Grupo Aval Acciones Y Valores S.A. current report, Q4 FY2015

Full document

Business Context and Reporting Period

This Form 6-K filing by Grupo Aval Acciones y Valores S.A. is dated November 27, 2015. The report addresses corporate governance matters regarding the scheduling of an Extraordinary General Shareholders' Meeting.

Financial Metrics

The filing text does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity. The document references the Consolidated Financial Statements for the period ended June 30, 2015, but does not disclose the numerical data within this report.

Material Changes

The primary material change reported is the revocation of a previously scheduled Extraordinary General Shareholders' Meeting set for December 9, 2015. This action was taken due to amendments required in the company's Consolidated Financial Statements for the period ended June 30, 2015, pursuant to International Financial Reporting Standards (IFRS).

Guidance, Outlook, and Management Commentary

Management has summoned a new Extraordinary General Shareholders' Meeting for Monday, December 21, 2015, at 9:00 a.m. at the auditorium of Banco de Bogotá S.A. in Bogotá D.C. The agenda includes:

  • Consideration and approval of the Consolidated Financial Statements for the period ended June 30, 2015.
  • Review of the Audit Report.
  • Issues regarding the implementation of the corporate governance best practices code (Código País).
  • A proposal to amend the company's by-laws.

Shareholders may inspect the financial statements and related legal documents at the General Secretary's office prior to the meeting.

Key Facts for Investor Verification

  • Verify the specific nature of the IFRS amendments to the June 30, 2015 financial statements that necessitated the meeting rescheduling.
  • Confirm the details of the proposed by-law amendments to be voted on December 21, 2015.
  • Review the full Consolidated Financial Statements for the period ended June 30, 2015, which are available for inspection at the company's offices.
  • Note that the meeting date has shifted from December 9 to December 21, 2015.