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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 1933
For the month of November 2005
BANCOLOMBIA S.A.
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(Translation of Registrant's name into English)
Calle 50 No. 51-66
Medellin, Colombia
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(Address of principal executive offices)
(Indicate by check mark whether the registrant files or will file annual reports
under cover of Form 20-F or Form 40-F.)
Form 20-F X Form 40-F
(Indicate by check mark whether the registrant by furnishing the information
contained in this form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of
1934.)
Yes No X
(If "Yes" is marked, indicate below the file number assigned to the registrant
in connection with Rule 12g3-2(b): 82- .)
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This Report on Form 6-K shall be incorporated by reference into the registrant's
registration statement on Form F-3 (File No. 001-32535).
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.
BANCOLOMBIA S.A.
(Registrant)
Date: November 30, 2005 By /s/ JAIME ALBERTO VELASQUEZ B.
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Name: Jaime Alberto Velasquez B.
Title: Vice President of Finance
[BANCOLOMBIA LOGO] CIB
LISTED
NYSE
BANCOLOMBIA S.A. DISCLOSES THE RESULT OF THE 3 MONTH SHARE EXCHANGE PROCESS IN
CONNECTION WITH THE MERGER WITH CONAVI S.A. AND CORFINSURA S.A. (POST SPIN-OFF)
ENDED NOVEMBER 1, 2005.
MEDELLIN, COLOMBIA. NOVEMBER 30, 2005.
On November 1, 2005, the process of exchanging shares of Conavi and Corfinsura
(post spin-off) for Bancolombia shares as a result of the merger of the three
entities was completed. The resulting number of exchanged shares and the new
number of outstanding shares of Bancolombia are the following:
Common Shares Preferred Shares Total
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Outstanding shares 398,259,608 178,435,787 576,695,395
on July 31, 2005
Shares exchanged 111,444,976 39,686,634 151,131,610
as of November 1,
2005.
Shares outstanding 509,704,584 218,122,421 727,827,005
as of November 1,
2005.
Current capital 70.03% 29.97% 100%
structure
As a result of the share exchange, the outstanding and paid-in capital of
Bancolombia S.A. totals COL$363,913,502,500. The book value of Bancolombia
shares, calculated using the non-consolidated financial information of
Bancolombia as of October 31, 2005 applied to the number of shares as of
November 1, 2005, is COL$ 4,257.28.
LARGEST SHAREHOLDERS OF BANCOLOMBIA S.A. AS OF NOVEMBER 1, 2005.
In accordance with request 20058-78 issued by the Superintendency of Securities
of Colombia, having completed the process of exchanging shares of Conavi and
Corfinsura (post spin-off) for Bancolombia shares as a result of the merger of
the three entities, we hereby disclose the 20 largest shareholders of
Bancolombia as of November 1, 2005.
Contacts
Sergio Restrepo Jaime A. Velasquez Mauricio Botero
Executive VP Financial VP IR Manager
Tel: (574) 3120332 Tel: (574) 5108666 Tel: (574) 5108866
[BANCOLOMBIA LOGO]
Shareholder Colombian Common Preferred % of % of % of total
ID number Shares shares common preferred outstanding
shares shares shares
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BANCOLOMBIA ADR 811001966 124,112,315 56.90 17.05
Program
Portafolio de 811011258 76,136,665 14.94 10.46
Inversiones
Suramericana S.A.
Suramericana de 811012271 69,879,061 13.71 9.60
Inversiones S.A.
Suramericana
Fideicomiso 830054054 39,341,408 7.72 5.41
Cititrust
Suramericana IFC
Compania de 890900266 31,589,838 3,386,177 6.20 1.55 4.81
Cemento Argos
S.A.
Cementos del 890300437 30,609,251 4,120,038 6.01 1.89 4.77
Valle S.A.
Fondo de 800229739 5,517,271 23,113,334 1.08 10.60 3.93
Pensiones
Obligatorias
Proteccion
Emmery Equity 830064913 24,387,619 4.78 3.35
Corporation
Lorange 830064912 20,612,331 4.04 2.83
Industrial
Corporation
Inversiones SPC 811033992 18,661,740 3.66 2.56
S.A.
Inversiones 811046705 15,504,218 3.04 2.13
Valkiria S. en
C.
Compania 890903407 12,171,005 2.39 1.67
Suramericana de
Seguros S.A.
Fondo de 800224808 9,889,057 98,271 1.94 0.04 1.37
Pensiones
Obligatorias
Porvenir
Fondo de 800231967 4,369,206 5,109,047 0.86 2.34 1.30
Pensiones
Obligatorias
Horizonte
Compania 890903790 9,219,576 1.81 1.27
Suramericana de
Seguros de Vida
S.A.
Inversiones 830505757 2,527,341 5,879,782 0.50 2.69 1.16
Alaska S.A.
Fondo de 800224827 3,121,210 4,880,546 0.61 2.24 1.10
Pensiones
Obligatorias
Santander
Fondo de 800227940 3,850,053 3,997,738 0.76 1.83 1.08
Pensiones
Obligatorias
Colfondos
Cementos El 890900183 6,137,863 1.20 0.84
Cairo
Compania 890903406 5,190,484 1.02 0.71
Suramericana de
Construcciones
S.A.
In accordance with the requirement of the Superintendency of Securities, this
information relates to the 20 largest shareholders of Bancolombia considered
individually, and does not take into account the beneficial owners of these
shares.