RELEVANT INFORMATION

On January 31, 2017, a ruling was issued under the Arbitration Process of ISAGEN against LIBERTY SEGUROS S.A. and AXA COLPATRIA

  1. ., insurers of the performance bond Policy for the contract entered into with ISAGEN and Consorcio GS2020 (CI GRODCO S. en CA - SANDO S.A.). The Ruling, which was favorable to ISAGEN' pretensions, stated the following:

  2. Occurrence of casualties relative toroper Management and Compliance during the valid term of the policy; hence, failure to comply with the insurance contract by the insurance companies was declared on non-payment of indemnity.

  3. The insurance company was compelled to pay ISAGEN the following sums:

  4. $7,907,426,911 on account of indemnity for affecting the compliance coverage (equity) and $5,067,565,732 on account of interest in arrears from September 5, 2014 to January 31, 2017.

  5. $838,173,497 on account of indemnity for affecting the proper management of advance payment (equity) and

    $5,067,565,732 on account of interest in arrears from September 5, 2014 to January 31, 2017.

  6. $620,852,000 on account of costs, expenses and agencies by law.

These payments are to be completed within 10 business

days following the execution of the ruling.

Isagen SA ESP published this content on 01 February 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 02 February 2017 18:09:08 UTC.

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