states that ‘the distribution of profits must be treated in the currency of the date of the shareholders’ meeting by using the price index corresponding to the month prior to the meeting’, a cash dividends of ARS 385,169,488.60 will be distributed and paid starting on May 14, 2021, to existing Shareholders as of the record date set on May 13, 2021 (the ¨Record Date¨). The amount to be distributed is equivalent to 84.333405670% of the outstanding capital and the nominal value of its representative shares or ARS 0.84333405670 per outstanding share or ARS 4.21667028350 per ADS. The total amount of dividends to be distributed corresponds to earnings for the year ended on December 31, 2020.
Grupo Supervielle S.A. is an Argentina-based universal financial services group. The Company offers retail and corporate banking, treasury, consumer finance, insurance, asset management and other products and services nationwide to a broad customer base including: individuals, small and medium-sized enterprises and medium to large-sized companies, among others. The Company operates through a multi-brand and multi-channel platform with a strategic national footprint.