The new composition of the Board of Directors was also decreed at the meeting
Mr. Luis Fernando Alarcón retires from his CEO position and leaves the Company with outstanding financial results.
ISA’s Regular Shareholders’ Meeting, held today March 27th in Medellin, approved for this year the payment of a dividend of COP 268 per share, representing a 25% increase compared with last year.

This approval involves a disbursement above COP 296 billion payable in an ordinary dividend of COP 208 per share and an extraordinary dividend of COP 60 per share, for a total of COP 268, to be disbursed as follows:

The creation of a fiscal reserve for COP 96.933 million was also agreed, according to Article 130 of the Tax Code, as well as the creation of an occasional reserve for equity strengthening in the amount of COP 199.274 million to contribute with the growth strategy and keep financial soundness. It should be recalled that the Company’s net income in 2014 reached COP 593.065 million while the net profit was COP 496.132 million.

Board of Directors

The Meeting approved the new composition of the Board of Directors made up by 9 principal members, without alternates, for a 1-year period, which may be elected and removed at any time by the Regular Shareholders’ Meeting. Thus, the Board of Directors was composed as follows:

Sustainability

One of ISA’s priorities is to manage its business in a responsible, transparent and ethical way, contributing to the development of the communities where it operates. As a result of its commitment and effort, the Company was recognized in 2014 as one of the 20 most sustainable companies in Colombia (Sustainalitycs), and received the quality seal certification (Colombia Stock Exchange). Also, it kept a 94-point rating in the survey Transparency for Colombia, exceeding by nine points the sector’s measurement. It also invested 1.782 million in works carried out in 182 municipalities and obtained offset certification for 79.8% of its greenhouse gases.

Businesses

Today, ISA is recognized as the largest international energy carrier in Latin America with 41.650 km of high voltage circuit and 77.710 MVA of transformation capacity.

In the telecommunications business, we have the largest continued terrestrial network of the continent with 26.700 km of optical fiber and access to 7 submarine cable heads.

In the road business, we are the largest toll road operator in Chile with 907 km. in operation where more than 100 million vehicles traveled in 2014.

In the business of Intelligent Management of Real Time Systems, ISA operates the funds of the National Interconnected System and manages the wholesale energy market. In 2014, energy purchase and sale was worth COP 13.3 trillion and COP 5 trillion were invoiced by the SIC and LAC.

8 Years of Successful Performance

Finally, this is a very emotional day for the Company as Mr. Luis Fernando Alarcón M. retires from his position as CEO, and leaves a leading and financially sound business group in the region.

During his 8 years in office, important goals were achieved such as the 162% net income increase and 109% increase in assets. Under his leadership, ISA expanded its presence in 5 to 8 countries, and went from 7 to 33 companies held in Latin America. But beyond the financial achievements, Mr. Alarcón leaves a Company recognized for its transparent and ethical performance, with a highly qualified team committed to the development of the countries where the Company operates.