ESSENTIAL FACT
CENCOSUD S.A.
Registration Registry of Securities N°743
Santiago, April 28, 2023
Mrs. Solange Berstein Jáuregui,
President of the Commission for the Financial Market
Av. Libertador Bernardo O’Higgins N°1449
Ref.: Communicates essential fact.
From our consideration,
Cencosud S.A., an open corporation, registered in the Securities Registry kept by your Commission under number 743, hereinafter “the Company”, in accordance with the provisions of article 9 and second paragraph of article 10, both of Law 18,045 and section II of General Rule No. 30 and Circular No. 1,072 of the Superintendency of Securities and Insurance (current Financial Market Commission), It hereby communicates, as an essential fact, the following:
1) On April 28, 2023, the Ordinary Shareholders’ Meeting of the Company took place, which, among other resolutions, resolved the following:
I. Approve the Company’s Annual Report, the Financial Statements and the Report of External Auditors for the year 2022.
II. To approve the distribution of a final dividend charged to the distributable net income for the year 2022 for a total amount of Ch$288,945,891,554.-, which represents 49.91373% of the distributable net profits, equivalent to Ch$103.- per share. The distribution of profits indicated above will be made through: (i) The distribution of a mandatory minimum dividend in the amount of Ch$61.98154 per share, to be paid as of May 10, 2023; more (ii) the distribution of an additional dividend in the amount of 541.01846 per share, to be paid as of May 10, 2023.
III. Approve that the payment of the aforementioned dividend be made as of May 10, 2023.
IV. Establish that the remuneration of the Directors for the year 2023 is the sum of 330 Promotion Units per month for those who exercise the position of Director and double this sum for the President.
V. To establish that, during the year 2023, each of the Directors that make up the Committee of Directors of the Company will receive a remuneration amounting to 110 Promotion Units per month; and that the operating budget of the Committee and its possible advisers amount to the sum of 2,500 Unidades de Fomento per year.
SAW. To appoint PRICE WATERHOUSE COOPERS (PWC) as the Company’s external audit firm for the financial year 2023.
VII. Maintain as Private Risk Classifiers for the period 2023, the companies Feller Rate Clasificadora de Riesgo Limitada and Clasificadora de Riesgo Humphreys Limitada.
VIII. Carry out social publications in the newspaper “El Mercurio” of Santiago.
2) Likewise, on this same date, an Extraordinary Meeting of Shareholders of the Company has taken place, which among other resolutions has resolved the following:
Approve the purchase of shares of own issue with the objective of being delivered to executives under a retention plan, delegating to the Board of Directors the necessary powers for the implementation of the same.
Yours sincerely yours,
Matías Videla Solá
General Manager
Cencosud S.A.
CC: Santiago Stock Exchange
Electronic Stock Exchange
Bondholder Representatives
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=ccfacac23210727ae24e96fb59395426VFdwQmVVMTZRVEJOUkVVMFRYcHJORTUzUFQwPQ==&secuencia=-1&t=1684470982
