Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
16 Mars 2022 - 8:46PM
Edgar (US Regulatory)
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 2022
_________________
Commission File Number: 000-54290
Grupo Aval Acciones y Valores S.A.
(Exact name of registrant as specified in its
charter)
Carrera 13 No.
26A - 47
Bogotá
D.C., Colombia
(Address of principal executive office)
Indicate by check
mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
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)(7):
GRUPO AVAL ACCIONES
Y VALORES S.A.
TABLE OF CONTENTS
ITEM |
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1. |
Notice of Relevant Information dated March 16, 2022 |
Item
1
RELEVANT INFORMATION
Bogotá, March 16, 2022. Grupo Aval
Acciones y Valores S.A. ("Grupo Aval") informs that, in connection with the transaction disclosed to the market on September
15, 2021, the Superintendency of Finance of Colombia (the "Superintendency") approved the transaction whereby Grupo Aval will
spin off in favor of its shareholders, pro rata of their ownership of Grupo Aval shares, the shares of its indirect subsidiary, BAC Holding
International Corp. ("BHI") to be received by Grupo Aval as a result of the demerger and spin-off of 75% of BHI by Banco de
Bogotá S.A. ("BdeB") to its shareholders (including Grupo Aval), pro rata to their
ownership of BdeB shares.
Trading Suspension on BVC; Certain Limitations
for ADSs Traded on NYSE.
Additionally, Grupo Aval and BdeB have requested
to the Colombian Stock Exchange - Bolsa de Valores de Colombia ("BVC") the suspension of the trading of Grupo Aval common and
preferred shares and BdeB shares between March 22 and 29, 2022, inclusive. The last trading day prior to the trading suspension will be
March 18, 2022.
The execution of the spin-off of BdeB, the execution
of the spin-off of Grupo Aval, the execution of the merger operation between BHI (surviving and absorbing entity), SB Bogotá and
SB Aval, and the listing of BHI's shares in the BVC are expected to happen within that trading suspension period.
Trading of Grupo Aval and BdeB shares is expected
to resume on March 30, once the required transactions are completed.
Grupo Aval’s American Depositary Shares (“ADSs”)
will continue to trade on the New York Stock Exchange despite the suspension of trading of the underlying preferred shares on the BVC.
However, in conjunction with the trading suspension on the BVC, the Depositary for the ADSs will close its books for issuances and cancellations
of ADSs starting on the close of business (New York City time) on March 18, 2022 through the close of business (New York City time) on
March 29, 2022. During this period, ADS holders will not be able to exchange ADSs for preferred shares, or vice versa. The ability to
make such exchanges is expected to resume on March 30, 2022.
Spin-off Record Date
If you own Grupo Aval’s common or preferred
shares, you will receive one BHI Share for each one Grupo Aval common or preferred share that you own of record immediately prior to the
open of business (Bogotá, Colombia time) on March 28, 2022.
If you own Grupo Aval ADSs, you will be
entitled to elect to take delivery of 20 BHI Shares for each Grupo Aval ADS that you own of record at the close of business (New
York City time) on March 28, 2022, provided that you properly and timely elect to do so and provide the Depositary for the ADSs with
the required information for delivery to an account with a Colombian bank or broker. If you do not properly and timely make an
election to receive BHI shares, you will receive the net cash proceeds from the sale of the BHI shares to which you would otherwise
have been entitled.
Grupo Aval plans to make available an information
statement to, among others, holders of its ADSs regarding the spin-off of BHI shares and will provide further information at that time.
Important Information
This communication is not an offer to sell or the
solicitation of an offer to buy any securities. The BHI shares and information statement referred to herein will not be distributed in
any jurisdiction in which such distribution would be unlawful.
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.
Date: March 16,
2022
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GRUPO AVAL ACCIONES Y VALORES S.A. |
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By: |
/s/ Jorge Adrián
Rincón Plata |
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Name: |
Jorge Adrián Rincón Plata |
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Title: |
Chief Legal Counsel |
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