ESSENTIAL FACT
Celulosa Arauco y Constitución S.A.
Registration in the Securities Registry N* 42
Santiago, April 8, 2022
Gentlemen
Financial Market Commission
PRESENT
Dear Sir or Madam:
The undersigned, on behalf of the closed public limited company called
Celulosa Arauco and Constitución S.A. (the “Company” or “Arauco”), both with
domicile in the Metropolitan Region, Avenida El Golf N* 150, 14th floor, commune of
Las Condes, a company registered in the Securities Registry with N* 42, RUT N*
93.458.000-1, and being duly authorized, communicates to you the following
essential information regarding the Company and its business, pursuant to the
provided for in Article 9 and paragraph 2* of Article 10% both of Law No. 18,045, and
in General Rule N* 30 of the Commission for the Financial Market
(“CMF”):
In board meeting of September 28, and as communicated to the CMF
and to the market as an essential fact on that date, the Board of Directors of Celulosa Arauco
and Constitución S.A. agreed, among other matters, to update the policy of
dividends of the Company, establishing that with respect to the year 2021,
distribute to shareholders an amount equivalent to 40% of profits
liquid of that financial year which may be distributed as dividends,
excluding profits from the calculation of such liquid profits
extraordinary items obtained by the Company, through its subsidiary Forestal Arauco
S.A., for the sale of real estate to Vista Hermosa Inversiones Forestales SpA. Herself
It further agreed and informed that for subsequent financial years, a
amount equivalent to 40% of the liquid profits of each year, susceptible
to be distributed as dividends. Finally, it was agreed on that occasion that,
in any case, the Board could agree to pay interim dividends, in the
to the extent that a successful end of the year was foreseen and that the
cash availabilities of the Company allow it.
In this regard, I inform that in the board meeting of this date, it was agreed to modify
the dividend policy with respect to the profits obtained in the year 2021,
mentioned above, in the sense of including in the calculation of the net profits of
This year may be distributed as dividends profits
extraordinary items obtained by the Company from the sale of real estate already
mentioned from the subsidiary Forestal Arauco S.A. to Vista Hermosa Inversiones
Forestales SpA. The agreement to modify the dividend policy recently
This is based on the very positive results obtained by Arauco
during the year 2021, already informed to the market, and in its current availability
of box.
Accordingly, it was agreed at the same board meeting today,
propose to the Ordinary Shareholders’ Meeting of our Company, cited for the
On April 26, the payment of the final dividend minimum mandatory that
It is now indicated, which will be charged to the profits of the year ended at 31
December 2021, charged to the results of that year:
– Dividend of US$1.5947992524 per share, single series.
This dividend corresponds to 40% of the net profits of the
2021 financial year, after deduction of the provisional dividend paid to shareholders to
as of November 5.
The dividend will be paid in pesos, national currency, according to the exchange rate “dollar”
observed”, published in the Official Journal on 6 May 2022.
The dividend just mentioned constitutes income for the shareholders. The
The company shall determine and communicate in a timely manner the credit that for the
referred dividend corresponds to taxpayer shareholders
Global Complementary and Additional Tax.
The dividend that has been mentioned, if approved by the Board to which it is made
Reference, will be paid as of May 10, 2022, from 9.00
hours, in the offices of the Society of Avda. El Golf N* 150, 14th floor, Commune of
Las Condes, which attends, in the current circumstances of health emergency,
Monday to Friday, from 9.00 a.m. to 1.00 p.m. To the shareholders who have done so
requested from the Company, the dividend will be deposited in their current account
above or your check will be mailed to them, as appropriate.
They shall be entitled to the dividend mentioned above, in the case of
that this is approved by the Meeting, the shareholders who appear registered in the
Register of Shareholders of the Company at midnight on May 4, 2022.
The notice by virtue of which the shareholders will be informed of the agreement that
adopted by the Ordinary Meeting referred to above, with respect to this dividend, will be
published in the electronic newspaper “El Líbero” of Santiago, edition of day 3 of
May 2022.
The distribution of the dividend mentioned above has no effect on the situation
financial of the Company.
Yours sincerely yours,
1
Matthias Domeyko Cassel
Executive Vice President
Celulosa Arauco y Constitución S.A.
CC. – Santiago Stock Exchange. La Bolsa N* 64, Santiago
– Electronic Stock Exchange of Chile. Huérfanos 770, 14th floor, Santiago
– Representative of Bondholders (Banco Santander). Bandera 140, Santiago
-Trade unions
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=f678696bcd057d0abde6d5f5672bf6eeVFdwQmVVMXFRVEJOUkVWNlQxUkZOVTVSUFQwPQ==&secuencia=-1&t=1682376108
