Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
Credicorp Ltd., a foreign private issuer, filed this Form 6-K on August 29, 2024, to report a material event. The filing pertains to a decision made by the Board of Directors during their session on August 29, 2024.
Key Financial Metrics
This filing does not contain standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The primary financial data disclosed relates to a special dividend distribution:
- Total Special Dividend: S/1,038,205,487.00 (Peruvian Soles)
- Dividend Per Share: S/11.0000
- Shares Outstanding: 94,382,317 issued shares
- Payment Currency: US Dollars (converted using the weighted exchange rate from the Peruvian Superintendency of Banks, Insurance and Pension Funds)
Material Changes
The filing announces a one-time special cash dividend, which is a material change in capital distribution policy for the period. No comparative financial data or changes in operating metrics versus prior periods are provided in this document.
Outlook, Risks, and Unusual Items
Dividend Payment Details:
- Record Date: September 23, 2024
- Payment Date: October 18, 2024
- Tax Status: Paid without withholding tax at source
- Exchange Rate Mechanism: The US Dollar amount will be calculated using the weighted exchange rate registered at the close of business on October 16, 2024, and rounded up to four decimals.
Legal Disclaimer: The information in this Form 6-K is not deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 and is not subject to the liabilities of that section.
Investor Verification Checklist
- Verify the record date of September 23, 2024, to ensure eligibility for the special dividend.
- Monitor the weighted exchange rate published by the Peruvian Superintendency of Banks, Insurance and Pension Funds on October 16, 2024, to determine the final USD payout amount.
- Confirm the payment date of October 18, 2024, for cash flow planning.
- Review the company's annual report (Form 20-F) for comprehensive financial performance data, as this filing contains only dividend information.