What kind of stock does Grupo Éxito have in the market?
Almacenes Éxito S.A. has common shares listed on the Colombia Stock Exchange, as well as ADRs Level144 A in the United States (JP Morgan – Depositary bank).
What do I have to do to buy Éxito stocks?
Any person or entity interested in buying Éxito´s shares must get in contact with a stockbroker firm dully registered with the Colombia Stock Exchange. The stockbroker firm is in charge of providing the customer with all the necessary information about the purchasing process and the business conditions and who represents the person/entity in the same process through an entailment previous process. Once the stockbroker buys the chosen shares, the person/entity receives a receipt issued by the Colombia Stock Exchange to guarantee the acquired obligations.
What is a stock brokerage firm?
It is an entity legally authorized to purchase and sale of securities that are issued on a stock exchange. It can conduct business on behalf of third parties, where the trader is in charge of making transactions between buyers and sellers of securities in exchange for a fee charged for this service. In Colombia, the stock brokerage firms are members of the Colombia Stock Exchange and are supervised by the Colombian Financial Superintendence.
Is it possible to buy through any stock brokerage company?
Yes, each potential investor can choose the stock brokerage within the list published in the Colombia Stock Exchange.
What is the profitability of investing in ÉXITO shares?
The return obtained by investing in stocks or equities involves the periodic payment of dividends to shareholders and the valuations of the shares in the stock market. Dividends are approved annually by the General Shareholders Meeting and correspond to a percentage of Net Profit of the Company. The share valuation depends on the market expectations about the company's performance over a period of time or movements and fluctuations of supply and demand for the stock which can increase or decrease its value in a certain period of time
What is the current dividend paid to Grupo Éxito´s shareholders?
The General Shareholders´ Meeting approved at its ordinary meeting held on March 23, 2023‚ to distribute as dividends two hundred seventeen thousand three hundred ninety-two million two hundred eighty thousand one hundred thirty-two pesos ($217,392,280,132). The total amount decreed corresponds to an annual dividend of $167,50 per share.
The decreed dividend will be paid in one installment on March 30, 2023
The dividend is not subject to income tax or dividend tax for shareholders who are not tax residents in Colombia, in contrast, dividends are subject to income tax and dividend tax at the corresponding rate for national shareholders registered as legal or natural persons.
What does the ex-dividend period mean and when is it for ÉXITO shares?
In accordance with the provisions of Decree 4766 of 2011 and the General Regulations of the Stock Exchange, the stock negotiations that take place between the first day of dividends payment and the four trading days prior to that date do not include the right to receive dividends (ex–dividend period).
In line with the dates for the dividend payment, the ex–dividend period will correspond to March 24 of 2023.
How do I update my data and register the account for the payment of
In order to update the data in the Issuer's Shareholders' Book and/or register an account for the payment of dividends, please fill in the F-ME-GQ-324 Format for payment of dividends in the link: https://www.bvc.com.co/documentos-post-negociacion?tab=formatos-accionistas, with the following documents:
- Copy of the shareholder's identity document
- Bank certification that contains at least the names and surnames of the account holder, type and number of document, type and number of bank account and bank branch code not older than 90 days of issuance.
- For Legal person, attach a certificate of existence and legal representation issued by a competent entity, as well as a copy of the legal representative ID.
If the investor is under-age:
- Copy of the identity document of the representative or tutor.
- Authentic, or authenticated, or simple copy with the declaration of having been taken from the original of the Civil Registry of Birth of the under-age with complementary number.
- Copy of identity card if older than 7 years.
Please note that the format must have recognition of signature, fingerprint and content before a Public Notary.
This documentation must be filed at any of Deceval offices located at:
✔ Bogotá: Carrera 7 #71-21 Torre B, 12th floor from Monday to Friday from 9:00 a.m. to 1:00 p.m. and from 2:00 p.m. to 4:00 p.m.
✔ Medellín: Carrera 43 A 1 – 50 tower 3 office- 301 San Fernando Plaza on Tuesdays from 8:00 a.m. to 1:00 p.m. and from 2:00 p.m. to 4:00 p.m.
How can I obtain the Income-Tax certificate of my shares?
As of 2019, the certificate is available on the Company's website (www.grupoexito.com.co/es/shareholdersandinvestors) to be downloaded by completing the required information.
Likewise, the shareholder can request the income certificate directly from our Stock program administrator, through the following Deceval channels:
National toll-free 01 8000 111 901
From Bogota to (601) 3077127
By an email to firstname.lastname@example.org (the request must be made by the shareholder and attach a legible copy of the ID).
How do I get the tax certificate if my shares are dematerialized in DECEVAL?
If the shares are dematerialized, the tax certificate can be requested from the Brokerage Firm managing your shares.
How do I get the tax certificate if my shares are physical shares?
Since 2019, the certificate can be downloaded from the Company´s website ( https://www.grupoexito.com.co/en/download-your-tax-certificate) completing the requested information.
As of November 15, 2022, shareholders can request the certificate through Exito´s shareholders book administrator, Deceval:
-Toll-Free line 01 8000 111 901
-Bogota at (601) 3077127
Consultations and procedures
If I have some question about ÉXITO shares, to whom I can contact?
As administrator of the Grupo Éxito´s shareholder´s book, Deceval is responsible for the comprehensive management of the shares.
Deceval-bvc shareholder service
-Toll-free line 01 8000 111 901
- Bogota at (601) 3077127
- Bogotá: Carrera 7 #71-21 Torre B, 12th floor. Monday through Friday from 9:00 a.m. to 1:00 p.m. and from 2:00 p.m. to 4:00 p.m.
-Virtual office programming through the line (601) 3077127
You can also directly contact Grupo Exito:
María Fernanda Moreno Rodríguez
Head of Investor Relations - Grupo Éxito
Tel: ) 6049696 Ext 306560 or 305546
Carrera 48 #32 B Sur - 139 - Las Vegas Avenue - Envigado, Colombia
If your concern or comment is related to Tarjeta Éxito, Fundación Éxito or a different issue for shareholders and investors, we ask you to contact customer service through:
Toll-free line: 018000 428 800
What procedure is to be followed for the replacement of securities?
In case of loss and/or misplacement of the security title(s), is not necessary to request its replacement as of November 15, 2022, due to the dematerialization process carried out by the Company.
If you need to request the certificate of shares, certificate of deposit and/or certificate of acceptance of offer, please contact Deceval:
-Toll-free line 01 8000 111 901
-From Bogota to (601) 3077127
-email@example.com (The request must be made by the shareholder and attach a legible copy of the ID).
What should I do if I have a concern regarding my Shares?
The shareholder can communicate through the following Deceval channels:
● Toll-free line 01 8000 111 901
● From Bogota to (601) 3077127
● firstname.lastname@example.org (The request must be made by the shareholder and attach a legible copy of the ID).
If you require information on behalf of a third party, you must present the power of attorney granted by the shareholder with a valid note of no more than 30 days, jointly with a legible copy of the shareholder and proxy ID.
This documentation must be filed at Deceval office located at:
✔ Bogotá: Carrera 7 #71-21 Torre B, 12th floor. Monday through Friday from 9:00 a.m. to 1:00 p.m. and from 2:00 p.m. to 4:00 p.m.
✔ Medellín: Carrera 43 A 1 – 50 tower 3 office- 301 San Fernando Plaza. On Tuesdays and Thursdays from 8:00 a.m. to 5:00 p.m. to 1:00 p.m. and from 2:00 p.m. to 4:00 p.m.
What is the procedure to be followed in order to immobilize a security, i.e. enter it in the DECEVAL depository?
Since November 15, 2022, it is not necessary to carry out or request the immobilization of the shares, considering that they are already dematerialized before Deceval.
Where can i find the financial information about Grupo Exito?
If you require financial information, you can find financial statements, operational results and strategic plans previously published to the market on a quarterly and annual base, under the following link:
Exchange of shares
What is the procedure to be followed for exchanging Cadenalco shares?
The merger between Almacenes Éxito S.A. (the “Company” or “Éxito”) and Cadenalco S.A. (“Cadenalco”) was completed at the Company´s Extraordinary Shareholders Assembly held on August 31, 2001, and through the public deed from November 9, 2001, registered on November 28, 2001. Given the above, Cadenalco´s shareholders must exchange their shares, at a factor of 1 Company´s share in exchange for 4.7 of Cadenalco´s shares.
After the dematerialization process, it is not necessary to do any procedure, because the change is automatic. Those shareholders who still have shares of Cadenalco, will automatically receive their rights in Éxito shares. If the shareholders want to sell their shares at any time, they must do so through the Stock Exchange, and the transfer of the shares will be completed by book entry in Deceval. To do this, they must be linked to a stock brokerage company.
What is the procedure to be followed for exchanging Carulla Vivero shares?
The merger between Almacenes Éxito S.A. (the “Company” or “Éxito”) and Carulla Vivero S.A. (“Carulla Vivero”) was completed at the Company´s Extraordinary Shareholders Assembly held on May 24, 2010, and through the public deed from September 2, 2010, registered on September 2, 2010. Given the above, Carulla Vivero´s shareholders must exchange their shares, at a factor of 3.6 Company´s shares in exchange for 1 Carulla Vivero´s ordinary share.
After the dematerialization process, it is not necessary to do any procedure, because the change is automatic. Those shareholders who still have shares of Carulla will automatically receive their rights in Éxito shares. If the shareholders want to sell their shares at any time, they must do so through the Stock Exchange, and the transfer of the shares will be completed by book entry in Deceval. To do this, they must be linked to a stock brokerage company.
When was the latest issuance of Éxito stock?
The most recent issuance of common shares was in September 2011 for 114.270.684 shares with a subscription price of COP21,900/share for a total amount of COP$2,5 billion.
How were the new resources used?
The Company invested USD 746 million for the acquisition of 100% of the shares of Spice Investment Mercosur SA, a holding company that owns 96.5% of Lanin SA and 62.5% of the Grupo Disco Uruguay SA, which own directly and indirectly the supermarket brands Disco and Devoto in Uruguay. The remaining proceeds have been used to accelerate the expansion strategy of the Company, the development of new commercial Real Estate projects, and internationalization of operations.
When will the Company conduct a new share issuance?
Any future resource needs will always be analyzed and if applicable a new issuance, it will be announced to the market in due course through the required and authorized by law channels.
What is a dematerialized share?
It is a share that is not physically represented in a security title, but rather is represented in a book entry held by a central securities depository, which, in this case, is Deceval, who has in custody a macro title representative of the entire inssuance. The owner of the share is the one who appears registered in the Issuer's shareholders' book with its corresponding book entry in the system managed by Deceval.
That owner does not require a security title to exercise their political and economic rights; its annotation in the register managed by Deceval is enough. Now, if that owner wants a certificate stating that it appears in the registry, Deceval will issue that certificate, upon request to the corresponding Issuer or Direct Depositor, which will give an account of the values on deposit recorded in the account in favor of the investor, and may be used for the exercise of patrimonial and/or political rights, as appropriate. These certificates are enforceable but cannot circulate or serve to transfer ownership of the securities, which can only be transferred by book entry.
Why do a dematerialization process?
The shares dematerialization brings a series of advantages to the Company and its shareholders. In addition to bringing the Company up to global stock trading standards, it facilitates the operational implementation of corporate events (such as shareholders' meetings), reduces the risk of (physical) fraud, provides security over the number of shares held by each shareholder, and facilitates the negotiation processes.
What should I do to dematerialize my shares?
The shareholder does not have to do anything to dematerialize their shares. The shares dematerialization is a process managed by the Company and coordinated by Deceval through the delivery by the Company of the duly updated shareholder registry book.
Do I have to bear costs for the dematerialization?
No. The shareholders will not assume additional costs related to the dematerialization. If the shareholders want to sell their shares, they must assume those costs that derive from the negotiation of their shares in the secondary market.
What about my rights as a shareholder?
The rights of the shareholders are not affected by the dematerialization. The shareholders will continue to have the same shares and the same rights that they had before the dematerialization.
How can I exercise political rights over the shares after the dematerialization?
Shareholders will be able to exercise their rights effectively without the need to have a physical security since their representation in meetings and some other procedures can be done with the exhibition of their identity document and without the need to present any other different support.
I have my physical shares, what should I do?
It is not necessary to do any procedure, because the change is automatic. If the shareholders want to sell their shares at any time, they must do so through the Stock Exchange, and the transfer of the shares will be completed by book entry in Deceval. To do this, they must be linked to a stock brokerage company. The foregoing means that the holders of physical shares will not be able to trade their shares and/or transfer ownership over them through mechanisms other than book entry, whose record must be updated upon request made to Deceval through its corresponding Direct Depositor or the Issuer, in the event that the latter holds said capacity or the entity designated by it.
I still have shares of Cadenalco or Carulla, what should I do?
It is not necessary to do any procedure, because the change is automatic. Those shareholders who still have shares in Cadenalco or Carulla will automatically receive their rights in Éxito shares. If the shareholders want to sell their shares at any time, they must do so through the Stock Exchange, and the transfer of the shares will be completed by book entry in Deceval. To do this, they must be linked to a stock brokerage company.
I already have a brokerage company that manages my shares, what should I do?
Shareholders who currently have a direct depositor, that is, a brokerage company with direct access to Deceval and its systems for registration purposes, will have their shares booked on the day of the dematerialization process in that same direct depositor.
What if I don't have a direct depositor?
The Issuer or whoever it designates will act as direct depositor for the shareholders who currently do not have a direct depositor.
What should I do to change my direct depositor if the depositor is the Issuer or whoever is designated by him?
The shareholder must go to the Issuer or whoever it designates and request the change from the depositor with whom the shareholder has previously been linked.
Does dematerialization affect the sale of my shares?
No, on the contrary, it facilitates it since the secondary sale of the shares can only be carried out with dematerialized shares.
Does the dematerialization of the shares imply changes regarding the treatment of my personal data?
Almacenes Éxito S.A. treats the personal data provided by the shareholder during its relationship as a shareholder, in order to comply with the legal duties that the company has towards the shareholder, generate the corresponding legal certifications, and carry out the contact and activities to guarantee the transparent flow of information that is of interest to the shareholder based on this quality, in compliance with the applicable legal regulations and in accordance with the provisions of the personal data processing policy of Almacenes Éxito S.A. Personal data may be processed by those in charge of processing for the development of the purposes described above, including the intermediary and/or centralized deposit that is in charge of managing the shares of Almacenes Éxito S.A. The data may be consulted in databases with a public vocation for risk management, and the shareholder is reminded that they can exercise their habeas data rights through the email email@example.com. The personal data processing policy of Almacenes Éxito S.A. can be consulted at www.grupoexito.com.co
What is a share split?
It is an operation to divide the nominal value of a share. When carrying out a split, the number of shares (authorized and subscribed) of a company increases and their nominal value decreases. A split generates a change in the nominal value of a share and in the number of shares, but does not modify the value of the capital or the investment that each shareholder has in the issuer.
This implies for a shareholder that the number of shares he owns increases, but his investment will remain the same.
What is the Éxito´s Split?
The split presented by Éxito consisted in modifying the nominal value per share established in article 5 of the bylaws, which decreased from $10 to $3.333333333340 per share.
By making this modification, the number of shares increased in the same proportion:
The effect for each shareholder was an increase in the number of shares representing their investment in the Company, but the value of their investment did not change. This procedure did not have any cost or involved additional paperwork for the shareholders. After the approval of the split, the shares began to circulate in a dematerialized way and the required electronic registration was carried out, without the need for the shareholders to carry out any procedure.
What impact did the split have on the trading price of Éxito?
As a result of this process, the number of shares held by the shareholders was multiplied by 3 and the closing price of the share on the day immediately prior to which the BVC implemented the Split was adjusted accordingly by dividing it by the same factor of 3 at the beginning of said day, in this way the negotiations in the market continued normally and freely.
Below, for illustrative purposes, is an example of the impacts that the number of shares and the share price of two ÉXITO shareholders had, which applyed to all shareholders.
In any case, both shareholder A and shareholder B retained the same degree of participation before and after the Split.
Did the split implied a temporary suspension of the share trading?
No, the share trading was not suspended at any time as a result of the split. The BVC carried out the corresponding operating procedures during the weekend of November 19 and 20, 2022 (non-stock days). In this way, at the beginning of the trading session on the first business day of the following week, November 21, 2022, the adjustment would have already been made in the BVC's transactional systems.
What impact did the split have in the portfolio of each shareholder?
There was no impact on the portfolio of each shareholder in terms of their participation in the Company; although, the value per share reduced and, therefore, said difference was compensated with the increase in the number of shares owned. This is why the value of the portfolio or investment remained the same.
Will future distributions of dividends per share be affected?
The value of the dividend is directly related to the annual generation of profits of the Company. It is important to clarify that the decrease in the nominal value is a statutory reform that does not interfere in the normal development of the Company's operations and, consequently, the percentage of the profit approved to distribute as a dividend will continue to be subject to approval by the Assembly, which will determine the future percentages to be distributed, based on the profits and the available cash generated by the Company and not based on the nominal value or number of shares.
Did the increase in the number of outstanding shares have any effect on the book value of the share? What benefits for shareholders does this impact have?
Although the equity value of the share decreased, the number of outstanding shares (subscribed) increased, so the effect in terms of value for each shareholder is the same. No accounting entry was made as a result of the share Split; there was no movement in the value of the capital paid by the shareholders or in the share placement premium that is registered.
Does this process implied an increase or decrease in capital?
No. This process did not imply an increase or decrease in capital. The authorized and subscribed capital of the Company remained the same; the only change that was made had to do with the decrease in the nominal value of each share and, therefore, in the number of shares, without affecting the participation of each shareholder in the Company.
Did the Split affect in any way the exercise of my political and/or economic rights?
The split did not entail a dilution or increase in the shares of the shareholders in the Company's capital, which remained unchanged. Only the number of shares owned by each shareholder changed. The exercise of the political and economic rights of each shareholder remain the same.