Shares Program
"ISA, Shares for All" was
the first shares purchase program in government enterprises to open the door to
common Colombians, enabling them to find an opportunity for safe investment by
purchasing company shares.
The first mass issue of shares took
place from November 27 to December 20, 2000. A total of 115 million shares were
issued to 62,016 individuals and corporate investors, which represented 13.62%
of the purchase. ISA's preferred shares were listed on the three Colombian
exchanges, and trading began on February 9, 2001.
The second issuance of preferred
shares took place from April 25 to May 10, 2002. A total of 120 million shares
were issued to 47,746 Colombians, of which 32% were already ISA shareholders.
After these first two issuances, the others were made through Book Building (in
2007 and 2009). In this methodology, the market sets the price of the stock
through bids.
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