Bogotá D.C., September 29, 2020. Pei’s investors elected Fiduciaria Colombiana de Comercio Exterior S.A. (Fiducoldex) as their Legal Representative, during Pei’s Second Call Investors Ordinary General Assembly of 2020.
The results of the election, which according to the equity securities (TEIS) issuance prospectus required a vote exceeding 40% of the TEIS outstanding, reported votes in favor of Fiducoldex for 70.53% of the securities outstanding.
Fiducoldex is a financial services company with over 27 years of experience. It was incorporated in 1992 as a mixed economy company belonging to the Bancoldex Group. It also has extensive experience managing Private Equity Funds and administering securities issuances.
The new Legal Representative for TEIS Investors replaces Fiduciaria Colmena in this role, which it held for 13 years; Pei Asset Management, the vehicle’s manager, thanked the firm for its support and commitment.
The Investors’ Legal Representative plays a very important role in Pei’s corporate governance, as it has a voice and vote on the Advisory Committee, manages the process of calling and holding Investor Assemblies, and provides a clear, expeditious channel for the growing base of investors to communicate, express, and represent their common interests.
Jairo Corrales, president of Pei Asset Management, said: “This election by the Investors Assembly is key for the vehicle’s Corporate Governance to continue positioning itself as one of its main strengths in the market and to keep strengthening investors’ closeness with and trust in the vehicle.”
The Second Call Pei Investors Ordinary General Assembly of 2020 was addressed to the vehicle’s 4,500 investors. A 76.67% quorum of outstanding securities was reached during the session.
Jimena Maya, Investor Relations Manager, said: “We thank investors for their attendance at this Assembly, held in a format designed to allow everyone to participate quickly, comfortably, and safely. We will continue to foster spaces for interaction and joint decision-making with our investors. Starting now, Fiduciaria Colmena will hand over to Fiducoldex to ensure continuity in this role and continue meeting investors’ needs.”