PUCOBRE
ESSENTIAL FACT
PUNTA DEL COBRE SOCIETY S.A.
(Registration of Securities N°362)
Santiago, April 5, 2022
Acc.-011/2022
Mrs.
Solange Berstein
President of the CMF
Av. Libertador Bernardo O’Higgins 1449
Santiago.
From our consideration:
By virtue of the provisions of Articles 9 and 10 of Law 18,045, General Standard No. 930 and Circular No. 660 of the Commission for the Financial Market, I inform you that on April 5 of this year, the Ordinary Shareholders’ Meeting of Sociedad Punta del Cobre S.A. (hereinafter “Pucobre”) was held at the time and place indicated in the notices. and in the respective citation. The Ordinary Shareholders’ Meeting adopted the following resolutions:
1. The Annual Report, the balance sheet and the financial statements for the financial year 2021 and the report of the external auditors were approved.
2. It was agreed to distribute as dividends the sum of US$51,213,300, which corresponds to 50% of the net profit for the year 2021. Consequently, the Shareholders’ Meeting agreed to the distribution of a final dividend No. 53 of US$0.41080 per share.
This dividend will be paid as of April 14, 2022, at the offices of Banco Santander, to shareholders registered in the Register of Shareholders of the Company on April 8, 2022.
The exchange rate used is the observed dollar of April 5, 2022, equivalent to $779.33 per dollar.
Therefore, the amount of the final dividend No. 53 to be paid in cash is $320.15 per share.
Shareholders who so decide, may access the transitory and optional legal regime that contemplates the payment of a substitute tax for final taxes (that is, substitute for complementary global tax or additional tax) also called “ISFUT”, as established in transitory article 25 of Law 21,210 and as indicated in Circulars 43/2020 and 39/2021 and Offices 215/2021 and 2762/2021 all of the Internal Revenue Service. For these purposes, a procedure published on April 5, once the Meeting approved the dividend, was made available to the shareholders; on the website of the www.pucobre.cl Company (INVESTORS / INVESTOR NEWS).
It was agreed to set as a dividend policy the distribution of at least 30% of the net profit of the respective year. Regarding the distribution of provisional dividends, it was agreed to be governed by the provisions of Article 79 of Law No. 18,046.
3. PricewaterhouseCoopers Consultores Auditores SpA was appointed as an external audit firm for the financial year 2022.
4. The risk rating companies Feller-Rate and ICR (International Credit Rating) were designated for the period May 2022 – April 2023.
5. The Board of Directors reported on operations with related parties referred to in Title XVI of Law 18,046.
6. The following were elected directors: Juan Hurtado Vicuña, Cristián Arnolds Reyes, Pedro Hurtado Vicuña, Richard Búchi Buc, Eduardo Fernández Mac-Auliffe, Jorge Granic Latorre, Agustín Izquierdo Etchebarne and Silvio Rostagno Hayes. Likewise, Mr. Pablo Echeverría Benítez was elected as independent director.
7. The remuneration of the Board of Directors for the year 2022 was fixed.
8. The Investment and Financing Policy was approved.
9. The remuneration for the members of the Directors’ Committee and the operating expenditure budget of the Directors’ Committee for the year 2022 were fixed.
10. The electronic newspaper “El Libero” and the “Diario Atacama” of Copiapó were designated for the social publications of Pucobre.
11. The management, activities and expenses of the Directors’ Committee during 2021 were reported.
This communication is accompanied by Form N°1 of Circular N°660 of the Commission for the Financial Market.
Sincerely yours,
Sebastian R. Rios
General Manager
Sociedad Punta del Cobre S.A.
C.c. Santiago Stock Exchange
Electronic Stock Exchange of Chile
Archive
Link to file in CMFChile: https://www.cmfchile.cl/sitio/aplic/serdoc/ver_sgd.php?s567=b4a2109efca35031b0ad935a0086c1e3VFdwQmVVMXFRVEJOUkVWNlRXcFZNazEzUFQwPQ==&secuencia=-1&t=1682376108
