Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Credicorp Ltd., a Bermuda-based foreign private issuer, reports a material event for the month of May 2018. The filing specifically addresses the finalization of dividend payment calculations based on the exchange rate registered by the Peruvian Superintendence of Banking, Insurance and AFP (SBS) on May 9, 2018.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, or debt metrics. The only specific financial data disclosed relates to the dividend distribution:
- Dividend per Share (USD): US$4.3040
- Dividend per Share (PEN): S/14.1726
- Exchange Rate Used: S/3.2929 per US Dollar
- Payment Date: May 11, 2018
Material Changes
This filing serves as an update to a Material Event filed on February 28, 2018, which announced the Board of Directors' agreement to distribute dividends. The material change reported here is the confirmation of the specific exchange rate and the resulting dividend amount in both US Dollars and Peruvian Soles.
Guidance, Outlook, and Risks
The filing contains no management commentary, future guidance, or discussion of risks and contingencies beyond the execution of the previously approved dividend plan. No unusual items are reported.
Investor Verification Checklist
- Verify the dividend payment receipt on or after May 11, 2018.
- Confirm the exchange rate of S/3.2929 per USD was the official rate set by the SBS on May 9, 2018.
- Review the February 28, 2018 filing for the original Board resolution details regarding the dividend distribution.