Stock information and issuancess

ISA STOCK

The Company has executed four successful issuances of shares. Our shares are dematerialized at Deposito Centralizado de Valores de Colombia (Central Securities Depository of Colombia) – Deceval S.A.

ISA Stock Variation Today
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* Source of information from the BVC, last update time 06:02:20.

* Open market: 8:30 a.m. a 3:00 p.m. Colombian time

Stock indices
MSCI COLCAP
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COLEQTY
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COLIR
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Variation with respect to the previous day

STOCK INFORMATION

See the movement and performance of our assets: calculate the profitability, explore the historical information of our shares, and compare our growth between periods.

September 2021

Close price
$22.700
Market CAP (USD million)
6,6
BMI*
8.583
Floating
39,77%
Nominal Value
32.80
Annual Dividends
$1.303

 *Business Marketability Index

STOCK TOOLS

ADR

In 2004, ISA registered its American Depositary Receipt (ADR) Level I (IESFY) at the U.S. Securities and Exchange Commission (SEC), and trades at the OTC market (OTCQX). This means that ISA’s shares can be traded on the stock exchange in that country.

Graphic of Valorization ADR vs Indexes YTD
Graphic YTD (January 2 of 2020 - September 30 of 2021)
Symbol IESFY​
CUSIP​
​45853N102
​Ratio
1 ADR: 25ORDs
​País
Colombia​
Effective date
March 22, 2004​
​SEDOL
2205706​
​ISIN
COP5624U1196​
​U.S. ISIN
US45853N1028​​
Depositary
BNY Mellon​

DIVIDENDS

Our shareholders and investors receive the payment of dividends per share, proportional to the ISA’s latest financial results. Learn about this payment procedure and the values of previous years.

Dividend payment 2021

$
Per share
Payment Date
Julio 22 de 2021
Initial Date (Period ex-Dividend)
Julio 15 de 2021
End Date (Period ex-Dividend)
​Julio 21 de 2021
Payment Date
​Diciembre 14 de 2021
Initial Date (Period ex-Dividend)
​Diciembre 7 de 2021
End Date (Period ex-Dividend)
​Diciembre 13 de 2021
Please take into account:

The distribution of dividends in 2021, from income for 2020, for tax Residents in Colombia will be delivered as nontaxable and taxable, and for Non-residents as nontaxable, exempt and taxable.

  • Dividends paid
  • Withholding RENT 2021
  • Withholding ICA 2021
  • Procedure
  • Others
PERIODDECLARATION DATEPAYMENT DATETYPE OF DIVIDENDCOP/SHARETOTAL DIVIDENDSTOTAL DIVIDENDS DECREED (COP)
202126/03/202122/07/2021

14/12/2021
Ordinario
Extraordinario

Ordinario
Extraordinario
$ 372
$ 279.5

$ 372
$ 279.5
$1.303$1.443.304
2020​27/03/2020​23/07/2018

15/12/2018
Ordinary Extraordinary

Ordinary Extraordinary
$ 337,5

$ 337,5
$675$747.683
2019​04/07/2019​24/07/2019

11/12/2019
Ordinary Extraordinary

Ordinary Extraordinary
$ 276

$276
$552$611.438
2018​23/03/2018​12/07/2018

4/12/2018
Ordinary Extraordinary

Ordinary Extraordinary
$ 133
$ 138

$ 133
$ 138
$542$600.361
2017​31/03/2017​25/07/2017


12/12/2017
Ordinary Extraordinary

Ordinary Extraordinary
$ 124
$ 72

$ 124
$ 72
$392$434.210
2016​31/03/2016​26/07/2016


15/12/2016
Ordinary Extraordinary

Ordinary Extraordinary
$ 114
$ 30

$ 114
$ 30
$288$319.011
2015​03/27/2015​04/28/2015


07/28/2015


10/27/2015


12/10/2015
Ordinary Extraordinary

Ordinary Extraordinary
$ 52
$ 15

$ 52
$ 15

$ 52
$ 15

$ 52
$ 15
$268$296.858
201403/28/2014​07/21/2014

09/22/2014
Ordinary Extraordinary

Ordinary Extraordinary
$196

$18
$214$237.043
2013​03/22/201306/04/2013Ordinary$188$188$208.243
201203/30/201206/26/2012Ordinary$179$179$198.274
201103/31/2011​04/18/2011
07/18/2011
10/18/2011
01/27/2012
Ordinary$ 43
$ 43
$ 43
$ 43
$172$190.521
201003/29/201004/19/2010
07/19/2010
10/19/2010
01/27/2011
Ordinary$ 40
$ 40
$ 40
$ 40
$160$177.228
TYPE OF INVESTORCEILINGS% WITHHOLDING
Resident legal persons, including CHCDividend exceeding 15 UVT (COP 545.000 in 2021) 0,20%
Foreign companiesDividend exceeding 15 UVT (COP 545.000 in 2021) 0,5%
Resident and non-resident natural personsBy express statutory provision 0%
Big taxpayerBy express statutory provision 0%
Non-withholding entitiesBy express statutory provision 0%

Procedure

If the payment of the first installment of the decreed dividend is higher that the limit, it becomes eligible for tax withholding.

When the last  installment payment is made, its taken into consideration the decreed dividend (the total of all payments during a year) and if its backed by the limit it’s eligible for tax withholding if necessary, subtracting the withholdings already applied in the first and other past payments.

Example 1

Dividend decreed to a foreign entity: $18.657.600

To be payed in 2 installments: One in July for $9.328.800 and another one in December for $9.328.800

Example 2

Dividend decreed to a Colombian resident: $53.263.584

To be payed in 2 installments: One in July for $26.631.792 and another one in December for $26.631.792

Policy

Every shareholder is entitled to receive as dividend a part of the company profits proportional to the number of shares held by the shareholder. For purposes of distributing profits, as provided by articles 155 and 454 of the Code of Commerce, realized profit shall be computed through the following procedure:

a). From the Company’s profits taken from actual and accurate financial statements of each fiscal period, subtracting the amounts corresponding to:

Eliminating losses from previous periods (if any) Legal reserve Tax appropriations

b). The percentages determined by the aforementioned articles of the Code of Commerce are applied to the calculated balance. The resulting amount shall be the minimum amount to be distributed as dividends each period

c). Balances remaining after the distribution of minimum dividends shall be at the disposal of the Shareholders’ Meeting to create the statutory and discretionary reserves or to be distributed as dividends in addition to the minimum dividends established by letter b) above.

Articles 155 and 454 of the Code of Commerce

– Art. 155 – Approval for the distribution of profits. Amended by Article 240 of Law 222 of 1995. Except when the articles of incorporation provide for a higher majority to decide, profit distribution shall be approved by the Shareholders’ Meeting or the Partners Meeting with the favorable vote of a plural number of members representing at least 78% of shares or participation stock present at the meeting.

When no majority is obtained in the manner provided above, at least 50% of the realized profit, or of its balance, shall be used to absorb losses from previous fiscal years, if any. Corresponding ruling: 110 ord. 8o, 150. 151, 187 ord. 3, 332, 371, 381, 454; C. Civil 2092 to 2096.

– Art. 454 – Increase in the percentage of profit distribution of the joint-stock company. When the aggregate of legal, statutory and occasional reserves exceeds one hundred percent (100%) of subscribed capital, the mandatory percentage of realized profit to be distributed by the company according to Article 155, shall be seventy percent (70%).

2020 Decreed dividends

2019 Period

The ISA Ordinary General Shareholders’ Meeting held on March 27, 2020 approved the profit distribution proposal for the 2019 fiscal year. The proposal consists of distributing profits for COP 747.683 million to decree an ordinary dividend of COP 675 per share, the highest paid until now.

ISSUANCES

Through our first share issuance, we became the first state-owned company to democratize in the Colombian stock market. A significant step towards the growth of our company, where we inspire hundreds of Colombians to invest in their future.

  • Shares program
  • Securities program

Shares program

ISA Acciones para Todos (ISA, Shares for All) was the first shares purchase program to enable Colombians 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 whom 32% were already ISA shareholders. After these first two issuances, the other issuances were made through Book Building (in 2007 and 2009). In this methodology, the market sets the price of the share through bids.

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Securities program

The Domestic Debt Bonds Issue and Underwriting Program of Interconexión Eléctrica S. A. E.S.P., which from now on will be called the Domestic Debt Securities Issue and Underwriting Program of ISA or the “Program”, has a global amount of six trillion five hundred thousand million Colombian pesos (COP 6,500,000,000,000) that can be expanded upon corresponding authorizations.

The Board of Directors of ISA: On July 25, 2003, as attested by Minutes No. 600, authorized execution of the Program up to the amount of four hundred and fifty billion Colombian pesos (COP 450,000,000,000); on March 29, 2005, as attested by Minutes No. 621, authorized the First Expansion of the Program by four hundred billion Colombian Pesos (COP 400,000,000,000); on May 30, 2008, as attested by Minutes No. 665, authorized the Second Expansion of the Program by three hundred and fifty billion Colombian Pesos (COP 350,000,000,000); on April 30, 2010, as attested by Minutes No. 693, authorized the Third Expansion of the Program by five hundred billion Colombian Pesos (COP 500,000,000,000); on April 27, 2012, as attested by Minutes No. 719, authorized the Fourth Expansion of the Program by one trillion Colombian Pesos (COP 1,000,000,000,000). On September 28, 2012, as attested by Minutes No. 725, inclusion of Commercial Papers in the Program’s global amount was authorized; on February 27, 2015, as attested by Minutes No. 756, authorized the Fifth Expansion of the Program by eight hundred billion Colombian Pesos (COP 800,000,000,000); on October 28, 2016, as attested by Minutes No. 782, authorized the Sixth Expansion of the Program by one trillion Colombian Pesos (COP 1,000,000,000,000); on October 27, 2017, as attested by Minutes No. 797, authorized the Seventh Expansion of the Program by two trillion Colombian Pesos (COP 2,000,000,000,000).

The National Planning Department (DNP) issued authorizations No. SC-04-063-2003 of December 4, 2003, No. SC-02-036-2005 of August 26, 2005, No. SC-20082300693951 of November 25, 2008, No. SC-20102300272111 of April 15, 2010, No. SC-20122300469891 of May 24, 2012 including July 10, 2012, No. 20154380409141 dated July 7, 2015 including October 5, 2015, and No. 20174380264571 of May 4, 2017.

The Ministry of Finance and Public Credit authorized the Program by means of Resolution No. 343 of February 11, 2004, amended and supplemented by Resolutions No. 427 of February 17, 2004, No. 2915 of November 8, 2004, No. 117 of January 23, 2006, No. 177 of January 29, 2009, No. 3319 of November 5, 2010, No. 3019 of October 21, 2011, No. 0334 of January 11, 2013 as amended and supplemented by Resolution No. 572 of February 27, 2013, No. 3765 of October 9, 2015, No. 4120 of November 18, 2015, No. 510 of February 27, 2017 and No. 650 of March 8, 2018.

The Financial Superintendence of Colombia S.A., approved the Program by means of Resolution No. 205 of February 18, 2004, amended and supplemented by Resolutions No. 0254 of February 10, 2006, No. 0140 of February 6, 2009, No. 2375 of December 14, 2010, No. 2143 of November 25, 2011, No. 0579 of March 21, 2013, No. 1798 of December 29, 2015; No. 046 of January 21, 2016, No. 0734 of May 19, 2017 and No. 797 of June 25, 2018.

Government authorizations have been granted by all the relevant authorities pursuant to Decree 2681 of 1993 which regulates Law 80 of 1993, and pursuant to requirements of Decree 2555 of 2010 of the Ministry of Finance and Public Credit.

TranchesIssue dateMaturity dateTermType of interestOutstanding Balance (COP)Prepaid optionCurrency of origin
Tranche 7 Series A1/12/20111/12/202312IPC + 4,47%$ 180.000.000.000N/ACOP
Tranche 7 Series B1/12/20111/12/204130IPC + 4,84%$ 120.000.000.000N/ACOP
Tranche 8 Series C922/5/201322/5/20229IPC + 2,84%$ 120.000.000.000N/ACOP
Tranche 8 Series C1522/5/201322/5/202815IPC + 3,25%$ 100.000.000.000N/ACOP
Tranche 9 Series C107/5/20157/5/202510IPC + 3,80%$ 100.000.000.000N/ACOP
Tranche 9 Series C157/5/20157/5/203015IPC + 4,14%$ 120.000.000.000N/ACOP
Tranche 9 Series C207/5/20157/5/203520IPC + 4,34%$ 280.000.000.000N/ACOP
Tranche 10 Series C816/2/201616/2/20248IPC + 4,73%$ 115.000.000.000N/ACOP
Tranche 10 Series C1216/2/201616/2/202812IPC + 5,05%$ 152.000.000.000N/ACOP
Tranche 10 Series C2516/2/201616/2/204125IPC + 5,38%$ 133.000.000.000N/ACOP
Tranche 11 Series A718/4/201718/4/202476,75%$ 260.780.000.000N/ACOP
Tranche 11 Series C1518/4/201718/4/203215IPC + 3,81%$ 196.300.000.000N/ACOP
Tranche 11 Series C2518/4/201718/4/204225IPC + 4,00%$ 242.920.000.000N/ACOP
Tranche 12 Series A828/11/201728/11/202586,99%$ 150.080.000.000N/ACOP
Tranche 12 Series C1428/11/201728/11/203114IPC + 3,75%$ 120.100.000.000N/ACOP
Tranche 12 Series C3028/11/201728/11/204730IPC + 3,98%$ 229.820.000.000N/ACOP
Tranche 13 Series C925/7/201825/7/20279IPC + 3,49%$ 156.500.000.000N/ACOP
Tranche 13 Series C1525/7/201825/7/203315IPC + 3,89%$ 142.063.000.000N/ACOP
Tranche 13 Series C2525/7/201825/7/204325IPC + 4,07%$ 201.437.000.000N/ACOP
Tramo 14 Serie A913/08/202013/08/202996,33%$ 160.000.000.000N/ACOP
Tramo 14 Serie G2013/08/202013/08/2040203,67%$ 139.997.669.786N/AUVR
$ 3.419.997.669.786
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Prospectus and Addenda (In spanish)
Notices of Public Bids (In spanish)
Green Bond Reports
Contracts and clauses (In spanish)
Program's Risk Rating (In spanish)

BONDHOLDERS TAX RETURN CERTIFICATE

There is an application available for you to consult and download the tax return certificate.

BROKER DEALER

Here you can find the current broker-dealer list: of the Colombia Stock Exchange.

Sell side

Consult the stock market analysts’ contact information available to assist you

FirmStockTelephoneE-mail
Accio​nes & Valores Daniel Jiménez González Laura López Merchan57(1) 3257800 Ext. 1304asis.investigaciones3@accivalores.com investigaciones.rvariable@accivalores.com
Alianza  Ivan Felipe Agude​​lo 57(1) 6447700 Ext. 3206iagudelo@alianza.com.co
Bancolombia Diego Buitrado57(1) 746 3984diebuit@bancolombia.com.co
BTG​Daniel Guardiola Andrés Moncada 57 (1) 307 8090 57 (1) 307 8090 ext. 7638daniel.guardiola@btgpactual.com andres.moncada@btgpactual.com
Casa de BolsaOmar Suáres

Juan Dluyz
57 (4) 6062100 Ext 22619

57 (4) 6062100 Ext 22703
omar.suarez@casadebolsa.com.co

juan.dluyz@casadebolsa.com.co
Credicorp​Nicolás Erazo

Andrew McCarthy
57(1) 3394400 Ext. 1567nerazo@credicorpcapital.com

amccarthy@credicorpcapital.com
Davivienda/CorredoresCamilo Roldán

Katerin Ortiz
57 (1) 3123300 Ext 92257

57 (1) 3123300 Ext 92134
croldan@corredores.com

kortiz@corredores.com
Global SecuritiesRaúl David Moreno57(1) 3138200 Ext 444raul.moreno@globalcdb.com

LINKS OF INTEREST

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