Credicorp Ltd. Form 6-K Summary
Business Context and Reporting Period
This Form 6-K filing by Credicorp Ltd. (NYSE: BAP), a Bermuda-based foreign private issuer, reports a Material Event submitted to CONASEV and the Bolsa de Valores de Lima on March 31, 2003. The filing documents the outcomes of the Annual Shareholder's Meeting held on March 28, 2003, regarding the fiscal year ended December 31, 2002.
Key Financial Metrics
The filing does not provide specific revenue, profit, cash flow, margin, debt, or liquidity figures for the 2002 fiscal year. It confirms that the consolidated financial statements for the year ended December 31, 2002, were approved by shareholders and audited by Dongo - Soria, Gaveglio y Asociados (PricewaterhouseCoopers member firm).
Dividend Information:
- Total Dividend Amount: US$ 28.3 million
- Dividend Per Share: US$ 0.30
- Total Shares Outstanding: 94,382,317
- Payment Date: April 30, 2003
- Record Date: April 16, 2003
- Ex-Dividend Date: April 11, 2003
Material Changes and Corporate Actions
The primary material event reported is the shareholder approval of the 2002 Annual Report and financial statements. Additionally, the company designated Medina, Zaldívar, Paredes y Asociados (Ernst & Young member firm) as the external auditors for the 2003 fiscal year. The cash dividend of US$ 28.3 million was previously approved by the Board on February 27, 2003, and formally ratified at the shareholder meeting.
Guidance, Outlook, and Risks
The filing contains no specific financial guidance, earnings outlook, or management commentary regarding future operational performance. It includes a standard Forward-Looking Statements disclaimer, noting that statements regarding dividends, strategies, and capital plans are based on current estimates and subject to risks such as general economic conditions and industry trends. There is no guarantee that expected results will occur.
Investor Verification Checklist
- Verify the full 2002 Annual Report and audited financial statements referenced in the filing to review specific revenue and profit metrics.
- Confirm the dividend payment status and receipt by April 30, 2003, for eligible shareholders.
- Review the transition of external auditors from PricewaterhouseCoopers to Ernst & Young for the 2003 fiscal year.
- Monitor subsequent filings for the actual 2003 financial results and any updates on the forward-looking assumptions mentioned in the disclaimer.