Report of Foreign Issuer (6-k)
October 26 2017 - 6:03AM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 under
the
Securities Exchange Act of 1934
For the month of October 2017
Commission File Number: 001-14014
CREDICORP LTD.
(Translation of registrant’s name
into English)
Clarendon House
Church Street
Hamilton HM 11 Bermuda
(Address of principal executive office)
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 if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ____
Indicate by check mark if the registrant is submitting
the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ____
October 25
th
, 2017
SUPERINTENDENCIA DEL MERCADO DE VALORES
– SMV
Re.: MATERIAL EVENT
Dear Sirs:
In accordance with article 28° of the
Capital Markets Law approved by Law N° 093-2002-EF and SMV Resolution for Material Events and Reserved Information and Other
Communications N° 005-2014-SMV-01, Credicorp Ltd. complies with notifying you of the following Material Event:
The Board of Directors of Credicorp Ltd.
("Credicorp"), in its session held on October 25, 2017, approved the distribution of an special cash dividend of S/1,481,802,376.90
for a total of 94,382,317 outstanding shares, which is equivalent to S/15.7000 per share, establishing as registration date on
Tuesday November 14, 2017.
The cash dividend will be paid out on November
24, 2017, without withholding tax at source. The dividend will be paid in US Dollars using the weighted exchange rate registered
by the Superintendency of Banks, Insurance and Pension Funds (Superintendencia de Banca, Seguros y AFP) for the transactions at
the close of business on November 22, 2017. The US Dollar dividend amount will be rounded up to four decimals.
The Board's decision to approve the distribution
of a special dividend is based on Credicorp’s financial strength and the significant capital gains it has been making in
recent years, and in virtue of the provisions set forth in the Company's By-Laws.
The dividend shall be applied on Credicorp’s
freely available optional reserves and shall be paid with funds from the sale proceeds of non-strategic investments performed by
the company in recent months and from liquidity surpluses currently retained by Credicorp.
Credicorp states that at the present time
it has the necessary and sufficient funds to pay the special dividend considering the criterion established by Section 54 of the
1981 Companies Act of Bermuda and that its decision to declare and pay such special dividend shall not affect the company capital
requirements, placing them at all times over regulatory limits and within its Risk Appetite levels.
Credicorp shall continue to invest in its
recurring business to ensure the company long-term profitability, thus confirming its objective of optimizing the capital structure
and, consequently, increasing capital returns for its shareholders.
The information in this Form 6-K (including
any exhibit hereto) shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934 (the
“Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference
in any filing under the Securities Act of 1933 or the Exchange Act.
Sincerely,
/s/
|
Miriam Böttger
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|
Stock Market Representative
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Credicorp Ltd.
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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.
Date: October 25
th
, 2017
|
CREDICORP LTD.
(Registrant)
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|
|
|
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By:
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/s/ Miriam Böttger
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Miriam Böttger
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Authorized Representative
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