Nuestra Empresa - ISA

Annual Shareholders' Meeting Announcement | 2020

On the occasion of the preventive isolation mandate of Decree 457 of 2020, the CEO of INTERCONEXIÓN ELÉCTRICA S.A. E.S.P. (hereinafter "ISA") refers to the call initially published on February 23, 2020 and informs that the Ordinary General Shareholders' Meeting will be held under the remote modality on Friday, March 27, 2020 at 9:00 a.m., in accordance with the terms of Article 19 of Law 222 of 1995 and regulations contained in Decree 398 of 2020.

To ensure the proper development of the remote meeting, all shareholders interested in exercising their political rights shall be required to:

1. Grant an authorization with voting instructions to one of the proxies suggested by ISA. The proxies are attorneys who will represent the shareholders at no cost, and are neither employees nor directors of the company or companies of the ISA Group. State entities that are shareholders may participate through their proxies or officers authorized for this event, if they choose to do so.

2. The procedure is as follows: 

(i) Enter the website www.isa.co and  download the authorization template.             (ii) Fill out the authorization, indicating the proxy and the voting rights for each of the proposals submitted for consideration of the Meeting, which are also published on www.isa.co.                                                                                                                          (iii) Sign the authorization and email it to accionesISA@isa.com.co, together with the annexes demonstrating the identity and/or representation powers of the shareholder. This same procedure will apply if the shareholder decides not to use the authorization template, who will send the authorization text of his choice, following these indications.

3. Authorizations will be received until 6:00 p.m. on March 26, 2020, one day prior to the General Shareholders' Meeting.

4. Proxies will participate in the remote meeting through the Teams platform, and will represent the shareholders who have granted the respective authorization.

5. The gift what is usually offered will be sent to the address indicated in the authorization.

 

Shareholders can watch the Meeting live by entering www.isa.co. Should you require assistance during the transmission, you can call the toll-free Line 01 8000 914 543.

Below is the agenda to be submitted to the Shareholders' Meeting for consideration:

Quorum verification.

Approval of the agenda:

1. Election of the Meeting’s Chairman.

2. Report of the Secretary on the approval of Minutes 109 of March 29, 2019.

3. Election of the Commission for approval of the Minutes and scrutinies.

4. Welcome speech by the Board of Directors’ and reading of the Board of Directors

Operation Report and Corporate Governance Report.

5. Presentation and approval of the 2019 Integrated Management Report.

6.  Reading and presentation of ISA's Individual and Consolidated Financial Statements as of December 31, 2019.

7. Reading of the Statutory Auditor's report.

8.  Approval of ISA's Individual and Consolidated Financial Statements as of December 31, 2019.

9.  Approval of the profit distribution project for 2019 to decree dividends and create equity reserves.

10. Election of the Statutory Auditor and allocation of fees.

11. Election of the Board of Directors.

12. Reading and approval of the Remuneration Policy for the Board of Directors.

13.  Approval of fees for Board of Directors’ members for the April 2020 – March 2021 period.

14. Miscellaneous or proposals from shareholders.

 

ISA has implemented the controls and technological tools necessary to hold the General Shareholders' Meeting under the procedure described above, given the circumstances in the country as a result of the health emergency.  This procedure is approved by the Financial Superintendence of Colombia which, considering the new mandatory preventive isolation measures decreed by the National Government, has allowed this type of representation to facilitate the participation of shareholders in the Meeting.


As part of our commitment to the country, we appreciate the collaboration of all the shareholders by complying with these measures in order to hold the General Shareholders' Meeting in a timely manner under the current public health conditions. 

 

BERNARDO VARGAS GIBSONE

Chief Executive Officer